Stock Analysis on Net

Intel Corp. (NASDAQ:INTC)

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

Microsoft Excel

Short-term Activity Ratios (Summary)

Intel Corp., short-term (operating) activity ratios (quarterly data)

Microsoft Excel
Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Dec 25, 2021 Sep 25, 2021 Jun 26, 2021 Mar 27, 2021 Dec 26, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019
Turnover Ratios
Inventory turnover 2.92 2.85 2.78 2.68 2.74 2.90 3.02 2.97 3.27 3.50 3.91 4.15 4.06 3.66 3.71 3.32 3.41
Receivables turnover 15.94 18.59 18.04 14.66 15.26 9.31 12.11 10.98 8.36 9.34 10.40 10.78 11.48 10.94 10.61 8.96 9.40
Payables turnover 3.79 3.77 3.81 4.30 3.77 5.21 4.63 4.92 6.13 5.05 5.82 6.49 6.14 6.58 6.59 6.61 7.23
Working capital turnover 3.56 3.48 3.34 2.70 3.45 3.24 3.14 2.34 2.61 2.47 3.16 3.59 3.46 5.32 3.60 4.30 8.06
Average No. Days
Average inventory processing period 125 128 131 136 133 126 121 123 112 104 93 88 90 100 98 110 107
Add: Average receivable collection period 23 20 20 25 24 39 30 33 44 39 35 34 32 33 34 41 39
Operating cycle 148 148 151 161 157 165 151 156 156 143 128 122 122 133 132 151 146
Less: Average payables payment period 96 97 96 85 97 70 79 74 60 72 63 56 59 55 55 55 51
Cash conversion cycle 52 51 55 76 60 95 72 82 96 71 65 66 63 78 77 96 95

Based on: 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Intel Corp. inventory turnover ratio improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Receivables turnover An activity ratio equal to revenue divided by receivables. Intel Corp. receivables turnover ratio improved from Q2 2023 to Q3 2023 but then deteriorated significantly from Q3 2023 to Q4 2023.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Intel Corp. payables turnover ratio decreased from Q2 2023 to Q3 2023 but then slightly increased from Q3 2023 to Q4 2023.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Intel Corp. working capital turnover ratio improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.

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. Intel Corp. number of days of inventory outstanding improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
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. Intel Corp. cash conversion cycle improved from Q2 2023 to Q3 2023 but then slightly deteriorated from Q3 2023 to Q4 2023.

Inventory Turnover

Intel Corp., inventory turnover calculation (quarterly data)

Microsoft Excel
Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Dec 25, 2021 Sep 25, 2021 Jun 26, 2021 Mar 27, 2021 Dec 26, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019
Selected Financial Data (US$ in millions)
Cost of sales 8,359 8,140 8,311 7,707 8,542 8,803 9,734 9,109 9,519 8,446 8,425 8,819 8,630 8,592 9,221 7,812 8,331 7,895 6,627 6,972
Inventories 11,127 11,466 11,984 12,993 13,224 12,831 12,174 11,935 10,776 9,798 8,817 8,487 8,427 9,273 8,969 9,246 8,744 8,638 8,696 7,765
Short-term Activity Ratio
Inventory turnover1 2.92 2.85 2.78 2.68 2.74 2.90 3.02 2.97 3.27 3.50 3.91 4.15 4.06 3.66 3.71 3.32 3.41
Benchmarks
Inventory Turnover, Competitors2
Advanced Micro Devices Inc. 2.81 2.74 2.70 3.05 3.45 3.62 4.24 4.00 4.35 4.15 4.10 3.81 3.87 3.72 3.21 3.86 3.93
Analog Devices Inc. 2.70 2.61 2.68 2.84 3.20 3.82 3.78 3.66 2.33 3.16 3.16 3.18 3.14 3.12 3.23 3.28 3.24 3.10 3.29 3.35
Applied Materials Inc. 2.47 2.45 2.41 2.32 2.33 2.42 2.60 2.79 2.82 2.80 2.65 2.55 2.44 2.30 2.32 2.43 2.37 2.36 2.39 2.50
Broadcom Inc. 5.86 6.10 6.00 5.98 5.77 5.92 6.40 6.95 8.18 9.10 10.44 11.01 10.34 9.51 10.76 10.73 11.57 9.16 9.63 9.31
KLA Corp. 1.47 1.54 1.63 1.59 1.67 1.71 1.75 1.73 1.76 1.81 1.76 1.77 1.87 1.91 1.85 1.67 1.48 1.26 1.53 1.48
Lam Research Corp. 2.00 2.14 2.16 2.24 2.36 2.60 2.89 2.95 2.91 2.78 2.71 2.77 2.86 3.11 3.42 3.51 3.44 3.49 3.44 3.12
Micron Technology Inc. 2.02 2.01 2.06 1.91 2.53 3.06 3.14 3.60 3.85 3.73 3.43 2.74 2.65 2.66 2.62 2.67 2.48 2.55 2.88 3.29
NVIDIA Corp. 2.25 2.70 3.02 3.25 3.62 3.87 3.75 3.63 3.44 3.69 3.47 3.81 4.24 3.88 3.50 3.04 2.89
ON Semiconductor Corp. 2.07 2.10 2.22 2.37 2.63 2.65 2.60 2.71 2.92 2.98 2.91 2.80 2.83 2.74 2.75 2.83 2.88
Qualcomm Inc. 2.47 2.54 2.61 2.65 2.94 3.27 3.58 3.90 4.42 4.18 4.41 4.17 3.56 3.67 5.08 6.00 6.14 5.26 5.63 5.75
Texas Instruments Inc. 1.63 1.65 1.70 1.92 2.27 2.56 2.74 2.88 3.12 3.18 3.12 2.88 2.66 2.42 2.33 2.56 2.61

Based on: 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).

1 Q4 2023 Calculation
Inventory turnover = (Cost of salesQ4 2023 + Cost of salesQ3 2023 + Cost of salesQ2 2023 + Cost of salesQ1 2023) ÷ Inventories
= (8,359 + 8,140 + 8,311 + 7,707) ÷ 11,127 = 2.92

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. Intel Corp. inventory turnover ratio improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.

Receivables Turnover

Intel Corp., receivables turnover calculation (quarterly data)

Microsoft Excel
Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Dec 25, 2021 Sep 25, 2021 Jun 26, 2021 Mar 27, 2021 Dec 26, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019
Selected Financial Data (US$ in millions)
Net revenue 15,406 14,158 12,949 11,715 14,042 15,338 15,321 18,353 20,528 19,192 19,631 19,673 19,978 18,333 19,728 19,828 20,209 19,190 16,505 16,061
Accounts receivable, net 3,402 2,843 2,996 3,847 4,133 7,469 6,063 7,074 9,457 8,400 7,460 7,208 6,782 7,140 7,441 8,455 7,659 6,880 6,233 6,957
Short-term Activity Ratio
Receivables turnover1 15.94 18.59 18.04 14.66 15.26 9.31 12.11 10.98 8.36 9.34 10.40 10.78 11.48 10.94 10.61 8.96 9.40
Benchmarks
Receivables Turnover, Competitors2
Advanced Micro Devices Inc. 4.22 4.37 5.07 5.71 5.72 5.26 5.33 5.13 6.07 6.68 6.60 5.24 4.73 4.05 4.27 4.28 3.62
Analog Devices Inc. 8.37 7.94 7.96 7.72 6.67 6.37 6.07 5.16 5.02 7.90 7.62 7.08 7.60 8.10 9.42 9.85 9.43 8.91 9.09 8.72
Applied Materials Inc. 5.13 5.08 4.83 4.88 4.25 5.08 5.09 5.49 4.66 5.66 5.87 5.98 5.81 5.80 5.88 5.61 5.77 6.27 6.97 6.87
Broadcom Inc. 11.36 12.17 11.56 10.64 11.22 11.70 9.73 11.23 13.25 11.87 10.54 9.78 10.40 8.64 7.13 6.21 6.93 6.29 6.26 5.80
KLA Corp. 5.99 5.48 4.59 5.30 5.08 5.34 4.72 5.10 5.30 5.37 4.98 5.77 5.24 5.01 4.43 4.59 4.61 4.57 6.54 6.91
Lam Research Corp. 6.17 5.78 4.68 3.94 3.99 4.52 4.86 4.64 4.83 4.72 4.11 4.77 4.79 4.39 4.70 5.80 6.63 6.84 5.82 5.92
Micron Technology Inc. 6.36 7.48 10.12 8.18 6.00 5.20 5.79 5.64 5.22 6.02 7.01 5.98 5.48 5.62 6.43 6.04 7.33 8.28 6.79 5.81
NVIDIA Corp. 7.05 5.82 5.59 5.43 5.79 6.14 6.11 6.37 6.86 5.80 6.27 6.18 6.59 6.89 6.52 8.64 8.23
ON Semiconductor Corp. 8.82 8.70 8.84 9.47 9.89 9.41 6.69 7.91 8.33 8.81 8.84 7.99 7.77 7.16 7.90 8.30 7.83
Texas Instruments Inc. 9.80 9.17 9.62 10.39 10.57 9.90 8.95 10.56 10.78 10.64 10.54 9.74 10.23 9.87 11.64 10.73 13.39

Based on: 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).

1 Q4 2023 Calculation
Receivables turnover = (Net revenueQ4 2023 + Net revenueQ3 2023 + Net revenueQ2 2023 + Net revenueQ1 2023) ÷ Accounts receivable, net
= (15,406 + 14,158 + 12,949 + 11,715) ÷ 3,402 = 15.94

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. Intel Corp. receivables turnover ratio improved from Q2 2023 to Q3 2023 but then deteriorated significantly from Q3 2023 to Q4 2023.

Payables Turnover

Intel Corp., payables turnover calculation (quarterly data)

Microsoft Excel
Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Dec 25, 2021 Sep 25, 2021 Jun 26, 2021 Mar 27, 2021 Dec 26, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019
Selected Financial Data (US$ in millions)
Cost of sales 8,359 8,140 8,311 7,707 8,542 8,803 9,734 9,109 9,519 8,446 8,425 8,819 8,630 8,592 9,221 7,812 8,331 7,895 6,627 6,972
Accounts payable 8,578 8,669 8,757 8,083 9,595 7,133 7,945 7,210 5,747 6,792 5,917 5,434 5,581 5,159 5,045 4,638 4,128 4,809 4,682 4,059
Short-term Activity Ratio
Payables turnover1 3.79 3.77 3.81 4.30 3.77 5.21 4.63 4.92 6.13 5.05 5.82 6.49 6.14 6.58 6.59 6.61 7.23
Benchmarks
Payables Turnover, Competitors2
Advanced Micro Devices Inc. 5.95 5.42 4.43 5.13 5.21 5.22 7.39 6.58 6.44 7.54 8.66 6.64 11.57 6.38 5.30 6.25 3.91
Analog Devices Inc. 8.98 7.62 7.76 8.09 7.70 8.43 9.01 8.17 6.30 7.82 7.25 8.66 8.42 8.85 9.83 9.12 8.78 8.99 9.60 8.92
Broadcom Inc. 9.20 11.34 13.62 12.31 11.13 15.27 9.98 9.80 9.77 10.91 12.63 11.67 12.41 9.41 8.33 10.28 11.83 10.04 13.13 13.55
KLA Corp. 11.37 10.30 7.77 7.96 8.10 7.98 8.43 7.79 8.10 8.88 9.53 9.69 9.27 9.95 9.03 9.45 9.24 8.02 10.07 9.52
Lam Research Corp. 20.50 17.34 11.33 8.52 9.25 8.99 9.31 10.12 9.43 9.33 8.82 8.94 9.18 10.43 11.56 12.52 14.06 13.60 17.03 15.23
NVIDIA Corp. 9.74 8.08 4.86 5.13 5.29 5.19 5.38 5.94 5.23 5.03 5.44 5.65 6.04 6.87 9.66 11.77 8.89
ON Semiconductor Corp. 6.02 4.80 4.81 4.41 4.99 5.28 5.12 5.58 6.34 6.61 6.25 5.99 6.18 6.56 6.76 7.04 6.52
Qualcomm Inc. 8.30 9.67 12.50 7.17 4.91 4.72 4.37 4.28 5.19 4.83 4.62 4.38 4.12 4.21 4.19 4.96 6.29 5.88 5.82 6.87
Texas Instruments Inc. 8.10 9.03 6.87 6.63 7.35 7.89 8.46 9.27 9.14 9.93 9.86 9.60 12.51 12.20 12.17 14.12 13.45

Based on: 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).

1 Q4 2023 Calculation
Payables turnover = (Cost of salesQ4 2023 + Cost of salesQ3 2023 + Cost of salesQ2 2023 + Cost of salesQ1 2023) ÷ Accounts payable
= (8,359 + 8,140 + 8,311 + 7,707) ÷ 8,578 = 3.79

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. Intel Corp. payables turnover ratio decreased from Q2 2023 to Q3 2023 but then slightly increased from Q3 2023 to Q4 2023.

Working Capital Turnover

Intel Corp., working capital turnover calculation (quarterly data)

Microsoft Excel
Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Dec 25, 2021 Sep 25, 2021 Jun 26, 2021 Mar 27, 2021 Dec 26, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019
Selected Financial Data (US$ in millions)
Current assets 43,269 43,811 43,356 48,314 50,407 49,263 50,588 62,568 57,718 61,304 49,372 45,773 47,249 36,785 44,390 41,501 31,239 29,957 29,239 29,060
Less: Current liabilities 28,053 28,614 27,180 27,393 32,155 27,813 27,218 29,322 27,462 29,572 24,836 24,151 24,754 22,112 22,481 23,895 22,310 25,064 19,705 18,911
Working capital 15,216 15,197 16,176 20,921 18,252 21,450 23,370 33,246 30,256 31,732 24,536 21,622 22,495 14,673 21,909 17,606 8,929 4,893 9,534 10,149
 
Net revenue 15,406 14,158 12,949 11,715 14,042 15,338 15,321 18,353 20,528 19,192 19,631 19,673 19,978 18,333 19,728 19,828 20,209 19,190 16,505 16,061
Short-term Activity Ratio
Working capital turnover1 3.56 3.48 3.34 2.70 3.45 3.24 3.14 2.34 2.61 2.47 3.16 3.59 3.46 5.32 3.60 4.30 8.06
Benchmarks
Working Capital Turnover, Competitors2
Advanced Micro Devices Inc. 2.25 2.44 2.45 2.54 2.73 2.95 2.72 2.42 3.78 3.36 2.71 2.64 2.62 2.80 2.86 3.01 3.01
Analog Devices Inc. 10.40 6.41 6.13 4.61 4.81 4.94 4.23 3.50 2.81 21.89 49.24 6.18 4.86 6.92 11.81 40.91 12.57 11.74 8.72 5.48
Applied Materials Inc. 2.25 2.49 2.69 2.77 3.02 2.93 2.89 2.56 2.36 2.14 1.95 1.86 1.93 2.04 1.94 2.42 2.54 2.38 2.44 2.58
Broadcom Inc. 2.66 3.23 3.38 3.03 2.90 3.58 3.80 3.15 2.66 2.90 3.27 3.25 4.32 3.32 3.00 5.19 7.49 8.51 10.03 9.45
KLA Corp. 2.27 2.31 2.25 2.19 2.14 2.30 2.08 2.06 1.93 1.91 1.90 1.97 1.92 2.10 1.99 2.03 1.79 1.60 1.43 1.30
Lam Research Corp. 1.93 2.03 2.08 2.10 2.23 2.18 2.01 2.04 1.80 1.72 1.51 1.41 1.31 1.32 1.62 1.49 1.56 1.57 2.10 2.33
Micron Technology Inc. 0.94 1.09 1.39 1.66 2.16 2.06 2.14 2.17 2.05 1.95 1.98 2.04 1.89 1.73 1.93 2.10 2.31 2.79 3.26 3.20
NVIDIA Corp. 1.63 1.75 1.50 1.23 1.10 1.09 1.03 1.36 1.37 1.38 1.06 0.67 0.92 0.92 1.01 1.14 1.27
ON Semiconductor Corp. 2.21 2.32 2.42 2.66 2.27 2.27 2.48 2.57 3.01 2.88 3.33 3.75 3.48 2.59 2.22 2.36 4.59
Qualcomm Inc. 2.79 3.21 3.66 3.90 4.99 5.88 4.80 4.53 4.13 3.96 3.19 2.53 2.39 2.62 4.47 3.50 3.10 3.03 3.66 3.75
Texas Instruments Inc. 1.48 1.46 1.47 1.61 1.81 1.84 1.87 1.65 1.65 1.57 1.87 1.77 1.84 1.94 2.16 2.38 2.17

Based on: 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).

1 Q4 2023 Calculation
Working capital turnover = (Net revenueQ4 2023 + Net revenueQ3 2023 + Net revenueQ2 2023 + Net revenueQ1 2023) ÷ Working capital
= (15,406 + 14,158 + 12,949 + 11,715) ÷ 15,216 = 3.56

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. Intel Corp. working capital turnover ratio improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.

Average Inventory Processing Period

Intel Corp., average inventory processing period calculation (quarterly data)

Microsoft Excel
Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Dec 25, 2021 Sep 25, 2021 Jun 26, 2021 Mar 27, 2021 Dec 26, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019
Selected Financial Data
Inventory turnover 2.92 2.85 2.78 2.68 2.74 2.90 3.02 2.97 3.27 3.50 3.91 4.15 4.06 3.66 3.71 3.32 3.41
Short-term Activity Ratio (no. days)
Average inventory processing period1 125 128 131 136 133 126 121 123 112 104 93 88 90 100 98 110 107
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Advanced Micro Devices Inc. 130 133 135 120 106 101 86 91 84 88 89 96 94 98 114 94 93
Analog Devices Inc. 135 140 136 129 114 96 97 100 157 115 116 115 116 117 113 111 113 118 111 109
Applied Materials Inc. 148 149 152 157 157 151 140 131 129 130 138 143 150 159 157 150 154 155 153 146
Broadcom Inc. 62 60 61 61 63 62 57 53 45 40 35 33 35 38 34 34 32 40 38 39
KLA Corp. 249 237 225 230 218 214 208 211 207 202 207 206 195 191 197 219 247 291 239 246
Lam Research Corp. 182 171 169 163 155 140 126 124 126 131 135 132 128 117 107 104 106 105 106 117
Micron Technology Inc. 181 182 177 192 144 119 116 101 95 98 106 133 138 137 139 137 147 143 127 111
NVIDIA Corp. 162 135 121 112 101 94 97 100 106 99 105 96 86 94 104 120 126
ON Semiconductor Corp. 176 174 164 154 139 138 140 135 125 122 125 130 129 133 133 129 127
Qualcomm Inc. 148 144 140 138 124 112 102 93 83 87 83 88 102 99 72 61 59 69 65 63
Texas Instruments Inc. 225 222 215 190 161 143 133 127 117 115 117 127 137 151 157 143 140

Based on: 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).

1 Q4 2023 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 2.92 = 125

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. Intel Corp. number of days of inventory outstanding improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.

Average Receivable Collection Period

Intel Corp., average receivable collection period calculation (quarterly data)

Microsoft Excel
Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Dec 25, 2021 Sep 25, 2021 Jun 26, 2021 Mar 27, 2021 Dec 26, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019
Selected Financial Data
Receivables turnover 15.94 18.59 18.04 14.66 15.26 9.31 12.11 10.98 8.36 9.34 10.40 10.78 11.48 10.94 10.61 8.96 9.40
Short-term Activity Ratio (no. days)
Average receivable collection period1 23 20 20 25 24 39 30 33 44 39 35 34 32 33 34 41 39
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Advanced Micro Devices Inc. 87 83 72 64 64 69 69 71 60 55 55 70 77 90 85 85 101
Analog Devices Inc. 44 46 46 47 55 57 60 71 73 46 48 52 48 45 39 37 39 41 40 42
Applied Materials Inc. 71 72 76 75 86 72 72 67 78 65 62 61 63 63 62 65 63 58 52 53
Broadcom Inc. 32 30 32 34 33 31 38 33 28 31 35 37 35 42 51 59 53 58 58 63
KLA Corp. 61 67 79 69 72 68 77 72 69 68 73 63 70 73 82 80 79 80 56 53
Lam Research Corp. 59 63 78 93 91 81 75 79 76 77 89 77 76 83 78 63 55 53 63 62
Micron Technology Inc. 57 49 36 45 61 70 63 65 70 61 52 61 67 65 57 60 50 44 54 63
NVIDIA Corp. 52 63 65 67 63 59 60 57 53 63 58 59 55 53 56 42 44
ON Semiconductor Corp. 41 42 41 39 37 39 55 46 44 41 41 46 47 51 46 44 47
Texas Instruments Inc. 37 40 38 35 35 37 41 35 34 34 35 37 36 37 31 34 27

Based on: 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).

1 Q4 2023 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 15.94 = 23

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

Intel Corp., operating cycle calculation (quarterly data)

No. days

Microsoft Excel
Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Dec 25, 2021 Sep 25, 2021 Jun 26, 2021 Mar 27, 2021 Dec 26, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019
Selected Financial Data
Average inventory processing period 125 128 131 136 133 126 121 123 112 104 93 88 90 100 98 110 107
Average receivable collection period 23 20 20 25 24 39 30 33 44 39 35 34 32 33 34 41 39
Short-term Activity Ratio
Operating cycle1 148 148 151 161 157 165 151 156 156 143 128 122 122 133 132 151 146
Benchmarks
Operating Cycle, Competitors2
Advanced Micro Devices Inc. 217 216 207 184 170 170 155 162 144 143 144 166 171 188 199 179 194
Analog Devices Inc. 179 186 182 176 169 153 157 171 230 161 164 167 164 162 152 148 152 159 151 151
Applied Materials Inc. 219 221 228 232 243 223 212 198 207 195 200 204 213 222 219 215 217 213 205 199
Broadcom Inc. 94 90 93 95 96 93 95 86 73 71 70 70 70 80 85 93 85 98 96 102
KLA Corp. 310 304 304 299 290 282 285 283 276 270 280 269 265 264 279 299 326 371 295 299
Lam Research Corp. 241 234 247 256 246 221 201 203 202 208 224 209 204 200 185 167 161 158 169 179
Micron Technology Inc. 238 231 213 237 205 189 179 166 165 159 158 194 205 202 196 197 197 187 181 174
NVIDIA Corp. 214 198 186 179 164 153 157 157 159 162 163 155 141 147 160 162 170
ON Semiconductor Corp. 217 216 205 193 176 177 195 181 169 163 166 176 176 184 179 173 174
Texas Instruments Inc. 262 262 253 225 196 180 174 162 151 149 152 164 173 188 188 177 167

Based on: 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).

1 Q4 2023 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 125 + 23 = 148

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

Intel Corp., average payables payment period calculation (quarterly data)

Microsoft Excel
Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Dec 25, 2021 Sep 25, 2021 Jun 26, 2021 Mar 27, 2021 Dec 26, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019
Selected Financial Data
Payables turnover 3.79 3.77 3.81 4.30 3.77 5.21 4.63 4.92 6.13 5.05 5.82 6.49 6.14 6.58 6.59 6.61 7.23
Short-term Activity Ratio (no. days)
Average payables payment period1 96 97 96 85 97 70 79 74 60 72 63 56 59 55 55 55 51
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Advanced Micro Devices Inc. 61 67 82 71 70 70 49 55 57 48 42 55 32 57 69 58 93
Analog Devices Inc. 41 48 47 45 47 43 41 45 58 47 50 42 43 41 37 40 42 41 38 41
Broadcom Inc. 40 32 27 30 33 24 37 37 37 33 29 31 29 39 44 36 31 36 28 27
KLA Corp. 32 35 47 46 45 46 43 47 45 41 38 38 39 37 40 39 40 46 36 38
Lam Research Corp. 18 21 32 43 39 41 39 36 39 39 41 41 40 35 32 29 26 27 21 24
NVIDIA Corp. 37 45 75 71 69 70 68 61 70 72 67 65 60 53 38 31 41
ON Semiconductor Corp. 61 76 76 83 73 69 71 65 58 55 58 61 59 56 54 52 56
Qualcomm Inc. 44 38 29 51 74 77 83 85 70 76 79 83 89 87 87 74 58 62 63 53
Texas Instruments Inc. 45 40 53 55 50 46 43 39 40 37 37 38 29 30 30 26 27

Based on: 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).

1 Q4 2023 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 3.79 = 96

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

Intel Corp., cash conversion cycle calculation (quarterly data)

No. days

Microsoft Excel
Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Dec 25, 2021 Sep 25, 2021 Jun 26, 2021 Mar 27, 2021 Dec 26, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019
Selected Financial Data
Average inventory processing period 125 128 131 136 133 126 121 123 112 104 93 88 90 100 98 110 107
Average receivable collection period 23 20 20 25 24 39 30 33 44 39 35 34 32 33 34 41 39
Average payables payment period 96 97 96 85 97 70 79 74 60 72 63 56 59 55 55 55 51
Short-term Activity Ratio
Cash conversion cycle1 52 51 55 76 60 95 72 82 96 71 65 66 63 78 77 96 95
Benchmarks
Cash Conversion Cycle, Competitors2
Advanced Micro Devices Inc. 156 149 125 113 100 100 106 107 87 95 102 111 139 131 130 121 101
Analog Devices Inc. 138 138 135 131 122 110 116 126 172 114 114 125 121 121 115 108 110 118 113 110
Broadcom Inc. 54 58 66 65 63 69 58 49 36 38 41 39 41 41 41 57 54 62 68 75
KLA Corp. 278 269 257 253 245 236 242 236 231 229 242 231 226 227 239 260 286 325 259 261
Lam Research Corp. 223 213 215 213 207 180 162 167 163 169 183 168 164 165 153 138 135 131 148 155
NVIDIA Corp. 177 153 111 108 95 83 89 96 89 90 96 90 81 94 122 131 129
ON Semiconductor Corp. 156 140 129 110 103 108 124 116 111 108 108 115 117 128 125 121 118
Texas Instruments Inc. 217 222 200 170 146 134 131 123 111 112 115 126 144 158 158 151 140

Based on: 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).

1 Q4 2023 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 125 + 2396 = 52

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. Intel Corp. cash conversion cycle improved from Q2 2023 to Q3 2023 but then slightly deteriorated from Q3 2023 to Q4 2023.