Analog Devices Inc (ADI)

Total asset turnover

		Oct 28, 2023	Oct 29, 2022	Oct 30, 2021	Oct 31, 2020	Nov 2, 2019
Revenue	US$ in thousands	12,053,800	11,813,500	6,931,870	5,409,750	5,761,990
Total assets	US$ in thousands	48,794,500	50,302,400	52,322,100	21,468,600	21,392,600
Total asset turnover		0.25	0.23	0.13	0.25	0.27

October 28, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $12,053,800K ÷ $48,794,500K
= 0.25

The total asset turnover ratio for Analog Devices Inc. has shown some variation over the past five years. In fiscal year 2023, the company achieved a total asset turnover of 0.25, indicating that for every dollar of total assets, the company generated 25 cents in sales. This represents a slight improvement from the previous fiscal year when the ratio was recorded at 0.24.

Looking back to fiscal year 2021, the total asset turnover was significantly lower at 0.14, suggesting a less efficient utilization of assets to generate sales revenue. However, the ratio rebounded in fiscal year 2022 to 0.26, and was even higher at 0.28 in fiscal year 2019.

Overall, the trend indicates some variability in the company's ability to generate sales from its total assets, with improvements in some years and declines in others. It would be important to delve into the specific factors driving these fluctuations to gain a deeper understanding of the company's operational efficiency.