NVIDIA Corporation (NVDA)
Total asset turnover
| Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Oct 25, 2020 | Jul 26, 2020 | Apr 26, 2020 | Jan 26, 2020 | Oct 27, 2019 | Jul 28, 2019 | Apr 28, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 60,922,000 | 44,870,000 | 32,681,000 | 25,878,000 | 26,974,000 | 28,566,000 | 29,738,000 | 29,541,000 | 26,914,000 | 24,274,000 | 21,897,000 | 19,256,000 | 16,675,000 | 14,777,000 | 13,065,000 | 11,778,000 | 10,918,000 | 10,018,000 | 10,185,000 | 10,729,000 |
| Total assets | US$ in thousands | 65,728,000 | 54,148,000 | 49,555,000 | 44,460,000 | 41,182,000 | 40,488,000 | 43,476,000 | 45,212,000 | 44,187,000 | 40,632,000 | 38,650,000 | 30,796,000 | 28,791,000 | 26,881,000 | 25,180,000 | 23,254,000 | 17,315,000 | 15,810,000 | 14,775,000 | 14,021,000 |
| Total asset turnover | 0.93 | 0.83 | 0.66 | 0.58 | 0.65 | 0.71 | 0.68 | 0.65 | 0.61 | 0.60 | 0.57 | 0.63 | 0.58 | 0.55 | 0.52 | 0.51 | 0.63 | 0.63 | 0.69 | 0.77 |
January 28, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $60,922,000K ÷ $65,728,000K
= 0.93
The total asset turnover ratio measures a company's ability to generate revenue from its total assets. A higher ratio indicates that the company is more efficient in utilizing its assets to generate sales.
Looking at the data provided for NVIDIA Corp, the total asset turnover ratios have fluctuated during the quarters presented. The trend shows an increase in total asset turnover from Q1 2023 to Q4 2023, followed by a decrease in Q1 2024.
The highest total asset turnover ratio was observed in Q4 2024 at 0.93, implying that NVIDIA was able to generate $0.93 in revenue for every dollar of assets. This suggests improved efficiency in asset utilization compared to previous quarters.
It is worth noting that the fluctuation in total asset turnover ratios could be influenced by various factors such as changes in sales volume, asset base, or operational efficiency. Further analysis of the company's financial performance and operational activities would be needed to better understand the drivers behind these fluctuations.
Peer comparison
Jan 28, 2024