Qorvo Inc (QRVO)
Total asset turnover
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,718,972 | 3,790,486 | 3,948,029 | 4,005,009 | 3,769,502 | 3,461,217 | 3,130,638 | 3,185,208 | 3,569,404 | 4,102,861 | 4,473,540 | 4,570,730 | 4,645,720 | 4,552,290 | 4,533,160 | 4,338,200 | 4,015,301 | 3,730,343 | 3,504,586 | 3,250,994 |
| Total assets | US$ in thousands | 5,933,130 | 5,963,100 | 6,503,080 | 6,447,300 | 6,554,640 | 6,699,390 | 6,718,520 | 6,686,590 | 6,691,900 | 7,076,220 | 7,374,730 | 7,330,520 | 7,509,070 | 7,626,580 | 7,576,460 | 7,271,860 | 7,221,470 | 7,041,380 | 7,824,420 | 6,882,690 |
| Total asset turnover | 0.63 | 0.64 | 0.61 | 0.62 | 0.58 | 0.52 | 0.47 | 0.48 | 0.53 | 0.58 | 0.61 | 0.62 | 0.62 | 0.60 | 0.60 | 0.60 | 0.56 | 0.53 | 0.45 | 0.47 |
March 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,718,972K ÷ $5,933,130K
= 0.63
Qorvo Inc's total asset turnover has shown a fluctuating trend over the period provided, ranging from 0.45 to 0.64. The total asset turnover ratio measures a company's efficiency in generating sales revenue from its assets. A higher total asset turnover indicates that the company is more efficient in utilizing its assets to generate revenue.
In the case of Qorvo Inc, we can observe that the total asset turnover ratio increased steadily from 0.47 on June 30, 2020, reaching its peak at 0.64 on December 31, 2024. This improvement suggests that the company has been more effective in utilizing its assets to drive sales during this period. However, the ratio slightly decreased to 0.63 by March 31, 2025.
It is essential for investors and analysts to monitor the total asset turnover ratio continuously to evaluate the company's operational efficiency and asset utilization. Comparing this ratio with industry benchmarks and historical performance can provide valuable insights into Qorvo Inc's operational effectiveness and financial health.
Peer comparison
Mar 31, 2025