NVIDIA Corporation (NVDA)

Total 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
Total assets	US$ in thousands	111,601,000	96,013,000	85,227,000	77,072,000	65,728,000	65,728,000	54,148,000	54,148,000	49,555,000	49,555,000	44,460,000	41,182,000	41,182,000	40,488,000	40,488,000	43,476,000	45,212,000	45,212,000	44,187,000	44,187,000
Total asset turnover		1.17	1.18	1.18	1.15	1.22	1.09	1.17	0.97	0.81	0.66	0.57	0.58	0.60	0.66	0.72	0.71	0.70	0.68	0.65	0.63

January 31, 2025 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $130,497,000K ÷ $111,601,000K
= 1.17

NVIDIA Corporation's total asset turnover has shown a positive trend over the past few years, indicating the company's ability to efficiently generate revenue relative to its total assets. The ratio has been gradually increasing from 0.63 in January 2022 to 1.17 in January 2025.

The increase in total asset turnover suggests that NVIDIA has been utilizing its assets more effectively to generate sales, reflecting improved operational efficiency and potentially stronger demand for its products or services.

The peak in total asset turnover reached in October 2024 at 1.18 indicates that the company was able to generate $1.18 in revenue for every dollar of assets invested, demonstrating a high level of asset utilization efficiency.

Overall, the upward trend in total asset turnover is a positive indicator of NVIDIA's operational performance and effective resource management.