Qualcomm Incorporated (QCOM)
Total asset turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 38,962,000 | 35,820,000 | 44,200,000 | 33,566,000 | 23,531,000 |
| Total assets | US$ in thousands | 55,154,000 | 51,040,000 | 49,014,000 | 41,240,000 | 35,594,000 |
| Total asset turnover | 0.71 | 0.70 | 0.90 | 0.81 | 0.66 |
September 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $38,962,000K ÷ $55,154,000K
= 0.71
Qualcomm Incorporated's total asset turnover ratio has fluctuated over the past five years. The ratio was 0.66 in September 2020, increased to 0.81 in September 2021, further increased to 0.90 in September 2022, but then decreased to 0.70 in September 2023, and finally to 0.71 in September 2024.
A total asset turnover ratio of less than 1 indicates that the company is generating less than $1 in revenue for every dollar of assets it owns. Qualcomm's ratios over the period suggest that the company is not very efficient in generating sales revenue from its assets. It's important to note that the interpretation of this ratio should also consider industry benchmarks and company-specific dynamics to provide a more comprehensive analysis.
Peer comparison
Sep 30, 2024