Operational efficiency reflects how effectively a company utilizes its assets to generate revenue. Important ratios in this category include asset turnover, inventory turnover, and receivables turnover. Intel's asset turnover ratios have been low for 2020 to 2022, which indicates underutilization. Inventory turnover conveys the rate of sales and replacement of inventory. Inventories of Intel are below the industry average, which could be because of overstocking or a reduction in sales. The receivables turnover ratio measures the efficiency of Intel's customer payments collection. Intel has had a high receivable turnover for the years analyzed, implying no credit policy issues or delayed payments, which would affect cash flow