Stock Analysis on Net
Stock Analysis on Net

Broadcom Inc. (NASDAQ:AVGO)

Analysis of Long-term (Investment) Activity Ratios

Microsoft Excel LibreOffice Calc

Long-term Activity Ratios (Summary)

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

Microsoft Excel LibreOffice Calc
Nov 1, 2020 Nov 3, 2019 Nov 4, 2018 Oct 29, 2017 Oct 30, 2016 Nov 1, 2015
Net fixed asset turnover 9.52 8.81 7.91 6.79 5.28 4.67
Net fixed asset turnover (including operating lease, right-of-use asset) 7.71 8.81 7.91 6.79 5.28 4.67
Total asset turnover 0.31 0.33 0.42 0.32 0.26 0.64
Equity turnover 1.00 0.91 0.78 0.87 0.70 1.45

Based on: 10-K (filing date: 2020-12-18), 10-K (filing date: 2019-12-20), 10-K (filing date: 2018-12-21), 10-K (filing date: 2017-12-21), 10-K (filing date: 2016-12-23), 10-K (filing date: 2015-12-17).

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.’s net fixed asset turnover ratio improved from 2018 to 2019 and from 2019 to 2020.
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.’s net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Broadcom Inc.’s total asset turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Broadcom Inc.’s equity turnover ratio improved from 2018 to 2019 and from 2019 to 2020.

Net Fixed Asset Turnover

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

Microsoft Excel LibreOffice Calc
Nov 1, 2020 Nov 3, 2019 Nov 4, 2018 Oct 29, 2017 Oct 30, 2016 Nov 1, 2015
Selected Financial Data (US$ in millions)
Net revenue 23,888  22,597  20,848  17,636  13,240  6,824 
Property, plant and equipment, net 2,509  2,565  2,635  2,599  2,509  1,460 
Long-term Activity Ratio
Net fixed asset turnover1 9.52 8.81 7.91 6.79 5.28 4.67
Benchmarks
Net Fixed Asset Turnover, Competitors2
Advanced Micro Devices Inc. 15.23 13.46 18.61 20.42 26.05
Applied Materials Inc. 10.72 9.55 12.26 13.64 11.55 10.83
Intel Corp. 1.38 1.30 1.45 1.53 1.64
Lam Research Corp. 9.37 9.12 12.27 11.69 9.20
Micron Technology Inc. 0.69 0.83 1.28 1.05 0.84
NVIDIA Corp. 6.52 8.34 9.74 13.26 10.75
Qualcomm Inc. 6.34 7.88 7.64 6.93 10.21 9.98
Texas Instruments Inc. 4.42 4.35 4.96 5.62 5.32
Net Fixed Asset Turnover, Sector
Semiconductors & Semiconductor Equipment 2.05 2.05 2.41 2.41 2.45
Net Fixed Asset Turnover, Industry
Information Technology 4.50 4.52 4.79 4.92 5.44

Based on: 10-K (filing date: 2020-12-18), 10-K (filing date: 2019-12-20), 10-K (filing date: 2018-12-21), 10-K (filing date: 2017-12-21), 10-K (filing date: 2016-12-23), 10-K (filing date: 2015-12-17).

1 2020 Calculation
Net fixed asset turnover = Net revenue ÷ Property, plant and equipment, net
= 23,888 ÷ 2,509 = 9.52

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.’s net fixed asset turnover ratio improved from 2018 to 2019 and from 2019 to 2020.

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 LibreOffice Calc
Nov 1, 2020 Nov 3, 2019 Nov 4, 2018 Oct 29, 2017 Oct 30, 2016 Nov 1, 2015
Selected Financial Data (US$ in millions)
Net revenue 23,888  22,597  20,848  17,636  13,240  6,824 
 
Property, plant and equipment, net 2,509  2,565  2,635  2,599  2,509  1,460 
ROU assets, operating leases (classified in Other long-term assets) 589  —  —  —  —  — 
Property, plant and equipment, net (including operating lease, right-of-use asset) 3,098  2,565  2,635  2,599  2,509  1,460 
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 7.71 8.81 7.91 6.79 5.28 4.67
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Advanced Micro Devices Inc. 11.50 9.55 18.61 20.42 26.05
Applied Materials Inc. 9.27 9.55 12.26 13.64 11.55 10.83
Intel Corp. 1.36 1.28 1.45 1.53 1.64
Lam Research Corp. 8.06 9.12 12.27 11.69 9.20
Micron Technology Inc. 0.68 0.83 1.28 1.05 0.84
NVIDIA Corp. 4.76 8.34 9.74 13.26 10.75
Qualcomm Inc. 5.64 7.88 7.64 6.93 10.21 9.98
Texas Instruments Inc. 4.03 3.95 4.96 5.62 5.32
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Semiconductors & Semiconductor Equipment 1.97 2.03 2.41 2.41 2.45
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Information Technology 3.80 4.19 4.62 4.92 5.44

Based on: 10-K (filing date: 2020-12-18), 10-K (filing date: 2019-12-20), 10-K (filing date: 2018-12-21), 10-K (filing date: 2017-12-21), 10-K (filing date: 2016-12-23), 10-K (filing date: 2015-12-17).

1 2020 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)
= 23,888 ÷ 3,098 = 7.71

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.’s net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.

Total Asset Turnover

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

Microsoft Excel LibreOffice Calc
Nov 1, 2020 Nov 3, 2019 Nov 4, 2018 Oct 29, 2017 Oct 30, 2016 Nov 1, 2015
Selected Financial Data (US$ in millions)
Net revenue 23,888  22,597  20,848  17,636  13,240  6,824 
Total assets 75,933  67,493  50,124  54,418  49,966  10,592 
Long-term Activity Ratio
Total asset turnover1 0.31 0.33 0.42 0.32 0.26 0.64
Benchmarks
Total Asset Turnover, Competitors2
Advanced Micro Devices Inc. 1.09 1.12 1.42 1.51 1.29
Applied Materials Inc. 0.77 0.77 0.97 0.75 0.74 0.63
Intel Corp. 0.51 0.53 0.55 0.51 0.52
Lam Research Corp. 0.69 0.80 0.89 0.66 0.48
Micron Technology Inc. 0.40 0.48 0.70 0.58 0.45
NVIDIA Corp. 0.63 0.88 0.86 0.70 0.68
Qualcomm Inc. 0.66 0.74 0.70 0.34 0.45 0.50
Texas Instruments Inc. 0.75 0.80 0.92 0.85 0.81
Total Asset Turnover, Sector
Semiconductors & Semiconductor Equipment 0.52 0.56 0.65 0.51 0.50
Total Asset Turnover, Industry
Information Technology 0.51 0.52 0.56 0.49 0.52

Based on: 10-K (filing date: 2020-12-18), 10-K (filing date: 2019-12-20), 10-K (filing date: 2018-12-21), 10-K (filing date: 2017-12-21), 10-K (filing date: 2016-12-23), 10-K (filing date: 2015-12-17).

1 2020 Calculation
Total asset turnover = Net revenue ÷ Total assets
= 23,888 ÷ 75,933 = 0.31

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.’s total asset turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020.

Equity Turnover

Broadcom Inc., equity turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Nov 1, 2020 Nov 3, 2019 Nov 4, 2018 Oct 29, 2017 Oct 30, 2016 Nov 1, 2015
Selected Financial Data (US$ in millions)
Net revenue 23,888  22,597  20,848  17,636  13,240  6,824 
Total Broadcom Inc. stockholders’ equity 23,874  24,941  26,657  20,285  18,892  4,714 
Long-term Activity Ratio
Equity turnover1 1.00 0.91 0.78 0.87 0.70 1.45
Benchmarks
Equity Turnover, Competitors2
Advanced Micro Devices Inc. 1.67 2.38 5.11 8.72 10.27
Applied Materials Inc. 1.63 1.78 2.52 1.55 1.50 1.27
Intel Corp. 0.96 0.93 0.95 0.91 0.90
Lam Research Corp. 1.94 2.07 1.70 1.18 1.00
Micron Technology Inc. 0.55 0.65 0.94 1.09 1.03
NVIDIA Corp. 0.89 1.25 1.30 1.20 1.12
Qualcomm Inc. 3.87 4.94 24.50 0.73 0.74 0.80
Texas Instruments Inc. 1.57 1.61 1.75 1.45 1.28
Equity Turnover, Sector
Semiconductors & Semiconductor Equipment 1.08 1.12 1.24 1.01 0.94
Equity Turnover, Industry
Information Technology 1.46 1.45 1.60 1.28 1.27

Based on: 10-K (filing date: 2020-12-18), 10-K (filing date: 2019-12-20), 10-K (filing date: 2018-12-21), 10-K (filing date: 2017-12-21), 10-K (filing date: 2016-12-23), 10-K (filing date: 2015-12-17).

1 2020 Calculation
Equity turnover = Net revenue ÷ Total Broadcom Inc. stockholders’ equity
= 23,888 ÷ 23,874 = 1.00

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.’s equity turnover ratio improved from 2018 to 2019 and from 2019 to 2020.