NXP Semiconductors NV (NXPI)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 12,614,000 | 13,276,000 | 13,205,000 | 11,063,000 | 8,612,000 |
| Total assets | US$ in thousands | 24,385,000 | 24,353,000 | 23,236,000 | 20,864,000 | 19,847,000 |
| Total asset turnover | 0.52 | 0.55 | 0.57 | 0.53 | 0.43 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $12,614,000K ÷ $24,385,000K
= 0.52
The total asset turnover of NXP Semiconductors NV has been gradually increasing over the years, from 0.43 in December 2020 to 0.52 in December 2024. This indicates that the company is generating more revenue for each dollar of assets it owns. The improvement in total asset turnover suggests that NXP Semiconductors NV is becoming more efficient in utilizing its assets to generate sales. However, the slight dip in 2023 from the peak in 2022 may indicate a temporary slowdown in asset utilization efficiency. Overall, the trend in total asset turnover reflects positively on the company's operational efficiency and effective management of its asset base.
Peer comparison
Dec 31, 2024