Stock Analysis on Net
Stock Analysis on Net

Broadcom Inc. (NASDAQ:AVGO)

Analysis of Long-term (Investment) Activity Ratios
Quarterly Data

Beginner level

Long-term Activity Ratios (Summary)

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

Microsoft Excel LibreOffice Calc
Jan 31, 2021 Nov 1, 2020 Aug 2, 2020 May 3, 2020 Feb 2, 2020 Nov 3, 2019 Aug 4, 2019 May 5, 2019 Feb 3, 2019 Nov 4, 2018 Aug 5, 2018 May 6, 2018 Feb 4, 2018 Oct 29, 2017 Jul 30, 2017 Apr 30, 2017 Jan 29, 2017 Oct 30, 2016 Jul 31, 2016 May 1, 2016 Jan 31, 2016 Nov 1, 2015 Aug 2, 2015 May 3, 2015 Feb 1, 2015
Net fixed asset turnover 9.89 9.52 9.04 8.74 8.66 8.81 8.53 8.22 7.94 7.91 7.51 7.22 6.85 6.79 5.82 5.89 5.90 5.28 4.25 3.57 4.62 4.67
Total asset turnover 0.32 0.31 0.29 0.28 0.28 0.33 0.32 0.31 0.30 0.42 0.40 0.36 0.35 0.32 0.34 0.33 0.31 0.26 0.22 0.17 0.65 0.64
Equity turnover 1.03 1.00 0.98 0.96 0.93 0.91 1.04 0.98 0.92 0.78 0.74 0.61 0.73 0.87 0.85 0.84 0.82 0.70 0.56 0.45 1.36 1.45

Based on: 10-Q (filing date: 2021-03-12), 10-K (filing date: 2020-12-18), 10-Q (filing date: 2020-09-11), 10-Q (filing date: 2020-06-12), 10-Q (filing date: 2020-03-13), 10-K (filing date: 2019-12-20), 10-Q (filing date: 2019-09-13), 10-Q (filing date: 2019-06-14), 10-Q (filing date: 2019-03-15), 10-K (filing date: 2018-12-21), 10-Q (filing date: 2018-09-13), 10-Q (filing date: 2018-06-14), 10-Q (filing date: 2018-03-15), 10-K (filing date: 2017-12-21), 10-Q (filing date: 2017-09-07), 10-Q (filing date: 2017-06-08), 10-Q (filing date: 2017-03-09), 10-K (filing date: 2016-12-23), 10-Q (filing date: 2016-09-08), 10-Q (filing date: 2016-06-09), 10-Q (filing date: 2016-03-10), 10-K (filing date: 2015-12-17), 10-Q (filing date: 2015-09-10), 10-Q (filing date: 2015-06-10), 10-Q (filing date: 2015-03-11).

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 Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Broadcom Inc.’s total asset turnover ratio improved from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Broadcom Inc.’s equity turnover ratio improved from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.

Net Fixed Asset Turnover

Broadcom Inc., net fixed asset turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jan 31, 2021 Nov 1, 2020 Aug 2, 2020 May 3, 2020 Feb 2, 2020 Nov 3, 2019 Aug 4, 2019 May 5, 2019 Feb 3, 2019 Nov 4, 2018 Aug 5, 2018 May 6, 2018 Feb 4, 2018 Oct 29, 2017 Jul 30, 2017 Apr 30, 2017 Jan 29, 2017 Oct 30, 2016 Jul 31, 2016 May 1, 2016 Jan 31, 2016 Nov 1, 2015 Aug 2, 2015 May 3, 2015 Feb 1, 2015
Selected Financial Data (US$ in millions)
Net revenue 6,655  6,467  5,821  5,742  5,858  5,776  5,515  5,517  5,789  5,444  5,063  5,014  5,327  4,844  4,463  4,190  4,139  4,136  3,792  3,541  1,771  1,840  1,735  1,614  1,635 
Property, plant and equipment, net 2,496  2,509  2,567  2,618  2,616  2,565  2,611  2,654  2,684  2,635  2,695  2,720  2,747  2,599  2,909  2,762  2,646  2,509  2,573  2,486  1,505  1,460  1,392  1,344  1,269 
Long-term Activity Ratio
Net fixed asset turnover1 9.89 9.52 9.04 8.74 8.66 8.81 8.53 8.22 7.94 7.91 7.51 7.22 6.85 6.79 5.82 5.89 5.90 5.28 4.25 3.57 4.62 4.67
Benchmarks
Net Fixed Asset Turnover, Competitors2
Advanced Micro Devices Inc. 15.23 14.53 13.07 13.42 13.46 13.30 12.83 16.18 18.61 20.55 22.12 20.66 20.42 21.00 23.10 24.58 26.05
Analog Devices Inc. 5.19 5.00 4.87 4.66 4.77 4.91 5.03 5.15 5.27 5.37 5.55 5.39 5.06 4.61 4.16 3.68 5.78 5.38 5.40 5.41 5.42 5.33
Apple Inc. 7.75 7.47 7.67 7.47 7.23 6.96 6.88 6.67 6.61 6.43 6.70 7.05 7.10 6.79 7.63 8.12 8.23 7.98 8.66 9.81 10.54 10.40
Applied Materials Inc. 11.11 10.72 10.63 10.06 9.66 9.55 9.83 10.56 11.54 12.26 13.03 13.11 12.94 13.64 13.92 13.36 12.48 11.55 10.93 10.58 10.53 10.83
Cisco Systems Inc. 19.93 20.10 19.95 19.67 19.48 18.61 18.11 17.34 17.00 16.41 15.78 15.45 14.92 14.45 14.29 14.19 13.98 14.05 14.01 14.65 14.82 14.75
Intel Corp. 1.38 1.32 1.36 1.33 1.30 1.31 1.37 1.42 1.45 1.47 1.44 1.46 1.53 1.57 1.62 1.64 1.64
Lam Research Corp. 9.75 9.37 9.17 9.12 9.21 9.12 10.01 10.73 11.49 12.27 12.46 11.84 11.88 11.69 10.68 9.48 9.11 9.20 8.76 9.17 8.96 8.46
Micron Technology Inc. 0.68 0.69 0.67 0.66 0.70 0.83 0.99 1.14 1.27 1.28 1.24 1.18 1.12 1.05 0.92 0.77 0.85 0.84 0.97 1.16 1.35 1.53
NVIDIA Corp. 6.87 6.52 6.60 6.86 7.28 8.34 9.61 10.22 10.30 9.74 14.96 14.44 13.99 13.26 12.20 11.21 10.78 10.75
Qualcomm Inc. 6.62 6.34 5.74 7.37 7.73 7.88 8.32 7.21 7.33 7.64 7.43 7.01 6.94 6.93 7.13 7.58 10.47 10.21 9.75 9.46 9.64 9.98
Texas Instruments Inc. 4.42 4.31 4.28 4.37 4.35 4.45 4.53 4.70 4.96 5.18 5.49 5.61 5.62 5.70 5.64 5.50 5.32

Based on: 10-Q (filing date: 2021-03-12), 10-K (filing date: 2020-12-18), 10-Q (filing date: 2020-09-11), 10-Q (filing date: 2020-06-12), 10-Q (filing date: 2020-03-13), 10-K (filing date: 2019-12-20), 10-Q (filing date: 2019-09-13), 10-Q (filing date: 2019-06-14), 10-Q (filing date: 2019-03-15), 10-K (filing date: 2018-12-21), 10-Q (filing date: 2018-09-13), 10-Q (filing date: 2018-06-14), 10-Q (filing date: 2018-03-15), 10-K (filing date: 2017-12-21), 10-Q (filing date: 2017-09-07), 10-Q (filing date: 2017-06-08), 10-Q (filing date: 2017-03-09), 10-K (filing date: 2016-12-23), 10-Q (filing date: 2016-09-08), 10-Q (filing date: 2016-06-09), 10-Q (filing date: 2016-03-10), 10-K (filing date: 2015-12-17), 10-Q (filing date: 2015-09-10), 10-Q (filing date: 2015-06-10), 10-Q (filing date: 2015-03-11).

1 Q1 2021 Calculation
Net fixed asset turnover = (Net revenueQ1 2021 + Net revenueQ4 2020 + Net revenueQ3 2020 + Net revenueQ2 2020) ÷ Property, plant and equipment, net
= (6,655 + 6,467 + 5,821 + 5,742) ÷ 2,496 = 9.89

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 Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.

Total Asset Turnover

Broadcom Inc., total asset turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jan 31, 2021 Nov 1, 2020 Aug 2, 2020 May 3, 2020 Feb 2, 2020 Nov 3, 2019 Aug 4, 2019 May 5, 2019 Feb 3, 2019 Nov 4, 2018 Aug 5, 2018 May 6, 2018 Feb 4, 2018 Oct 29, 2017 Jul 30, 2017 Apr 30, 2017 Jan 29, 2017 Oct 30, 2016 Jul 31, 2016 May 1, 2016 Jan 31, 2016 Nov 1, 2015 Aug 2, 2015 May 3, 2015 Feb 1, 2015
Selected Financial Data (US$ in millions)
Net revenue 6,655  6,467  5,821  5,742  5,858  5,776  5,515  5,517  5,789  5,444  5,063  5,014  5,327  4,844  4,463  4,190  4,139  4,136  3,792  3,541  1,771  1,840  1,735  1,614  1,635 
Total assets 76,972  75,933  79,298  81,548  81,006  67,493  69,767  70,916  72,110  50,124  50,372  54,936  54,544  54,418  49,942  49,849  49,617  49,966  49,752  51,407  10,777  10,592  9,988  10,532  10,697 
Long-term Activity Ratio
Total asset turnover1 0.32 0.31 0.29 0.28 0.28 0.33 0.32 0.31 0.30 0.42 0.40 0.36 0.35 0.32 0.34 0.33 0.31 0.26 0.22 0.17 0.65 0.64
Benchmarks
Total Asset Turnover, Competitors2
Advanced Micro Devices Inc. 1.09 1.23 1.16 1.24 1.12 1.15 1.15 1.24 1.42 1.50 1.59 1.59 1.51 1.38 1.37 1.34 1.29
Analog Devices Inc. 0.27 0.26 0.26 0.26 0.27 0.28 0.28 0.29 0.29 0.30 0.30 0.29 0.27 0.24 0.22 0.15 0.36 0.43 0.44 0.45 0.45 0.49
Apple Inc. 0.83 0.85 0.86 0.84 0.79 0.77 0.80 0.76 0.70 0.73 0.73 0.67 0.59 0.61 0.65 0.66 0.66 0.67 0.72 0.75 0.80 0.80
Applied Materials Inc. 0.78 0.77 0.77 0.71 0.76 0.77 0.79 0.84 0.89 0.97 0.96 0.89 0.79 0.75 0.73 0.71 0.78 0.74 0.72 0.73 0.72 0.63
Cisco Systems Inc. 0.51 0.52 0.55 0.57 0.56 0.53 0.53 0.50 0.48 0.45 0.43 0.37 0.37 0.37 0.39 0.38 0.39 0.40 0.42 0.44 0.44 0.43
Intel Corp. 0.51 0.54 0.52 0.51 0.53 0.53 0.54 0.55 0.55 0.54 0.53 0.50 0.51 0.49 0.51 0.52 0.52
Lam Research Corp. 0.73 0.69 0.74 0.80 0.77 0.80 0.81 1.01 1.00 0.89 0.75 0.74 0.71 0.66 0.61 0.55 0.47 0.48 0.58 0.61 0.59 0.56
Micron Technology Inc. 0.41 0.40 0.39 0.39 0.42 0.48 0.58 0.63 0.71 0.70 0.67 0.63 0.62 0.58 0.52 0.46 0.47 0.45 0.47 0.55 0.61 0.67
NVIDIA Corp. 0.51 0.63 0.63 0.69 0.77 0.88 0.91 0.92 0.96 0.86 0.91 0.89 0.80 0.70 0.64 0.73 0.73 0.68
Qualcomm Inc. 0.71 0.66 0.62 0.77 0.74 0.74 0.74 0.62 0.63 0.70 0.37 0.35 0.35 0.34 0.35 0.41 0.45 0.45 0.45 0.45 0.48 0.50
Texas Instruments Inc. 0.75 0.75 0.78 0.82 0.80 0.82 0.88 0.89 0.92 0.85 0.85 0.88 0.85 0.86 0.86 0.86 0.81

Based on: 10-Q (filing date: 2021-03-12), 10-K (filing date: 2020-12-18), 10-Q (filing date: 2020-09-11), 10-Q (filing date: 2020-06-12), 10-Q (filing date: 2020-03-13), 10-K (filing date: 2019-12-20), 10-Q (filing date: 2019-09-13), 10-Q (filing date: 2019-06-14), 10-Q (filing date: 2019-03-15), 10-K (filing date: 2018-12-21), 10-Q (filing date: 2018-09-13), 10-Q (filing date: 2018-06-14), 10-Q (filing date: 2018-03-15), 10-K (filing date: 2017-12-21), 10-Q (filing date: 2017-09-07), 10-Q (filing date: 2017-06-08), 10-Q (filing date: 2017-03-09), 10-K (filing date: 2016-12-23), 10-Q (filing date: 2016-09-08), 10-Q (filing date: 2016-06-09), 10-Q (filing date: 2016-03-10), 10-K (filing date: 2015-12-17), 10-Q (filing date: 2015-09-10), 10-Q (filing date: 2015-06-10), 10-Q (filing date: 2015-03-11).

1 Q1 2021 Calculation
Total asset turnover = (Net revenueQ1 2021 + Net revenueQ4 2020 + Net revenueQ3 2020 + Net revenueQ2 2020) ÷ Total assets
= (6,655 + 6,467 + 5,821 + 5,742) ÷ 76,972 = 0.32

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 improved from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.

Equity Turnover

Broadcom Inc., equity turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jan 31, 2021 Nov 1, 2020 Aug 2, 2020 May 3, 2020 Feb 2, 2020 Nov 3, 2019 Aug 4, 2019 May 5, 2019 Feb 3, 2019 Nov 4, 2018 Aug 5, 2018 May 6, 2018 Feb 4, 2018 Oct 29, 2017 Jul 30, 2017 Apr 30, 2017 Jan 29, 2017 Oct 30, 2016 Jul 31, 2016 May 1, 2016 Jan 31, 2016 Nov 1, 2015 Aug 2, 2015 May 3, 2015 Feb 1, 2015
Selected Financial Data (US$ in millions)
Net revenue 6,655  6,467  5,821  5,742  5,858  5,776  5,515  5,517  5,789  5,444  5,063  5,014  5,327  4,844  4,463  4,190  4,139  4,136  3,792  3,541  1,771  1,840  1,735  1,614  1,635 
Total Broadcom Inc. stockholders’ equity 23,973  23,874  23,557  23,942  24,368  24,941  21,503  22,172  23,224  26,657  27,452  32,067  25,901  20,285  19,802  19,425  19,033  18,892  19,473  19,702  5,121  4,714  4,281  4,061  3,628 
Long-term Activity Ratio
Equity turnover1 1.03 1.00 0.98 0.96 0.93 0.91 1.04 0.98 0.92 0.78 0.74 0.61 0.73 0.87 0.85 0.84 0.82 0.70 0.56 0.45 1.36 1.45
Benchmarks
Equity Turnover, Competitors2
Advanced Micro Devices Inc. 1.67 2.24 2.31 2.39 2.38 2.77 3.09 3.41 5.11 5.81 7.42 8.38 8.72 9.53 11.08 10.82 10.27
Analog Devices Inc. 0.48 0.47 0.47 0.48 0.49 0.51 0.52 0.53 0.54 0.56 0.57 0.57 0.55 0.50 0.46 0.40 0.69 0.66 0.68 0.70 0.69 0.68
Apple Inc. 4.44 4.20 3.79 3.42 2.99 2.88 2.69 2.44 2.22 2.48 2.22 1.95 1.71 1.71 1.69 1.64 1.65 1.68 1.74 1.74 1.83 1.96
Applied Materials Inc. 1.59 1.63 1.70 1.71 1.73 1.78 1.83 1.92 2.05 2.52 2.52 2.34 1.82 1.55 1.59 1.58 1.54 1.50 1.45 1.46 1.33 1.27
Cisco Systems Inc. 1.26 1.30 1.42 1.45 1.51 1.55 1.39 1.25 1.15 1.14 1.04 0.93 0.73 0.73 0.74 0.76 0.77 0.77 0.79 0.81 0.83 0.82
Intel Corp. 0.96 1.05 0.96 0.99 0.93 0.95 0.94 0.96 0.95 0.97 0.95 0.91 0.91 0.88 0.90 0.90 0.90
Lam Research Corp. 2.04 1.94 2.12 2.18 1.92 2.07 1.97 1.88 2.05 1.70 1.51 1.56 1.22 1.18 1.07 1.00 0.96 1.00 1.02 1.06 1.07 1.03
Micron Technology Inc. 0.55 0.55 0.54 0.53 0.57 0.65 0.76 0.87 0.93 0.94 0.98 1.01 1.03 1.09 1.08 1.03 1.06 1.03 1.05 1.12 1.22 1.32
NVIDIA Corp. 0.90 0.89 0.89 0.99 1.11 1.25 1.31 1.35 1.42 1.30 1.41 1.40 1.23 1.20 1.15 1.21 1.23 1.12
Qualcomm Inc. 3.62 3.87 6.05 8.13 5.43 4.94 4.62 5.49 5.95 24.50 0.99 0.95 0.93 0.73 0.72 0.74 0.76 0.74 0.74 0.76 0.79 0.80
Texas Instruments Inc. 1.57 1.65 1.79 1.83 1.61 1.64 1.80 1.83 1.75 1.50 1.47 1.44 1.45 1.33 1.32 1.29 1.28

Based on: 10-Q (filing date: 2021-03-12), 10-K (filing date: 2020-12-18), 10-Q (filing date: 2020-09-11), 10-Q (filing date: 2020-06-12), 10-Q (filing date: 2020-03-13), 10-K (filing date: 2019-12-20), 10-Q (filing date: 2019-09-13), 10-Q (filing date: 2019-06-14), 10-Q (filing date: 2019-03-15), 10-K (filing date: 2018-12-21), 10-Q (filing date: 2018-09-13), 10-Q (filing date: 2018-06-14), 10-Q (filing date: 2018-03-15), 10-K (filing date: 2017-12-21), 10-Q (filing date: 2017-09-07), 10-Q (filing date: 2017-06-08), 10-Q (filing date: 2017-03-09), 10-K (filing date: 2016-12-23), 10-Q (filing date: 2016-09-08), 10-Q (filing date: 2016-06-09), 10-Q (filing date: 2016-03-10), 10-K (filing date: 2015-12-17), 10-Q (filing date: 2015-09-10), 10-Q (filing date: 2015-06-10), 10-Q (filing date: 2015-03-11).

1 Q1 2021 Calculation
Equity turnover = (Net revenueQ1 2021 + Net revenueQ4 2020 + Net revenueQ3 2020 + Net revenueQ2 2020) ÷ Total Broadcom Inc. stockholders’ equity
= (6,655 + 6,467 + 5,821 + 5,742) ÷ 23,973 = 1.03

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 Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.