Total Asset Turnover
since 2005

International Business Machines Corp., total asset turnover, long-term trends, calculation

	Total asset turnover	=	Revenue¹	÷	Total assets¹
Dec 31, 2023	0.46	=	61,860)	÷	135,241)
Dec 31, 2022	0.48	=	60,530)	÷	127,243)
Dec 31, 2021	0.43	=	57,350)	÷	132,001)
Dec 31, 2020	0.47	=	73,620)	÷	155,971)
Dec 31, 2019	0.51	=	77,147)	÷	152,186)
Dec 31, 2018	0.65	=	79,591)	÷	123,382)
Dec 31, 2017	0.63	=	79,139)	÷	125,356)
Dec 31, 2016	0.68	=	79,919)	÷	117,470)
Dec 31, 2015	0.74	=	81,741)	÷	110,495)
Dec 31, 2014	0.79	=	92,793)	÷	117,532)
Dec 31, 2013	0.79	=	99,751)	÷	126,223)
Dec 31, 2012	0.88	=	104,507)	÷	119,213)
Dec 31, 2011	0.92	=	106,916)	÷	116,433)
Dec 31, 2010	0.88	=	99,870)	÷	113,452)
Dec 31, 2009	0.88	=	95,758)	÷	109,022)
Dec 31, 2008	0.95	=	103,630)	÷	109,524)
Dec 31, 2007	0.82	=	98,786)	÷	120,431)
Dec 31, 2006	0.89	=	91,424)	÷	103,234)
Dec 31, 2005	0.86	=	91,134)	÷	105,748)

¹ US$ in millions

Download chart

International Business Machines Corp., total asset turnover, long-term trends, comparison to competitors

	International Business Machines Corp.	Accenture PLC	Adobe Inc.	Autodesk Inc.	Cadence Design Systems Inc.	CrowdStrike Holdings Inc.	Intuit Inc.	Microsoft Corp.	Oracle Corp.	Palo Alto Networks Inc.	Salesforce Inc.	ServiceNow Inc.	Synopsys Inc.
Dec 31, 2023	0.46	1.25	0.65	0.53	0.72	0.45	0.52	0.51	0.37	0.48	0.32	0.52	0.57
Dec 31, 2022	0.48	1.30	0.65	0.51	0.69	0.40	0.46	0.54	0.39	0.45	0.28	0.54	0.54
Dec 31, 2021	0.43	1.17	0.58	0.52	0.68	0.32	0.62	0.50	0.31	0.42	0.32	0.55	0.48
Dec 31, 2020	0.47	1.20	0.53	0.53	0.68	0.34	0.70	0.47	0.34	0.38	0.31	0.52	0.46
Dec 31, 2019	0.51	1.45	0.54	0.54	0.70	—	1.08	0.44	0.36	0.44	0.43	0.57	0.52
Dec 31, 2018	0.65	1.70	0.48	0.50	0.87	—	1.15	0.43	0.29	0.39	0.50	0.67	0.51
Dec 31, 2017	0.63	1.62	0.50	0.42	0.80	—	1.27	0.37	0.28	0.51	0.48	0.57	0.50
Dec 31, 2016	0.68	1.69	0.46	0.45	0.87	—	1.10	0.44	0.33	0.50	0.52	0.68	0.46
Dec 31, 2015	0.74	1.80	0.41	0.51	0.72	—	0.84	0.53	0.34	0.47	0.50	0.56	0.44
Dec 31, 2014	0.79	1.78	0.38	0.49	0.49	—	0.87	0.50	0.42	0.40	0.44	0.48	0.43
Dec 31, 2013	0.79	1.80	0.39	0.54	0.60	—	0.76	0.55	0.45	0.68	0.55	0.36	0.45
Dec 31, 2012	0.88	1.79	0.44	0.69	0.58	—	0.89	0.61	0.47	0.63	0.54	0.51	0.42
Dec 31, 2011	0.92	1.74	0.47	0.70	0.65	—	0.75	0.64	0.48	—	0.54	—	0.46
Dec 31, 2010	0.88	1.80	0.47	0.70	0.54	—	0.66	0.73	0.44	—	0.53	—	0.42
Dec 31, 2009	0.88	1.89	0.40	0.96	0.60	—	0.66	0.75	0.49	—	0.73	—	0.46
Dec 31, 2008	0.95	2.04	0.61	0.98	0.62	—	0.66	0.83	0.47	—	0.69	—	0.49
Dec 31, 2007	0.82	2.00	0.55	1.02	0.42	—	0.63	0.81	0.52	—	0.75	—	0.46
Dec 31, 2006	0.89	1.94	0.43	1.12	0.43	—	0.85	0.64	0.50	—	0.71	—	0.51
Dec 31, 2005	0.86	1.91	0.81	1.08	0.39	—	0.75	0.56	0.57	—	0.63	—	0.46

Download chart

International Business Machines Corp., total asset turnover, long-term trends, comparison to sector (software & services)

	International Business Machines Corp.	Software & Services
Dec 31, 2023	0.46	0.51
Dec 31, 2022	0.48	0.53
Dec 31, 2021	0.43	0.49
Dec 31, 2020	0.47	0.48
Dec 31, 2019	0.51	0.50
Dec 31, 2018	0.65	0.51
Dec 31, 2017	0.63	0.47
Dec 31, 2016	0.68	0.54
Dec 31, 2015	0.74	0.59
Dec 31, 2014	0.79	0.61
Dec 31, 2013	0.79	0.65
Dec 31, 2012	0.88	0.72
Dec 31, 2011	0.92	0.75
Dec 31, 2010	0.88	0.76
Dec 31, 2009	0.88	0.80
Dec 31, 2008	0.95	0.86
Dec 31, 2007	0.82	0.81
Dec 31, 2006	0.89	0.78
Dec 31, 2005	0.86	0.77

Download chart

International Business Machines Corp., total asset turnover, long-term trends, comparison to industry (information technology)

	International Business Machines Corp.	Information Technology
Dec 31, 2023	0.46	0.59
Dec 31, 2022	0.48	0.63
Dec 31, 2021	0.43	0.61
Dec 31, 2020	0.47	0.57
Dec 31, 2019	0.51	0.58
Dec 31, 2018	0.65	0.59
Dec 31, 2017	0.63	0.51
Dec 31, 2016	0.68	0.55
Dec 31, 2015	0.74	0.63
Dec 31, 2014	0.79	0.64
Dec 31, 2013	0.79	0.65
Dec 31, 2012	0.88	0.70
Dec 31, 2011	0.92	0.73
Dec 31, 2010	0.88	0.72
Dec 31, 2009	0.88	0.70
Dec 31, 2008	0.95	0.79
Dec 31, 2007	0.82	0.76
Dec 31, 2006	0.89	0.75
Dec 31, 2005	0.86	0.77

Download chart

International Business Machines Corp. (NYSE:IBM)