Apple (AAPL) Asset Utilization Ratio (2009 - 2026)
Apple's Asset Utilization Ratio came in at 1.24 for fiscal Q3 2026 (quarter ended Jun 27, 2026), up 0.4% from 1.23 a year earlier and up 2.9% from the prior quarter.
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Analysis
Apple (AAPL) Asset Utilization Ratio (2009 - 2026) Analysis & Trends
For FY2025 (ended Sep 27, 2025), Apple's Asset Utilization Ratio was 1.15, up 5.4% from FY2024.
- Going back by fiscal year, Asset Utilization Ratio was 1.09 in FY2024 (+0.3%), 1.09 in FY2023 (-3.0%), 1.12 in FY2022 (+3.4%) and 1.08 in FY2021 (+30.8%).
- The fiscal Q3 2026 figure represents the highest quarterly Asset Utilization Ratio in data going back to fiscal Q4 2009.
- Year-over-year, Asset Utilization Ratio has increased for nine consecutive quarters, with growth averaging 4.0% over the last eight quarters.
- The fastest year-over-year change in Asset Utilization Ratio over five years came in fiscal Q4 2021 (growth of 25.5%), and the weakest in fiscal Q2 2024 (a decline of 2.6%).
- Business Quant data shows AAPL's Asset Utilization Ratio at 1.20 (Q2 2026), 1.18 (Q1 2026) and 1.20 (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,863.18 Bn | 4,610.67 Bn | 54.77 Bn | 1.24 |
| 2 | Cisco Systems | 445.19 Bn | 381.12 Bn | 11.06 Bn | 0.50 |
| 3 | Dell Technologies | 353.32 Bn | 309.07 Bn | 9.83 Bn | 1.25 |
| 4 | Arista Networks | 261.04 Bn | 214.50 Bn | 1.91 Bn | 0.46 |
| 5 | Sandisk | 248.81 Bn | 237.33 Bn | 7.58 Bn | 1.02 |
| 6 | Seagate Technology Holdings | 201.18 Bn | 196.18 Bn | 1.90 Bn | 1.29 |
| 7 | Western Digital | 159.43 Bn | 147.56 Bn | 2.03 Bn | 0.89 |
| 8 | Sony | 144.77 Bn | 95.16 Bn | 6.53 Bn | 0.82 |
| 9 | Lumentum Holdings | 96.72 Bn | 88.53 Bn | 477.30 Mn | 0.42 |
| 10 | Hewlett Packard Enterprise | 90.82 Bn | 68.69 Bn | 4.93 Bn | 0.51 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 1.24 |
| Mar 28, 2026 | 1.20 |
| Dec 27, 2025 | 1.18 |
| Sep 27, 2025 | 1.20 |
| Jun 28, 2025 | 1.23 |
| Mar 29, 2025 | 1.19 |
| Dec 28, 2024 | 1.12 |
| Sep 28, 2024 | 1.12 |
| Jun 29, 2024 | 1.15 |
| Mar 30, 2024 | 1.10 |
| Dec 30, 2023 | 1.09 |
| Sep 30, 2023 | 1.11 |
| Jul 1, 2023 | 1.15 |
| Apr 1, 2023 | 1.13 |
| Dec 31, 2022 | 1.11 |
| Sep 24, 2022 | 1.14 |
| Jun 25, 2022 | 1.13 |
| Mar 26, 2022 | 1.05 |
| Dec 25, 2021 | 1.03 |
| Sep 25, 2021 | 1.07 |
API Access
Apple Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=AAPL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "AAPL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=AAPL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();