Micron Technology Inc (MU)
Total asset turnover
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | Aug 29, 2024 | May 31, 2024 | May 30, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | Jun 1, 2023 | May 31, 2023 | Mar 2, 2023 | Feb 28, 2023 | Dec 1, 2022 | Nov 30, 2022 | Sep 1, 2022 | Aug 31, 2022 | Jun 2, 2022 | May 31, 2022 | Mar 3, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 32,684,000 | 31,442,000 | 29,432,000 | 27,506,000 | 24,060,000 | 21,259,000 | 23,285,000 | 21,213,000 | 20,100,000 | 19,783,000 | 15,092,000 | 15,425,000 | 18,435,000 | 21,385,000 | 25,954,000 | 30,511,000 | 31,619,000 | 32,762,000 | 31,718,000 | 30,763,000 |
| Total assets | US$ in thousands | 73,053,000 | 71,461,000 | 69,416,000 | 69,416,000 | 66,255,000 | 66,255,000 | 65,718,000 | 63,776,000 | 64,254,000 | 65,680,000 | 65,680,000 | 66,520,000 | 66,520,000 | 67,874,000 | 67,874,000 | 66,283,000 | 66,283,000 | 65,296,000 | 65,296,000 | 63,696,000 |
| Total asset turnover | 0.45 | 0.44 | 0.42 | 0.40 | 0.36 | 0.32 | 0.35 | 0.33 | 0.31 | 0.30 | 0.23 | 0.23 | 0.28 | 0.32 | 0.38 | 0.46 | 0.48 | 0.50 | 0.49 | 0.48 |
February 28, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $32,684,000K ÷ $73,053,000K
= 0.45
The total asset turnover ratio measures a company's efficiency in generating sales revenue relative to its total assets. A higher total asset turnover ratio indicates that the company is effectively utilizing its assets to generate sales.
For Micron Technology Inc, the total asset turnover ratio has shown variability over the given period. It started at 0.48 on March 3, 2022, and generally trended downwards until February 28, 2025, where it reached 0.45.
The decreasing trend in the total asset turnover ratio could indicate challenges in efficiently utilizing its assets to generate sales revenue. This may be due to changes in business operations, market conditions, or resource allocation.
It is important for Micron Technology Inc to closely monitor and potentially improve its total asset turnover ratio to ensure optimal asset utilization and overall financial performance. Additional analysis of the company's operations, investments, and market strategies could provide insights into the factors impacting this ratio and help identify areas for improvement.
Peer comparison
Feb 28, 2025