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 25, 2021 Dec 26, 2020 Dec 28, 2019 Dec 29, 2018 Dec 30, 2017
Net fixed asset turnover 23.41 15.23 13.46 18.61 20.42
Net fixed asset turnover (including operating lease, right-of-use asset) 15.37 11.50 9.55 18.61 20.42
Total asset turnover 1.32 1.09 1.12 1.42 1.51
Equity turnover 2.19 1.67 2.38 5.11 8.72

Based on: 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30).

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 improved from 2019 to 2020 and from 2020 to 2021.
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) improved from 2019 to 2020 and from 2020 to 2021.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Advanced Micro Devices Inc. total asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Advanced Micro Devices Inc. equity turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level.

Net Fixed Asset Turnover

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

Microsoft Excel
Dec 25, 2021 Dec 26, 2020 Dec 28, 2019 Dec 29, 2018 Dec 30, 2017
Selected Financial Data (US$ in millions)
Net revenue 16,434  9,763  6,731  6,475  5,329 
Property and equipment, net 702  641  500  348  261 
Long-term Activity Ratio
Net fixed asset turnover1 23.41 15.23 13.46 18.61 20.42
Benchmarks
Net Fixed Asset Turnover, Competitors2
Analog Devices Inc. 3.70 5.00 4.91 5.37 4.61
Applied Materials Inc. 11.93 10.72 9.55 12.26 13.64
Broadcom Inc. 11.69 9.52 8.81 7.91 6.79
First Solar Inc. 1.10 1.13 1.40 1.28 2.55
Intel Corp. 1.25 1.38 1.30 1.45 1.53
KLA Corp. 10.44 11.17 10.18 14.10 12.25
Lam Research Corp. 11.22 9.37 9.12 12.27 11.69
Micron Technology Inc. 0.83 0.69 0.83 1.28 1.05
NVIDIA Corp. 7.76 6.52 8.34 9.74 13.26
NXP Semiconductors N.V. 4.20 3.77 3.63 3.86 4.03
ON Semiconductor Corp. 2.65 2.09 2.13 2.31 2.43
Qualcomm Inc. 7.36 6.34 7.88 7.64 6.93
Texas Instruments Inc. 3.57 4.42 4.35 4.96 5.62
Net Fixed Asset Turnover, Sector
Semiconductors & Semiconductor Equipment 2.33 2.14 2.15 2.50 2.53
Net Fixed Asset Turnover, Industry
Information Technology 4.54 4.31 4.36 4.62 4.75

Based on: 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30).

1 2021 Calculation
Net fixed asset turnover = Net revenue ÷ Property and equipment, net
= 16,434 ÷ 702 = 23.41

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 improved from 2019 to 2020 and from 2020 to 2021.

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 25, 2021 Dec 26, 2020 Dec 28, 2019 Dec 29, 2018 Dec 30, 2017
Selected Financial Data (US$ in millions)
Net revenue 16,434  9,763  6,731  6,475  5,329 
 
Property and equipment, net 702  641  500  348  261 
Operating lease right-of-use assets 367  208  205  —  — 
Property and equipment, net (including operating lease, right-of-use asset) 1,069  849  705  348  261 
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 15.37 11.50 9.55 18.61 20.42
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Analog Devices Inc. 3.24 4.07 4.91 5.37 4.61
Applied Materials Inc. 10.35 9.27 9.55 12.26 13.64
Broadcom Inc. 9.35 7.71 8.81 7.91 6.79
First Solar Inc. 1.02 1.03 1.32 1.28 2.55
Intel Corp. 1.24 1.36 1.28 1.45 1.53
KLA Corp. 9.03 9.36 10.18 14.10 12.25
Lam Research Corp. 9.90 8.06 9.12 12.27 11.69
Micron Technology Inc. 0.82 0.68 0.83 1.28 1.05
NVIDIA Corp. 5.84 4.76 8.34 9.74 13.26
NXP Semiconductors N.V. 3.87 3.44 3.32 3.86 4.03
ON Semiconductor Corp. 2.48 1.98 2.04 2.31 2.43
Qualcomm Inc. 6.62 5.64 7.88 7.64 6.93
Texas Instruments Inc. 3.27 4.03 3.95 4.96 5.62
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Semiconductors & Semiconductor Equipment 2.24 2.05 2.11 2.50 2.53
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Information Technology 3.88 3.67 4.06 4.47 4.75

Based on: 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30).

1 2021 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)
= 16,434 ÷ 1,069 = 15.37

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) improved from 2019 to 2020 and from 2020 to 2021.

Total Asset Turnover

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

Microsoft Excel
Dec 25, 2021 Dec 26, 2020 Dec 28, 2019 Dec 29, 2018 Dec 30, 2017
Selected Financial Data (US$ in millions)
Net revenue 16,434  9,763  6,731  6,475  5,329 
Total assets 12,419  8,962  6,028  4,556  3,540 
Long-term Activity Ratio
Total asset turnover1 1.32 1.09 1.12 1.42 1.51
Benchmarks
Total Asset Turnover, Competitors2
Analog Devices Inc. 0.14 0.26 0.28 0.30 0.24
Applied Materials Inc. 0.89 0.77 0.77 0.97 0.75
Broadcom Inc. 0.36 0.31 0.33 0.42 0.32
First Solar Inc. 0.39 0.38 0.41 0.32 0.43
Intel Corp. 0.47 0.51 0.53 0.55 0.51
KLA Corp. 0.67 0.63 0.51 0.72 0.63
Lam Research Corp. 0.92 0.69 0.80 0.89 0.66
Micron Technology Inc. 0.47 0.40 0.48 0.70 0.58
NVIDIA Corp. 0.58 0.63 0.88 0.86 0.70
NXP Semiconductors N.V. 0.53 0.43 0.44 0.44 0.38
ON Semiconductor Corp. 0.70 0.61 0.65 0.77 0.77
Qualcomm Inc. 0.81 0.66 0.74 0.70 0.34
Texas Instruments Inc. 0.74 0.75 0.80 0.92 0.85
Total Asset Turnover, Sector
Semiconductors & Semiconductor Equipment 0.53 0.51 0.54 0.61 0.49
Total Asset Turnover, Industry
Information Technology 0.59 0.54 0.56 0.57 0.49

Based on: 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30).

1 2021 Calculation
Total asset turnover = Net revenue ÷ Total assets
= 16,434 ÷ 12,419 = 1.32

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 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Equity Turnover

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

Microsoft Excel
Dec 25, 2021 Dec 26, 2020 Dec 28, 2019 Dec 29, 2018 Dec 30, 2017
Selected Financial Data (US$ in millions)
Net revenue 16,434  9,763  6,731  6,475  5,329 
Stockholders’ equity 7,497  5,837  2,827  1,266  611 
Long-term Activity Ratio
Equity turnover1 2.19 1.67 2.38 5.11 8.72
Benchmarks
Equity Turnover, Competitors2
Analog Devices Inc. 0.19 0.47 0.51 0.56 0.50
Applied Materials Inc. 1.88 1.63 1.78 2.52 1.55
Broadcom Inc. 1.10 1.00 0.91 0.78 0.87
First Solar Inc. 0.49 0.49 0.60 0.43 0.58
Intel Corp. 0.83 0.96 0.93 0.95 0.91
KLA Corp. 2.05 2.18 1.72 2.49 2.62
Lam Research Corp. 2.43 1.94 2.07 1.70 1.18
Micron Technology Inc. 0.63 0.55 0.65 0.94 1.09
NVIDIA Corp. 0.99 0.89 1.25 1.30 1.20
NXP Semiconductors N.V. 1.69 0.96 0.94 0.90 0.68
ON Semiconductor Corp. 1.47 1.49 1.67 1.85 1.99
Qualcomm Inc. 3.37 3.87 4.94 24.50 0.73
Texas Instruments Inc. 1.38 1.57 1.61 1.75 1.45
Equity Turnover, Sector
Semiconductors & Semiconductor Equipment 1.01 1.05 1.09 1.18 0.97
Equity Turnover, Industry
Information Technology 1.60 1.56 1.58 1.55 1.25

Based on: 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30).

1 2021 Calculation
Equity turnover = Net revenue ÷ Stockholders’ equity
= 16,434 ÷ 7,497 = 2.19

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 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level.