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

Microchip Technology Inc., long-term (investment) activity ratios

	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018	Mar 31, 2017
Net fixed asset turnover	7.05	6.36	6.02	5.37	5.18	4.99
Net fixed asset turnover (including operating lease, right-of-use asset)	6.08	5.39	5.30	5.37	5.18	4.99
Total asset turnover	0.42	0.33	0.30	0.29	0.48	0.44
Equity turnover	1.16	1.02	0.94	1.01	1.21	1.04

Based on: 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31).

Long-term activity ratio	Description	The company
Net fixed asset turnover	An activity ratio calculated as total revenue divided by net fixed assets.	Microchip Technology Inc. net fixed asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.
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).	Microchip Technology Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2020 to 2021 and from 2021 to 2022.
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	Microchip Technology Inc. total asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.
Equity turnover	An activity ratio calculated as total revenue divided by shareholders’ equity.	Microchip Technology Inc. equity turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Microchip Technology Inc., net fixed asset turnover calculation, comparison to benchmarks

	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018	Mar 31, 2017
Selected Financial Data (US$ in thousands)
Net sales	6,820,900)	5,438,400)	5,274,200)	5,349,500)	3,980,800)	3,407,807)
Property, plant and equipment, net	967,900)	854,700)	876,100)	996,700)	767,900)	683,338)
Long-term Activity Ratio
Net fixed asset turnover¹	7.05	6.36	6.02	5.37	5.18	4.99
Benchmarks
Net Fixed Asset Turnover, Competitors²
Advanced Micro Devices Inc.	15.60	23.41	15.23	13.46	18.61	—
Analog Devices Inc.	5.00	3.70	5.00	4.91	5.37	4.61
Applied Materials Inc.	11.18	11.93	10.72	9.55	12.26	13.64
Broadcom Inc.	14.94	11.69	9.52	8.81	7.91	6.79
First Solar Inc.	0.74	1.10	1.13	1.40	1.28	—
Intel Corp.	0.78	1.25	1.38	1.30	1.45	—
KLA Corp.	10.84	10.44	11.17	10.18	14.10	12.25
Lam Research Corp.	10.46	11.22	9.37	9.12	12.27	11.69
Micron Technology Inc.	0.80	0.83	0.69	0.83	1.28	1.05
NVIDIA Corp.	9.69	7.76	6.52	8.34	9.74	—
ON Semiconductor Corp.	2.38	2.65	2.09	2.13	2.31	—
Qualcomm Inc.	8.55	7.36	6.34	7.88	7.64	6.93
Texas Instruments Inc.	2.91	3.57	4.42	4.35	4.96	—
Net Fixed Asset Turnover, Sector
Semiconductors & Semiconductor Equipment	2.08	2.29	2.10	2.11	2.46	—
Net Fixed Asset Turnover, Industry
Information Technology	4.27	4.58	4.36	4.40	4.66	—

Based on: 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31).

¹ 2022 Calculation
Net fixed asset turnover = Net sales ÷ Property, plant and equipment, net
= 6,820,900 ÷ 967,900 = 7.05

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.	Microchip Technology Inc. net fixed asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Microchip Technology Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018	Mar 31, 2017
Selected Financial Data (US$ in thousands)
Net sales	6,820,900)	5,438,400)	5,274,200)	5,349,500)	3,980,800)	3,407,807)

Property, plant and equipment, net	967,900)	854,700)	876,100)	996,700)	767,900)	683,338)
ROU assets	153,300)	154,300)	119,500)	—)	—)	—)
Property, plant and equipment, net (including operating lease, right-of-use asset)	1,121,200)	1,009,000)	995,600)	996,700)	767,900)	683,338)
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)¹	6.08	5.39	5.30	5.37	5.18	4.99
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors²
Advanced Micro Devices Inc.	11.96	15.37	11.50	9.55	18.61	—
Analog Devices Inc.	4.51	3.24	4.07	4.91	5.37	4.61
Applied Materials Inc.	9.56	10.35	9.27	9.55	12.26	13.64
Broadcom Inc.	12.12	9.35	7.71	8.81	7.91	6.79
First Solar Inc.	0.72	1.02	1.03	1.32	1.28	—
Intel Corp.	0.78	1.24	1.36	1.28	1.45	—
KLA Corp.	9.43	9.03	9.36	10.18	14.10	12.25
Lam Research Corp.	9.19	9.90	8.06	9.12	12.27	11.69
Micron Technology Inc.	0.78	0.82	0.68	0.83	1.28	1.05
NVIDIA Corp.	7.46	5.84	4.76	8.34	9.74	—
ON Semiconductor Corp.	2.22	2.48	1.98	2.04	2.31	—
Qualcomm Inc.	7.62	6.62	5.64	7.88	7.64	6.93
Texas Instruments Inc.	2.74	3.27	4.03	3.95	4.96	—
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Semiconductors & Semiconductor Equipment	2.01	2.20	2.02	2.08	2.46	—
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Information Technology	3.70	3.91	3.70	4.09	4.51	—

Based on: 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31).

¹ 2022 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Net sales ÷ Property, plant and equipment, net (including operating lease, right-of-use asset)
= 6,820,900 ÷ 1,121,200 = 6.08

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).	Microchip Technology Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2020 to 2021 and from 2021 to 2022.

Microchip Technology Inc., total asset turnover calculation, comparison to benchmarks

	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018	Mar 31, 2017
Selected Financial Data (US$ in thousands)
Net sales	6,820,900)	5,438,400)	5,274,200)	5,349,500)	3,980,800)	3,407,807)
Total assets	16,199,500)	16,478,800)	17,426,100)	18,350,000)	8,257,200)	7,686,881)
Long-term Activity Ratio
Total asset turnover¹	0.42	0.33	0.30	0.29	0.48	0.44
Benchmarks
Total Asset Turnover, Competitors²
Advanced Micro Devices Inc.	0.35	1.32	1.09	1.12	1.42	—
Analog Devices Inc.	0.24	0.14	0.26	0.28	0.30	0.24
Applied Materials Inc.	0.96	0.89	0.77	0.77	0.97	0.75
Broadcom Inc.	0.45	0.36	0.31	0.33	0.42	0.32
First Solar Inc.	0.32	0.39	0.38	0.41	0.32	—
Intel Corp.	0.35	0.47	0.51	0.53	0.55	—
KLA Corp.	0.73	0.67	0.63	0.51	0.72	0.63
Lam Research Corp.	1.00	0.92	0.69	0.80	0.89	0.66
Micron Technology Inc.	0.46	0.47	0.40	0.48	0.70	0.58
NVIDIA Corp.	0.61	0.58	0.63	0.88	0.86	—
ON Semiconductor Corp.	0.70	0.70	0.61	0.65	0.77	—
Qualcomm Inc.	0.90	0.81	0.66	0.74	0.70	0.34
Texas Instruments Inc.	0.74	0.74	0.75	0.80	0.92	—
Total Asset Turnover, Sector
Semiconductors & Semiconductor Equipment	0.50	0.53	0.51	0.55	0.62	—
Total Asset Turnover, Industry
Information Technology	0.59	0.57	0.52	0.54	0.57	—

Based on: 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31).

¹ 2022 Calculation
Total asset turnover = Net sales ÷ Total assets
= 6,820,900 ÷ 16,199,500 = 0.42

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.	Microchip Technology Inc. total asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Microchip Technology Inc., equity turnover calculation, comparison to benchmarks

	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018	Mar 31, 2017
Selected Financial Data (US$ in thousands)
Net sales	6,820,900)	5,438,400)	5,274,200)	5,349,500)	3,980,800)	3,407,807)
Stockholders’ equity	5,894,800)	5,337,100)	5,585,500)	5,287,500)	3,279,800)	3,270,711)
Long-term Activity Ratio
Equity turnover¹	1.16	1.02	0.94	1.01	1.21	1.04
Benchmarks
Equity Turnover, Competitors²
Advanced Micro Devices Inc.	0.43	2.19	1.67	2.38	5.11	—
Analog Devices Inc.	0.33	0.19	0.47	0.51	0.56	0.50
Applied Materials Inc.	2.11	1.88	1.63	1.78	2.52	1.55
Broadcom Inc.	1.46	1.10	1.00	0.91	0.78	0.87
First Solar Inc.	0.45	0.49	0.49	0.60	0.43	—
Intel Corp.	0.62	0.83	0.96	0.93	0.95	—
KLA Corp.	6.57	2.05	2.18	1.72	2.49	2.62
Lam Research Corp.	2.74	2.43	1.94	2.07	1.70	1.18
Micron Technology Inc.	0.62	0.63	0.55	0.65	0.94	1.09
NVIDIA Corp.	1.01	0.99	0.89	1.25	1.30	—
ON Semiconductor Corp.	1.35	1.47	1.49	1.67	1.85	—
Qualcomm Inc.	2.45	3.37	3.87	4.94	24.50	0.73
Texas Instruments Inc.	1.37	1.38	1.57	1.61	1.75	—
Equity Turnover, Sector
Semiconductors & Semiconductor Equipment	0.89	1.00	1.05	1.09	1.20	—
Equity Turnover, Industry
Information Technology	1.54	1.52	1.47	1.48	1.55	—

Based on: 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31).

¹ 2022 Calculation
Equity turnover = Net sales ÷ Stockholders’ equity
= 6,820,900 ÷ 5,894,800 = 1.16

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.	Microchip Technology Inc. equity turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Microchip Technology Inc. (NASDAQ:MCHP)

Analysis of Long-term (Investment) Activity Ratios

Long-term Activity Ratios (Summary)

Net Fixed Asset Turnover

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

Total Asset Turnover

Equity Turnover