NVIDIA Corporation (NVDA)
Total asset turnover
| Jan 31, 2025 | Jan 31, 2024 | Jan 28, 2024 | Jan 31, 2023 | Jan 29, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 130,497,000 | 60,922,000 | 60,922,000 | 26,974,000 | 26,974,000 |
| Total assets | US$ in thousands | 111,601,000 | 65,728,000 | 65,728,000 | 41,182,000 | 41,182,000 |
| Total asset turnover | 1.17 | 0.93 | 0.93 | 0.65 | 0.65 |
January 31, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $130,497,000K ÷ $111,601,000K
= 1.17
NVIDIA Corporation's total asset turnover has shown a steady improvement over the last few years. The ratio has increased from 0.65 in January 2023 and 2024 to 1.17 in January 2025. This indicates that the company is generating more revenue relative to its total assets, reflecting efficient asset utilization and effectiveness in generating sales from its asset base. The rising trend in total asset turnover suggests that NVIDIA is managing its assets well and leveraging them to drive revenue growth. It is important for investors and stakeholders as higher asset turnover ratios generally indicate better operational performance and efficiency in generating sales.
Peer comparison
Jan 31, 2025