Broadcom Inc (AVGO)
Total asset turnover
| Nov 3, 2024 | Aug 4, 2024 | May 5, 2024 | Feb 4, 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 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 51,574,000 | 46,815,000 | 42,619,000 | 38,865,000 | 35,819,000 | 35,454,000 | 35,042,000 | 34,412,000 | 33,203,000 | 31,680,000 | 29,994,000 | 28,501,000 | 27,450,000 | 26,510,000 | 25,553,000 | 24,685,000 | 23,888,000 | 23,197,000 | 22,891,000 | 22,666,000 |
| Total assets | US$ in thousands | 165,645,000 | 167,966,000 | 175,211,000 | 177,870,000 | 72,861,000 | 71,595,000 | 71,667,000 | 72,976,000 | 73,249,000 | 71,326,000 | 71,719,000 | 73,224,000 | 75,570,000 | 75,880,000 | 75,524,000 | 76,972,000 | 75,933,000 | 79,298,000 | 81,548,000 | 81,006,000 |
| Total asset turnover | 0.31 | 0.28 | 0.24 | 0.22 | 0.49 | 0.50 | 0.49 | 0.47 | 0.45 | 0.44 | 0.42 | 0.39 | 0.36 | 0.35 | 0.34 | 0.32 | 0.31 | 0.29 | 0.28 | 0.28 |
November 3, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $51,574,000K ÷ $165,645,000K
= 0.31
Broadcom Inc's total asset turnover ratio has fluctuated over the past few years, indicating varying efficiency in generating sales from its total assets. The ratio peaked at 0.50 in July 2023, reflecting that the company generated $0.50 in revenue for every $1 of assets during that period. However, the ratio saw a decrease to 0.22 in February 2024, indicating a decline in asset utilization efficiency.
Overall, the trend shows that Broadcom Inc has typically maintained a total asset turnover ratio in the range of 0.28 to 0.50, with some fluctuations. It is important for the company to closely monitor this ratio to ensure optimal utilization of its assets in generating revenue.
Peer comparison
Nov 3, 2024