Advanced Micro Devices Inc (AMD)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 25,967,000 | 22,875,000 | 23,650,000 | 16,401,000 | 9,684,000 |
| Total assets | US$ in thousands | 69,226,000 | 67,885,000 | 67,580,000 | 12,419,000 | 8,962,000 |
| Total asset turnover | 0.38 | 0.34 | 0.35 | 1.32 | 1.08 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $25,967,000K ÷ $69,226,000K
= 0.38
Total asset turnover is a financial ratio that measures a company's efficiency in generating revenue from its investments in assets. For Advanced Micro Devices Inc, the total asset turnover has shown fluctuations over the years. As of December 31, 2020, the ratio was 1.08, indicating that the company generated $1.08 in revenue for every dollar invested in assets.
The total asset turnover improved in the following year, reaching 1.32 by December 31, 2021, suggesting that the company became more efficient in utilizing its assets to generate revenue. However, there was a significant drop in the ratio to 0.35 by December 31, 2022. This decline may signal challenges in efficiently utilizing assets to generate revenue during that period.
The total asset turnover remained relatively stable in the subsequent years, with values of 0.34 on December 31, 2023, and 0.38 on December 31, 2024. These figures indicate that Advanced Micro Devices Inc struggled to generate revenue in proportion to its asset investments during those years.
Overall, the fluctuating trend in total asset turnover for Advanced Micro Devices Inc suggests varying levels of efficiency in utilizing assets to drive revenue generation over the analyzed period.
Peer comparison
Dec 31, 2024