Stock Analysis on Net

NVIDIA Corp. (NASDAQ:NVDA)

Analysis of Long-term (Investment) Activity Ratios
Quarterly Data

Microsoft Excel

Long-term Activity Ratios (Summary)

NVIDIA Corp., long-term (investment) activity ratios (quarterly data)

Microsoft Excel
Jan 26, 2025 Oct 27, 2024 Jul 28, 2024 Apr 28, 2024 Jan 28, 2024 Oct 29, 2023 Jul 30, 2023 Apr 30, 2023 Jan 29, 2023 Oct 30, 2022 Jul 31, 2022 May 1, 2022 Jan 30, 2022 Oct 31, 2021 Aug 1, 2021 May 2, 2021 Jan 31, 2021 Oct 25, 2020 Jul 26, 2020 Apr 26, 2020 Jan 26, 2020 Oct 27, 2019 Jul 28, 2019 Apr 28, 2019
Net fixed asset turnover 20.77 21.20 19.71 19.91 15.57 11.67 8.60 6.92 7.09 7.57 9.20 10.13 9.69 9.67 9.26 8.49 7.76 7.18 6.65 6.87 6.52
Net fixed asset turnover (including operating lease, right-of-use asset) 16.16 15.96 14.95 14.40 11.58 8.70 6.49 5.35 5.57 6.08 7.28 7.83 7.46 7.27 6.92 6.43 5.84 5.39 4.90 5.10 4.76
Total asset turnover 1.17 1.18 1.13 1.04 0.93 0.83 0.66 0.58 0.65 0.71 0.68 0.65 0.61 0.60 0.57 0.63 0.58 0.55 0.52 0.51 0.63
Equity turnover 1.65 1.72 1.66 1.62 1.42 1.35 1.19 1.06 1.22 1.34 1.25 1.12 1.01 1.02 1.04 1.03 0.99 0.96 0.94 0.90 0.89

Based on: 10-K (reporting date: 2025-01-26), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-25), 10-Q (reporting date: 2020-07-26), 10-Q (reporting date: 2020-04-26), 10-K (reporting date: 2020-01-26), 10-Q (reporting date: 2019-10-27), 10-Q (reporting date: 2019-07-28), 10-Q (reporting date: 2019-04-28).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. NVIDIA Corp. net fixed asset turnover ratio improved from Q2 2025 to Q3 2025 but then slightly deteriorated from Q3 2025 to Q4 2025.
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). NVIDIA Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from Q2 2025 to Q3 2025 and from Q3 2025 to Q4 2025.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. NVIDIA Corp. total asset turnover ratio improved from Q2 2025 to Q3 2025 but then slightly deteriorated from Q3 2025 to Q4 2025.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. NVIDIA Corp. equity turnover ratio improved from Q2 2025 to Q3 2025 but then deteriorated significantly from Q3 2025 to Q4 2025.

Net Fixed Asset Turnover

NVIDIA Corp., net fixed asset turnover calculation (quarterly data)

Microsoft Excel
Jan 26, 2025 Oct 27, 2024 Jul 28, 2024 Apr 28, 2024 Jan 28, 2024 Oct 29, 2023 Jul 30, 2023 Apr 30, 2023 Jan 29, 2023 Oct 30, 2022 Jul 31, 2022 May 1, 2022 Jan 30, 2022 Oct 31, 2021 Aug 1, 2021 May 2, 2021 Jan 31, 2021 Oct 25, 2020 Jul 26, 2020 Apr 26, 2020 Jan 26, 2020 Oct 27, 2019 Jul 28, 2019 Apr 28, 2019
Selected Financial Data (US$ in millions)
Revenue 39,331 35,082 30,040 26,044 22,103 18,120 13,507 7,192 6,051 5,931 6,704 8,288 7,643 7,103 6,507 5,661 5,003 4,726 3,866 3,080 3,105 3,014 2,579 2,220
Property and equipment, net 6,283 5,343 4,885 4,006 3,914 3,844 3,799 3,740 3,807 3,774 3,233 2,916 2,778 2,509 2,364 2,268 2,149 2,059 1,964 1,715 1,674 1,517 1,484 1,473
Long-term Activity Ratio
Net fixed asset turnover1 20.77 21.20 19.71 19.91 15.57 11.67 8.60 6.92 7.09 7.57 9.20 10.13 9.69 9.67 9.26 8.49 7.76 7.18 6.65 6.87 6.52
Benchmarks
Net Fixed Asset Turnover, Competitors2
Advanced Micro Devices Inc. 14.31 14.56 13.97 14.04 14.27 14.12 14.20 15.38 15.60 15.36 14.97 13.43 23.41 20.71 19.88 16.77 15.23
Analog Devices Inc. 2.78 2.76 2.86 3.06 3.52 3.82 4.39 4.69 4.98 5.00 5.09 4.66 4.14 3.70 5.54 5.34 5.19 5.00 4.87 4.66 4.77
Applied Materials Inc. 7.76 8.14 8.66 8.96 9.37 9.74 10.19 10.41 10.53 11.18 11.47 11.99 12.25 11.93 11.92 11.21 11.11 10.72 10.63 10.06 9.66
Broadcom Inc. 20.46 17.99 15.97 14.60 16.63 16.26 15.86 15.63 14.94 14.08 13.26 12.38 11.69 11.19 10.58 9.89 9.52 9.04 8.74 8.66
Intel Corp. 0.49 0.52 0.53 0.55 0.56 0.57 0.59 0.66 0.78 0.92 1.02 1.16 1.25 1.31 1.33 1.36 1.38
KLA Corp. 9.24 9.17 8.84 8.68 8.88 9.59 10.17 10.80 10.87 10.79 10.84 10.69 11.39 10.68 10.44 10.27 10.22 10.56 11.17 11.26 10.77 10.29
Lam Research Corp. 7.01 7.04 6.92 6.53 6.67 7.50 9.39 10.16 10.22 10.47 10.46 10.72 10.99 11.48 11.22 10.37 9.87 9.75 9.37 9.17 9.12 9.21
Micron Technology Inc. 0.70 0.63 0.56 0.49 0.43 0.41 0.47 0.59 0.69 0.80 0.88 0.86 0.84 0.83 0.79 0.74 0.68 0.69 0.67 0.66 0.70
Monolithic Power Systems Inc. 4.46 4.67 4.73 4.87 4.94 5.10 5.40 5.27 5.02 4.87 4.20 3.60 3.33 3.25 3.13 3.13 3.00
Qualcomm Inc. 9.12 8.35 7.87 7.71 7.40 7.10 7.40 7.78 8.24 8.55 8.36 8.02 7.63 7.36 7.36 7.03 6.62 6.34 5.74 7.37 7.73
Texas Instruments Inc. 1.38 1.33 1.44 1.61 1.75 1.94 2.21 2.54 2.91 3.11 3.30 3.49 3.57 4.37 4.56 4.49 4.42

Based on: 10-K (reporting date: 2025-01-26), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-25), 10-Q (reporting date: 2020-07-26), 10-Q (reporting date: 2020-04-26), 10-K (reporting date: 2020-01-26), 10-Q (reporting date: 2019-10-27), 10-Q (reporting date: 2019-07-28), 10-Q (reporting date: 2019-04-28).

1 Q4 2025 Calculation
Net fixed asset turnover = (RevenueQ4 2025 + RevenueQ3 2025 + RevenueQ2 2025 + RevenueQ1 2025) ÷ Property and equipment, net
= (39,331 + 35,082 + 30,040 + 26,044) ÷ 6,283 = 20.77

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. NVIDIA Corp. net fixed asset turnover ratio improved from Q2 2025 to Q3 2025 but then slightly deteriorated from Q3 2025 to Q4 2025.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

NVIDIA Corp., net fixed asset turnover (including operating lease, right-of-use asset) calculation (quarterly data)

Microsoft Excel
Jan 26, 2025 Oct 27, 2024 Jul 28, 2024 Apr 28, 2024 Jan 28, 2024 Oct 29, 2023 Jul 30, 2023 Apr 30, 2023 Jan 29, 2023 Oct 30, 2022 Jul 31, 2022 May 1, 2022 Jan 30, 2022 Oct 31, 2021 Aug 1, 2021 May 2, 2021 Jan 31, 2021 Oct 25, 2020 Jul 26, 2020 Apr 26, 2020 Jan 26, 2020 Oct 27, 2019 Jul 28, 2019 Apr 28, 2019
Selected Financial Data (US$ in millions)
Revenue 39,331 35,082 30,040 26,044 22,103 18,120 13,507 7,192 6,051 5,931 6,704 8,288 7,643 7,103 6,507 5,661 5,003 4,726 3,866 3,080 3,105 3,014 2,579 2,220
 
Property and equipment, net 6,283 5,343 4,885 4,006 3,914 3,844 3,799 3,740 3,807 3,774 3,233 2,916 2,778 2,509 2,364 2,268 2,149 2,059 1,964 1,715 1,674 1,517 1,484 1,473
Operating lease assets 1,793 1,755 1,556 1,532 1,346 1,316 1,235 1,094 1,038 927 852 856 829 830 801 727 707 681 701 595 618 527 535 536
Property and equipment, net (including operating lease, right-of-use asset) 8,076 7,098 6,441 5,538 5,260 5,160 5,034 4,834 4,845 4,701 4,085 3,772 3,607 3,339 3,165 2,995 2,856 2,740 2,665 2,310 2,292 2,044 2,019 2,009
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 16.16 15.96 14.95 14.40 11.58 8.70 6.49 5.35 5.57 6.08 7.28 7.83 7.46 7.27 6.92 6.43 5.84 5.39 4.90 5.10 4.76
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Advanced Micro Devices Inc. 10.63 10.49 10.12 10.11 10.21 10.67 10.93 11.85 11.96 11.55 11.22 10.36 15.37 14.84 14.53 12.39 11.50
Micron Technology Inc. 0.69 0.62 0.55 0.48 0.42 0.40 0.46 0.58 0.68 0.78 0.87 0.85 0.83 0.82 0.78 0.72 0.67 0.68 0.66 0.65 0.69

Based on: 10-K (reporting date: 2025-01-26), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-25), 10-Q (reporting date: 2020-07-26), 10-Q (reporting date: 2020-04-26), 10-K (reporting date: 2020-01-26), 10-Q (reporting date: 2019-10-27), 10-Q (reporting date: 2019-07-28), 10-Q (reporting date: 2019-04-28).

1 Q4 2025 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = (RevenueQ4 2025 + RevenueQ3 2025 + RevenueQ2 2025 + RevenueQ1 2025) ÷ Property and equipment, net (including operating lease, right-of-use asset)
= (39,331 + 35,082 + 30,040 + 26,044) ÷ 8,076 = 16.16

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). NVIDIA Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from Q2 2025 to Q3 2025 and from Q3 2025 to Q4 2025.

Total Asset Turnover

NVIDIA Corp., total asset turnover calculation (quarterly data)

Microsoft Excel
Jan 26, 2025 Oct 27, 2024 Jul 28, 2024 Apr 28, 2024 Jan 28, 2024 Oct 29, 2023 Jul 30, 2023 Apr 30, 2023 Jan 29, 2023 Oct 30, 2022 Jul 31, 2022 May 1, 2022 Jan 30, 2022 Oct 31, 2021 Aug 1, 2021 May 2, 2021 Jan 31, 2021 Oct 25, 2020 Jul 26, 2020 Apr 26, 2020 Jan 26, 2020 Oct 27, 2019 Jul 28, 2019 Apr 28, 2019
Selected Financial Data (US$ in millions)
Revenue 39,331 35,082 30,040 26,044 22,103 18,120 13,507 7,192 6,051 5,931 6,704 8,288 7,643 7,103 6,507 5,661 5,003 4,726 3,866 3,080 3,105 3,014 2,579 2,220
Total assets 111,601 96,013 85,227 77,072 65,728 54,148 49,555 44,460 41,182 40,488 43,476 45,212 44,187 40,632 38,650 30,796 28,791 26,881 25,180 23,254 17,315 15,810 14,775 14,021
Long-term Activity Ratio
Total asset turnover1 1.17 1.18 1.13 1.04 0.93 0.83 0.66 0.58 0.65 0.71 0.68 0.65 0.61 0.60 0.57 0.63 0.58 0.55 0.52 0.51 0.63
Benchmarks
Total Asset Turnover, Competitors2
Advanced Micro Devices Inc. 0.37 0.35 0.34 0.34 0.33 0.33 0.32 0.34 0.35 0.34 0.32 0.28 1.32 1.33 1.25 1.14 1.09
Analog Devices Inc. 0.19 0.20 0.20 0.21 0.24 0.25 0.26 0.26 0.25 0.24 0.22 0.19 0.16 0.14 0.30 0.29 0.27 0.26 0.26 0.26 0.27
Applied Materials Inc. 0.83 0.79 0.80 0.83 0.84 0.86 0.87 0.92 0.94 0.96 0.96 0.98 0.95 0.89 0.88 0.82 0.78 0.77 0.77 0.71 0.76
Broadcom Inc. 0.31 0.28 0.24 0.22 0.49 0.50 0.49 0.47 0.45 0.44 0.42 0.39 0.36 0.35 0.34 0.32 0.31 0.29 0.28 0.28
Intel Corp. 0.27 0.28 0.27 0.29 0.28 0.28 0.29 0.30 0.35 0.40 0.43 0.44 0.47 0.47 0.50 0.52 0.51
KLA Corp. 0.72 0.65 0.64 0.64 0.68 0.72 0.75 0.78 0.76 0.75 0.73 0.72 0.70 0.67 0.67 0.65 0.62 0.64 0.63 0.63 0.57 0.53
Lam Research Corp. 0.82 0.80 0.80 0.78 0.76 0.85 0.93 0.98 0.99 0.96 1.00 1.01 0.99 1.01 0.92 0.87 0.78 0.73 0.69 0.74 0.80 0.77
Micron Technology Inc. 0.41 0.36 0.32 0.28 0.25 0.24 0.28 0.35 0.40 0.46 0.50 0.49 0.48 0.47 0.46 0.43 0.41 0.40 0.39 0.39 0.42
Monolithic Power Systems Inc. 0.61 0.71 0.72 0.71 0.75 0.78 0.83 0.84 0.87 0.87 0.84 0.78 0.76 0.74 0.76 0.71 0.70
Qualcomm Inc. 0.73 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
Texas Instruments Inc. 0.44 0.44 0.46 0.48 0.54 0.57 0.61 0.67 0.74 0.77 0.79 0.75 0.74 0.76 0.81 0.79 0.75

Based on: 10-K (reporting date: 2025-01-26), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-25), 10-Q (reporting date: 2020-07-26), 10-Q (reporting date: 2020-04-26), 10-K (reporting date: 2020-01-26), 10-Q (reporting date: 2019-10-27), 10-Q (reporting date: 2019-07-28), 10-Q (reporting date: 2019-04-28).

1 Q4 2025 Calculation
Total asset turnover = (RevenueQ4 2025 + RevenueQ3 2025 + RevenueQ2 2025 + RevenueQ1 2025) ÷ Total assets
= (39,331 + 35,082 + 30,040 + 26,044) ÷ 111,601 = 1.17

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. NVIDIA Corp. total asset turnover ratio improved from Q2 2025 to Q3 2025 but then slightly deteriorated from Q3 2025 to Q4 2025.

Equity Turnover

NVIDIA Corp., equity turnover calculation (quarterly data)

Microsoft Excel
Jan 26, 2025 Oct 27, 2024 Jul 28, 2024 Apr 28, 2024 Jan 28, 2024 Oct 29, 2023 Jul 30, 2023 Apr 30, 2023 Jan 29, 2023 Oct 30, 2022 Jul 31, 2022 May 1, 2022 Jan 30, 2022 Oct 31, 2021 Aug 1, 2021 May 2, 2021 Jan 31, 2021 Oct 25, 2020 Jul 26, 2020 Apr 26, 2020 Jan 26, 2020 Oct 27, 2019 Jul 28, 2019 Apr 28, 2019
Selected Financial Data (US$ in millions)
Revenue 39,331 35,082 30,040 26,044 22,103 18,120 13,507 7,192 6,051 5,931 6,704 8,288 7,643 7,103 6,507 5,661 5,003 4,726 3,866 3,080 3,105 3,014 2,579 2,220
Shareholders’ equity 79,327 65,899 58,157 49,142 42,978 33,265 27,501 24,520 22,101 21,349 23,851 26,320 26,612 23,798 21,147 18,774 16,893 15,334 13,914 13,099 12,204 11,214 10,336 9,704
Long-term Activity Ratio
Equity turnover1 1.65 1.72 1.66 1.62 1.42 1.35 1.19 1.06 1.22 1.34 1.25 1.12 1.01 1.02 1.04 1.03 0.99 0.96 0.94 0.90 0.89
Benchmarks
Equity Turnover, Competitors2
Advanced Micro Devices Inc. 0.45 0.43 0.41 0.41 0.41 0.40 0.40 0.42 0.43 0.42 0.39 0.34 2.19 2.08 1.89 1.76 1.67
Analog Devices Inc. 0.27 0.27 0.28 0.30 0.33 0.35 0.36 0.36 0.34 0.33 0.30 0.26 0.23 0.19 0.53 0.51 0.48 0.47 0.47 0.48 0.49
Applied Materials Inc. 1.48 1.43 1.43 1.46 1.52 1.62 1.76 1.89 1.96 2.11 2.08 2.14 2.03 1.88 1.79 1.65 1.59 1.63 1.70 1.71 1.73
Broadcom Inc. 0.76 0.71 0.61 0.55 1.49 1.61 1.59 1.48 1.46 1.52 1.43 1.24 1.10 1.09 1.07 1.03 1.00 0.98 0.96 0.93
Intel Corp. 0.53 0.55 0.48 0.52 0.51 0.52 0.53 0.58 0.62 0.70 0.73 0.75 0.83 0.87 0.91 0.97 0.96
KLA Corp. 3.03 2.88 2.91 3.10 3.18 3.40 3.59 3.96 4.03 4.69 6.57 2.12 2.02 1.93 2.05 2.07 2.07 2.16 2.18 2.43 1.98 1.84
Lam Research Corp. 1.84 1.84 1.75 1.78 1.74 1.97 2.12 2.24 2.29 2.43 2.74 2.78 2.55 2.71 2.43 2.47 2.17 2.04 1.94 2.12 2.18 1.92
Micron Technology Inc. 0.62 0.56 0.48 0.42 0.38 0.35 0.40 0.49 0.55 0.62 0.66 0.65 0.65 0.63 0.60 0.58 0.55 0.55 0.54 0.53 0.57
Monolithic Power Systems Inc. 0.70 0.87 0.86 0.86 0.89 0.94 1.00 1.05 1.08 1.09 1.05 1.00 0.97 0.95 0.96 0.91 0.87
Qualcomm Inc. 1.51 1.48 1.51 1.49 1.57 1.66 1.87 2.08 2.28 2.45 2.63 2.95 3.18 3.37 3.98 3.96 3.62 3.87 6.05 8.13 5.43
Texas Instruments Inc. 0.93 0.91 0.93 0.99 1.04 1.09 1.18 1.28 1.37 1.39 1.39 1.35 1.38 1.45 1.50 1.52 1.57

Based on: 10-K (reporting date: 2025-01-26), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-25), 10-Q (reporting date: 2020-07-26), 10-Q (reporting date: 2020-04-26), 10-K (reporting date: 2020-01-26), 10-Q (reporting date: 2019-10-27), 10-Q (reporting date: 2019-07-28), 10-Q (reporting date: 2019-04-28).

1 Q4 2025 Calculation
Equity turnover = (RevenueQ4 2025 + RevenueQ3 2025 + RevenueQ2 2025 + RevenueQ1 2025) ÷ Shareholders’ equity
= (39,331 + 35,082 + 30,040 + 26,044) ÷ 79,327 = 1.65

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. NVIDIA Corp. equity turnover ratio improved from Q2 2025 to Q3 2025 but then deteriorated significantly from Q3 2025 to Q4 2025.