Dell Technologies Inc (DELL)
Total asset turnover
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 88,425,000 | 102,301,000 | 101,197,000 | 86,670,000 | 84,815,000 |
| Total assets | US$ in thousands | 82,089,000 | 89,611,000 | 92,735,000 | 123,415,000 | 118,861,000 |
| Total asset turnover | 1.08 | 1.14 | 1.09 | 0.70 | 0.71 |
February 2, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $88,425,000K ÷ $82,089,000K
= 1.08
Total asset turnover measures a company's efficiency in generating sales revenue from its assets. Dell Technologies Inc's total asset turnover has shown a fluctuating trend over the past five years. In 2024, the total asset turnover ratio was 1.08, which indicates that for every dollar of assets, Dell generated $1.08 in sales. This was a slight decrease from the previous year's ratio of 1.14.
In 2022, the total asset turnover was 1.09, showing a similar level of efficiency in asset utilization compared to the current year. However, there was a significant improvement from the ratios of 0.70 and 0.71 in 2021 and 2020, respectively. These lower ratios suggest that Dell was less efficient in generating sales from its assets during those years.
Overall, Dell's total asset turnover ratio has displayed some variability but has generally been above 1 in recent years, indicating that the company efficiently utilizes its assets to generate sales revenue. Further analysis of the underlying factors influencing this ratio could provide insights into Dell's operational efficiency and asset management strategies.
Peer comparison
Feb 2, 2024