Qualcomm Incorporated (QCOM)
Total asset turnover
| Sep 30, 2024 | Jun 23, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 38,961,000 | 37,348,000 | 36,406,000 | 36,292,000 | 35,820,000 | 38,584,000 | 41,069,000 | 42,958,000 | 44,200,000 | 42,141,000 | 39,265,000 | 36,036,000 | 33,566,000 | 32,576,000 | 29,409,000 | 26,690,000 | 23,532,000 | 20,000,000 | 24,742,000 | 24,508,000 |
| Total assets | US$ in thousands | 55,154,000 | 52,741,000 | 53,167,000 | 52,135,000 | 51,040,000 | 49,002,000 | 48,362,000 | 50,014,000 | 49,014,000 | 47,020,000 | 44,302,000 | 42,820,000 | 41,240,000 | 38,769,000 | 37,168,000 | 37,479,000 | 35,594,000 | 32,328,000 | 31,938,000 | 33,111,000 |
| Total asset turnover | 0.71 | 0.71 | 0.68 | 0.70 | 0.70 | 0.79 | 0.85 | 0.86 | 0.90 | 0.90 | 0.89 | 0.84 | 0.81 | 0.84 | 0.79 | 0.71 | 0.66 | 0.62 | 0.77 | 0.74 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $38,961,000K ÷ $55,154,000K
= 0.71
The total asset turnover ratio reflects Qualcomm Incorporated's ability to generate sales revenue from its total assets. Over the analyzed period, Qualcomm's total asset turnover has fluctuated, ranging from 0.62 to 0.90. A higher total asset turnover ratio generally indicates that the company is more efficient in generating sales from its assets.
The ratio has shown a generally decreasing trend from March 2022 to March 2024, reaching a low of 0.68 in March 2024. This could suggest potential inefficiencies in utilizing assets to generate sales during this period. However, the ratio improved in the subsequent quarters, reaching 0.71 in September 2024.
Despite the fluctuations, the total asset turnover ratios for Qualcomm have generally remained within a relatively stable range, indicating a consistent level of efficiency in utilizing assets to drive sales over the analyzed period. Further analysis of Qualcomm's operational and financial strategies may be necessary to fully assess the implications of these fluctuations in total asset turnover.
Peer comparison
Sep 30, 2024