Intel Corporation (INTC)

Total asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	53,879,000	61,811,000	78,168,000	76,984,000	71,052,000
Total assets	US$ in thousands	191,572,000	182,103,000	168,406,000	153,091,000	136,524,000
Total asset turnover		0.28	0.34	0.46	0.50	0.52

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $53,879,000K ÷ $191,572,000K
= 0.28

Intel Corporation's total asset turnover has shown a declining trend over the past five years, dropping from 0.52 in 2019 to 0.28 in 2023. This indicates that the company is generating less revenue relative to its total assets in recent years. A lower total asset turnover could signal inefficiency in asset utilization or decreased sales volume compared to the investment in assets. It is crucial for Intel to investigate the factors behind this decline and implement strategies to improve asset productivity and revenue generation to enhance overall financial performance and efficiency.