Broadcom Inc (AVGO)

Total asset turnover

		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	Nov 3, 2019	Aug 4, 2019	May 5, 2019
Revenue (ttm)	US$ in thousands	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	22,597,000	22,265,000	21,813,000
Total assets	US$ in thousands	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	67,493,000	69,767,000	70,916,000
Total asset turnover		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	0.33	0.32	0.31

February 4, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $38,865,000K ÷ $177,870,000K
= 0.22

Broadcom Inc's total asset turnover has shown fluctuating values over the recent periods, ranging from 0.22 to 0.50. The total asset turnover ratio indicates how efficiently the company is generating revenue from its assets. A higher ratio suggests that the company is effectively using its assets to generate sales.

In the most recent period, the total asset turnover ratio was 0.22, which indicates that for every dollar of assets held by the company, it generated $0.22 in revenue. This could suggest a decrease in the efficiency of asset utilization compared to the previous periods.

Looking back further, there was an increasing trend in the total asset turnover ratio from 0.28 to 0.50 between May 2020 and July 2023. This could imply improving efficiency in generating revenue from assets during this period.

Overall, it is important for Broadcom Inc to consistently monitor its total asset turnover ratio to ensure effective asset management and maximize revenue generation.