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)
Microchip Technology Inc., long-term (investment) activity ratios
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. |
Net Fixed Asset Turnover
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 | — | — | — | |
| Analog Devices Inc. | 5.00 | 3.70 | 5.00 | 4.91 | — | — | |
| Applied Materials Inc. | 11.18 | 11.93 | 10.72 | 9.55 | — | — | |
| Broadcom Inc. | 14.94 | 11.69 | 9.52 | 8.81 | — | — | |
| Intel Corp. | 0.78 | 1.25 | 1.38 | — | — | — | |
| KLA Corp. | 10.84 | 10.44 | 11.17 | 10.18 | — | — | |
| Lam Research Corp. | 10.46 | 11.22 | 9.37 | 9.12 | — | — | |
| Micron Technology Inc. | 0.80 | 0.83 | 0.69 | 0.83 | — | — | |
| Monolithic Power Systems Inc. | 5.02 | 3.33 | 3.00 | — | — | — | |
| NVIDIA Corp. | 9.69 | 7.76 | 6.52 | — | — | — | |
| Qualcomm Inc. | 8.55 | 7.36 | 6.34 | 7.88 | — | — | |
| Texas Instruments Inc. | 2.91 | 3.57 | 4.42 | — | — | — | |
| Net Fixed Asset Turnover, Sector | |||||||
| Semiconductors & Semiconductor Equipment | 2.11 | 2.32 | 2.13 | — | — | — | |
| Net Fixed Asset Turnover, Industry | |||||||
| Information Technology | 4.44 | 4.74 | 4.57 | — | — | — | |
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
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. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
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 | — | — | — | |
| Analog Devices Inc. | 4.51 | 3.24 | 4.07 | 4.91 | — | — | |
| Applied Materials Inc. | 9.56 | 10.35 | 9.27 | 9.55 | — | — | |
| Broadcom Inc. | 12.12 | 9.35 | 7.71 | 8.81 | — | — | |
| Intel Corp. | 0.78 | 1.24 | 1.36 | — | — | — | |
| KLA Corp. | 9.43 | 9.03 | 9.36 | 10.18 | — | — | |
| Lam Research Corp. | 9.19 | 9.90 | 8.06 | 9.12 | — | — | |
| Micron Technology Inc. | 0.78 | 0.82 | 0.68 | 0.83 | — | — | |
| Monolithic Power Systems Inc. | 4.96 | 3.27 | 2.96 | — | — | — | |
| NVIDIA Corp. | 7.46 | 5.84 | 4.76 | — | — | — | |
| Qualcomm Inc. | 7.62 | 6.62 | 5.64 | 7.88 | — | — | |
| Texas Instruments Inc. | 2.74 | 3.27 | 4.03 | — | — | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | |||||||
| Semiconductors & Semiconductor Equipment | 2.04 | 2.23 | 2.05 | — | — | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | |||||||
| Information Technology | 3.84 | 4.02 | 3.86 | — | — | — | |
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. |
Total Asset Turnover
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 | — | — | — | |
| Analog Devices Inc. | 0.24 | 0.14 | 0.26 | 0.28 | — | — | |
| Applied Materials Inc. | 0.96 | 0.89 | 0.77 | 0.77 | — | — | |
| Broadcom Inc. | 0.45 | 0.36 | 0.31 | 0.33 | — | — | |
| Intel Corp. | 0.35 | 0.47 | 0.51 | — | — | — | |
| KLA Corp. | 0.73 | 0.67 | 0.63 | 0.51 | — | — | |
| Lam Research Corp. | 1.00 | 0.92 | 0.69 | 0.80 | — | — | |
| Micron Technology Inc. | 0.46 | 0.47 | 0.40 | 0.48 | — | — | |
| Monolithic Power Systems Inc. | 0.87 | 0.76 | 0.70 | — | — | — | |
| NVIDIA Corp. | 0.61 | 0.58 | 0.63 | — | — | — | |
| Qualcomm Inc. | 0.90 | 0.81 | 0.66 | 0.74 | — | — | |
| Texas Instruments Inc. | 0.74 | 0.74 | 0.75 | — | — | — | |
| Total Asset Turnover, Sector | |||||||
| Semiconductors & Semiconductor Equipment | 0.50 | 0.53 | 0.51 | — | — | — | |
| Total Asset Turnover, Industry | |||||||
| Information Technology | 0.65 | 0.62 | 0.58 | — | — | — | |
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. |
Equity Turnover
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 | — | — | — | |
| Analog Devices Inc. | 0.33 | 0.19 | 0.47 | 0.51 | — | — | |
| Applied Materials Inc. | 2.11 | 1.88 | 1.63 | 1.78 | — | — | |
| Broadcom Inc. | 1.46 | 1.10 | 1.00 | 0.91 | — | — | |
| Intel Corp. | 0.62 | 0.83 | 0.96 | — | — | — | |
| KLA Corp. | 6.57 | 2.05 | 2.18 | 1.72 | — | — | |
| Lam Research Corp. | 2.74 | 2.43 | 1.94 | 2.07 | — | — | |
| Micron Technology Inc. | 0.62 | 0.63 | 0.55 | 0.65 | — | — | |
| Monolithic Power Systems Inc. | 1.08 | 0.97 | 0.87 | — | — | — | |
| NVIDIA Corp. | 1.01 | 0.99 | 0.89 | — | — | — | |
| Qualcomm Inc. | 2.45 | 3.37 | 3.87 | 4.94 | — | — | |
| Texas Instruments Inc. | 1.37 | 1.38 | 1.57 | — | — | — | |
| Equity Turnover, Sector | |||||||
| Semiconductors & Semiconductor Equipment | 0.89 | 1.00 | 1.06 | — | — | — | |
| Equity Turnover, Industry | |||||||
| Information Technology | 1.74 | 1.79 | 1.82 | — | — | — | |
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. |