Stock Analysis on Net

Texas Instruments Inc. (NASDAQ:TXN)

$24.99

Total Asset Turnover
since 2005

Microsoft Excel

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Calculation

Texas Instruments Inc., total asset turnover, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions


The total asset turnover ratio for the period examined demonstrates considerable fluctuation. Initially, the ratio exhibited an increasing trend from 2005 to 2007, followed by a period of relative stability and then a notable decline. More recently, the ratio has shown some recovery, but remains below historical highs.

Initial Increasing Trend (2005-2007)
From 2005 to 2007, the total asset turnover ratio increased from 0.89 to 1.09. This indicates improving efficiency in utilizing assets to generate revenue during this period. The company was generating more revenue per dollar of assets held.
Period of Stability and Decline (2007-2012)
Following 2007, the ratio experienced a decline, reaching 0.64 in 2012. While there was a slight increase in 2008 to 1.05, the subsequent years show a consistent downward trend. This suggests a decreasing ability to generate sales from its asset base. The increase in total assets outpaced the growth in revenue during this timeframe.
Fluctuation and Recent Trends (2012-2025)
From 2012 through 2018, the ratio fluctuated between 0.64 and 0.92, indicating inconsistent asset utilization. A peak of 0.92 was reached in 2018, but this was followed by a decline to 0.74 in 2020 and 2021. The most recent years, 2022 through 2025, show a further decline to 0.44 in 2023, a slight recovery to 0.51 in 2025, but overall remain at the lower end of the observed range. This suggests a significant decrease in the efficiency of asset utilization in recent periods.
Long-Term Perspective
Comparing the beginning and end of the period, the total asset turnover ratio has decreased substantially from 0.89 in 2005 to 0.51 in 2025. This indicates a long-term trend of decreasing efficiency in asset utilization. The company is now generating less revenue for each dollar of assets it holds compared to the earlier part of the analyzed period.

The observed fluctuations and the overall downward trend in the total asset turnover ratio warrant further investigation to understand the underlying causes. Factors such as changes in industry dynamics, asset management strategies, and revenue generation methods could be contributing to these trends.


Comparison to Competitors

Texas Instruments Inc., total asset turnover, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Semiconductors & Semiconductor Equipment)

Texas Instruments Inc., total asset turnover, long-term trends, comparison to sector (semiconductors & semiconductor equipment)

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Industry (Information Technology)

Texas Instruments Inc., total asset turnover, long-term trends, comparison to industry (information technology)

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).