Intel Corporation (INTC)

Total asset turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	54,609,000	49,921,000	51,712,000	53,325,000	60,233,000	69,226,000	72,142,000	77,425,000	78,200,000	77,539,000	76,698,000	76,709,000	76,997,000	77,332,000	78,200,000	75,050,000	71,097,000	69,594,000	69,394,000	69,770,000
Total assets	US$ in thousands	191,572,000	188,837,000	185,629,000	185,303,000	182,103,000	174,841,000	170,418,000	176,356,000	168,406,000	167,962,000	154,597,000	150,622,000	153,091,000	145,261,000	152,539,000	147,710,000	136,524,000	133,768,000	130,759,000	129,458,000
Total asset turnover		0.29	0.26	0.28	0.29	0.33	0.40	0.42	0.44	0.46	0.46	0.50	0.51	0.50	0.53	0.51	0.51	0.52	0.52	0.53	0.54

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $54,609,000K ÷ $191,572,000K
= 0.29

Intel Corporation's total asset turnover has shown a declining trend from 0.54 in March 2019 to 0.29 in December 2023. This indicates that the company is generating fewer sales in relation to its total assets over time. A lower total asset turnover may suggest inefficiencies in asset utilization or decreasing sales relative to the asset base. It is important for Intel to closely monitor this ratio and assess the reasons behind the decline to ensure optimal use of resources and improve overall performance.