Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Advanced Micro Devices Inc. (NASDAQ:AMD)

Adjusted Financial Ratios

Advanced level

Adjusted Financial Ratios (Summary)

Advanced Micro Devices Inc., adjusted financial ratios

Microsoft Excel LibreOffice Calc
Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016 Dec 26, 2015
Activity Ratio
Total Asset Turnover
Reported 1.12 1.42 1.51 1.29 1.28
Adjusted 1.12 1.34 1.41 1.20 1.20
Liquidity Ratio
Current Ratio
Reported 1.95 1.78 1.76 1.88 1.65
Adjusted 1.95 1.79 1.83 2.07 1.83
Solvency Ratios
Debt to Equity
Reported 0.17 0.99 2.28 3.45
Adjusted 0.26 1.16 2.34 3.12
Debt to Capital
Reported 0.15 0.50 0.70 0.78 1.22
Adjusted 0.20 0.54 0.70 0.76 1.14
Financial Leverage
Reported 2.13 3.60 5.79 7.98
Adjusted 2.12 3.72 5.48 6.52
Profitability Ratios
Net Profit Margin
Reported 5.07% 5.20% 0.81% -11.63% -16.54%
Adjusted 4.98% 3.87% -0.59% -10.39% -17.80%
Return on Equity (ROE)
Reported 12.06% 26.62% 7.04% -119.47%
Adjusted 11.82% 19.28% -4.57% -80.98%
Return on Assets (ROA)
Reported 5.66% 7.40% 1.21% -14.97% -21.23%
Adjusted 5.58% 5.19% -0.83% -12.42% -21.44%

Based on: 10-K (filing date: 2020-02-04), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-18).

Financial ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Advanced Micro Devices Inc.’s adjusted total asset turnover ratio deteriorated from 2017 to 2018 and from 2018 to 2019.
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Advanced Micro Devices Inc.’s adjusted current ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 exceeding 2017 level.
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Advanced Micro Devices Inc.’s adjusted debt-to-equity ratio improved from 2017 to 2018 and from 2018 to 2019.
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Advanced Micro Devices Inc.’s adjusted debt-to-capital ratio improved from 2017 to 2018 and from 2018 to 2019.
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.
Advanced Micro Devices Inc.’s adjusted financial leverage ratio decreased from 2017 to 2018 and from 2018 to 2019.
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Advanced Micro Devices Inc.’s adjusted net profit margin ratio improved from 2017 to 2018 and from 2018 to 2019.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Advanced Micro Devices Inc.’s adjusted ROE improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Advanced Micro Devices Inc.’s adjusted ROA improved from 2017 to 2018 and from 2018 to 2019.

Advanced Micro Devices Inc., Financial Ratios: Reported vs. Adjusted


Adjusted Total Asset Turnover

Microsoft Excel LibreOffice Calc
Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016 Dec 26, 2015
Reported
Selected Financial Data (US$ in millions)
Net revenue 6,731  6,475  5,329  4,272  3,991 
Total assets 6,028  4,556  3,540  3,321  3,109 
Activity Ratio
Total asset turnover1 1.12 1.42 1.51 1.29 1.28
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net revenue2 6,722  6,401  5,260  4,302  3,955 
Adjusted total assets3 6,006  4,783  3,718  3,598  3,283 
Activity Ratio
Adjusted total asset turnover4 1.12 1.34 1.41 1.20 1.20

Based on: 10-K (filing date: 2020-02-04), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-18).

1 2019 Calculation
Total asset turnover = Net revenue ÷ Total assets
= 6,731 ÷ 6,028 = 1.12

2 Adjusted net revenue. See details »

3 Adjusted total assets. See details »

4 2019 Calculation
Adjusted total asset turnover = Adjusted net revenue ÷ Adjusted total assets
= 6,722 ÷ 6,006 = 1.12

Activity ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Advanced Micro Devices Inc.’s adjusted total asset turnover ratio deteriorated from 2017 to 2018 and from 2018 to 2019.

Adjusted Current Ratio

Microsoft Excel LibreOffice Calc
Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016 Dec 26, 2015
Reported
Selected Financial Data (US$ in millions)
Current assets 4,597  3,540  2,622  2,530  2,320 
Current liabilities 2,359  1,984  1,486  1,346  1,403 
Liquidity Ratio
Current ratio1 1.95 1.78 1.76 1.88 1.65
Adjusted
Selected Financial Data (US$ in millions)
Adjusted current assets2 4,597  3,540  2,622  2,530  2,312 
Adjusted current liabilities3 2,357  1,973  1,431  1,222  1,263 
Liquidity Ratio
Adjusted current ratio4 1.95 1.79 1.83 2.07 1.83

Based on: 10-K (filing date: 2020-02-04), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-18).

1 2019 Calculation
Current ratio = Current assets ÷ Current liabilities
= 4,597 ÷ 2,359 = 1.95

2 Adjusted current assets. See details »

3 Adjusted current liabilities. See details »

4 2019 Calculation
Adjusted current ratio = Adjusted current assets ÷ Adjusted current liabilities
= 4,597 ÷ 2,357 = 1.95

Liquidity ratio Description The company
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Advanced Micro Devices Inc.’s adjusted current ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 exceeding 2017 level.

Adjusted Debt to Equity

Microsoft Excel LibreOffice Calc
Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016 Dec 26, 2015
Reported
Selected Financial Data (US$ in millions)
Total debt 486  1,250  1,395  1,435  2,262 
Stockholders’ equity (deficit) 2,827  1,266  611  416  (412)
Solvency Ratio
Debt to equity1 0.17 0.99 2.28 3.45
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 728  1,492  1,584  1,723  2,492 
Adjusted stockholders’ equity (deficit)3 2,833  1,286  678  552  (313)
Solvency Ratio
Adjusted debt to equity4 0.26 1.16 2.34 3.12

Based on: 10-K (filing date: 2020-02-04), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-18).

1 2019 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity (deficit)
= 486 ÷ 2,827 = 0.17

2 Adjusted total debt. See details »

3 Adjusted stockholders’ equity (deficit). See details »

4 2019 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted stockholders’ equity (deficit)
= 728 ÷ 2,833 = 0.26

Solvency ratio Description The company
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Advanced Micro Devices Inc.’s adjusted debt-to-equity ratio improved from 2017 to 2018 and from 2018 to 2019.

Adjusted Debt to Capital

Microsoft Excel LibreOffice Calc
Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016 Dec 26, 2015
Reported
Selected Financial Data (US$ in millions)
Total debt 486  1,250  1,395  1,435  2,262 
Total capital 3,313  2,516  2,006  1,851  1,850 
Solvency Ratio
Debt to capital1 0.15 0.50 0.70 0.78 1.22
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 728  1,492  1,584  1,723  2,492 
Adjusted total capital3 3,561  2,778  2,262  2,275  2,179 
Solvency Ratio
Adjusted debt to capital4 0.20 0.54 0.70 0.76 1.14

Based on: 10-K (filing date: 2020-02-04), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-18).

1 2019 Calculation
Debt to capital = Total debt ÷ Total capital
= 486 ÷ 3,313 = 0.15

2 Adjusted total debt. See details »

3 Adjusted total capital. See details »

4 2019 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 728 ÷ 3,561 = 0.20

Solvency ratio Description The company
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Advanced Micro Devices Inc.’s adjusted debt-to-capital ratio improved from 2017 to 2018 and from 2018 to 2019.

Adjusted Financial Leverage

Microsoft Excel LibreOffice Calc
Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016 Dec 26, 2015
Reported
Selected Financial Data (US$ in millions)
Total assets 6,028  4,556  3,540  3,321  3,109 
Stockholders’ equity (deficit) 2,827  1,266  611  416  (412)
Solvency Ratio
Financial leverage1 2.13 3.60 5.79 7.98
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total assets2 6,006  4,783  3,718  3,598  3,283 
Adjusted stockholders’ equity (deficit)3 2,833  1,286  678  552  (313)
Solvency Ratio
Adjusted financial leverage4 2.12 3.72 5.48 6.52

Based on: 10-K (filing date: 2020-02-04), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-18).

1 2019 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity (deficit)
= 6,028 ÷ 2,827 = 2.13

2 Adjusted total assets. See details »

3 Adjusted stockholders’ equity (deficit). See details »

4 2019 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted stockholders’ equity (deficit)
= 6,006 ÷ 2,833 = 2.12

Solvency ratio Description The company
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.
Advanced Micro Devices Inc.’s adjusted financial leverage ratio decreased from 2017 to 2018 and from 2018 to 2019.

Adjusted Net Profit Margin

Microsoft Excel LibreOffice Calc
Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016 Dec 26, 2015
Reported
Selected Financial Data (US$ in millions)
Net income (loss) 341  337  43  (497) (660)
Net revenue 6,731  6,475  5,329  4,272  3,991 
Profitability Ratio
Net profit margin1 5.07% 5.20% 0.81% -11.63% -16.54%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss)2 335  248  (31) (447) (704)
Adjusted net revenue3 6,722  6,401  5,260  4,302  3,955 
Profitability Ratio
Adjusted net profit margin4 4.98% 3.87% -0.59% -10.39% -17.80%

Based on: 10-K (filing date: 2020-02-04), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-18).

1 2019 Calculation
Net profit margin = 100 × Net income (loss) ÷ Net revenue
= 100 × 341 ÷ 6,731 = 5.07%

2 Adjusted net income (loss). See details »

3 Adjusted net revenue. See details »

4 2019 Calculation
Adjusted net profit margin = 100 × Adjusted net income (loss) ÷ Adjusted net revenue
= 100 × 335 ÷ 6,722 = 4.98%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Advanced Micro Devices Inc.’s adjusted net profit margin ratio improved from 2017 to 2018 and from 2018 to 2019.

Adjusted Return on Equity (ROE)

Microsoft Excel LibreOffice Calc
Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016 Dec 26, 2015
Reported
Selected Financial Data (US$ in millions)
Net income (loss) 341  337  43  (497) (660)
Stockholders’ equity (deficit) 2,827  1,266  611  416  (412)
Profitability Ratio
ROE1 12.06% 26.62% 7.04% -119.47%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss)2 335  248  (31) (447) (704)
Adjusted stockholders’ equity (deficit)3 2,833  1,286  678  552  (313)
Profitability Ratio
Adjusted ROE4 11.82% 19.28% -4.57% -80.98%

Based on: 10-K (filing date: 2020-02-04), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-18).

1 2019 Calculation
ROE = 100 × Net income (loss) ÷ Stockholders’ equity (deficit)
= 100 × 341 ÷ 2,827 = 12.06%

2 Adjusted net income (loss). See details »

3 Adjusted stockholders’ equity (deficit). See details »

4 2019 Calculation
Adjusted ROE = 100 × Adjusted net income (loss) ÷ Adjusted stockholders’ equity (deficit)
= 100 × 335 ÷ 2,833 = 11.82%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Advanced Micro Devices Inc.’s adjusted ROE improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.

Adjusted Return on Assets (ROA)

Microsoft Excel LibreOffice Calc
Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016 Dec 26, 2015
Reported
Selected Financial Data (US$ in millions)
Net income (loss) 341  337  43  (497) (660)
Total assets 6,028  4,556  3,540  3,321  3,109 
Profitability Ratio
ROA1 5.66% 7.40% 1.21% -14.97% -21.23%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss)2 335  248  (31) (447) (704)
Adjusted total assets3 6,006  4,783  3,718  3,598  3,283 
Profitability Ratio
Adjusted ROA4 5.58% 5.19% -0.83% -12.42% -21.44%

Based on: 10-K (filing date: 2020-02-04), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-18).

1 2019 Calculation
ROA = 100 × Net income (loss) ÷ Total assets
= 100 × 341 ÷ 6,028 = 5.66%

2 Adjusted net income (loss). See details »

3 Adjusted total assets. See details »

4 2019 Calculation
Adjusted ROA = 100 × Adjusted net income (loss) ÷ Adjusted total assets
= 100 × 335 ÷ 6,006 = 5.58%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Advanced Micro Devices Inc.’s adjusted ROA improved from 2017 to 2018 and from 2018 to 2019.