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Asset Turnover History Chart
Chart any stock's 10-year asset turnover trend in one view, with a 5-year average reference line and an Asset-Light / Efficient / Moderate / Asset-Heavy verdict. Auto-populates from Yahoo Finance. Pair it with the asset turnover ratio calculator and the inventory turnover history chart.
How to Read the Asset Turnover Trend
Asset turnover measures how much revenue a company generates for every dollar of assets it controls — total revenue divided by total assets. It is one of the three components of the DuPont decomposition of return on equity, alongside net margin and financial leverage. A rising asset turnover means the company is squeezing more revenue from its existing asset base; a falling ratio means either assets are growing faster than revenue, or revenue is shrinking while the asset base holds steady.
The ratio is highly sector-dependent. Retailers and fast-moving consumer goods companies routinely exceed 1.5× because their asset bases are lean relative to the volume of goods they sell. Capital-intensive sectors like utilities, real estate, and heavy industrials often run below 0.5× because they require enormous fixed-asset investments to generate each dollar of revenue. The color coding (green ≥1.5×, blue 0.8–1.5×, amber 0.5–0.8×, red <0.5×) provides a quick read, but the trend direction over time matters most — a gradual rise signals improving efficiency, while a multi-year decline warrants investigation.
Pair this chart with the asset turnover ratio calculator for a single-year deep dive with full sector benchmarks, and with the return on assets calculator to see how efficiency translates into profitability.
Related Tools
Complete the efficiency picture with these related tools:
- Asset Turnover Ratio Calculator — single-year deep dive with sector benchmarks
- Inventory Turnover History Chart — efficiency of inventory specifically, not the full asset base
- Asset Turnover Screener — compare asset efficiency across mid/large-cap stocks by sector
- Return on Assets Calculator — how net income compares to the total asset base
Frequently Asked Questions
What does the asset turnover history chart show?
It plots up to 10 fiscal years of a company's annual asset turnover ratio (total revenue divided by total assets) as colored bars. A rising ratio means the company is generating more revenue per dollar of assets, signaling improving capital efficiency. A falling ratio suggests the asset base is growing faster than sales, which can indicate over-investment, acquisitions, or declining revenue productivity.
What do the bar colors mean?
Bars are colored by the level of the asset turnover ratio. Green bars (≥1.5×) indicate asset-light, highly efficient businesses like software or services companies. Blue bars (0.8–1.5×) indicate efficient capital deployment. Amber bars (0.5–0.8×) indicate moderate asset intensity. Red bars (<0.5×) flag asset-heavy operations typical of utilities, real estate, or capital-intensive industrials.
What is a good asset turnover ratio?
It varies significantly by industry. Retailers and consumer goods companies often run 1.5–2.5× because they turn over assets quickly. Technology and services companies can exceed 0.8–1.5×. Capital-intensive sectors like utilities and real estate typically run 0.2–0.5× because their asset bases are enormous relative to revenue. The key is the trend over time — rising efficiency is more important than an absolute number.
How is asset turnover calculated?
Asset Turnover = Total Revenue ÷ Total Assets, using annual figures from the income statement and balance sheet. This chart uses end-of-year total assets to match how Yahoo Finance reports the data. If either revenue or total assets is missing or zero for a given year, that year is excluded from the chart entirely.
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