Stock Analysis on Net

Microchip Technology Inc. (NASDAQ:MCHP)

This company has been moved to the archive! The financial data has not been updated since February 2, 2023.

Analysis of Long-term (Investment) Activity Ratios

Microsoft Excel

Long-term Activity Ratios (Summary)

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

Microsoft Excel
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.

Net Fixed Asset Turnover

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

Microsoft Excel
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
Analog Devices Inc. 5.00 3.70 5.00 4.91 5.37
Applied Materials Inc. 11.18 11.93 10.72 9.55 12.26
Broadcom Inc. 14.94 11.69 9.52 8.81 7.91
Intel Corp. 0.78 1.25 1.38 1.30
KLA Corp. 10.84 10.44 11.17 10.18 14.10
Lam Research Corp. 10.46 11.22 9.37 9.12 12.27
Micron Technology Inc. 0.80 0.83 0.69 0.83 1.28
NVIDIA Corp. 9.69 7.76 6.52 8.34
ON Semiconductor Corp. 2.38 2.65 2.09 2.13
Qualcomm Inc. 8.55 7.36 6.34 7.88 7.64
Texas Instruments Inc. 2.91 3.57 4.42 4.35
Net Fixed Asset Turnover, Sector
Semiconductors & Semiconductor Equipment 2.11 2.32 2.12 2.13
Net Fixed Asset Turnover, Industry
Information Technology 4.14 4.44 4.23 4.27

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

Microsoft Excel
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
Analog Devices Inc. 4.51 3.24 4.07 4.91 5.37
Applied Materials Inc. 9.56 10.35 9.27 9.55 12.26
Broadcom Inc. 12.12 9.35 7.71 8.81 7.91
Intel Corp. 0.78 1.24 1.36 1.28
KLA Corp. 9.43 9.03 9.36 10.18 14.10
Lam Research Corp. 9.19 9.90 8.06 9.12 12.27
Micron Technology Inc. 0.78 0.82 0.68 0.83 1.28
NVIDIA Corp. 7.46 5.84 4.76 8.34
ON Semiconductor Corp. 2.22 2.48 1.98 2.04
Qualcomm Inc. 7.62 6.62 5.64 7.88 7.64
Texas Instruments Inc. 2.74 3.27 4.03 3.95
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Semiconductors & Semiconductor Equipment 2.04 2.23 2.04 2.10
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Information Technology 3.59 3.79 3.60 3.99

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

Microsoft Excel
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
Analog Devices Inc. 0.24 0.14 0.26 0.28 0.30
Applied Materials Inc. 0.96 0.89 0.77 0.77 0.97
Broadcom Inc. 0.45 0.36 0.31 0.33 0.42
Intel Corp. 0.35 0.47 0.51 0.53
KLA Corp. 0.73 0.67 0.63 0.51 0.72
Lam Research Corp. 1.00 0.92 0.69 0.80 0.89
Micron Technology Inc. 0.46 0.47 0.40 0.48 0.70
NVIDIA Corp. 0.61 0.58 0.63 0.88
ON Semiconductor Corp. 0.70 0.70 0.61 0.65
Qualcomm Inc. 0.90 0.81 0.66 0.74 0.70
Texas Instruments Inc. 0.74 0.74 0.75 0.80
Total Asset Turnover, Sector
Semiconductors & Semiconductor Equipment 0.50 0.53 0.51 0.55
Total Asset Turnover, Industry
Information Technology 0.63 0.61 0.57 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

Microsoft Excel
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
Analog Devices Inc. 0.33 0.19 0.47 0.51 0.56
Applied Materials Inc. 2.11 1.88 1.63 1.78 2.52
Broadcom Inc. 1.46 1.10 1.00 0.91 0.78
Intel Corp. 0.62 0.83 0.96 0.93
KLA Corp. 6.57 2.05 2.18 1.72 2.49
Lam Research Corp. 2.74 2.43 1.94 2.07 1.70
Micron Technology Inc. 0.62 0.63 0.55 0.65 0.94
NVIDIA Corp. 1.01 0.99 0.89 1.25
ON Semiconductor Corp. 1.35 1.47 1.49 1.67
Qualcomm Inc. 2.45 3.37 3.87 4.94 24.50
Texas Instruments Inc. 1.37 1.38 1.57 1.61
Equity Turnover, Sector
Semiconductors & Semiconductor Equipment 0.90 1.01 1.07 1.11
Equity Turnover, Industry
Information Technology 1.61 1.67 1.65 1.65

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.