Analog Devices Inc (ADI)

Total asset turnover

		Nov 2, 2024	Aug 3, 2024	May 4, 2024	Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020
Revenue (ttm)	US$ in thousands	9,285,710	9,487,500	10,182,440	11,300,180	12,053,800	12,591,670	12,643,210	12,366,050	11,809,200	10,683,340	9,383,500	8,122,390	7,048,520	6,456,420	6,153,710	5,809,360	5,554,460	5,469,200	5,493,200	5,702,740
Total assets	US$ in thousands	48,228,300	48,618,400	48,861,900	48,388,500	48,794,500	49,346,700	49,544,700	50,234,500	50,302,400	50,346,200	50,800,700	51,215,600	52,322,100	21,641,200	21,588,200	21,440,100	21,468,600	21,599,600	21,350,900	21,376,800
Total asset turnover		0.19	0.20	0.21	0.23	0.25	0.26	0.26	0.25	0.23	0.21	0.18	0.16	0.13	0.30	0.29	0.27	0.26	0.25	0.26	0.27

November 2, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $9,285,710K ÷ $48,228,300K
= 0.19

Analog Devices Inc's total asset turnover ratio has fluctuated over the past few years, ranging from a low of 0.13 to a high of 0.30. The total asset turnover measures the efficiency with which the company is generating sales revenue from its total assets.

A declining trend in total asset turnover, such as the decrease from 0.30 in July 2021 to 0.13 in October 2021, may indicate that the company is not effectively utilizing its assets to generate sales. Conversely, an increasing trend in total asset turnover, such as the increase from 0.18 in April 2022 to 0.26 in October 2023, suggests improved efficiency in asset utilization.

Overall, a total asset turnover ratio below 1 indicates that the company is not generating enough sales relative to its total assets, which may signal inefficiency. Analog Devices Inc's total asset turnover has generally been below 1, with the latest ratio of 0.27 in Feb 2020.

Further analysis and comparison with industry peers are recommended to gain a better understanding of Analog Devices Inc's asset management efficiency.