Broadcom Inc. (AVGO)

Long-term (Investment) Activity Analysis

Difficulty: Beginner

Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.

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

Source: Based on data from Broadcom Inc. Annual Reports

Ratio	Description	The company
Net fixed asset turnover	An activity ratio calculated as total revenue divided by net fixed assets.	Broadcom Inc.'s net fixed asset turnover improved from 2015 to 2016 and from 2016 to 2017.
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	Broadcom Inc.'s total asset turnover deteriorated from 2015 to 2016 but then slightly improved from 2016 to 2017.
Equity turnover	An activity ratio calculated as total revenue divided by shareholders' equity.	Broadcom Inc.'s equity turnover deteriorated from 2015 to 2016 but then slightly improved from 2016 to 2017.

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

		Oct 29, 2017	Oct 30, 2016	Nov 1, 2015	Nov 2, 2014	Nov 3, 2013	Oct 28, 2012
	Selected Financial Data (USD $ in millions)
	Net revenue
	Property, plant and equipment, net
	Ratio
	Net fixed asset turnover¹
	Benchmarks
	Net Fixed Asset Turnover, Competitors
	Apple Inc.
	Applied Materials Inc.
	Cisco Systems Inc.
	HP Inc.
	Intel Corp.
	NVIDIA Corp.
	Qualcomm Inc.
	Texas Instruments Inc.
	Net Fixed Asset Turnover, Sector
	Technology Hardware & Equipment
	Net Fixed Asset Turnover, Industry
	Technology

Source: Based on data from Broadcom Inc. Annual Reports

2017 Calculations

¹ Net fixed asset turnover = Net revenue ÷ Property, plant and equipment, net
= ÷ =

Ratio	Description	The company
Net fixed asset turnover	An activity ratio calculated as total revenue divided by net fixed assets.	Broadcom Inc.'s net fixed asset turnover improved from 2015 to 2016 and from 2016 to 2017.

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

		Oct 29, 2017	Oct 30, 2016	Nov 1, 2015	Nov 2, 2014	Nov 3, 2013	Oct 28, 2012
	Selected Financial Data (USD $ in millions)
	Net revenue
	Total assets
	Ratio
	Total asset turnover¹
	Benchmarks
	Total Asset Turnover, Competitors
	Apple Inc.
	Applied Materials Inc.
	Cisco Systems Inc.
	HP Inc.
	Intel Corp.
	NVIDIA Corp.
	Qualcomm Inc.
	Texas Instruments Inc.
	Total Asset Turnover, Sector
	Technology Hardware & Equipment
	Total Asset Turnover, Industry
	Technology

Source: Based on data from Broadcom Inc. Annual Reports

2017 Calculations

¹ Total asset turnover = Net revenue ÷ Total assets
= ÷ =

Ratio	Description	The company
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	Broadcom Inc.'s total asset turnover deteriorated from 2015 to 2016 but then slightly improved from 2016 to 2017.

Broadcom Inc., equity turnover calculation, comparison to benchmarks

		Oct 29, 2017	Oct 30, 2016	Nov 1, 2015	Nov 2, 2014	Nov 3, 2013	Oct 28, 2012
	Selected Financial Data (USD $ in millions)
	Net revenue
	Total Broadcom Inc. stockholders’ equity
	Ratio
	Equity turnover¹
	Benchmarks
	Equity Turnover, Competitors
	Apple Inc.
	Applied Materials Inc.
	Cisco Systems Inc.
	HP Inc.
	Intel Corp.
	NVIDIA Corp.
	Qualcomm Inc.
	Texas Instruments Inc.
	Equity Turnover, Sector
	Technology Hardware & Equipment
	Equity Turnover, Industry
	Technology

Source: Based on data from Broadcom Inc. Annual Reports

2017 Calculations

¹ Equity turnover = Net revenue ÷ Total Broadcom Inc. stockholders’ equity
= ÷ =

Ratio	Description	The company
Equity turnover	An activity ratio calculated as total revenue divided by shareholders' equity.	Broadcom Inc.'s equity turnover deteriorated from 2015 to 2016 but then slightly improved from 2016 to 2017.

	Broadcom Inc.	Other companies (not purchased previously)
Long-term Trends
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Analysis
Financial Reporting Quality

	All companies
Long-term Trends
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Analysis
Financial Reporting Quality