Advanced Micro Devices Inc (AMD)

Total asset turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	22,910,000	22,190,000	21,950,000	23,144,000	23,650,000	22,763,000	21,535,000	18,850,000	16,413,000	14,803,000	13,287,000	11,365,000	9,698,000	8,572,000	7,519,000	7,107,000	6,643,000	5,924,000	5,810,000	6,029,000
Total assets	US$ in thousands	67,885,000	67,626,000	67,967,000	67,634,000	67,580,000	67,811,000	67,502,000	66,915,000	12,419,000	11,153,000	10,691,000	10,047,000	8,962,000	7,023,000	6,583,000	5,864,000	6,028,000	5,253,000	5,102,000	4,931,000
Total asset turnover		0.34	0.33	0.32	0.34	0.35	0.34	0.32	0.28	1.32	1.33	1.24	1.13	1.08	1.22	1.14	1.21	1.10	1.13	1.14	1.22

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $22,910,000K ÷ $67,885,000K
= 0.34

Total asset turnover is a key financial ratio that measures a company's ability to generate sales in relation to its total assets. A higher total asset turnover ratio is generally seen as favorable, indicating efficient utilization of assets to generate revenue.

Based on the data provided, Advanced Micro Devices Inc's total asset turnover ratio has fluctuated over the past several quarters. In the most recent quarter, ending December 31, 2023, the total asset turnover was 0.34, which indicates that the company generated $0.34 in sales for every $1 of assets.

The trend in the total asset turnover ratio has been somewhat inconsistent, with variations seen from quarter to quarter. The ratio ranged from a low of 0.28 in March 31, 2022, to a high of 1.33 in September 30, 2021.

Overall, it is important to assess the total asset turnover ratio in conjunction with other financial metrics and industry benchmarks to fully evaluate Advanced Micro Devices Inc's operational efficiency and asset utilization. Additional analysis and comparison to peers may provide further insights into the company's performance in this aspect.