Analysis of Long-term (Investment) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Advanced Micro Devices Inc., long-term (investment) activity ratios (quarterly data)
Based on: 10-Q (reporting date: 2025-06-28), 10-Q (reporting date: 2025-03-29), 10-K (reporting date: 2024-12-28), 10-Q (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-24), 10-Q (reporting date: 2022-06-25), 10-Q (reporting date: 2022-03-26), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28).
The analysis of the quarterly financial ratios over the presented periods reveals several notable trends and fluctuations in the turnover metrics.
- Net Fixed Asset Turnover
- This ratio first appears in the data in March 2021 with a value of 15.23 and shows an increasing trend, peaking at 23.41 by March 2022. Following this peak, there is a significant decrease to 13.43 in June 2022. Subsequent quarters exhibit relative stability with values fluctuating narrowly between 13.91 and 15.6. The overall trend after the initial rise and peak suggests a normalization to a lower level without further substantial growth or decline.
- Total Asset Turnover
- The total asset turnover ratio increases from 1.09 in March 2021 to a high of 1.33 in December 2021. Subsequently, there is a sharp decline to 0.28 in March 2022. After this drop, the ratio gradually recovers with modest incremental improvements each quarter, reaching 0.40 by June 2025. This pattern indicates an initial strengthening followed by a steep reduction and a slow recovery over time. However, the post-drop figures remain significantly lower than pre-drop levels.
- Equity Turnover
- The equity turnover ratio follows a similar trajectory to the total asset turnover. Starting at 1.67 in March 2021, it rises to 2.19 by December 2021—a period of steady improvement. Then it abruptly falls to 0.34 in March 2022. From there, it experiences a steady upward trend, increasing to 0.50 by June 2025. Despite this recovery trend, the values after the decline remain well below the peak levels observed at the end of 2021.
In summary, all three turnover ratios exhibit an initial upward trend through the end of 2021, followed by a pronounced decline starting in early 2022. After the decline, there is a pattern of gradual recovery, though the turnover ratios, particularly total asset and equity turnover, do not return to the high levels seen prior to the downturn within the observed period. The net fixed asset turnover shows more stability after the initial decline with less pronounced recovery movements. These trends may reflect changes in asset utilization efficiency and equity management during these periods.
Net Fixed Asset Turnover
Advanced Micro Devices Inc., net fixed asset turnover calculation (quarterly data)
| Jun 28, 2025 | Mar 29, 2025 | Dec 28, 2024 | Sep 28, 2024 | Jun 29, 2024 | Mar 30, 2024 | Dec 30, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Sep 24, 2022 | Jun 25, 2022 | Mar 26, 2022 | Dec 25, 2021 | Sep 25, 2021 | Jun 26, 2021 | Mar 27, 2021 | Dec 26, 2020 | Sep 26, 2020 | Jun 27, 2020 | Mar 28, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Net revenue | 7,685) | 7,438) | 7,658) | 6,819) | 5,835) | 5,473) | 6,168) | 5,800) | 5,359) | 5,353) | 5,599) | 5,565) | 6,550) | 5,887) | 4,826) | 4,313) | 3,850) | 3,445) | 3,244) | 2,801) | 1,932) | 1,786) | |||||||
| Property and equipment, net | 2,128) | 1,921) | 1,802) | 1,669) | 1,666) | 1,624) | 1,589) | 1,566) | 1,541) | 1,500) | 1,513) | 1,486) | 1,441) | 1,406) | 702) | 717) | 671) | 681) | 641) | 595) | 585) | 540) | |||||||
| Long-term Activity Ratio | |||||||||||||||||||||||||||||
| Net fixed asset turnover1 | 13.91 | 14.45 | 14.31 | 14.56 | 13.97 | 14.04 | 14.27 | 14.12 | 14.20 | 15.38 | 15.60 | 15.36 | 14.97 | 13.43 | 23.41 | 20.71 | 19.88 | 16.77 | 15.23 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||||||||||||||||||||||||
| Analog Devices Inc. | 2.94 | 2.78 | 2.76 | 2.86 | 3.06 | 3.52 | 3.82 | 4.39 | 4.69 | 4.98 | 5.00 | 5.09 | 4.66 | 4.14 | 3.70 | 5.54 | 5.34 | 5.19 | 5.00 | 4.87 | 4.66 | 4.77 | |||||||
| Applied Materials Inc. | 7.33 | 7.76 | 8.14 | 8.66 | 8.96 | 9.37 | 9.74 | 10.19 | 10.41 | 10.53 | 11.18 | 11.47 | 11.99 | 12.25 | 11.93 | 11.92 | 11.21 | 11.11 | 10.72 | 10.63 | 10.06 | 9.66 | |||||||
| Broadcom Inc. | 23.17 | 22.12 | 20.46 | 17.99 | 15.97 | 14.60 | 16.63 | 16.26 | 15.86 | 15.63 | 14.94 | 14.08 | 13.26 | 12.38 | 11.69 | 11.19 | 10.58 | 9.89 | 9.52 | 9.04 | 8.74 | 8.66 | |||||||
| Intel Corp. | 0.48 | 0.48 | 0.49 | 0.52 | 0.53 | 0.55 | 0.56 | 0.57 | 0.59 | 0.66 | 0.78 | 0.92 | 1.02 | 1.16 | 1.25 | 1.31 | 1.33 | 1.36 | 1.38 | — | — | — | |||||||
| KLA Corp. | 9.24 | 9.17 | 8.84 | 8.68 | 8.88 | 9.59 | 10.17 | 10.80 | 10.87 | 10.79 | 10.84 | 10.69 | 11.39 | 10.68 | 10.44 | 10.27 | 10.22 | 10.56 | 11.17 | — | — | — | |||||||
| Lam Research Corp. | 7.01 | 7.04 | 6.92 | 6.53 | 6.67 | 7.50 | 9.39 | 10.16 | 10.22 | 10.47 | 10.46 | 10.72 | 10.99 | 11.48 | 11.22 | 10.37 | 9.87 | 9.75 | 9.37 | — | — | — | |||||||
| Micron Technology Inc. | 0.74 | 0.70 | 0.63 | 0.56 | 0.49 | 0.43 | 0.41 | 0.47 | 0.59 | 0.69 | 0.80 | 0.88 | 0.86 | 0.84 | 0.83 | 0.79 | 0.74 | 0.68 | 0.69 | 0.67 | 0.66 | 0.70 | |||||||
| NVIDIA Corp. | 19.71 | 19.91 | 15.57 | 11.67 | 8.60 | 6.92 | 7.09 | 7.57 | 9.20 | 10.13 | 9.69 | 9.67 | 9.26 | 8.49 | 7.76 | 7.18 | 6.65 | 6.87 | 6.52 | — | — | — | |||||||
| Qualcomm Inc. | 9.59 | 9.12 | 8.35 | 7.87 | 7.71 | 7.40 | 7.10 | 7.40 | 7.78 | 8.24 | 8.55 | 8.36 | 8.02 | 7.63 | 7.36 | 7.36 | 7.03 | 6.62 | 6.34 | 5.74 | 7.37 | 7.73 | |||||||
| Texas Instruments Inc. | 1.35 | 1.36 | 1.38 | 1.33 | 1.44 | 1.61 | 1.75 | 1.94 | 2.21 | 2.54 | 2.91 | 3.11 | 3.30 | 3.49 | 3.57 | 4.37 | 4.56 | 4.49 | 4.42 | — | — | — | |||||||
Based on: 10-Q (reporting date: 2025-06-28), 10-Q (reporting date: 2025-03-29), 10-K (reporting date: 2024-12-28), 10-Q (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-24), 10-Q (reporting date: 2022-06-25), 10-Q (reporting date: 2022-03-26), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28).
1 Q2 2025 Calculation
Net fixed asset turnover
= (Net revenueQ2 2025
+ Net revenueQ1 2025
+ Net revenueQ4 2024
+ Net revenueQ3 2024)
÷ Property and equipment, net
= (7,685 + 7,438 + 7,658 + 6,819)
÷ 2,128 = 13.91
2 Click competitor name to see calculations.
- Net Revenue
-
Net revenue exhibited a general upward trend from March 2020 through June 2024, increasing from approximately 1.79 billion USD to 7.66 billion USD. The growth was particularly pronounced during the periods from June 2020 to June 2022, with revenue rising from 1.93 billion USD to a peak of 6.55 billion USD in June 2022. However, from June 2022 onward, the revenue showed some fluctuations, with declines observed in September 2022 and December 2022 quarters before a recovery resumed in subsequent quarters. The highest recorded net revenue occurred in June 2024 at 7.66 billion USD. The pattern suggests cyclical volatility within an overall growth trajectory over the observed quarters.
- Property and Equipment, Net
-
The net value of property and equipment demonstrated steady growth over the reported periods. Starting at 540 million USD in March 2020, the asset base gradually increased, with notable acceleration from September 2021 onward. The most significant growth occurred between December 2021 and June 2024, where assets nearly tripled from approximately 702 million USD to over 1.92 billion USD. This increase indicates intensified capital investment or asset acquisitions during this timeframe, supporting expansion or operational enhancements.
- Net Fixed Asset Turnover Ratio
-
Data for net fixed asset turnover is available starting from December 2020. The ratio exhibited an increasing trend initially, rising from approximately 15.23 to a peak of 23.41 in December 2021, suggesting improved efficiency in generating revenue from fixed assets. Post-December 2021, the ratio declined sharply to around 13.43 by March 2022 and then stabilized with marginal fluctuations, maintaining levels around 13.9 to 15.6 through December 2023. The sharp decline coinciding with the period of rapid asset growth observed in property and equipment suggests that asset expansion outpaced revenue generation efficiencies during that interval. The later stabilization indicates a return to consistent operational utilization of fixed assets.
Total Asset Turnover
Advanced Micro Devices Inc., total asset turnover calculation (quarterly data)
| Jun 28, 2025 | Mar 29, 2025 | Dec 28, 2024 | Sep 28, 2024 | Jun 29, 2024 | Mar 30, 2024 | Dec 30, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Sep 24, 2022 | Jun 25, 2022 | Mar 26, 2022 | Dec 25, 2021 | Sep 25, 2021 | Jun 26, 2021 | Mar 27, 2021 | Dec 26, 2020 | Sep 26, 2020 | Jun 27, 2020 | Mar 28, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Net revenue | 7,685) | 7,438) | 7,658) | 6,819) | 5,835) | 5,473) | 6,168) | 5,800) | 5,359) | 5,353) | 5,599) | 5,565) | 6,550) | 5,887) | 4,826) | 4,313) | 3,850) | 3,445) | 3,244) | 2,801) | 1,932) | 1,786) | |||||||
| Total assets | 74,820) | 71,550) | 69,226) | 69,636) | 67,886) | 67,895) | 67,885) | 67,626) | 67,967) | 67,634) | 67,580) | 67,811) | 67,502) | 66,915) | 12,419) | 11,153) | 10,691) | 10,047) | 8,962) | 7,023) | 6,583) | 5,864) | |||||||
| Long-term Activity Ratio | |||||||||||||||||||||||||||||
| Total asset turnover1 | 0.40 | 0.39 | 0.37 | 0.35 | 0.34 | 0.34 | 0.33 | 0.33 | 0.32 | 0.34 | 0.35 | 0.34 | 0.32 | 0.28 | 1.32 | 1.33 | 1.25 | 1.14 | 1.09 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Total Asset Turnover, Competitors2 | |||||||||||||||||||||||||||||
| Analog Devices Inc. | 0.21 | 0.19 | 0.20 | 0.20 | 0.21 | 0.24 | 0.25 | 0.26 | 0.26 | 0.25 | 0.24 | 0.22 | 0.19 | 0.16 | 0.14 | 0.30 | 0.29 | 0.27 | 0.26 | 0.26 | 0.26 | 0.27 | |||||||
| Applied Materials Inc. | 0.84 | 0.83 | 0.79 | 0.80 | 0.83 | 0.84 | 0.86 | 0.87 | 0.92 | 0.94 | 0.96 | 0.96 | 0.98 | 0.95 | 0.89 | 0.88 | 0.82 | 0.78 | 0.77 | 0.77 | 0.71 | 0.76 | |||||||
| Broadcom Inc. | 0.35 | 0.33 | 0.31 | 0.28 | 0.24 | 0.22 | 0.49 | 0.50 | 0.49 | 0.47 | 0.45 | 0.44 | 0.42 | 0.39 | 0.36 | 0.35 | 0.34 | 0.32 | 0.31 | 0.29 | 0.28 | 0.28 | |||||||
| Intel Corp. | 0.28 | 0.28 | 0.27 | 0.28 | 0.27 | 0.29 | 0.28 | 0.28 | 0.29 | 0.30 | 0.35 | 0.40 | 0.43 | 0.44 | 0.47 | 0.47 | 0.50 | 0.52 | 0.51 | — | — | — | |||||||
| KLA Corp. | 0.72 | 0.65 | 0.64 | 0.64 | 0.68 | 0.72 | 0.75 | 0.78 | 0.76 | 0.75 | 0.73 | 0.72 | 0.70 | 0.67 | 0.67 | 0.65 | 0.62 | 0.64 | 0.63 | — | — | — | |||||||
| Lam Research Corp. | 0.82 | 0.80 | 0.80 | 0.78 | 0.76 | 0.85 | 0.93 | 0.98 | 0.99 | 0.96 | 1.00 | 1.01 | 0.99 | 1.01 | 0.92 | 0.87 | 0.78 | 0.73 | 0.69 | — | — | — | |||||||
| Micron Technology Inc. | 0.43 | 0.41 | 0.36 | 0.32 | 0.28 | 0.25 | 0.24 | 0.28 | 0.35 | 0.40 | 0.46 | 0.50 | 0.49 | 0.48 | 0.47 | 0.46 | 0.43 | 0.41 | 0.40 | 0.39 | 0.39 | 0.42 | |||||||
| NVIDIA Corp. | 1.13 | 1.04 | 0.93 | 0.83 | 0.66 | 0.58 | 0.65 | 0.71 | 0.68 | 0.65 | 0.61 | 0.60 | 0.57 | 0.63 | 0.58 | 0.55 | 0.52 | 0.51 | 0.63 | — | — | — | |||||||
| Qualcomm Inc. | 0.76 | 0.73 | 0.71 | 0.71 | 0.68 | 0.70 | 0.70 | 0.79 | 0.85 | 0.86 | 0.90 | 0.90 | 0.89 | 0.84 | 0.81 | 0.84 | 0.79 | 0.71 | 0.66 | 0.62 | 0.77 | 0.74 | |||||||
| Texas Instruments Inc. | 0.48 | 0.48 | 0.44 | 0.44 | 0.46 | 0.48 | 0.54 | 0.57 | 0.61 | 0.67 | 0.74 | 0.77 | 0.79 | 0.75 | 0.74 | 0.76 | 0.81 | 0.79 | 0.75 | — | — | — | |||||||
Based on: 10-Q (reporting date: 2025-06-28), 10-Q (reporting date: 2025-03-29), 10-K (reporting date: 2024-12-28), 10-Q (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-24), 10-Q (reporting date: 2022-06-25), 10-Q (reporting date: 2022-03-26), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28).
1 Q2 2025 Calculation
Total asset turnover
= (Net revenueQ2 2025
+ Net revenueQ1 2025
+ Net revenueQ4 2024
+ Net revenueQ3 2024)
÷ Total assets
= (7,685 + 7,438 + 7,658 + 6,819)
÷ 74,820 = 0.40
2 Click competitor name to see calculations.
The quarterly financial data indicates several notable trends in key financial metrics over the observed periods.
- Net Revenue
- Net revenue showed a generally upward trajectory, beginning at $1,786 million in March 2020 and increasing to $7,685 million by June 2025. There were fluctuations within this overall growth pattern; for example, revenue peaked at $6,550 million in June 2022 but then decreased to $5,599 million in December 2022 before resuming growth. The last few quarters illustrate strong increases, peaking above $7,600 million in the middle of 2025. This suggests an expanding business with some quarters experiencing variability in sales performance.
- Total Assets
- Total assets grew substantially throughout the periods, starting at $5,864 million in March 2020 and reaching $74,820 million by June 2025. There was a pronounced jump in asset values between December 2021 and March 2022, where total assets increased from approximately $12,419 million to $66,915 million, representing a significant asset acquisition or revaluation event. Subsequent quarters saw relatively stable asset levels, hovering around $67,000 to over $74,000 million, indicating periods of consolidation or steady investment levels after the large increase.
- Total Asset Turnover
- Total asset turnover ratios reflect the efficiency of asset utilization in generating revenue. Initially, the ratio increased from 1.09 in September 2020 to a high of 1.33 by December 2021, highlighting improved efficiency in asset use. Following the substantial asset increase, the turnover ratio dropped markedly to 0.28 in March 2022, which corresponds with the asset base growth diluting this efficiency measure. After this decline, the turnover ratio gradually improved to 0.40 by June 2025, implying a recovery in revenue generation relative to asset size, although it remains significantly lower than pre-expansion levels.
In summary, the company’s financial data reveals strong net revenue growth supported by a dramatic increase in total assets. The sharp asset base expansion impacted asset turnover negatively but was subsequently followed by gradual operational efficiency recovery. These dynamics point to a phase of significant investment or acquisition, with ongoing efforts to optimize asset deployment reflected in improving turnover ratios.
Equity Turnover
Advanced Micro Devices Inc., equity turnover calculation (quarterly data)
| Jun 28, 2025 | Mar 29, 2025 | Dec 28, 2024 | Sep 28, 2024 | Jun 29, 2024 | Mar 30, 2024 | Dec 30, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Sep 24, 2022 | Jun 25, 2022 | Mar 26, 2022 | Dec 25, 2021 | Sep 25, 2021 | Jun 26, 2021 | Mar 27, 2021 | Dec 26, 2020 | Sep 26, 2020 | Jun 27, 2020 | Mar 28, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Net revenue | 7,685) | 7,438) | 7,658) | 6,819) | 5,835) | 5,473) | 6,168) | 5,800) | 5,359) | 5,353) | 5,599) | 5,565) | 6,550) | 5,887) | 4,826) | 4,313) | 3,850) | 3,445) | 3,244) | 2,801) | 1,932) | 1,786) | |||||||
| Stockholders’ equity | 59,665) | 57,881) | 57,568) | 56,985) | 56,538) | 56,198) | 55,892) | 54,970) | 55,136) | 54,694) | 54,750) | 54,542) | 55,169) | 55,333) | 7,497) | 7,136) | 7,065) | 6,477) | 5,837) | 3,867) | 3,305) | 3,037) | |||||||
| Long-term Activity Ratio | |||||||||||||||||||||||||||||
| Equity turnover1 | 0.50 | 0.48 | 0.45 | 0.43 | 0.41 | 0.41 | 0.41 | 0.40 | 0.40 | 0.42 | 0.43 | 0.42 | 0.39 | 0.34 | 2.19 | 2.08 | 1.89 | 1.76 | 1.67 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Equity Turnover, Competitors2 | |||||||||||||||||||||||||||||
| Analog Devices Inc. | 0.28 | 0.27 | 0.27 | 0.28 | 0.30 | 0.33 | 0.35 | 0.36 | 0.36 | 0.34 | 0.33 | 0.30 | 0.26 | 0.23 | 0.19 | 0.53 | 0.51 | 0.48 | 0.47 | 0.47 | 0.48 | 0.49 | |||||||
| Applied Materials Inc. | 1.48 | 1.48 | 1.43 | 1.43 | 1.46 | 1.52 | 1.62 | 1.76 | 1.89 | 1.96 | 2.11 | 2.08 | 2.14 | 2.03 | 1.88 | 1.79 | 1.65 | 1.59 | 1.63 | 1.70 | 1.71 | 1.73 | |||||||
| Broadcom Inc. | 0.82 | 0.78 | 0.76 | 0.71 | 0.61 | 0.55 | 1.49 | 1.61 | 1.59 | 1.48 | 1.46 | 1.52 | 1.43 | 1.24 | 1.10 | 1.09 | 1.07 | 1.03 | 1.00 | 0.98 | 0.96 | 0.93 | |||||||
| Intel Corp. | 0.54 | 0.53 | 0.53 | 0.55 | 0.48 | 0.52 | 0.51 | 0.52 | 0.53 | 0.58 | 0.62 | 0.70 | 0.73 | 0.75 | 0.83 | 0.87 | 0.91 | 0.97 | 0.96 | — | — | — | |||||||
| KLA Corp. | 3.03 | 2.88 | 2.91 | 3.10 | 3.18 | 3.40 | 3.59 | 3.96 | 4.03 | 4.69 | 6.57 | 2.12 | 2.02 | 1.93 | 2.05 | 2.07 | 2.07 | 2.16 | 2.18 | — | — | — | |||||||
| Lam Research Corp. | 1.84 | 1.84 | 1.75 | 1.78 | 1.74 | 1.97 | 2.12 | 2.24 | 2.29 | 2.43 | 2.74 | 2.78 | 2.55 | 2.71 | 2.43 | 2.47 | 2.17 | 2.04 | 1.94 | — | — | — | |||||||
| Micron Technology Inc. | 0.64 | 0.62 | 0.56 | 0.48 | 0.42 | 0.38 | 0.35 | 0.40 | 0.49 | 0.55 | 0.62 | 0.66 | 0.65 | 0.65 | 0.63 | 0.60 | 0.58 | 0.55 | 0.55 | 0.54 | 0.53 | 0.57 | |||||||
| NVIDIA Corp. | 1.66 | 1.62 | 1.42 | 1.35 | 1.19 | 1.06 | 1.22 | 1.34 | 1.25 | 1.12 | 1.01 | 1.02 | 1.04 | 1.03 | 0.99 | 0.96 | 0.94 | 0.90 | 0.89 | — | — | — | |||||||
| Qualcomm Inc. | 1.53 | 1.51 | 1.48 | 1.51 | 1.49 | 1.57 | 1.66 | 1.87 | 2.08 | 2.28 | 2.45 | 2.63 | 2.95 | 3.18 | 3.37 | 3.98 | 3.96 | 3.62 | 3.87 | 6.05 | 8.13 | 5.43 | |||||||
| Texas Instruments Inc. | 1.02 | 0.98 | 0.93 | 0.91 | 0.93 | 0.99 | 1.04 | 1.09 | 1.18 | 1.28 | 1.37 | 1.39 | 1.39 | 1.35 | 1.38 | 1.45 | 1.50 | 1.52 | 1.57 | — | — | — | |||||||
Based on: 10-Q (reporting date: 2025-06-28), 10-Q (reporting date: 2025-03-29), 10-K (reporting date: 2024-12-28), 10-Q (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-24), 10-Q (reporting date: 2022-06-25), 10-Q (reporting date: 2022-03-26), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28).
1 Q2 2025 Calculation
Equity turnover
= (Net revenueQ2 2025
+ Net revenueQ1 2025
+ Net revenueQ4 2024
+ Net revenueQ3 2024)
÷ Stockholders’ equity
= (7,685 + 7,438 + 7,658 + 6,819)
÷ 59,665 = 0.50
2 Click competitor name to see calculations.
The data reveals several notable trends in the financial performance over the observed periods.
- Net Revenue
- Net revenue demonstrates a general upward trend with some fluctuations. Starting from a level of 1,786 million USD in early 2020, revenue rises significantly to a peak of 6,819 million USD by September 2024. The revenue experiences steady quarterly growth through 2021 and early 2022, reaching a maximum of 6,550 million USD in mid-2022 before a temporary decline during the latter part of 2022. Following this dip, net revenue recovers and continues upward, culminating in the highest recorded values near the latter part of 2024. This pattern indicates strong sales growth overall, punctuated by a brief period of contraction.
- Stockholders’ Equity
- Stockholders' equity shows a pronounced increase from 3,037 million USD in the first quarter of 2020 to a sudden, substantial rise to above 55,000 million USD starting in March 2022. Prior to this jump, equity increased gradually and steadily, reflecting consistent capital retention or infusion. However, the large surge in early 2022 suggests a significant event such as a stock issuance, revaluation, or another form of capital restructuring. Following this jump, equity remains relatively stable with modest increases through 2025, indicating an overall strengthened equity base with limited volatility after the transition.
- Equity Turnover Ratio
- The equity turnover ratio presents limited data initially, but from late 2020 onwards, it shows a rising trend in 2021, moving from approximately 1.67 to 2.19, reflecting improving efficiency in generating revenue from shareholders' equity. However, from early 2022, there is a marked decline to around 0.34, consistent with the dramatic increase in equity mentioned earlier, which temporarily depresses the ratio. Subsequently, the ratio stabilizes in the 0.40 to 0.50 range through 2025, showing a moderate but steady improvement in asset utilization relative to equity during that period.
In summary, the quarters show strong revenue growth with a notable rise in equity mid-period, which impacts efficiency ratios. The company's financial structure indicates enhanced capital strength post-2022, alongside ongoing improvement in operational efficiency as evidenced by the equity turnover recovering and gradually increasing after the equity base adjustment.