Analysis of Long-term (Investment) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Lam Research Corp., long-term (investment) activity ratios
Based on: 10-K (filing date: 2020-08-18), 10-K (filing date: 2019-08-20), 10-K (filing date: 2018-08-14), 10-K (filing date: 2017-08-15), 10-K (filing date: 2016-08-17), 10-K (filing date: 2015-08-13).
Long-term activity ratio | Description | The company |
---|---|---|
Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Lam Research Corp.’s net fixed asset turnover ratio deteriorated from 2018 to 2019 but then slightly improved from 2019 to 2020. |
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). | Lam Research Corp.’s net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2018 to 2019 and from 2019 to 2020. |
Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Lam Research Corp.’s total asset turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020. |
Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Lam Research Corp.’s equity turnover ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020. |
Net Fixed Asset Turnover
Lam Research Corp., net fixed asset turnover calculation, comparison to benchmarks
Jun 28, 2020 | Jun 30, 2019 | Jun 24, 2018 | Jun 25, 2017 | Jun 26, 2016 | Jun 28, 2015 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Revenue | 10,044,736 | 9,653,559 | 11,076,998 | 8,013,620 | 5,885,893 | 5,259,312 | |
Property and equipment, net | 1,071,499 | 1,059,077 | 902,547 | 685,595 | 639,608 | 621,418 | |
Long-term Activity Ratio | |||||||
Net fixed asset turnover1 | 9.37 | 9.12 | 12.27 | 11.69 | 9.20 | 8.46 | |
Benchmarks | |||||||
Net Fixed Asset Turnover, Competitors2 | |||||||
Advanced Micro Devices Inc. | — | 13.46 | 18.61 | 20.42 | 26.05 | 21.23 | |
Analog Devices Inc. | 5.00 | 4.91 | 5.37 | 4.61 | 5.38 | 5.33 | |
Apple Inc. | 7.47 | 6.96 | 6.43 | 6.79 | 7.98 | 10.40 | |
Applied Materials Inc. | 10.72 | 9.55 | 12.26 | 13.64 | 11.55 | 10.83 | |
Broadcom Inc. | 9.52 | 8.81 | 7.91 | 6.79 | 5.28 | 4.67 | |
Cisco Systems Inc. | 20.10 | 18.61 | 16.41 | 14.45 | 14.05 | 14.75 | |
Intel Corp. | — | 1.30 | 1.45 | 1.53 | 1.64 | 1.74 | |
Micron Technology Inc. | 0.69 | 0.83 | 1.28 | 1.05 | 0.84 | 1.53 | |
NVIDIA Corp. | 6.52 | 8.34 | 9.74 | 13.26 | 10.75 | 8.40 | |
Qualcomm Inc. | 6.34 | 7.88 | 7.64 | 6.93 | 10.21 | 9.98 | |
Texas Instruments Inc. | — | 4.35 | 4.96 | 5.62 | 5.32 | 5.01 | |
Net Fixed Asset Turnover, Sector | |||||||
Technology Hardware & Equipment | — | 3.74 | 4.03 | 4.15 | 4.55 | 5.49 | |
Net Fixed Asset Turnover, Industry | |||||||
Technology | — | 3.38 | 3.69 | 3.99 | 4.42 | 5.20 |
Based on: 10-K (filing date: 2020-08-18), 10-K (filing date: 2019-08-20), 10-K (filing date: 2018-08-14), 10-K (filing date: 2017-08-15), 10-K (filing date: 2016-08-17), 10-K (filing date: 2015-08-13).
1 2020 Calculation
Net fixed asset turnover = Revenue ÷ Property and equipment, net
= 10,044,736 ÷ 1,071,499 = 9.37
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. | Lam Research Corp.’s net fixed asset turnover ratio deteriorated from 2018 to 2019 but then slightly improved from 2019 to 2020. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Lam Research Corp., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
Jun 28, 2020 | Jun 30, 2019 | Jun 24, 2018 | Jun 25, 2017 | Jun 26, 2016 | Jun 28, 2015 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Revenue | 10,044,736 | 9,653,559 | 11,076,998 | 8,013,620 | 5,885,893 | 5,259,312 | |
Property and equipment, net | 1,071,499 | 1,059,077 | 902,547 | 685,595 | 639,608 | 621,418 | |
Operating lease right-of-use assets (included in Other assets) | 174,583 | — | — | — | — | — | |
Property and equipment, net (including operating lease, right-of-use asset) | 1,246,082 | 1,059,077 | 902,547 | 685,595 | 639,608 | 621,418 | |
Long-term Activity Ratio | |||||||
Net fixed asset turnover (including operating lease, right-of-use asset)1 | 8.06 | 9.12 | 12.27 | 11.69 | 9.20 | 8.46 | |
Benchmarks | |||||||
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | |||||||
Advanced Micro Devices Inc. | — | 9.55 | 18.61 | 20.42 | 26.05 | 21.23 | |
Analog Devices Inc. | 4.07 | 4.91 | 5.37 | 4.61 | 5.38 | 5.33 | |
Apple Inc. | 6.06 | 6.96 | 6.43 | 6.79 | 7.98 | 10.40 | |
Applied Materials Inc. | 9.27 | 9.55 | 12.26 | 13.64 | 11.55 | 10.83 | |
Broadcom Inc. | 7.71 | 8.81 | 7.91 | 6.79 | 5.28 | 4.67 | |
Cisco Systems Inc. | 14.61 | 18.61 | 16.41 | 14.45 | 14.05 | 14.75 | |
Intel Corp. | — | 1.28 | 1.45 | 1.53 | 1.64 | 1.74 | |
Micron Technology Inc. | 0.68 | 0.83 | 1.28 | 1.05 | 0.84 | 1.53 | |
NVIDIA Corp. | 4.76 | 8.34 | 9.74 | 13.26 | 10.75 | 8.40 | |
Qualcomm Inc. | 5.64 | 7.88 | 7.64 | 6.93 | 10.21 | 9.98 | |
Texas Instruments Inc. | — | 3.95 | 4.96 | 5.62 | 5.32 | 5.01 | |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | |||||||
Technology Hardware & Equipment | — | 3.71 | 4.03 | 4.15 | 4.55 | 5.49 | |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | |||||||
Technology | — | 3.04 | 3.60 | 3.99 | 4.42 | 5.20 |
Based on: 10-K (filing date: 2020-08-18), 10-K (filing date: 2019-08-20), 10-K (filing date: 2018-08-14), 10-K (filing date: 2017-08-15), 10-K (filing date: 2016-08-17), 10-K (filing date: 2015-08-13).
1 2020 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenue ÷ Property and equipment, net (including operating lease, right-of-use asset)
= 10,044,736 ÷ 1,246,082 = 8.06
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). | Lam Research Corp.’s net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2018 to 2019 and from 2019 to 2020. |
Total Asset Turnover
Lam Research Corp., total asset turnover calculation, comparison to benchmarks
Jun 28, 2020 | Jun 30, 2019 | Jun 24, 2018 | Jun 25, 2017 | Jun 26, 2016 | Jun 28, 2015 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Revenue | 10,044,736 | 9,653,559 | 11,076,998 | 8,013,620 | 5,885,893 | 5,259,312 | |
Total assets | 14,559,047 | 12,001,333 | 12,479,478 | 12,122,765 | 12,271,528 | 9,364,648 | |
Long-term Activity Ratio | |||||||
Total asset turnover1 | 0.69 | 0.80 | 0.89 | 0.66 | 0.48 | 0.56 | |
Benchmarks | |||||||
Total Asset Turnover, Competitors2 | |||||||
Advanced Micro Devices Inc. | — | 1.12 | 1.42 | 1.51 | 1.29 | 1.28 | |
Analog Devices Inc. | 0.26 | 0.28 | 0.30 | 0.24 | 0.43 | 0.49 | |
Apple Inc. | 0.85 | 0.77 | 0.73 | 0.61 | 0.67 | 0.80 | |
Applied Materials Inc. | 0.77 | 0.77 | 0.97 | 0.75 | 0.74 | 0.63 | |
Broadcom Inc. | 0.31 | 0.33 | 0.42 | 0.32 | 0.26 | 0.64 | |
Cisco Systems Inc. | 0.52 | 0.53 | 0.45 | 0.37 | 0.40 | 0.43 | |
Intel Corp. | — | 0.53 | 0.55 | 0.51 | 0.52 | 0.54 | |
Micron Technology Inc. | 0.40 | 0.48 | 0.70 | 0.58 | 0.45 | 0.67 | |
NVIDIA Corp. | 0.63 | 0.88 | 0.86 | 0.70 | 0.68 | 0.65 | |
Qualcomm Inc. | 0.66 | 0.74 | 0.70 | 0.34 | 0.45 | 0.50 | |
Texas Instruments Inc. | — | 0.80 | 0.92 | 0.85 | 0.81 | 0.80 | |
Total Asset Turnover, Sector | |||||||
Technology Hardware & Equipment | — | 0.64 | 0.65 | 0.52 | 0.56 | 0.66 | |
Total Asset Turnover, Industry | |||||||
Technology | — | 0.56 | 0.57 | 0.49 | 0.53 | 0.59 |
Based on: 10-K (filing date: 2020-08-18), 10-K (filing date: 2019-08-20), 10-K (filing date: 2018-08-14), 10-K (filing date: 2017-08-15), 10-K (filing date: 2016-08-17), 10-K (filing date: 2015-08-13).
1 2020 Calculation
Total asset turnover = Revenue ÷ Total assets
= 10,044,736 ÷ 14,559,047 = 0.69
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. | Lam Research Corp.’s total asset turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020. |
Equity Turnover
Lam Research Corp., equity turnover calculation, comparison to benchmarks
Jun 28, 2020 | Jun 30, 2019 | Jun 24, 2018 | Jun 25, 2017 | Jun 26, 2016 | Jun 28, 2015 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Revenue | 10,044,736 | 9,653,559 | 11,076,998 | 8,013,620 | 5,885,893 | 5,259,312 | |
Stockholders’ equity | 5,172,494 | 4,673,865 | 6,501,851 | 6,817,451 | 5,894,517 | 5,103,144 | |
Long-term Activity Ratio | |||||||
Equity turnover1 | 1.94 | 2.07 | 1.70 | 1.18 | 1.00 | 1.03 | |
Benchmarks | |||||||
Equity Turnover, Competitors2 | |||||||
Advanced Micro Devices Inc. | — | 2.38 | 5.11 | 8.72 | 10.27 | — | |
Analog Devices Inc. | 0.47 | 0.51 | 0.56 | 0.50 | 0.66 | 0.68 | |
Apple Inc. | 4.20 | 2.88 | 2.48 | 1.71 | 1.68 | 1.96 | |
Applied Materials Inc. | 1.63 | 1.78 | 2.52 | 1.55 | 1.50 | 1.27 | |
Broadcom Inc. | 1.00 | 0.91 | 0.78 | 0.87 | 0.70 | 1.45 | |
Cisco Systems Inc. | 1.30 | 1.55 | 1.14 | 0.73 | 0.77 | 0.82 | |
Intel Corp. | — | 0.93 | 0.95 | 0.91 | 0.90 | 0.91 | |
Micron Technology Inc. | 0.55 | 0.65 | 0.94 | 1.09 | 1.03 | 1.32 | |
NVIDIA Corp. | 0.89 | 1.25 | 1.30 | 1.20 | 1.12 | 1.06 | |
Qualcomm Inc. | 3.87 | 4.94 | 24.50 | 0.73 | 0.74 | 0.80 | |
Texas Instruments Inc. | — | 1.61 | 1.75 | 1.45 | 1.28 | 1.31 | |
Equity Turnover, Sector | |||||||
Technology Hardware & Equipment | — | 1.65 | 1.61 | 1.19 | 1.17 | 1.33 | |
Equity Turnover, Industry | |||||||
Technology | — | 1.30 | 1.30 | 1.09 | 1.07 | 1.17 |
Based on: 10-K (filing date: 2020-08-18), 10-K (filing date: 2019-08-20), 10-K (filing date: 2018-08-14), 10-K (filing date: 2017-08-15), 10-K (filing date: 2016-08-17), 10-K (filing date: 2015-08-13).
1 2020 Calculation
Equity turnover = Revenue ÷ Stockholders’ equity
= 10,044,736 ÷ 5,172,494 = 1.94
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. | Lam Research Corp.’s equity turnover ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020. |