Analysis of Short-term (Operating) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Short-term Activity Ratios (Summary)
Broadcom Inc., short-term (operating) activity ratios (quarterly data)
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)
| 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)
| 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)
| 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)
| 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)
| 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)
| 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
| 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)
| 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
| 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 + 35 – 29 = 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. |