Analysis of Long-term (Investment) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Dell Technologies Inc., long-term (investment) activity ratios (quarterly data)
Based on: 10-Q (reporting date: 2024-11-01), 10-Q (reporting date: 2024-08-02), 10-Q (reporting date: 2024-05-03), 10-K (reporting date: 2024-02-02), 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Dell Technologies Inc. net fixed asset turnover ratio improved from Q1 2025 to Q2 2025 and from Q2 2025 to Q3 2025. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Dell Technologies Inc. total asset turnover ratio deteriorated from Q1 2025 to Q2 2025 but then improved from Q2 2025 to Q3 2025 exceeding Q1 2025 level. |
Net Fixed Asset Turnover
Dell Technologies Inc., net fixed asset turnover calculation (quarterly data)
| Nov 1, 2024 | Aug 2, 2024 | May 3, 2024 | Feb 2, 2024 | Nov 3, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Net revenue | 24,366) | 25,026) | 22,244) | 22,318) | 22,251) | 22,934) | 20,922) | 25,039) | 24,721) | 26,425) | 26,116) | 27,992) | 26,424) | 24,191) | 22,590) | 26,112) | 23,482) | 22,733) | 21,897) | 24,032) | 22,844) | 23,370) | 21,908) | |||||||
| Property, plant, and equipment, net | 6,327) | 6,300) | 6,237) | 6,432) | 6,222) | 6,252) | 6,261) | 6,209) | 5,847) | 5,772) | 5,516) | 5,415) | 6,925) | 6,661) | 6,557) | 6,431) | 6,344) | 6,380) | 6,100) | 6,055) | 5,787) | 5,568) | 5,505) | |||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||||||
| Net fixed asset turnover1 | 14.85 | 14.58 | 14.39 | 13.75 | 14.65 | 14.97 | 15.51 | 16.48 | 18.00 | 18.53 | 18.99 | 18.69 | 14.34 | 14.47 | 14.48 | 14.65 | 14.52 | 14.34 | 15.11 | 15.22 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||||||||||||||||||||||||||
| Apple Inc. | — | — | 8.59 | 8.56 | 8.66 | 8.76 | 8.83 | 8.77 | 8.82 | 8.87 | 9.02 | 9.36 | 9.61 | 9.82 | 9.64 | 9.28 | 8.99 | 8.61 | 7.75 | 7.47 | 7.67 | 7.47 | 7.23 | |||||||
| Arista Networks Inc. | — | — | — | — | 71.08 | 65.55 | 62.08 | 57.69 | 54.54 | 51.74 | 49.98 | 46.11 | 40.75 | 38.14 | 36.13 | 37.49 | 36.78 | 81.23 | 75.84 | 71.90 | 68.00 | 64.39 | 61.85 | |||||||
| Cisco Systems Inc. | — | — | 25.44 | 25.74 | 27.68 | 28.55 | 28.96 | 27.34 | 26.82 | 27.07 | 26.52 | 25.82 | 25.21 | 24.09 | 22.69 | 21.31 | 20.64 | 20.13 | 19.93 | 20.10 | 19.95 | 19.67 | 19.48 | |||||||
| Super Micro Computer Inc. | — | — | — | — | 30.65 | 31.14 | 25.34 | 24.54 | 22.67 | 22.98 | 20.69 | 18.17 | 16.40 | 14.88 | 13.47 | 12.95 | 12.74 | 12.77 | 13.65 | 14.28 | 14.31 | 14.82 | 15.67 | |||||||
Based on: 10-Q (reporting date: 2024-11-01), 10-Q (reporting date: 2024-08-02), 10-Q (reporting date: 2024-05-03), 10-K (reporting date: 2024-02-02), 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03).
1 Q3 2025 Calculation
Net fixed asset turnover
= (Net revenueQ3 2025
+ Net revenueQ2 2025
+ Net revenueQ1 2025
+ Net revenueQ4 2024)
÷ Property, plant, and equipment, net
= (24,366 + 25,026 + 22,244 + 22,318)
÷ 6,327 = 14.85
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. | Dell Technologies Inc. net fixed asset turnover ratio improved from Q1 2025 to Q2 2025 and from Q2 2025 to Q3 2025. |
Total Asset Turnover
Dell Technologies Inc., total asset turnover calculation (quarterly data)
| Nov 1, 2024 | Aug 2, 2024 | May 3, 2024 | Feb 2, 2024 | Nov 3, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Net revenue | 24,366) | 25,026) | 22,244) | 22,318) | 22,251) | 22,934) | 20,922) | 25,039) | 24,721) | 26,425) | 26,116) | 27,992) | 26,424) | 24,191) | 22,590) | 26,112) | 23,482) | 22,733) | 21,897) | 24,032) | 22,844) | 23,370) | 21,908) | |||||||
| Total assets | 81,951) | 82,687) | 80,190) | 82,089) | 83,264) | 85,658) | 84,094) | 89,611) | 85,172) | 88,775) | 88,406) | 92,735) | 135,677) | 122,678) | 121,752) | 123,415) | 118,948) | 121,276) | 120,236) | 118,861) | 116,814) | 115,520) | 109,892) | |||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||||||
| Total asset turnover1 | 1.15 | 1.11 | 1.12 | 1.08 | 1.09 | 1.09 | 1.15 | 1.14 | 1.24 | 1.20 | 1.18 | 1.09 | 0.73 | 0.79 | 0.78 | 0.76 | 0.77 | 0.75 | 0.77 | 0.78 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Total Asset Turnover, Competitors2 | ||||||||||||||||||||||||||||||
| Apple Inc. | — | — | 1.15 | 1.07 | 1.16 | 1.13 | 1.09 | 1.09 | 1.15 | 1.16 | 1.12 | 1.12 | 1.15 | 1.10 | 0.99 | 1.04 | 1.05 | 0.97 | 0.83 | 0.85 | 0.86 | 0.84 | 0.79 | |||||||
| Arista Networks Inc. | — | — | — | — | 0.51 | 0.54 | 0.58 | 0.59 | 0.62 | 0.64 | 0.64 | 0.65 | 0.64 | 0.60 | 0.52 | 0.51 | 0.51 | 0.50 | 0.50 | 0.49 | 0.50 | 0.52 | 0.57 | |||||||
| Cisco Systems Inc. | — | — | 0.43 | 0.43 | 0.45 | 0.57 | 0.59 | 0.56 | 0.56 | 0.55 | 0.56 | 0.55 | 0.56 | 0.55 | 0.53 | 0.51 | 0.52 | 0.50 | 0.51 | 0.52 | 0.55 | 0.57 | 0.56 | |||||||
| Super Micro Computer Inc. | — | — | — | — | 1.33 | 1.71 | 1.80 | 1.94 | 2.06 | 2.16 | 1.82 | 1.62 | 1.51 | 1.56 | 1.58 | 1.59 | 1.69 | 1.72 | 1.82 | 1.74 | 1.68 | 1.81 | 1.96 | |||||||
Based on: 10-Q (reporting date: 2024-11-01), 10-Q (reporting date: 2024-08-02), 10-Q (reporting date: 2024-05-03), 10-K (reporting date: 2024-02-02), 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03).
1 Q3 2025 Calculation
Total asset turnover
= (Net revenueQ3 2025
+ Net revenueQ2 2025
+ Net revenueQ1 2025
+ Net revenueQ4 2024)
÷ Total assets
= (24,366 + 25,026 + 22,244 + 22,318)
÷ 81,951 = 1.15
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. | Dell Technologies Inc. total asset turnover ratio deteriorated from Q1 2025 to Q2 2025 but then improved from Q2 2025 to Q3 2025 exceeding Q1 2025 level. |
Equity Turnover
Dell Technologies Inc., equity turnover calculation (quarterly data)
| Nov 1, 2024 | Aug 2, 2024 | May 3, 2024 | Feb 2, 2024 | Nov 3, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Net revenue | 24,366) | 25,026) | 22,244) | 22,318) | 22,251) | 22,934) | 20,922) | 25,039) | 24,721) | 26,425) | 26,116) | 27,992) | 26,424) | 24,191) | 22,590) | 26,112) | 23,482) | 22,733) | 21,897) | 24,032) | 22,844) | 23,370) | 21,908) | |||||||
| Total Dell Technologies Inc. stockholders’ equity (deficit) | (2,285) | (2,894) | (2,822) | (2,404) | (2,664) | (2,772) | (3,023) | (3,122) | (3,469) | (2,860) | (2,462) | (1,685) | 8,954) | 4,825) | 3,487) | 2,479) | 883) | (419) | (1,614) | (1,574) | (1,804) | (2,449) | (6,464) | |||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||||||
| Equity turnover1 | — | — | — | — | — | — | — | — | — | — | — | — | 11.09 | 19.97 | 27.22 | 38.01 | 104.35 | — | — | — | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Equity Turnover, Competitors2 | ||||||||||||||||||||||||||||||
| Apple Inc. | — | — | 5.93 | 6.87 | 5.78 | 5.14 | 5.21 | 6.17 | 6.37 | 6.20 | 6.83 | 7.78 | 6.67 | 5.73 | 5.26 | 5.80 | 5.40 | 4.70 | 4.44 | 4.20 | 3.79 | 3.42 | 2.99 | |||||||
| Arista Networks Inc. | — | — | — | — | 0.72 | 0.75 | 0.77 | 0.81 | 0.86 | 0.90 | 0.91 | 0.90 | 0.90 | 0.87 | 0.76 | 0.74 | 0.72 | 0.71 | 0.71 | 0.70 | 0.72 | 0.75 | 0.82 | |||||||
| Cisco Systems Inc. | — | — | 1.17 | 1.18 | 1.21 | 1.24 | 1.28 | 1.29 | 1.30 | 1.28 | 1.30 | 1.30 | 1.28 | 1.31 | 1.19 | 1.21 | 1.21 | 1.23 | 1.26 | 1.30 | 1.42 | 1.45 | 1.51 | |||||||
| Super Micro Computer Inc. | — | — | — | — | 2.32 | 3.01 | 3.41 | 3.61 | 3.72 | 3.65 | 3.70 | 3.64 | 3.63 | 3.51 | 3.38 | 3.25 | 3.21 | 3.06 | 3.08 | 3.13 | 3.18 | 3.26 | 3.43 | |||||||
Based on: 10-Q (reporting date: 2024-11-01), 10-Q (reporting date: 2024-08-02), 10-Q (reporting date: 2024-05-03), 10-K (reporting date: 2024-02-02), 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03).
1 Q3 2025 Calculation
Equity turnover
= (Net revenueQ3 2025
+ Net revenueQ2 2025
+ Net revenueQ1 2025
+ Net revenueQ4 2024)
÷ Total Dell Technologies Inc. stockholders’ equity (deficit)
= (24,366 + 25,026 + 22,244 + 22,318)
÷ -2,285 = —
2 Click competitor name to see calculations.