Analog Devices Inc (ADI)

Total asset turnover

		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	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Revenue (ttm)	US$ in thousands	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	5,940,280	6,144,430	6,236,970
Total assets	US$ in thousands	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	21,392,600	21,566,600	21,776,300
Total asset turnover		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	0.28	0.28	0.29

February 3, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $11,300,180K ÷ $48,388,500K
= 0.23

Analog Devices Inc.'s total asset turnover has shown relatively stable performance over the past eight quarters. The company's total asset turnover ratio ranged from 0.19 to 0.26 during this period.

The total asset turnover ratio measures the efficiency of a company in generating sales revenue from its assets. A higher ratio indicates that the company is utilizing its assets more effectively to generate revenue.

Analog Devices Inc.'s total asset turnover ratio has consistently been around the 0.24 to 0.26 range, indicating that the company is effectively generating sales revenue in relation to its total assets. This stability suggests that Analog Devices Inc. has maintained a good balance between asset utilization and revenue generation over the analyzed period.

Overall, based on the total asset turnover data provided, Analog Devices Inc. appears to be efficiently utilizing its assets to generate revenue, which is a positive indicator of operational efficiency and financial performance.