Broadcom Inc (AVGO)
Total asset turnover
| Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Nov 1, 2020 | Nov 3, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 35,819,000 | 33,203,000 | 27,450,000 | 23,888,000 | 22,597,000 |
| Total assets | US$ in thousands | 72,861,000 | 73,249,000 | 75,570,000 | 75,933,000 | 67,493,000 |
| Total asset turnover | 0.49 | 0.45 | 0.36 | 0.31 | 0.33 |
October 29, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $35,819,000K ÷ $72,861,000K
= 0.49
The total asset turnover of Broadcom Inc has shown a fluctuating trend over the past five years. The ratio has increased from 0.33 in November 2019 to 0.49 in October 2023. This suggests that the company has been able to generate more revenue from its total assets in 2023 compared to 2019. A higher total asset turnover indicates that the company is able to efficiently utilize its assets to generate sales. However, the ratio has fluctuated over the years, indicating potential variability in the company's operational efficiency. Further analysis is recommended to understand the specific factors driving these fluctuations and their potential impact on the company's overall performance.
Peer comparison
Oct 29, 2023