Stock Analysis on Net
Stock Analysis on Net

Broadcom Inc. (NASDAQ:AVGO)

Analysis of Short-term (Operating) Activity Ratios
Quarterly Data

Beginner level

Short-term Activity Ratios (Summary)

Broadcom Inc., short-term (operating) activity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
May 2, 2021 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
Turnover Ratios
Inventory turnover 10.44 11.01 10.34 9.51 10.76 10.73 11.57 9.16 9.63 9.31 9.00 8.28 8.05 7.50 6.31 6.03 6.35 6.44 5.21 4.73 3.42 6.72 6.24
Receivables turnover 10.54 9.78 10.40 8.64 7.13 6.21 6.93 6.29 6.26 5.80 6.27 6.73 7.15 7.66 7.20 7.00 7.84 8.02 6.07 5.02 4.79 6.57 6.70
Payables turnover 12.63 11.67 12.41 9.41 8.33 10.28 11.83 10.04 13.13 13.55 12.47 12.82 11.89 11.87 8.26 7.45 9.00 8.22 5.79 5.48 5.10 6.29 5.30
Working capital turnover 3.27 3.25 4.32 3.32 3.00 5.19 7.49 8.51 10.03 9.45 3.08 3.11 1.90 2.04 1.33 2.19 2.53 2.99 3.27 3.30 2.20 2.24 2.57
Average No. Days
Average inventory processing period 35 33 35 38 34 34 32 40 38 39 41 44 45 49 58 61 57 57 70 77 107 54 58
Add: Average receivable collection period 35 37 35 42 51 59 53 58 58 63 58 54 51 48 51 52 47 46 60 73 76 56 55
Operating cycle 70 70 70 80 85 93 85 98 96 102 99 98 96 97 109 113 104 103 130 150 183 110 113
Less: Average payables payment period 29 31 29 39 44 36 31 36 28 27 29 28 31 31 44 49 41 44 63 67 72 58 69
Cash conversion cycle 41 39 41 41 41 57 54 62 68 75 70 70 65 66 65 64 63 59 67 83 111 52 44

Based on: 10-Q (filing date: 2021-06-11), 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).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Broadcom Inc.’s inventory turnover ratio improved from Q4 2020 to Q1 2021 but then slightly deteriorated from Q1 2021 to Q2 2021 not reaching Q4 2020 level.
Receivables turnover An activity ratio equal to revenue divided by receivables. Broadcom Inc.’s receivables turnover ratio deteriorated from Q4 2020 to Q1 2021 but then improved from Q1 2021 to Q2 2021 exceeding Q4 2020 level.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Broadcom Inc.’s payables turnover ratio decreased from Q4 2020 to Q1 2021 but then increased from Q1 2021 to Q2 2021 exceeding Q4 2020 level.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Broadcom Inc.’s working capital turnover ratio deteriorated from Q4 2020 to Q1 2021 but then slightly improved from Q1 2021 to Q2 2021.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover.
Operating cycle Equal to average inventory processing period plus average receivables collection period.
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period.
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period.

Inventory Turnover

Broadcom Inc., inventory turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
May 2, 2021 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)
Cost of revenue 2,553  2,703  2,720  2,505  2,553  2,594  2,624  2,481  2,428  2,581  2,509  2,444  2,463  2,699  2,461  2,314  2,214  2,138  1,965  2,010  2,495  830  843  851  768  809 
Inventory 1,004  952  1,003  1,081  953  944  874  1,091  1,034  1,074  1,124  1,216  1,235  1,291  1,447  1,431  1,311  1,336  1,400  1,306  1,467  490  524  507  490  500 
Short-term Activity Ratio
Inventory turnover1 10.44 11.01 10.34 9.51 10.76 10.73 11.57 9.16 9.63 9.31 9.00 8.28 8.05 7.50 6.31 6.03 6.35 6.44 5.21 4.73 3.42 6.72 6.24
Benchmarks
Inventory Turnover, Competitors2
Advanced Micro Devices Inc. 3.81 3.87 3.72 3.21 3.86 3.93 3.43 3.48 3.90 4.77 5.57 5.59 5.46 4.74 4.15 4.17 4.01 4.36
Analog Devices Inc. 3.16 3.18 3.14 3.12 3.23 3.28 3.24 3.10 3.29 3.35 3.35 3.55 3.93 3.92 3.71 3.56 2.28 3.39 3.17 3.04 2.98 2.96 2.85
Applied Materials Inc. 2.65 2.55 2.44 2.30 2.32 2.43 2.37 2.36 2.39 2.50 2.54 2.55 2.57 2.71 2.73 2.68 2.80 2.98 3.08 2.88 2.95 3.08 3.11
Intel Corp. 4.15 4.06 3.66 3.71 3.32 3.41 3.35 3.20 3.57 3.74 3.51 3.44 3.41 3.39 3.42 3.70 4.01 4.18
Lam Research Corp. 2.71 2.77 2.86 3.11 3.42 3.51 3.44 3.49 3.44 3.12 3.15 3.27 3.42 3.63 3.58 3.51 3.48 3.55 3.36 3.49 3.76 3.50 3.15
Micron Technology Inc. 3.43 2.74 2.65 2.66 2.62 2.67 2.48 2.55 2.88 3.29 3.48 3.63 3.81 3.79 3.81 3.75 3.65 3.76 3.42 3.39 3.89 4.33 4.69
NVIDIA Corp. 3.47 3.81 4.24 3.88 3.50 3.04 2.89 3.29 4.10 5.32 4.89 4.26 3.98 3.75 3.59 3.81 4.49 5.72 5.26
Qualcomm Inc. 4.41 4.17 3.56 3.67 5.08 6.00 6.14 5.26 5.63 5.75 6.05 5.63 5.59 5.35 4.81 4.83 4.71 5.06 6.27 7.07 6.57 8.11 6.96
Texas Instruments Inc. 2.88 2.66 2.42 2.33 2.56 2.61 2.59 2.60 2.58 2.48 2.60 2.64 2.67 2.73 2.79 2.70 2.82 2.87

Based on: 10-Q (filing date: 2021-06-11), 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 Q2 2021 Calculation
Inventory turnover = (Cost of revenueQ2 2021 + Cost of revenueQ1 2021 + Cost of revenueQ4 2020 + Cost of revenueQ3 2020) ÷ Inventory
= (2,553 + 2,703 + 2,720 + 2,505) ÷ 1,004 = 10.44

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Broadcom Inc.’s inventory turnover ratio improved from Q4 2020 to Q1 2021 but then slightly deteriorated from Q1 2021 to Q2 2021 not reaching Q4 2020 level.

Receivables Turnover

Broadcom Inc., receivables turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
May 2, 2021 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 6,610  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 
Trade accounts receivable, net 2,425  2,524  2,297  2,684  3,211  3,651  3,259  3,539  3,484  3,677  3,325  3,010  2,749  2,459  2,448  2,417  2,073  1,947  2,181  2,181  1,857  1,060  1,019  809  758  718 
Short-term Activity Ratio
Receivables turnover1 10.54 9.78 10.40 8.64 7.13 6.21 6.93 6.29 6.26 5.80 6.27 6.73 7.15 7.66 7.20 7.00 7.84 8.02 6.07 5.02 4.79 6.57 6.70
Benchmarks
Receivables Turnover, Competitors2
Advanced Micro Devices Inc. 5.24 4.73 4.05 4.27 4.28 3.62 4.32 4.41 4.92 5.24 5.42 5.84 8.12 13.32 6.43 7.52 8.96 13.74
Analog Devices Inc. 7.62 7.08 7.60 8.10 9.42 9.85 9.43 8.91 9.09 8.72 9.69 8.65 7.91 7.95 7.41 6.60 6.35 7.70 7.16 7.50 8.50 9.15 7.36
Applied Materials Inc. 5.87 5.98 5.81 5.80 5.88 5.61 5.77 6.27 6.97 6.87 6.73 5.97 6.19 7.09 6.22 6.14 5.44 5.00 4.75 5.34 5.00 5.88 5.55
Intel Corp. 10.78 11.48 10.94 10.61 8.96 9.40 10.23 11.29 10.18 10.54 12.69 14.29 13.12 11.19 10.43 11.43 12.29 12.66
Lam Research Corp. 4.11 4.77 4.79 4.39 4.70 5.80 6.63 6.84 5.82 5.92 5.09 4.94 4.19 5.79 4.79 4.41 4.47 4.59 4.66 4.71 5.41 5.24 4.81
Micron Technology Inc. 7.01 5.98 5.48 5.62 6.43 6.04 7.33 8.28 6.79 5.81 5.55 5.72 5.83 5.97 5.41 4.98 5.10 5.31 6.00 6.17 6.92 6.73 6.46
NVIDIA Corp. 6.27 6.18 6.59 6.89 6.52 8.64 8.23 5.60 7.15 9.00 7.68 7.69 6.88 7.73 8.37 7.37 8.45 9.87 9.92
Texas Instruments Inc. 9.74 10.23 9.87 11.64 10.73 13.39 10.99 10.74 10.83 13.08 9.98 10.10 10.56 11.71 9.28 9.66 10.29 10.55

Based on: 10-Q (filing date: 2021-06-11), 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 Q2 2021 Calculation
Receivables turnover = (Net revenueQ2 2021 + Net revenueQ1 2021 + Net revenueQ4 2020 + Net revenueQ3 2020) ÷ Trade accounts receivable, net
= (6,610 + 6,655 + 6,467 + 5,821) ÷ 2,425 = 10.54

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Broadcom Inc.’s receivables turnover ratio deteriorated from Q4 2020 to Q1 2021 but then improved from Q1 2021 to Q2 2021 exceeding Q4 2020 level.

Payables Turnover

Broadcom Inc., payables turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
May 2, 2021 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)
Cost of revenue 2,553  2,703  2,720  2,505  2,553  2,594  2,624  2,481  2,428  2,581  2,509  2,444  2,463  2,699  2,461  2,314  2,214  2,138  1,965  2,010  2,495  830  843  851  768  809 
Accounts payable 830  898  836  1,092  1,230  985  855  996  759  738  811  785  836  816  1,105  1,158  925  1,047  1,261  1,127  985  523  617  501  501  452 
Short-term Activity Ratio
Payables turnover1 12.63 11.67 12.41 9.41 8.33 10.28 11.83 10.04 13.13 13.55 12.47 12.82 11.89 11.87 8.26 7.45 9.00 8.22 5.79 5.48 5.10 6.29 5.30
Benchmarks
Payables Turnover, Competitors2
Advanced Micro Devices Inc. 6.64 11.57 6.38 5.30 6.25 3.91 4.67 4.27 7.70 7.63 8.09 8.06 8.56 9.13 6.98 7.19 6.36 7.44
Analog Devices Inc. 7.25 8.66 8.42 8.85 9.83 9.12 8.78 8.99 9.60 8.92 7.54 9.27 10.15 9.83 8.65 8.10 7.77 7.90 6.97 7.44 7.19 8.67 6.75
Intel Corp. 6.49 6.14 6.58 6.59 6.61 7.23 6.01 5.94 6.84 7.09 7.23 6.10 5.52 8.09 6.66 6.37 7.23 9.37
Lam Research Corp. 8.82 8.94 9.18 10.43 11.56 12.52 14.06 13.60 17.03 15.23 11.57 8.78 12.24 10.22 9.49 8.41 7.96 9.45 9.38 8.73 14.33 12.60 9.91
NVIDIA Corp. 5.44 5.65 6.04 6.87 9.66 11.77 8.89 5.16 5.58 6.81 6.53 7.15 7.90 8.85 5.87 4.95 5.53 7.05 7.43
Qualcomm Inc. 4.62 4.38 4.12 4.21 4.19 4.96 6.29 5.88 5.82 6.87 5.61 6.11 6.91 5.94 4.97 6.42 7.54 5.86 5.25 6.02 6.46 7.26 7.98
Texas Instruments Inc. 9.60 12.51 12.20 12.17 14.12 13.45 13.29 13.13 11.53 11.52 11.19 11.20 11.13 11.47 12.37 11.67 12.13 12.95

Based on: 10-Q (filing date: 2021-06-11), 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 Q2 2021 Calculation
Payables turnover = (Cost of revenueQ2 2021 + Cost of revenueQ1 2021 + Cost of revenueQ4 2020 + Cost of revenueQ3 2020) ÷ Accounts payable
= (2,553 + 2,703 + 2,720 + 2,505) ÷ 830 = 12.63

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Broadcom Inc.’s payables turnover ratio decreased from Q4 2020 to Q1 2021 but then increased from Q1 2021 to Q2 2021 exceeding Q4 2020 level.

Working Capital Turnover

Broadcom Inc., working capital turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
May 2, 2021 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)
Current assets 14,245  14,300  11,895  13,681  14,222  12,109  9,917  10,898  10,677  10,604  9,107  8,695  12,474  11,220  15,823  9,943  8,468  7,350  7,125  6,048  6,687  3,971  3,775  3,169  4,076  4,098 
Less: Current liabilities 6,436  6,694  6,371  6,702  6,601  7,739  6,899  8,282  8,503  8,349  2,338  2,187  2,124  1,970  2,529  2,218  2,052  2,122  3,078  2,728  2,651  862  1,119  952  906  845 
Working capital 7,809  7,606  5,524  6,979  7,621  4,370  3,018  2,616  2,174  2,255  6,769  6,508  10,350  9,250  13,294  7,725  6,416  5,228  4,047  3,320  4,036  3,109  2,656  2,217  3,170  3,253 
 
Net revenue 6,610  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 
Short-term Activity Ratio
Working capital turnover1 3.27 3.25 4.32 3.32 3.00 5.19 7.49 8.51 10.03 9.45 3.08 3.11 1.90 2.04 1.33 2.19 2.53 2.99 3.27 3.30 2.20 2.24 2.57
Benchmarks
Working Capital Turnover, Competitors2
Advanced Micro Devices Inc. 2.64 2.62 2.80 2.86 3.01 3.01 2.94 3.01 3.19 4.16 4.55 5.30 5.69 4.69 4.47 4.35 3.93 3.61
Analog Devices Inc. 49.24 6.18 4.86 6.92 11.81 40.91 12.57 11.74 8.72 5.48 8.78 7.90 7.95 5.99 6.76 4.20 1.92 0.57 0.82 0.84 0.86 0.85 1.16
Applied Materials Inc. 1.95 1.86 1.93 2.04 1.94 2.42 2.54 2.38 2.44 2.58 2.58 2.62 2.25 1.79 1.65 1.66 1.63 2.24 2.29 2.23 2.32 2.08 1.77
Intel Corp. 3.59 3.46 5.32 3.60 4.30 8.06 14.39 7.38 6.98 5.83 6.91 6.60 5.49 5.20 4.98 2.83 4.10 3.91
Lam Research Corp. 1.51 1.41 1.31 1.32 1.62 1.49 1.56 1.57 2.10 2.33 1.85 1.59 1.66 1.38 1.29 1.18 1.09 0.83 0.87 1.27 1.33 1.35 1.45
Micron Technology Inc. 1.98 2.04 1.89 1.73 1.93 2.10 2.31 2.79 3.26 3.20 2.95 2.92 2.67 2.98 2.85 2.96 3.11 3.29 2.66 2.28 3.13 3.34 3.45
NVIDIA Corp. 1.06 0.67 0.92 0.92 1.01 1.14 1.27 1.27 1.27 1.32 1.20 1.20 1.19 1.06 1.02 0.98 1.45 1.51 1.35
Qualcomm Inc. 3.19 2.53 2.39 2.62 4.47 3.50 3.10 3.03 3.66 3.75 3.70 0.81 0.69 0.77 0.68 1.26 3.44 3.05 1.50 1.61 1.72 1.73 1.58
Texas Instruments Inc. 1.77 1.84 1.94 2.16 2.38 2.17 2.20 2.87 2.69 2.81 2.23 1.93 2.28 2.31 2.46 2.52 2.53 2.57

Based on: 10-Q (filing date: 2021-06-11), 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 Q2 2021 Calculation
Working capital turnover = (Net revenueQ2 2021 + Net revenueQ1 2021 + Net revenueQ4 2020 + Net revenueQ3 2020) ÷ Working capital
= (6,610 + 6,655 + 6,467 + 5,821) ÷ 7,809 = 3.27

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. Broadcom Inc.’s working capital turnover ratio deteriorated from Q4 2020 to Q1 2021 but then slightly improved from Q1 2021 to Q2 2021.

Average Inventory Processing Period

Broadcom Inc., average inventory processing period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
May 2, 2021 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
Inventory turnover 10.44 11.01 10.34 9.51 10.76 10.73 11.57 9.16 9.63 9.31 9.00 8.28 8.05 7.50 6.31 6.03 6.35 6.44 5.21 4.73 3.42 6.72 6.24
Short-term Activity Ratio (no. days)
Average inventory processing period1 35 33 35 38 34 34 32 40 38 39 41 44 45 49 58 61 57 57 70 77 107 54 58
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Advanced Micro Devices Inc. 96 94 98 114 94 93 106 105 93 77 66 65 67 77 88 88 91 84
Analog Devices Inc. 116 115 116 117 113 111 113 118 111 109 109 103 93 93 98 103 160 108 115 120 122 123 128
Applied Materials Inc. 138 143 150 159 157 150 154 155 153 146 144 143 142 135 134 136 130 122 119 127 124 119 117
Intel Corp. 88 90 100 98 110 107 109 114 102 98 104 106 107 108 107 99 91 87
Lam Research Corp. 135 132 128 117 107 104 106 105 106 117 116 112 107 101 102 104 105 103 109 105 97 104 116
Micron Technology Inc. 106 133 138 137 139 137 147 143 127 111 105 100 96 96 96 97 100 97 107 108 94 84 78
NVIDIA Corp. 105 96 86 94 104 120 126 111 89 69 75 86 92 97 102 96 81 64 69
Qualcomm Inc. 83 88 102 99 72 61 59 69 65 63 60 65 65 68 76 75 78 72 58 52 56 45 52
Texas Instruments Inc. 127 137 151 157 143 140 141 140 141 147 140 138 137 134 131 135 129 127

Based on: 10-Q (filing date: 2021-06-11), 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 Q2 2021 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 10.44 = 35

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period.

Average Receivable Collection Period

Broadcom Inc., average receivable collection period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
May 2, 2021 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
Receivables turnover 10.54 9.78 10.40 8.64 7.13 6.21 6.93 6.29 6.26 5.80 6.27 6.73 7.15 7.66 7.20 7.00 7.84 8.02 6.07 5.02 4.79 6.57 6.70
Short-term Activity Ratio (no. days)
Average receivable collection period1 35 37 35 42 51 59 53 58 58 63 58 54 51 48 51 52 47 46 60 73 76 56 55
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Advanced Micro Devices Inc. 70 77 90 85 85 101 84 83 74 70 67 63 45 27 57 49 41 27
Analog Devices Inc. 48 52 48 45 39 37 39 41 40 42 38 42 46 46 49 55 57 47 51 49 43 40 50
Applied Materials Inc. 62 61 63 63 62 65 63 58 52 53 54 61 59 52 59 59 67 73 77 68 73 62 66
Intel Corp. 34 32 33 34 41 39 36 32 36 35 29 26 28 33 35 32 30 29
Lam Research Corp. 89 77 76 83 78 63 55 53 63 62 72 74 87 63 76 83 82 80 78 78 67 70 76
Micron Technology Inc. 52 61 67 65 57 60 50 44 54 63 66 64 63 61 68 73 72 69 61 59 53 54 57
NVIDIA Corp. 58 59 55 53 56 42 44 65 51 41 48 47 53 47 44 50 43 37 37
Texas Instruments Inc. 37 36 37 31 34 27 33 34 34 28 37 36 35 31 39 38 35 35

Based on: 10-Q (filing date: 2021-06-11), 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 Q2 2021 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 10.54 = 35

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover.

Operating Cycle

Broadcom Inc., operating cycle calculation (quarterly data)

No. days

Microsoft Excel LibreOffice Calc
May 2, 2021 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
Average inventory processing period 35 33 35 38 34 34 32 40 38 39 41 44 45 49 58 61 57 57 70 77 107 54 58
Average receivable collection period 35 37 35 42 51 59 53 58 58 63 58 54 51 48 51 52 47 46 60 73 76 56 55
Short-term Activity Ratio
Operating cycle1 70 70 70 80 85 93 85 98 96 102 99 98 96 97 109 113 104 103 130 150 183 110 113
Benchmarks
Operating Cycle, Competitors2
Advanced Micro Devices Inc. 166 171 188 199 179 194 190 188 167 147 133 128 112 104 145 137 132 111
Analog Devices Inc. 164 167 164 162 152 148 152 159 151 151 147 145 139 139 147 158 217 155 166 169 165 163 178
Applied Materials Inc. 200 204 213 222 219 215 217 213 205 199 198 204 201 187 193 195 197 195 196 195 197 181 183
Intel Corp. 122 122 133 132 151 146 145 146 138 133 133 132 135 141 142 131 121 116
Lam Research Corp. 224 209 204 200 185 167 161 158 169 179 188 186 194 164 178 187 187 183 187 183 164 174 192
Micron Technology Inc. 158 194 205 202 196 197 197 187 181 174 171 164 159 157 164 170 172 166 168 167 147 138 135
NVIDIA Corp. 163 155 141 147 160 162 170 176 140 110 123 133 145 144 146 146 124 101 106
Texas Instruments Inc. 164 173 188 188 177 167 174 174 175 175 177 174 172 165 170 173 164 162

Based on: 10-Q (filing date: 2021-06-11), 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 Q2 2021 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 35 + 35 = 70

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period.

Average Payables Payment Period

Broadcom Inc., average payables payment period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
May 2, 2021 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
Payables turnover 12.63 11.67 12.41 9.41 8.33 10.28 11.83 10.04 13.13 13.55 12.47 12.82 11.89 11.87 8.26 7.45 9.00 8.22 5.79 5.48 5.10 6.29 5.30
Short-term Activity Ratio (no. days)
Average payables payment period1 29 31 29 39 44 36 31 36 28 27 29 28 31 31 44 49 41 44 63 67 72 58 69
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Advanced Micro Devices Inc. 55 32 57 69 58 93 78 85 47 48 45 45 43 40 52 51 57 49
Analog Devices Inc. 50 42 43 41 37 40 42 41 38 41 48 39 36 37 42 45 47 46 52 49 51 42 54
Intel Corp. 56 59 55 55 55 51 61 61 53 51 51 60 66 45 55 57 51 39
Lam Research Corp. 41 41 40 35 32 29 26 27 21 24 32 42 30 36 38 43 46 39 39 42 25 29 37
NVIDIA Corp. 67 65 60 53 38 31 41 71 65 54 56 51 46 41 62 74 66 52 49
Qualcomm Inc. 79 83 89 87 87 74 58 62 63 53 65 60 53 61 73 57 48 62 70 61 57 50 46
Texas Instruments Inc. 38 29 30 30 26 27 27 28 32 32 33 33 33 32 30 31 30 28

Based on: 10-Q (filing date: 2021-06-11), 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 Q2 2021 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 12.63 = 29

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period.

Cash Conversion Cycle

Broadcom Inc., cash conversion cycle calculation (quarterly data)

No. days

Microsoft Excel LibreOffice Calc
May 2, 2021 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
Average inventory processing period 35 33 35 38 34 34 32 40 38 39 41 44 45 49 58 61 57 57 70 77 107 54 58
Average receivable collection period 35 37 35 42 51 59 53 58 58 63 58 54 51 48 51 52 47 46 60 73 76 56 55
Average payables payment period 29 31 29 39 44 36 31 36 28 27 29 28 31 31 44 49 41 44 63 67 72 58 69
Short-term Activity Ratio
Cash conversion cycle1 41 39 41 41 41 57 54 62 68 75 70 70 65 66 65 64 63 59 67 83 111 52 44
Benchmarks
Cash Conversion Cycle, Competitors2
Advanced Micro Devices Inc. 111 139 131 130 121 101 112 103 120 99 88 83 69 64 93 86 75 62
Analog Devices Inc. 114 125 121 121 115 108 110 118 113 110 99 106 103 102 105 113 170 109 114 120 114 121 124
Intel Corp. 66 63 78 77 96 95 84 85 85 82 82 72 69 96 87 74 70 77
Lam Research Corp. 183 168 164 165 153 138 135 131 148 155 156 144 164 128 140 144 141 144 148 141 139 145 155
NVIDIA Corp. 96 90 81 94 122 131 129 105 75 56 67 82 99 103 84 72 58 49 57
Texas Instruments Inc. 126 144 158 158 151 140 147 146 143 143 144 141 139 133 140 142 134 134

Based on: 10-Q (filing date: 2021-06-11), 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 Q2 2021 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 35 + 3529 = 41

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period.