Stock Analysis on Net

Advanced Micro Devices Inc. (NASDAQ:AMD) 

Analysis of Long-term (Investment) Activity Ratios

Microsoft Excel

Long-term Activity Ratios (Summary)

Advanced Micro Devices Inc., long-term (investment) activity ratios

Microsoft Excel
Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
Net fixed asset turnover 14.27 15.60 23.41 15.23 13.46
Net fixed asset turnover (including operating lease, right-of-use asset) 10.21 11.96 15.37 11.50 9.55
Total asset turnover 0.33 0.35 1.32 1.09 1.12
Equity turnover 0.41 0.43 2.19 1.67 2.38

Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Advanced Micro Devices Inc. net fixed asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Advanced Micro Devices Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2021 to 2022 and from 2022 to 2023.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Advanced Micro Devices Inc. total asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Advanced Micro Devices Inc. equity turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Net Fixed Asset Turnover

Advanced Micro Devices Inc., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
Selected Financial Data (US$ in millions)
Net revenue 22,680 23,601 16,434 9,763 6,731
Property and equipment, net 1,589 1,513 702 641 500
Long-term Activity Ratio
Net fixed asset turnover1 14.27 15.60 23.41 15.23 13.46
Benchmarks
Net Fixed Asset Turnover, Competitors2
Analog Devices Inc. 3.82 5.00 3.70 5.00 4.91
Applied Materials Inc. 9.37 11.18 11.93 10.72 9.55
Broadcom Inc. 16.63 14.94 11.69 9.52 8.81
Enphase Energy Inc. 13.62 20.93 16.82 18.02 21.58
Intel Corp. 0.56 0.78 1.25 1.38 1.30
KLA Corp. 10.17 10.84 10.44 11.17 10.18
Lam Research Corp. 9.39 10.46 11.22 9.37 9.12
Micron Technology Inc. 0.41 0.80 0.83 0.69 0.83
NVIDIA Corp. 7.09 9.69 7.76 6.52 8.34
ON Semiconductor Corp. 1.86 2.38 2.65 2.09 2.13
Qualcomm Inc. 7.10 8.55 7.36 6.34 7.88
Texas Instruments Inc. 1.75 2.91 3.57 4.42 4.35
Net Fixed Asset Turnover, Sector
Semiconductors & Semiconductor Equipment 1.67 2.13 2.33 2.13 2.13
Net Fixed Asset Turnover, Industry
Information Technology 3.51 4.14 4.45 4.23 4.28

Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).

1 2023 Calculation
Net fixed asset turnover = Net revenue ÷ Property and equipment, net
= 22,680 ÷ 1,589 = 14.27

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Advanced Micro Devices Inc. net fixed asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

Advanced Micro Devices Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel
Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
Selected Financial Data (US$ in millions)
Net revenue 22,680 23,601 16,434 9,763 6,731
 
Property and equipment, net 1,589 1,513 702 641 500
Operating lease right-of-use assets 633 460 367 208 205
Property and equipment, net (including operating lease, right-of-use asset) 2,222 1,973 1,069 849 705
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 10.21 11.96 15.37 11.50 9.55
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Analog Devices Inc. 3.52 4.51 3.24 4.07 4.91
Applied Materials Inc. 8.28 9.56 10.35 9.27 9.55
Broadcom Inc. 13.69 12.12 9.35 7.71 8.81
Enphase Energy Inc. 12.18 17.56 14.31 12.76 15.99
Intel Corp. 0.56 0.78 1.24 1.36 1.28
KLA Corp. 8.46 9.43 9.03 9.36 10.18
Lam Research Corp. 8.30 9.19 9.90 8.06 9.12
Micron Technology Inc. 0.40 0.78 0.82 0.68 0.83
NVIDIA Corp. 5.57 7.46 5.84 4.76 8.34
ON Semiconductor Corp. 1.76 2.22 2.48 1.98 2.04
Qualcomm Inc. 6.34 7.62 6.62 5.64 7.88
Texas Instruments Inc. 1.66 2.74 3.27 4.03 3.95
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Semiconductors & Semiconductor Equipment 1.62 2.05 2.24 2.05 2.10
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Information Technology 3.09 3.59 3.80 3.60 4.00

Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).

1 2023 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Net revenue ÷ Property and equipment, net (including operating lease, right-of-use asset)
= 22,680 ÷ 2,222 = 10.21

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Advanced Micro Devices Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2021 to 2022 and from 2022 to 2023.

Total Asset Turnover

Advanced Micro Devices Inc., total asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
Selected Financial Data (US$ in millions)
Net revenue 22,680 23,601 16,434 9,763 6,731
Total assets 67,885 67,580 12,419 8,962 6,028
Long-term Activity Ratio
Total asset turnover1 0.33 0.35 1.32 1.09 1.12
Benchmarks
Total Asset Turnover, Competitors2
Analog Devices Inc. 0.25 0.24 0.14 0.26 0.28
Applied Materials Inc. 0.86 0.96 0.89 0.77 0.77
Broadcom Inc. 0.49 0.45 0.36 0.31 0.33
Enphase Energy Inc. 0.68 0.76 0.66 0.65 0.88
Intel Corp. 0.28 0.35 0.47 0.51 0.53
KLA Corp. 0.75 0.73 0.67 0.63 0.51
Lam Research Corp. 0.93 1.00 0.92 0.69 0.80
Micron Technology Inc. 0.24 0.46 0.47 0.40 0.48
NVIDIA Corp. 0.65 0.61 0.58 0.63 0.88
ON Semiconductor Corp. 0.62 0.70 0.70 0.61 0.65
Qualcomm Inc. 0.70 0.90 0.81 0.66 0.74
Texas Instruments Inc. 0.54 0.74 0.74 0.75 0.80
Total Asset Turnover, Sector
Semiconductors & Semiconductor Equipment 0.44 0.50 0.53 0.51 0.55
Total Asset Turnover, Industry
Information Technology 0.59 0.63 0.61 0.57 0.58

Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).

1 2023 Calculation
Total asset turnover = Net revenue ÷ Total assets
= 22,680 ÷ 67,885 = 0.33

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Advanced Micro Devices Inc. total asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Equity Turnover

Advanced Micro Devices Inc., equity turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
Selected Financial Data (US$ in millions)
Net revenue 22,680 23,601 16,434 9,763 6,731
Stockholders’ equity 55,892 54,750 7,497 5,837 2,827
Long-term Activity Ratio
Equity turnover1 0.41 0.43 2.19 1.67 2.38
Benchmarks
Equity Turnover, Competitors2
Analog Devices Inc. 0.35 0.33 0.19 0.47 0.51
Applied Materials Inc. 1.62 2.11 1.88 1.63 1.78
Broadcom Inc. 1.49 1.46 1.10 1.00 0.91
Enphase Energy Inc. 2.33 2.82 3.21 1.60 2.29
Intel Corp. 0.51 0.62 0.83 0.96 0.93
KLA Corp. 3.59 6.57 2.05 2.18 1.72
Lam Research Corp. 2.12 2.74 2.43 1.94 2.07
Micron Technology Inc. 0.35 0.62 0.63 0.55 0.65
NVIDIA Corp. 1.22 1.01 0.99 0.89 1.25
ON Semiconductor Corp. 1.06 1.35 1.47 1.49 1.67
Qualcomm Inc. 1.66 2.45 3.37 3.87 4.94
Texas Instruments Inc. 1.04 1.37 1.38 1.57 1.61
Equity Turnover, Sector
Semiconductors & Semiconductor Equipment 0.79 0.90 1.01 1.07 1.11
Equity Turnover, Industry
Information Technology 1.44 1.61 1.67 1.65 1.65

Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).

1 2023 Calculation
Equity turnover = Net revenue ÷ Stockholders’ equity
= 22,680 ÷ 55,892 = 0.41

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Advanced Micro Devices Inc. equity turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.