Total Asset Turnover
since 2008
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Calculation
Visa Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net revenues1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Sep 30, 2022 | = | ÷ | |||
| Sep 30, 2021 | = | ÷ | |||
| Sep 30, 2020 | = | ÷ | |||
| Sep 30, 2019 | = | ÷ | |||
| Sep 30, 2018 | = | ÷ | |||
| Sep 30, 2017 | = | ÷ | |||
| Sep 30, 2016 | = | ÷ | |||
| Sep 30, 2015 | = | ÷ | |||
| Sep 30, 2014 | = | ÷ | |||
| Sep 30, 2013 | = | ÷ | |||
| Sep 30, 2012 | = | ÷ | |||
| Sep 30, 2011 | = | ÷ | |||
| Sep 30, 2010 | = | ÷ | |||
| Sep 30, 2009 | = | ÷ | |||
| Sep 30, 2008 | = | ÷ |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30).
1 US$ in millions
- Net Revenues
- Net revenues exhibited a consistent upward trajectory from 2008 to 2022. Starting at $6,263 million in 2008, revenues increased nearly every year, reaching $29,310 million in 2022. Notable growth phases include substantial jumps between 2016 and 2017, and again between 2021 and 2022. A slight dip occurred in 2020 to $21,846 million, likely reflecting external economic challenges, but the trend quickly recovered and accelerated thereafter.
- Total Assets
- Total assets experienced a more fluctuating pattern compared to net revenues. Initially, assets slightly decreased from $34,981 million in 2008 to $32,281 million in 2009, then began a gradual increase with some minor fluctuations through to 2015. From 2015 onwards, assets displayed a pronounced rise, especially between 2015 and 2016, jumping from $40,236 million to $64,035 million, and continuing to grow steadily up to $85,501 million by 2022. This suggests significant asset acquisitions or revaluations in the later years.
- Total Asset Turnover
- Total asset turnover showed an improving trend from 2008 through 2013, increasing from 0.18 to 0.33. Between 2013 and 2015, it remained relatively stable around 0.33-0.34, indicating efficient use of assets to generate revenues during that period. However, a decline is apparent in 2016 to 2018, with ratios falling to as low as 0.24 in 2016 before recovering to 0.32 in 2019. From 2019 to 2022, asset turnover fluctuated moderately, ending in 2022 at 0.34, which reaffirms a recovery in asset utilization efficiency.
- Overall Insights
- The data reflects a robust growth in revenue generation coupled with strategic asset accumulation especially after 2015. Despite the increased asset base, efficiency in asset usage remained relatively stable over the long term, with some periods of reduced turnover possibly attributable to the integration of new assets. The revenue dip in 2020 contrasts with continued growth in assets, suggesting resilience and potential preparatory investments despite adverse conditions. The rebound in both revenues and asset utilization ratios in subsequent years signals effective management and operational recovery.
Comparison to Competitors
Visa Inc., total asset turnover, long-term trends, comparison to competitors
| Visa Inc. | Accenture PLC | Adobe Inc. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Fair Isaac Corp. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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| Sep 30, 2008 |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30).
Comparison to Sector (Software & Services)
Visa Inc., total asset turnover, long-term trends, comparison to sector (software & services)
| Visa Inc. | Software & Services | |
|---|---|---|
| Sep 30, 2022 | ||
| Sep 30, 2021 | ||
| Sep 30, 2020 | ||
| Sep 30, 2019 | ||
| Sep 30, 2018 | ||
| Sep 30, 2017 | ||
| Sep 30, 2016 | ||
| Sep 30, 2015 | ||
| Sep 30, 2014 | ||
| Sep 30, 2013 | ||
| Sep 30, 2012 | ||
| Sep 30, 2011 | ||
| Sep 30, 2010 | ||
| Sep 30, 2009 | ||
| Sep 30, 2008 |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30).
Comparison to Industry (Information Technology)
Visa Inc., total asset turnover, long-term trends, comparison to industry (information technology)
| Visa Inc. | Information Technology | |
|---|---|---|
| Sep 30, 2022 | ||
| Sep 30, 2021 | ||
| Sep 30, 2020 | ||
| Sep 30, 2019 | ||
| Sep 30, 2018 | ||
| Sep 30, 2017 | ||
| Sep 30, 2016 | ||
| Sep 30, 2015 | ||
| Sep 30, 2014 | ||
| Sep 30, 2013 | ||
| Sep 30, 2012 | ||
| Sep 30, 2011 | ||
| Sep 30, 2010 | ||
| Sep 30, 2009 | ||
| Sep 30, 2008 |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30).