Stock Analysis on Net

Broadcom Inc. (NASDAQ:AVGO)

Analysis of Long-term (Investment) Activity Ratios 

Microsoft Excel

Long-term Activity Ratios (Summary)

Broadcom Inc., long-term (investment) activity ratios

Microsoft Excel
Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Nov 1, 2020 Nov 3, 2019 Nov 4, 2018
Net fixed asset turnover 16.63 14.94 11.69 9.52 8.81 7.91
Net fixed asset turnover (including operating lease, right-of-use asset) 13.69 12.12 9.35 7.71 8.81 7.91
Total asset turnover 0.49 0.45 0.36 0.31 0.33 0.42
Equity turnover 1.49 1.46 1.10 1.00 0.91 0.78

Based on: 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04).

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

Net Fixed Asset Turnover

Broadcom Inc., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel
Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Nov 1, 2020 Nov 3, 2019 Nov 4, 2018
Selected Financial Data (US$ in millions)
Net revenue 35,819 33,203 27,450 23,888 22,597 20,848
Property, plant and equipment, net 2,154 2,223 2,348 2,509 2,565 2,635
Long-term Activity Ratio
Net fixed asset turnover1 16.63 14.94 11.69 9.52 8.81 7.91
Benchmarks
Net Fixed Asset Turnover, Competitors2
Advanced Micro Devices Inc. 14.27 15.60 23.41 15.23 13.46
Analog Devices Inc. 3.82 5.00 3.70 5.00 4.91 5.37
Applied Materials Inc. 9.37 11.18 11.93 10.72 9.55 12.26
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 14.10
Lam Research Corp. 9.39 10.46 11.22 9.37 9.12 12.27
Micron Technology Inc. 0.41 0.80 0.83 0.69 0.83 1.28
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 7.64
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: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04).

1 2023 Calculation
Net fixed asset turnover = Net revenue ÷ Property, plant and equipment, net
= 35,819 ÷ 2,154 = 16.63

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. Broadcom Inc. net fixed asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

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

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

Microsoft Excel
Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Nov 1, 2020 Nov 3, 2019 Nov 4, 2018
Selected Financial Data (US$ in millions)
Net revenue 35,819 33,203 27,450 23,888 22,597 20,848
 
Property, plant and equipment, net 2,154 2,223 2,348 2,509 2,565 2,635
ROU assets, operating leases (classified in Other long-term assets) 463 517 588 589
Property, plant and equipment, net (including operating lease, right-of-use asset) 2,617 2,740 2,936 3,098 2,565 2,635
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 13.69 12.12 9.35 7.71 8.81 7.91
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Advanced Micro Devices Inc. 10.21 11.96 15.37 11.50 9.55
Analog Devices Inc. 3.52 4.51 3.24 4.07 4.91 5.37
Applied Materials Inc. 8.28 9.56 10.35 9.27 9.55 12.26
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 14.10
Lam Research Corp. 8.30 9.19 9.90 8.06 9.12 12.27
Micron Technology Inc. 0.40 0.78 0.82 0.68 0.83 1.28
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 7.64
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: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04).

1 2023 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Net revenue ÷ Property, plant and equipment, net (including operating lease, right-of-use asset)
= 35,819 ÷ 2,617 = 13.69

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). Broadcom Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2021 to 2022 and from 2022 to 2023.

Total Asset Turnover

Broadcom Inc., total asset turnover calculation, comparison to benchmarks

Microsoft Excel
Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Nov 1, 2020 Nov 3, 2019 Nov 4, 2018
Selected Financial Data (US$ in millions)
Net revenue 35,819 33,203 27,450 23,888 22,597 20,848
Total assets 72,861 73,249 75,570 75,933 67,493 50,124
Long-term Activity Ratio
Total asset turnover1 0.49 0.45 0.36 0.31 0.33 0.42
Benchmarks
Total Asset Turnover, Competitors2
Advanced Micro Devices Inc. 0.33 0.35 1.32 1.09 1.12
Analog Devices Inc. 0.25 0.24 0.14 0.26 0.28 0.30
Applied Materials Inc. 0.86 0.96 0.89 0.77 0.77 0.97
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 0.72
Lam Research Corp. 0.93 1.00 0.92 0.69 0.80 0.89
Micron Technology Inc. 0.24 0.46 0.47 0.40 0.48 0.70
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 0.70
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: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04).

1 2023 Calculation
Total asset turnover = Net revenue ÷ Total assets
= 35,819 ÷ 72,861 = 0.49

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. Broadcom Inc. total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Equity Turnover

Broadcom Inc., equity turnover calculation, comparison to benchmarks

Microsoft Excel
Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Nov 1, 2020 Nov 3, 2019 Nov 4, 2018
Selected Financial Data (US$ in millions)
Net revenue 35,819 33,203 27,450 23,888 22,597 20,848
Stockholders’ equity 23,988 22,709 24,962 23,874 24,941 26,657
Long-term Activity Ratio
Equity turnover1 1.49 1.46 1.10 1.00 0.91 0.78
Benchmarks
Equity Turnover, Competitors2
Advanced Micro Devices Inc. 0.41 0.43 2.19 1.67 2.38
Analog Devices Inc. 0.35 0.33 0.19 0.47 0.51 0.56
Applied Materials Inc. 1.62 2.11 1.88 1.63 1.78 2.52
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 2.49
Lam Research Corp. 2.12 2.74 2.43 1.94 2.07 1.70
Micron Technology Inc. 0.35 0.62 0.63 0.55 0.65 0.94
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 24.50
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: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04).

1 2023 Calculation
Equity turnover = Net revenue ÷ Stockholders’ equity
= 35,819 ÷ 23,988 = 1.49

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. Broadcom Inc. equity turnover ratio improved from 2021 to 2022 and from 2022 to 2023.