NVIDIA Corporation (NVDA)

Fixed asset turnover

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Jan 28, 2024	Oct 31, 2023	Oct 29, 2023	Jul 31, 2023	Jul 30, 2023	Apr 30, 2023	Jan 31, 2023	Jan 29, 2023	Oct 31, 2022	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Apr 30, 2022	Jan 31, 2022	Jan 30, 2022
Revenue (ttm)	US$ in thousands	130,497,000	113,269,000	100,290,000	88,370,000	80,446,000	71,850,000	63,254,000	52,326,000	40,257,000	32,801,000	25,225,000	23,964,000	24,617,000	26,854,000	29,211,000	30,923,000	31,862,000	30,677,000	28,896,000	27,760,000
Property, plant and equipment	US$ in thousands	—	—	—	—	—	3,914,000	—	3,844,000	3,799,000	3,799,000	3,740,000	3,807,000	3,807,000	4,701,000	3,774,000	4,085,000	2,916,000	2,916,000	3,607,000	2,778,000
Fixed asset turnover		—	—	—	—	—	18.36	—	13.61	10.60	8.63	6.74	6.29	6.47	5.71	7.74	7.57	10.93	10.52	8.01	9.99

January 31, 2025 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $130,497,000K ÷ $—K
= —

The fixed asset turnover ratio provides insight into how effectively a company is utilizing its fixed assets to generate revenue. It is calculated by dividing the company's net sales by its average fixed assets.

Analyzing NVIDIA Corporation's fixed asset turnover ratio over the given time period shows fluctuations in the efficiency of its fixed asset utilization. The ratio has fluctuated significantly, ranging from a high of 18.36 to a low of 5.71. Generally, a higher fixed asset turnover ratio indicates better efficiency in generating sales revenue from fixed assets.

From January 30, 2022, to July 31, 2023, NVIDIA's fixed asset turnover showed an increasing trend, reaching a peak of 13.61 on October 29, 2023. This suggests that the company was effectively utilizing its fixed assets to generate sales during this period.

However, from January 28, 2024, onwards, the fixed asset turnover ratio data is missing, indicated by a dash symbol in the JSON data provided. The absence of data makes it difficult to evaluate the company's recent performance in terms of fixed asset utilization.

In conclusion, the analysis of NVIDIA Corporation's fixed asset turnover ratio indicates fluctuations in the efficiency of its fixed asset utilization over time, with periods of both improvement and decline. The company's efficiency in generating sales revenue from fixed assets should continue to be monitored to assess its operational performance and potential areas for improvement.