NXP Semiconductors NV (NXPI)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 13,276,000 | 13,205,000 | 11,063,000 | 8,612,000 | 8,877,000 |
| Total assets | US$ in thousands | 24,353,000 | 23,236,000 | 20,864,000 | 19,847,000 | 20,016,000 |
| Total asset turnover | 0.55 | 0.57 | 0.53 | 0.43 | 0.44 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $13,276,000K ÷ $24,353,000K
= 0.55
The total asset turnover of NXP Semiconductors NV has shown fluctuating trends over the past five years, ranging from 0.43 to 0.57. In 2023, the total asset turnover decreased to 0.55 from 0.57 in 2022, indicating that the company generated $0.55 in net sales for every $1 of total assets during the year. This suggests a moderate efficiency in utilizing its assets to generate revenues compared to the previous period. The overall trend suggests that the company's ability to generate sales from its assets has been relatively stable, although there have been slight fluctuations over the years. Further analysis and comparison with industry benchmarks may provide additional insights into NXP Semiconductors NV's asset utilization efficiency.
Peer comparison
Dec 31, 2023