Advanced Micro Devices Inc (AMD)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 22,875,000 | 23,650,000 | 16,401,000 | 9,684,000 | 6,528,000 |
| Total assets | US$ in thousands | 67,885,000 | 67,580,000 | 12,419,000 | 8,962,000 | 6,028,000 |
| Total asset turnover | 0.34 | 0.35 | 1.32 | 1.08 | 1.08 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $22,875,000K ÷ $67,885,000K
= 0.34
The total asset turnover of Advanced Micro Devices Inc has exhibited fluctuations over the last five years. In 2023, the company's total asset turnover ratio stood at 0.34, a slight decrease from the previous year's ratio of 0.35. This decline indicates that AMD generated $0.34 in revenue for every dollar of assets held during the fiscal year.
Comparing these figures with the ratios from 2021 and 2020 reveals a significant drop in asset turnover. In 2021, the company achieved a total asset turnover of 1.32, which decreased to 1.08 in 2020 and remained stable at the same level in 2019. This downward trend suggests that AMD's efficiency in utilizing its assets to generate revenue experienced a notable decline over the two-year period from 2021 to 2023.
The decreasing trend in total asset turnover could indicate inefficiencies in asset management or a change in the company's business model that affects how effectively it generates revenue from its total assets. Further analysis of AMD's financial performance and operational strategies would be necessary to identify the specific factors driving these fluctuations in total asset turnover.
Peer comparison
Dec 31, 2023