Qorvo Inc (QRVO)
Total asset turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,718,970 | 3,769,510 | 3,569,400 | 4,645,710 | 4,015,310 |
| Total assets | US$ in thousands | 5,933,130 | 6,554,640 | 6,691,900 | 7,509,070 | 7,221,470 |
| Total asset turnover | 0.63 | 0.58 | 0.53 | 0.62 | 0.56 |
March 31, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,718,970K ÷ $5,933,130K
= 0.63
Total asset turnover measures how efficiently a company utilizes its assets to generate revenue. For Qorvo Inc, the total asset turnover has fluctuated over the past five years, starting at 0.56 in March 31, 2021, increasing to 0.62 by March 31, 2022, dropping to 0.53 by March 31, 2023, before rising again to 0.58 by March 31, 2024, and further improving to 0.63 by March 31, 2025.
A total asset turnover below 1 indicates that the company is not generating enough revenue relative to its total assets. Qorvo Inc's total asset turnover has been below 1 for all the years provided, which could suggest inefficiencies in asset utilization. However, the increasing trend from 2021 to 2025 indicates that the company has been gradually improving its asset utilization efficiency.
Overall, while Qorvo Inc has shown some improvement in its total asset turnover over the years, it may still benefit from further optimizing its asset management strategies to enhance revenue generation from its asset base.
Peer comparison
Mar 31, 2025