Applied Materials Inc (AMAT)

Total asset turnover

		Oct 27, 2024	Jul 28, 2024	Apr 28, 2024	Jan 28, 2024	Oct 29, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Oct 25, 2020	Jul 26, 2020	Apr 26, 2020	Jan 26, 2020
Revenue (ttm)	US$ in thousands	27,058,000	26,743,000	26,339,000	26,311,000	26,274,000	26,319,000	26,414,000	26,027,000	25,590,000	24,905,000	24,569,000	23,924,000	22,880,000	21,547,000	19,794,000	18,202,000	17,202,000	16,268,000	15,435,000	15,017,000
Total assets	US$ in thousands	34,409,000	33,647,000	31,949,000	31,540,000	30,729,000	30,410,000	29,092,000	27,959,000	26,726,000	26,161,000	25,459,000	25,428,000	25,825,000	24,479,000	24,085,000	23,305,000	22,353,000	21,171,000	21,815,000	19,767,000
Total asset turnover		0.79	0.79	0.82	0.83	0.86	0.87	0.91	0.93	0.96	0.95	0.97	0.94	0.89	0.88	0.82	0.78	0.77	0.77	0.71	0.76

October 27, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $27,058,000K ÷ $34,409,000K
= 0.79

The total asset turnover of Applied Materials Inc has exhibited fluctuations over the historical period analyzed. The company's ability to generate sales from its total assets has ranged from a low of 0.71 to a high of 0.97. The trend shows a general decline from the start of the period, with some slight fluctuations along the way.

An analysis of total asset turnover can provide insights into the efficiency of a company in utilizing its assets to generate revenue. In this case, the decreasing trend in total asset turnover may suggest a potential decline in efficiency in generating sales from its asset base.

It is important for Applied Materials Inc to closely monitor and manage its asset turnover ratio to ensure optimal utilization of its assets and maximize revenue generation. Further analysis of the company's operational efficiency and asset management practices may provide additional insights into the factors driving these fluctuations in total asset turnover.