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
Quarterly Data

Microsoft Excel

Long-term Activity Ratios (Summary)

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

Microsoft Excel
Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016
Net fixed asset turnover 7.23 7.02 7.25 7.05 6.93 6.54 6.39 6.36 6.40 6.37 6.23 6.02 5.80 5.73 5.67 5.37 4.83 4.41 3.91 5.18 5.14 5.15 5.16 4.99
Total asset turnover 0.50 0.47 0.45 0.42 0.40 0.37 0.35 0.33 0.32 0.31 0.31 0.30 0.30 0.30 0.30 0.29 0.28 0.25 0.22 0.48 0.48 0.46 0.45 0.44
Equity turnover 1.28 1.25 1.21 1.16 1.11 1.06 1.03 1.02 1.00 0.96 0.96 0.94 0.94 1.00 1.03 1.01 0.97 0.90 0.82 1.21 1.22 1.05 1.05 1.04

Based on: 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-K (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-K (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-K (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-K (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-K (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-K (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30).

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 deteriorated from Q1 2023 to Q2 2023 but then improved from Q2 2023 to Q3 2023 not reaching Q1 2023 level.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Microchip Technology Inc. total asset turnover ratio improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Microchip Technology Inc. equity turnover ratio improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Net Fixed Asset Turnover

Microchip Technology Inc., net fixed asset turnover calculation (quarterly data)

Microsoft Excel
Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016
Selected Financial Data (US$ in thousands)
Net sales 2,169,200 2,073,200 1,963,600 1,844,200 1,757,500 1,649,800 1,569,400 1,467,100 1,352,100 1,309,500 1,309,700 1,326,400 1,287,400 1,337,800 1,322,600 1,329,800 1,374,700 1,432,500 1,212,500 1,002,315 994,205 1,012,139 972,141 902,666 834,366 871,364 799,411
Property, plant and equipment, net 1,113,700 1,088,300 994,900 967,900 929,900 923,700 892,200 854,700 827,400 822,100 844,000 876,100 909,700 937,000 963,000 996,700 1,039,700 1,051,900 1,078,400 767,900 754,780 722,780 693,995 683,338 698,704 716,998 732,816
Long-term Activity Ratio
Net fixed asset turnover1 7.23 7.02 7.25 7.05 6.93 6.54 6.39 6.36 6.40 6.37 6.23 6.02 5.80 5.73 5.67 5.37 4.83 4.41 3.91 5.18 5.14 5.15 5.16 4.99
Benchmarks
Net Fixed Asset Turnover, Competitors2
Advanced Micro Devices Inc. 14.12 14.20 15.38 15.60 15.36 14.97 13.43 23.41 20.71 19.88 16.77 15.23 14.53 13.07 13.42 13.46
Analog Devices Inc. 4.39 4.69 4.98 5.00 5.09 4.66 4.14 3.70 5.54 5.34 5.19 5.00 4.87 4.66 4.77 4.91 5.03 5.15 5.27 5.37
Applied Materials Inc. 10.19 10.41 10.53 11.18 11.47 11.99 12.25 11.93 11.92 11.21 11.11 10.72 10.63 10.06 9.66 9.55 9.83 10.56 11.54 12.26
Broadcom Inc. 16.26 15.86 15.63 14.94 14.08 13.26 12.38 11.69 11.19 10.58 9.89 9.52 9.04 8.74 8.66 8.81 8.53 8.22 7.94 7.91
Intel Corp. 0.57 0.59 0.66 0.78 0.92 1.02 1.16 1.25 1.31 1.33 1.36 1.38 1.32 1.36 1.33 1.30
KLA Corp. 10.80 10.87 10.79 10.84 10.69 11.39 10.68 10.44 10.27 10.22 10.56 11.17 11.26 10.77 10.29 10.18 10.64 14.05 14.29 14.10
Lam Research Corp. 10.16 10.22 10.47 10.46 10.72 10.99 11.48 11.22 10.37 9.87 9.75 9.37 9.17 9.12 9.21 9.12 10.01 10.73 11.49 12.27
Micron Technology Inc. 0.47 0.59 0.69 0.80 0.88 0.86 0.84 0.83 0.79 0.74 0.68 0.69 0.67 0.66 0.70 0.83 0.99 1.14 1.27 1.28
NVIDIA Corp. 7.57 9.20 10.13 9.69 9.67 9.26 8.49 7.76 7.18 6.65 6.87 6.52 6.60 6.86 7.28 8.34
ON Semiconductor Corp. 1.91 2.07 2.23 2.38 2.92 2.81 2.81 2.67 2.61 2.41 2.19 2.09 2.07 2.06 2.10 2.13
Qualcomm Inc. 7.40 7.78 8.24 8.55 8.36 8.02 7.63 7.36 7.36 7.03 6.62 6.34 5.74 7.37 7.73 7.88 8.32 7.21 7.33 7.64
Texas Instruments Inc. 1.94 2.21 2.54 2.91 3.11 3.30 3.49 3.57 4.37 4.56 4.49 4.42 4.31 4.28 4.37 4.35

Based on: 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-K (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-K (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-K (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-K (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-K (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-K (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30).

1 Q3 2023 Calculation
Net fixed asset turnover = (Net salesQ3 2023 + Net salesQ2 2023 + Net salesQ1 2023 + Net salesQ4 2022) ÷ Property, plant and equipment, net
= (2,169,200 + 2,073,200 + 1,963,600 + 1,844,200) ÷ 1,113,700 = 7.23

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 deteriorated from Q1 2023 to Q2 2023 but then improved from Q2 2023 to Q3 2023 not reaching Q1 2023 level.

Total Asset Turnover

Microchip Technology Inc., total asset turnover calculation (quarterly data)

Microsoft Excel
Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016
Selected Financial Data (US$ in thousands)
Net sales 2,169,200 2,073,200 1,963,600 1,844,200 1,757,500 1,649,800 1,569,400 1,467,100 1,352,100 1,309,500 1,309,700 1,326,400 1,287,400 1,337,800 1,322,600 1,329,800 1,374,700 1,432,500 1,212,500 1,002,315 994,205 1,012,139 972,141 902,666 834,366 871,364 799,411
Total assets 16,116,100 16,141,100 16,208,400 16,199,500 16,047,200 16,215,000 16,277,800 16,478,800 16,576,100 16,770,900 17,028,100 17,426,100 17,588,600 17,858,500 18,246,400 18,350,000 18,155,700 18,667,100 19,248,800 8,257,200 8,123,793 8,055,198 7,887,891 7,686,881 7,144,581 7,074,396 7,358,756
Long-term Activity Ratio
Total asset turnover1 0.50 0.47 0.45 0.42 0.40 0.37 0.35 0.33 0.32 0.31 0.31 0.30 0.30 0.30 0.30 0.29 0.28 0.25 0.22 0.48 0.48 0.46 0.45 0.44
Benchmarks
Total Asset Turnover, Competitors2
Advanced Micro Devices Inc. 0.33 0.32 0.34 0.35 0.34 0.32 0.28 1.32 1.33 1.25 1.14 1.09 1.23 1.16 1.24 1.12
Analog Devices Inc. 0.26 0.26 0.25 0.24 0.22 0.19 0.16 0.14 0.30 0.29 0.27 0.26 0.26 0.26 0.27 0.28 0.28 0.29 0.29 0.30
Applied Materials Inc. 0.87 0.92 0.94 0.96 0.96 0.98 0.95 0.89 0.88 0.82 0.78 0.77 0.77 0.71 0.76 0.77 0.79 0.84 0.89 0.97
Broadcom Inc. 0.50 0.49 0.47 0.45 0.44 0.42 0.39 0.36 0.35 0.34 0.32 0.31 0.29 0.28 0.28 0.33 0.32 0.31 0.30 0.42
Intel Corp. 0.28 0.29 0.30 0.35 0.40 0.43 0.44 0.47 0.47 0.50 0.52 0.51 0.54 0.52 0.51 0.53
KLA Corp. 0.78 0.76 0.75 0.73 0.72 0.70 0.67 0.67 0.65 0.62 0.64 0.63 0.63 0.57 0.53 0.51 0.48 0.77 0.74 0.72
Lam Research Corp. 0.98 0.99 0.96 1.00 1.01 0.99 1.01 0.92 0.87 0.78 0.73 0.69 0.74 0.80 0.77 0.80 0.81 1.01 1.00 0.89
Micron Technology Inc. 0.28 0.35 0.40 0.46 0.50 0.49 0.48 0.47 0.46 0.43 0.41 0.40 0.39 0.39 0.42 0.48 0.58 0.63 0.71 0.70
NVIDIA Corp. 0.71 0.68 0.65 0.61 0.60 0.57 0.63 0.58 0.55 0.52 0.51 0.63 0.63 0.69 0.77 0.88
ON Semiconductor Corp. 0.63 0.65 0.68 0.70 0.73 0.71 0.71 0.70 0.71 0.69 0.63 0.61 0.56 0.55 0.57 0.65
Qualcomm Inc. 0.79 0.85 0.86 0.90 0.90 0.89 0.84 0.81 0.84 0.79 0.71 0.66 0.62 0.77 0.74 0.74 0.74 0.62 0.63 0.70
Texas Instruments Inc. 0.57 0.61 0.67 0.74 0.77 0.79 0.75 0.74 0.76 0.81 0.79 0.75 0.75 0.78 0.82 0.80

Based on: 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-K (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-K (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-K (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-K (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-K (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-K (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30).

1 Q3 2023 Calculation
Total asset turnover = (Net salesQ3 2023 + Net salesQ2 2023 + Net salesQ1 2023 + Net salesQ4 2022) ÷ Total assets
= (2,169,200 + 2,073,200 + 1,963,600 + 1,844,200) ÷ 16,116,100 = 0.50

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 Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Equity Turnover

Microchip Technology Inc., equity turnover calculation (quarterly data)

Microsoft Excel
Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016
Selected Financial Data (US$ in thousands)
Net sales 2,169,200 2,073,200 1,963,600 1,844,200 1,757,500 1,649,800 1,569,400 1,467,100 1,352,100 1,309,500 1,309,700 1,326,400 1,287,400 1,337,800 1,322,600 1,329,800 1,374,700 1,432,500 1,212,500 1,002,315 994,205 1,012,139 972,141 902,666 834,366 871,364 799,411
Stockholders’ equity 6,311,600 6,103,100 5,977,900 5,894,800 5,803,300 5,702,900 5,519,900 5,337,100 5,297,000 5,443,700 5,501,300 5,585,500 5,616,600 5,361,300 5,288,300 5,287,500 5,161,100 5,170,200 5,123,800 3,279,800 3,185,075 3,546,124 3,412,554 3,270,711 2,566,898 2,519,512 2,532,549
Long-term Activity Ratio
Equity turnover1 1.28 1.25 1.21 1.16 1.11 1.06 1.03 1.02 1.00 0.96 0.96 0.94 0.94 1.00 1.03 1.01 0.97 0.90 0.82 1.21 1.22 1.05 1.05 1.04
Benchmarks
Equity Turnover, Competitors2
Advanced Micro Devices Inc. 0.40 0.40 0.42 0.43 0.42 0.39 0.34 2.19 2.08 1.89 1.76 1.67 2.24 2.31 2.39 2.38
Analog Devices Inc. 0.36 0.36 0.34 0.33 0.30 0.26 0.23 0.19 0.53 0.51 0.48 0.47 0.47 0.48 0.49 0.51 0.52 0.53 0.54 0.56
Applied Materials Inc. 1.76 1.89 1.96 2.11 2.08 2.14 2.03 1.88 1.79 1.65 1.59 1.63 1.70 1.71 1.73 1.78 1.83 1.92 2.05 2.52
Broadcom Inc. 1.61 1.59 1.48 1.46 1.52 1.43 1.24 1.10 1.09 1.07 1.03 1.00 0.98 0.96 0.93 0.91 1.04 0.98 0.92 0.78
Intel Corp. 0.52 0.53 0.58 0.62 0.70 0.73 0.75 0.83 0.87 0.91 0.97 0.96 1.05 0.96 0.99 0.93
KLA Corp. 3.96 4.03 4.69 6.57 2.12 2.02 1.93 2.05 2.07 2.07 2.16 2.18 2.43 1.98 1.84 1.72 1.54 2.69 2.65 2.49
Lam Research Corp. 2.24 2.29 2.43 2.74 2.78 2.55 2.71 2.43 2.47 2.17 2.04 1.94 2.12 2.18 1.92 2.07 1.97 1.88 2.05 1.70
Micron Technology Inc. 0.40 0.49 0.55 0.62 0.66 0.65 0.65 0.63 0.60 0.58 0.55 0.55 0.54 0.53 0.57 0.65 0.76 0.87 0.93 0.94
NVIDIA Corp. 1.34 1.25 1.12 1.01 1.02 1.04 1.03 0.99 0.96 0.94 0.90 0.89 0.89 0.99 1.11 1.25
ON Semiconductor Corp. 1.11 1.20 1.29 1.35 1.43 1.41 1.44 1.47 1.54 1.56 1.50 1.49 1.52 1.63 1.68 1.67
Qualcomm Inc. 1.87 2.08 2.28 2.45 2.63 2.95 3.18 3.37 3.98 3.96 3.62 3.87 6.05 8.13 5.43 4.94 4.62 5.49 5.95 24.50
Texas Instruments Inc. 1.09 1.18 1.28 1.37 1.39 1.39 1.35 1.38 1.45 1.50 1.52 1.57 1.65 1.79 1.83 1.61

Based on: 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-K (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-K (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-K (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-K (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-K (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-K (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30).

1 Q3 2023 Calculation
Equity turnover = (Net salesQ3 2023 + Net salesQ2 2023 + Net salesQ1 2023 + Net salesQ4 2022) ÷ Stockholders’ equity
= (2,169,200 + 2,073,200 + 1,963,600 + 1,844,200) ÷ 6,311,600 = 1.28

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 Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.