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.
Paying user area
Try for free
Advanced Micro Devices Inc. pages available for free this week:
- Income Statement
- Statement of Comprehensive Income
- Balance Sheet: Liabilities and Stockholders’ Equity
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to EBITDA (EV/EBITDA)
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Return on Assets (ROA) since 2005
- Price to Earnings (P/E) since 2005
- Price to Sales (P/S) since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Advanced Micro Devices Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Long-term Activity Ratios (Summary)
Advanced Micro Devices Inc., long-term (investment) activity ratios (quarterly data)
Based on: 10-Q (reporting date: 2026-03-28), 10-K (reporting date: 2025-12-27), 10-Q (reporting date: 2025-09-27), 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).
The analysis of long-term activity ratios reveals a general trend of increasing efficiency in the utilization of total assets and equity, contrasted by a relatively stable but fluctuating efficiency in the use of net fixed assets.
- Net Fixed Asset Turnover
- The ratio exhibits a non-linear trend, reaching a peak of 15.60 in December 2022 before entering a period of moderate volatility. Throughout the observed timeframe, the ratio generally fluctuates within a range of 13.43 to 15.60, ending at 13.75 in March 2026. This pattern suggests a stable capacity to generate revenue from fixed assets, although it lacks a definitive long-term growth trajectory.
- Total Asset Turnover
- A consistent upward trajectory is observed in total asset turnover, which rose from 0.28 in March 2022 to 0.47 by March 2026. This steady increase indicates a progressive improvement in the overall efficiency of the asset base in driving revenue, with more accelerated growth appearing from December 2023 onward.
- Equity Turnover
- Equity turnover demonstrates significant growth, increasing from 0.34 in March 2022 to 0.58 in March 2026. This trend reflects an enhanced ability to generate revenue from shareholders' equity, mirroring the positive movement seen in total asset turnover and suggesting a more efficient deployment of capital to drive top-line performance over the period.
Net Fixed Asset Turnover
Advanced Micro Devices Inc., net fixed asset turnover calculation (quarterly data)
| Mar 28, 2026 | Dec 27, 2025 | Sep 27, 2025 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||
| Net revenue | |||||||||||||||||||||||
| Property and equipment, net | |||||||||||||||||||||||
| Long-term Activity Ratio | |||||||||||||||||||||||
| Net fixed asset turnover1 | |||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||||||||||||||||||
| Analog Devices Inc. | |||||||||||||||||||||||
| Applied Materials Inc. | |||||||||||||||||||||||
| Broadcom Inc. | |||||||||||||||||||||||
| Intel Corp. | |||||||||||||||||||||||
| KLA Corp. | |||||||||||||||||||||||
| Lam Research Corp. | |||||||||||||||||||||||
| Micron Technology Inc. | |||||||||||||||||||||||
| NVIDIA Corp. | |||||||||||||||||||||||
| Qualcomm Inc. | |||||||||||||||||||||||
| Texas Instruments Inc. | |||||||||||||||||||||||
Based on: 10-Q (reporting date: 2026-03-28), 10-K (reporting date: 2025-12-27), 10-Q (reporting date: 2025-09-27), 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).
1 Q1 2026 Calculation
Net fixed asset turnover
= (Net revenueQ1 2026
+ Net revenueQ4 2025
+ Net revenueQ3 2025
+ Net revenueQ2 2025)
÷ Property and equipment, net
= ( + + + )
÷ =
2 Click competitor name to see calculations.
The analysis of net fixed asset turnover reveals a period of relative stability despite significant fluctuations in net revenue and a steady increase in the net value of property and equipment.
- Revenue and Asset Correlation
- Net revenue exhibited a volatile trajectory initially, reaching a low of 5,353 million in April 2023 before entering a sustained growth phase that peaked at 10,270 million in September 2025. Simultaneously, property and equipment, net, grew consistently from 1,406 million in March 2022 to 2,723 million by March 2026. This indicates a strategic and continuous expansion of the physical asset base to support increasing operational demands.
- Net Fixed Asset Turnover Stability
- The net fixed asset turnover ratio remained within a narrow range, predominantly fluctuating between 13.43 and 15.60. A peak in asset efficiency was observed in December 2022 at 15.60. Throughout 2023 and 2024, the ratio stabilized around the 14.0 to 14.5 mark, suggesting that the expansion of net fixed assets was largely proportional to the growth in revenue generation.
- Recent Performance Trends
- While the ratio showed resilience through 2025, reaching 14.98 in December 2025, a decline to 13.75 is noted in March 2026. This downward movement coincides with a substantial increase in net property and equipment, which rose to 2,723 million. This suggests that the most recent capital expenditures have not yet been fully leveraged to drive proportional increases in revenue.
Total Asset Turnover
Advanced Micro Devices Inc., total asset turnover calculation (quarterly data)
| Mar 28, 2026 | Dec 27, 2025 | Sep 27, 2025 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||
| Net revenue | |||||||||||||||||||||||
| Total assets | |||||||||||||||||||||||
| Long-term Activity Ratio | |||||||||||||||||||||||
| Total asset turnover1 | |||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||
| Total Asset Turnover, Competitors2 | |||||||||||||||||||||||
| Analog Devices Inc. | |||||||||||||||||||||||
| Applied Materials Inc. | |||||||||||||||||||||||
| Broadcom Inc. | |||||||||||||||||||||||
| Intel Corp. | |||||||||||||||||||||||
| KLA Corp. | |||||||||||||||||||||||
| Lam Research Corp. | |||||||||||||||||||||||
| Micron Technology Inc. | |||||||||||||||||||||||
| NVIDIA Corp. | |||||||||||||||||||||||
| Qualcomm Inc. | |||||||||||||||||||||||
| Texas Instruments Inc. | |||||||||||||||||||||||
Based on: 10-Q (reporting date: 2026-03-28), 10-K (reporting date: 2025-12-27), 10-Q (reporting date: 2025-09-27), 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).
1 Q1 2026 Calculation
Total asset turnover
= (Net revenueQ1 2026
+ Net revenueQ4 2025
+ Net revenueQ3 2025
+ Net revenueQ2 2025)
÷ Total assets
= ( + + + )
÷ =
2 Click competitor name to see calculations.
The analysis of asset utilization reveals a consistent upward trajectory in operational efficiency over the observed period. Total asset turnover increased from 0.28 in March 2022 to 0.47 by March 2026, indicating a strengthened capacity to generate revenue from the existing asset base.
- Asset Turnover Trends
- An initial growth phase is observed between March 2022 and December 2022, where the ratio rose from 0.28 to 0.35. This was followed by a period of relative stability throughout 2023, with the ratio fluctuating minimally between 0.32 and 0.34. A secondary, more aggressive growth phase commenced in 2024 and continued through early 2026, with the ratio climbing steadily to reach 0.47.
- Revenue Growth and Asset Correlation
- Net revenue exhibited significant expansion, particularly in the latter half of the period, growing from 5,887 million USD in March 2022 to 10,253 million USD by March 2026. During the same timeframe, total assets remained relatively stagnant at approximately 67 billion USD for the first two years before increasing to 79,642 million USD. The acceleration in the asset turnover ratio is primarily driven by revenue growth outpacing the rate of asset acquisition.
- Operational Efficiency Insights
- The steady increase in the turnover ratio suggests an improvement in capital productivity. The transition from a ratio of 0.34 in March 2024 to 0.47 in March 2026 reflects a strategic scaling of operations where incremental increases in the asset base yielded disproportionately higher returns in top-line revenue.
Equity Turnover
Advanced Micro Devices Inc., equity turnover calculation (quarterly data)
| Mar 28, 2026 | Dec 27, 2025 | Sep 27, 2025 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||
| Net revenue | |||||||||||||||||||||||
| Stockholders’ equity | |||||||||||||||||||||||
| Long-term Activity Ratio | |||||||||||||||||||||||
| Equity turnover1 | |||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||
| Equity Turnover, Competitors2 | |||||||||||||||||||||||
| Analog Devices Inc. | |||||||||||||||||||||||
| Applied Materials Inc. | |||||||||||||||||||||||
| Broadcom Inc. | |||||||||||||||||||||||
| Intel Corp. | |||||||||||||||||||||||
| KLA Corp. | |||||||||||||||||||||||
| Lam Research Corp. | |||||||||||||||||||||||
| Micron Technology Inc. | |||||||||||||||||||||||
| NVIDIA Corp. | |||||||||||||||||||||||
| Qualcomm Inc. | |||||||||||||||||||||||
| Texas Instruments Inc. | |||||||||||||||||||||||
Based on: 10-Q (reporting date: 2026-03-28), 10-K (reporting date: 2025-12-27), 10-Q (reporting date: 2025-09-27), 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).
1 Q1 2026 Calculation
Equity turnover
= (Net revenueQ1 2026
+ Net revenueQ4 2025
+ Net revenueQ3 2025
+ Net revenueQ2 2025)
÷ Stockholders’ equity
= ( + + + )
÷ =
2 Click competitor name to see calculations.
The analyzed period is characterized by a significant improvement in the efficiency of equity utilization. While the capital base remained relatively stable for the first half of the period, a substantial acceleration in revenue growth during the latter half led to a progressive increase in the equity turnover ratio.
- Net Revenue Trends
- Net revenue exhibited a cyclical pattern, starting at 5,887 million USD in March 2022 and reaching a low of 5,353 million USD by April 2023. Following this trough, a sustained recovery and growth phase occurred, with revenue climbing to 10,270 million USD by December 2025 and maintaining a similar level of 10,253 million USD in March 2026. This indicates a strong expansion of market activity and sales volume toward the end of the period.
- Stockholders' Equity Stability
- The equity base demonstrated a high degree of stability throughout the observation window. From March 2022 to December 2023, stockholders' equity fluctuated minimally, remaining within the range of 54,542 million USD to 55,892 million USD. A gradual upward trend began in 2024, with equity increasing incrementally to 64,462 million USD by March 2026. The growth in equity was linear and modest, suggesting a controlled increase in the capital base.
- Equity Turnover Analysis
- The equity turnover ratio, which measures the effectiveness of the company in generating revenue from its equity investments, showed a positive long-term trajectory. The ratio rose from 0.34 in March 2022 and remained largely stagnant between 0.40 and 0.43 from June 2022 through June 2024. However, starting in September 2024, the ratio began a consistent ascent, peaking at 0.58 by March 2026. This upward trend is the direct result of revenue growth significantly outpacing the growth of stockholders' equity, signaling enhanced operational efficiency and a more productive use of shareholders' capital.