Adjusted Financial Ratios (Summary)
Adjusted Total Asset Turnover
Adjusted Debt to Equity
Adjusted Debt to Capital
Adjusted Financial Leverage
Adjusted Net Profit Margin
Adjusted Return on Equity (ROE)
Adjusted Return on Assets (ROA)

Broadcom Inc., adjusted financial ratios

	Nov 3, 2024	Oct 29, 2023	Oct 30, 2022	Oct 31, 2021	Nov 1, 2020	Nov 3, 2019
Activity Ratio
Total Asset Turnover
Reported	0.31	0.49	0.45	0.36	0.31	0.33
Adjusted	0.31	0.49	0.45	0.36	0.31	0.33
Solvency Ratios
Debt to Equity
Reported	1.00	1.64	1.74	1.59	1.72	1.32
Adjusted	0.95	1.70	1.81	1.66	1.72	1.26
Debt to Capital
Reported	0.50	0.62	0.64	0.61	0.63	0.57
Adjusted	0.49	0.63	0.64	0.62	0.63	0.56
Financial Leverage
Reported	2.45	3.04	3.23	3.03	3.18	2.71
Adjusted	2.29	3.13	3.31	3.11	3.13	2.57
Profitability Ratios
Net Profit Margin
Reported	11.43%	39.31%	34.62%	24.54%	12.39%	12.05%
Adjusted	16.00%	38.63%	34.68%	20.77%	7.66%	8.90%
Return on Equity (ROE)
Reported	8.71%	58.70%	50.62%	26.99%	12.40%	10.92%
Adjusted	11.40%	59.41%	52.00%	23.46%	7.55%	7.58%
Return on Assets (ROA)
Reported	3.56%	19.33%	15.69%	8.91%	3.90%	4.04%
Adjusted	4.98%	18.99%	15.72%	7.54%	2.41%	2.95%

Based on: 10-K (reporting date: 2024-11-03), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03).

Financial ratio	Description	The company
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	Broadcom Inc. adjusted total asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.
Adjusted debt-to-equity ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total equity.	Broadcom Inc. adjusted debt-to-equity ratio improved from 2022 to 2023 and from 2023 to 2024.
Adjusted debt-to-capital ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity.	Broadcom Inc. adjusted debt-to-capital ratio improved from 2022 to 2023 and from 2023 to 2024.
Adjusted financial leverage	A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity. Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.	Broadcom Inc. adjusted financial leverage ratio decreased from 2022 to 2023 and from 2023 to 2024.
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by total revenue.	Broadcom Inc. adjusted net profit margin ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by adjusted total equity.	Broadcom Inc. adjusted ROE improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by adjusted total assets.	Broadcom Inc. adjusted ROA improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Broadcom Inc., Financial Ratios: Reported vs. Adjusted

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	Nov 3, 2024	Oct 29, 2023	Oct 30, 2022	Oct 31, 2021	Nov 1, 2020	Nov 3, 2019
Reported
Selected Financial Data (US$ in millions)
Net revenue	51,574)	35,819)	33,203)	27,450)	23,888)	22,597)
Total assets	165,645)	72,861)	73,249)	75,570)	75,933)	67,493)
Activity Ratio
Total asset turnover¹	0.31	0.49	0.45	0.36	0.31	0.33
Adjusted
Selected Financial Data (US$ in millions)
Net revenue	51,574)	35,819)	33,203)	27,450)	23,888)	22,597)
Adjusted total assets²	165,645)	72,861)	73,249)	75,570)	75,933)	68,142)
Activity Ratio
Adjusted total asset turnover³	0.31	0.49	0.45	0.36	0.31	0.33

Based on: 10-K (reporting date: 2024-11-03), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03).

¹ 2024 Calculation
Total asset turnover = Net revenue ÷ Total assets
= 51,574 ÷ 165,645 = 0.31

² Adjusted total assets. See details »

³ 2024 Calculation
Adjusted total asset turnover = Net revenue ÷ Adjusted total assets
= 51,574 ÷ 165,645 = 0.31

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Activity ratio	Description	The company
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	Broadcom Inc. adjusted total asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

	Nov 3, 2024	Oct 29, 2023	Oct 30, 2022	Oct 31, 2021	Nov 1, 2020	Nov 3, 2019
Reported
Selected Financial Data (US$ in millions)
Total debt	67,566)	39,229)	39,515)	39,730)	41,062)	32,798)
Stockholders’ equity	67,678)	23,988)	22,709)	24,962)	23,874)	24,941)
Solvency Ratio
Debt to equity¹	1.00	1.64	1.74	1.59	1.72	1.32
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt²	68,916)	39,648)	39,978)	40,273)	41,689)	33,447)
Adjusted stockholders’ equity³	72,338)	23,292)	22,142)	24,298)	24,237)	26,530)
Solvency Ratio
Adjusted debt to equity⁴	0.95	1.70	1.81	1.66	1.72	1.26

Based on: 10-K (reporting date: 2024-11-03), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03).

¹ 2024 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 67,566 ÷ 67,678 = 1.00

² Adjusted total debt. See details »

³ Adjusted stockholders’ equity. See details »

⁴ 2024 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted stockholders’ equity
= 68,916 ÷ 72,338 = 0.95

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Solvency ratio	Description	The company
Adjusted debt-to-equity ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total equity.	Broadcom Inc. adjusted debt-to-equity ratio improved from 2022 to 2023 and from 2023 to 2024.

	Nov 3, 2024	Oct 29, 2023	Oct 30, 2022	Oct 31, 2021	Nov 1, 2020	Nov 3, 2019
Reported
Selected Financial Data (US$ in millions)
Total debt	67,566)	39,229)	39,515)	39,730)	41,062)	32,798)
Total capital	135,244)	63,217)	62,224)	64,692)	64,936)	57,739)
Solvency Ratio
Debt to capital¹	0.50	0.62	0.64	0.61	0.63	0.57
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt²	68,916)	39,648)	39,978)	40,273)	41,689)	33,447)
Adjusted total capital³	141,254)	62,940)	62,120)	64,571)	65,926)	59,977)
Solvency Ratio
Adjusted debt to capital⁴	0.49	0.63	0.64	0.62	0.63	0.56

Based on: 10-K (reporting date: 2024-11-03), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03).

¹ 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 67,566 ÷ 135,244 = 0.50

² Adjusted total debt. See details »

³ Adjusted total capital. See details »

⁴ 2024 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 68,916 ÷ 141,254 = 0.49

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Solvency ratio	Description	The company
Adjusted debt-to-capital ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity.	Broadcom Inc. adjusted debt-to-capital ratio improved from 2022 to 2023 and from 2023 to 2024.

	Nov 3, 2024	Oct 29, 2023	Oct 30, 2022	Oct 31, 2021	Nov 1, 2020	Nov 3, 2019
Reported
Selected Financial Data (US$ in millions)
Total assets	165,645)	72,861)	73,249)	75,570)	75,933)	67,493)
Stockholders’ equity	67,678)	23,988)	22,709)	24,962)	23,874)	24,941)
Solvency Ratio
Financial leverage¹	2.45	3.04	3.23	3.03	3.18	2.71
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total assets²	165,645)	72,861)	73,249)	75,570)	75,933)	68,142)
Adjusted stockholders’ equity³	72,338)	23,292)	22,142)	24,298)	24,237)	26,530)
Solvency Ratio
Adjusted financial leverage⁴	2.29	3.13	3.31	3.11	3.13	2.57

Based on: 10-K (reporting date: 2024-11-03), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03).

¹ 2024 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 165,645 ÷ 67,678 = 2.45

² Adjusted total assets. See details »

³ Adjusted stockholders’ equity. See details »

⁴ 2024 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted stockholders’ equity
= 165,645 ÷ 72,338 = 2.29

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Solvency ratio	Description	The company
Adjusted financial leverage	A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity. Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.	Broadcom Inc. adjusted financial leverage ratio decreased from 2022 to 2023 and from 2023 to 2024.

	Nov 3, 2024	Oct 29, 2023	Oct 30, 2022	Oct 31, 2021	Nov 1, 2020	Nov 3, 2019
Reported
Selected Financial Data (US$ in millions)
Net income	5,895)	14,082)	11,495)	6,736)	2,960)	2,724)
Net revenue	51,574)	35,819)	33,203)	27,450)	23,888)	22,597)
Profitability Ratio
Net profit margin¹	11.43%	39.31%	34.62%	24.54%	12.39%	12.05%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income²	8,250)	13,838)	11,514)	5,701)	1,829)	2,011)
Net revenue	51,574)	35,819)	33,203)	27,450)	23,888)	22,597)
Profitability Ratio
Adjusted net profit margin³	16.00%	38.63%	34.68%	20.77%	7.66%	8.90%

Based on: 10-K (reporting date: 2024-11-03), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03).

¹ 2024 Calculation
Net profit margin = 100 × Net income ÷ Net revenue
= 100 × 5,895 ÷ 51,574 = 11.43%

² Adjusted net income. See details »

³ 2024 Calculation
Adjusted net profit margin = 100 × Adjusted net income ÷ Net revenue
= 100 × 8,250 ÷ 51,574 = 16.00%

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Profitability ratio	Description	The company
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by total revenue.	Broadcom Inc. adjusted net profit margin ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

	Nov 3, 2024	Oct 29, 2023	Oct 30, 2022	Oct 31, 2021	Nov 1, 2020	Nov 3, 2019
Reported
Selected Financial Data (US$ in millions)
Net income	5,895)	14,082)	11,495)	6,736)	2,960)	2,724)
Stockholders’ equity	67,678)	23,988)	22,709)	24,962)	23,874)	24,941)
Profitability Ratio
ROE¹	8.71%	58.70%	50.62%	26.99%	12.40%	10.92%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income²	8,250)	13,838)	11,514)	5,701)	1,829)	2,011)
Adjusted stockholders’ equity³	72,338)	23,292)	22,142)	24,298)	24,237)	26,530)
Profitability Ratio
Adjusted ROE⁴	11.40%	59.41%	52.00%	23.46%	7.55%	7.58%

Based on: 10-K (reporting date: 2024-11-03), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03).

¹ 2024 Calculation
ROE = 100 × Net income ÷ Stockholders’ equity
= 100 × 5,895 ÷ 67,678 = 8.71%

² Adjusted net income. See details »

³ Adjusted stockholders’ equity. See details »

⁴ 2024 Calculation
Adjusted ROE = 100 × Adjusted net income ÷ Adjusted stockholders’ equity
= 100 × 8,250 ÷ 72,338 = 11.40%

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Profitability ratio	Description	The company
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by adjusted total equity.	Broadcom Inc. adjusted ROE improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

	Nov 3, 2024	Oct 29, 2023	Oct 30, 2022	Oct 31, 2021	Nov 1, 2020	Nov 3, 2019
Reported
Selected Financial Data (US$ in millions)
Net income	5,895)	14,082)	11,495)	6,736)	2,960)	2,724)
Total assets	165,645)	72,861)	73,249)	75,570)	75,933)	67,493)
Profitability Ratio
ROA¹	3.56%	19.33%	15.69%	8.91%	3.90%	4.04%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income²	8,250)	13,838)	11,514)	5,701)	1,829)	2,011)
Adjusted total assets³	165,645)	72,861)	73,249)	75,570)	75,933)	68,142)
Profitability Ratio
Adjusted ROA⁴	4.98%	18.99%	15.72%	7.54%	2.41%	2.95%

Based on: 10-K (reporting date: 2024-11-03), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03).

¹ 2024 Calculation
ROA = 100 × Net income ÷ Total assets
= 100 × 5,895 ÷ 165,645 = 3.56%

² Adjusted net income. See details »

³ Adjusted total assets. See details »

⁴ 2024 Calculation
Adjusted ROA = 100 × Adjusted net income ÷ Adjusted total assets
= 100 × 8,250 ÷ 165,645 = 4.98%

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Profitability ratio	Description	The company
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by adjusted total assets.	Broadcom Inc. adjusted ROA improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Broadcom Inc. (NASDAQ:AVGO)

Adjusted Financial Ratios

Adjusted Financial Ratios (Summary)

Broadcom Inc., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Adjusted Debt to Equity

Adjusted Debt to Capital

Adjusted Financial Leverage

Adjusted Net Profit Margin

Adjusted Return on Equity (ROE)

Adjusted Return on Assets (ROA)