Stock Analysis on Net

Intel Corp. (NASDAQ:INTC)

Analysis of Long-term (Investment) Activity Ratios 

Microsoft Excel

Long-term Activity Ratios (Summary)

Intel Corp., long-term (investment) activity ratios

Microsoft Excel
Dec 25, 2021 Dec 26, 2020 Dec 28, 2019 Dec 29, 2018 Dec 30, 2017
Net fixed asset turnover 1.25 1.38 1.30 1.45 1.53
Net fixed asset turnover (including operating lease, right-of-use asset) 1.24 1.36 1.28 1.45 1.53
Total asset turnover 0.47 0.51 0.53 0.55 0.51
Equity turnover 0.83 0.96 0.93 0.95 0.91

Based on: 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Intel Corp. net fixed asset turnover ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.
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). Intel Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Intel Corp. total asset turnover ratio deteriorated from 2019 to 2020 and from 2020 to 2021.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Intel Corp. equity turnover ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.

Net Fixed Asset Turnover

Intel Corp., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 25, 2021 Dec 26, 2020 Dec 28, 2019 Dec 29, 2018 Dec 30, 2017
Selected Financial Data (US$ in millions)
Net revenue 79,024  77,867  71,965  70,848  62,761 
Property, plant and equipment, net 63,245  56,584  55,386  48,976  41,109 
Long-term Activity Ratio
Net fixed asset turnover1 1.25 1.38 1.30 1.45 1.53
Benchmarks
Net Fixed Asset Turnover, Competitors2
Advanced Micro Devices Inc. 23.41 15.23 13.46 18.61 20.42
Analog Devices Inc. 3.70 5.00 4.91 5.37 4.61
Applied Materials Inc. 11.93 10.72 9.55 12.26 13.64
Broadcom Inc. 11.69 9.52 8.81 7.91 6.79
First Solar Inc. 1.10 1.13 1.40 1.28 2.55
KLA Corp. 10.44 11.17 10.18 14.10 12.25
Lam Research Corp. 11.22 9.37 9.12 12.27 11.69
Micron Technology Inc. 0.83 0.69 0.83 1.28 1.05
NVIDIA Corp. 7.76 6.52 8.34 9.74 13.26
ON Semiconductor Corp. 2.65 2.09 2.13 2.31 2.43
Qualcomm Inc. 7.36 6.34 7.88 7.64 6.93
Texas Instruments Inc. 3.57 4.42 4.35 4.96 5.62
Net Fixed Asset Turnover, Sector
Semiconductors & Semiconductor Equipment 2.29 2.10 2.11 2.46 2.49
Net Fixed Asset Turnover, Industry
Information Technology 4.54 4.32 4.37 4.63 4.76

Based on: 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30).

1 2021 Calculation
Net fixed asset turnover = Net revenue ÷ Property, plant and equipment, net
= 79,024 ÷ 63,245 = 1.25

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. Intel Corp. net fixed asset turnover ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

Intel Corp., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel
Dec 25, 2021 Dec 26, 2020 Dec 28, 2019 Dec 29, 2018 Dec 30, 2017
Selected Financial Data (US$ in millions)
Net revenue 79,024  77,867  71,965  70,848  62,761 
 
Property, plant and equipment, net 63,245  56,584  55,386  48,976  41,109 
Operating lease assets (included in Other long-term assets) 549  604  628  —  — 
Property, plant and equipment, net (including operating lease, right-of-use asset) 63,794  57,188  56,014  48,976  41,109 
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 1.24 1.36 1.28 1.45 1.53
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Advanced Micro Devices Inc. 15.37 11.50 9.55 18.61 20.42
Analog Devices Inc. 3.24 4.07 4.91 5.37 4.61
Applied Materials Inc. 10.35 9.27 9.55 12.26 13.64
Broadcom Inc. 9.35 7.71 8.81 7.91 6.79
First Solar Inc. 1.02 1.03 1.32 1.28 2.55
KLA Corp. 9.03 9.36 10.18 14.10 12.25
Lam Research Corp. 9.90 8.06 9.12 12.27 11.69
Micron Technology Inc. 0.82 0.68 0.83 1.28 1.05
NVIDIA Corp. 5.84 4.76 8.34 9.74 13.26
ON Semiconductor Corp. 2.48 1.98 2.04 2.31 2.43
Qualcomm Inc. 6.62 5.64 7.88 7.64 6.93
Texas Instruments Inc. 3.27 4.03 3.95 4.96 5.62
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Semiconductors & Semiconductor Equipment 2.20 2.02 2.08 2.46 2.49
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Information Technology 3.88 3.67 4.07 4.48 4.76

Based on: 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30).

1 2021 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)
= 79,024 ÷ 63,794 = 1.24

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). Intel Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.

Total Asset Turnover

Intel Corp., total asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 25, 2021 Dec 26, 2020 Dec 28, 2019 Dec 29, 2018 Dec 30, 2017
Selected Financial Data (US$ in millions)
Net revenue 79,024  77,867  71,965  70,848  62,761 
Total assets 168,406  153,091  136,524  127,963  123,249 
Long-term Activity Ratio
Total asset turnover1 0.47 0.51 0.53 0.55 0.51
Benchmarks
Total Asset Turnover, Competitors2
Advanced Micro Devices Inc. 1.32 1.09 1.12 1.42 1.51
Analog Devices Inc. 0.14 0.26 0.28 0.30 0.24
Applied Materials Inc. 0.89 0.77 0.77 0.97 0.75
Broadcom Inc. 0.36 0.31 0.33 0.42 0.32
First Solar Inc. 0.39 0.38 0.41 0.32 0.43
KLA Corp. 0.67 0.63 0.51 0.72 0.63
Lam Research Corp. 0.92 0.69 0.80 0.89 0.66
Micron Technology Inc. 0.47 0.40 0.48 0.70 0.58
NVIDIA Corp. 0.58 0.63 0.88 0.86 0.70
ON Semiconductor Corp. 0.70 0.61 0.65 0.77 0.77
Qualcomm Inc. 0.81 0.66 0.74 0.70 0.34
Texas Instruments Inc. 0.74 0.75 0.80 0.92 0.85
Total Asset Turnover, Sector
Semiconductors & Semiconductor Equipment 0.53 0.51 0.55 0.62 0.50
Total Asset Turnover, Industry
Information Technology 0.59 0.54 0.56 0.57 0.49

Based on: 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30).

1 2021 Calculation
Total asset turnover = Net revenue ÷ Total assets
= 79,024 ÷ 168,406 = 0.47

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. Intel Corp. total asset turnover ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Equity Turnover

Intel Corp., equity turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 25, 2021 Dec 26, 2020 Dec 28, 2019 Dec 29, 2018 Dec 30, 2017
Selected Financial Data (US$ in millions)
Net revenue 79,024  77,867  71,965  70,848  62,761 
Stockholders’ equity 95,391  81,038  77,504  74,563  69,019 
Long-term Activity Ratio
Equity turnover1 0.83 0.96 0.93 0.95 0.91
Benchmarks
Equity Turnover, Competitors2
Advanced Micro Devices Inc. 2.19 1.67 2.38 5.11 8.72
Analog Devices Inc. 0.19 0.47 0.51 0.56 0.50
Applied Materials Inc. 1.88 1.63 1.78 2.52 1.55
Broadcom Inc. 1.10 1.00 0.91 0.78 0.87
First Solar Inc. 0.49 0.49 0.60 0.43 0.58
KLA Corp. 2.05 2.18 1.72 2.49 2.62
Lam Research Corp. 2.43 1.94 2.07 1.70 1.18
Micron Technology Inc. 0.63 0.55 0.65 0.94 1.09
NVIDIA Corp. 0.99 0.89 1.25 1.30 1.20
ON Semiconductor Corp. 1.47 1.49 1.67 1.85 1.99
Qualcomm Inc. 3.37 3.87 4.94 24.50 0.73
Texas Instruments Inc. 1.38 1.57 1.61 1.75 1.45
Equity Turnover, Sector
Semiconductors & Semiconductor Equipment 1.00 1.05 1.09 1.20 0.99
Equity Turnover, Industry
Information Technology 1.60 1.57 1.59 1.56 1.26

Based on: 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30).

1 2021 Calculation
Equity turnover = Net revenue ÷ Stockholders’ equity
= 79,024 ÷ 95,391 = 0.83

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. Intel Corp. equity turnover ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.