NXP Semiconductors NV (NXPI)

Total asset turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Dec 31, 2018
Revenue (ttm)	US$ in thousands	13,276,000	13,166,000	13,177,000	13,190,000	13,205,000	12,932,000	12,348,000	11,632,000	11,063,000	10,531,000	9,937,000	9,158,000	8,612,000	8,406,000	8,404,000	8,990,000
Total assets	US$ in thousands	24,353,000	23,996,000	23,795,000	23,732,000	23,236,000	22,940,000	22,539,000	21,321,000	20,864,000	20,010,000	20,622,000	19,392,000	19,847,000	21,122,000	21,057,000	19,511,000	20,016,000	21,254,000	21,530,000
Total asset turnover		0.55	0.55	0.55	0.56	0.57	0.56	0.55	0.55	0.53	0.53	0.48	0.47	0.43	0.40	0.40	0.46

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $13,276,000K ÷ $24,353,000K
= 0.55

The total asset turnover of NXP Semiconductors NV has been relatively stable around the range of 0.55 to 0.57 over the past eight quarters. This ratio indicates that, on average, the company generates revenue of approximately half of its total assets each quarter. A lower total asset turnover may suggest that the company is not effectively utilizing its assets to generate sales, while a higher ratio could indicate efficient asset management. NXP Semiconductors NV's consistent total asset turnover implies a consistent performance in terms of utilizing its assets to generate revenue over the analyzed period.