Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Micron Technology Inc. (NASDAQ:MU)

Analysis of Long-term (Investment) Activity Ratios

Beginner level

Long-term Activity Ratios (Summary)

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

Microsoft Excel LibreOffice Calc
Sep 3, 2020 Aug 29, 2019 Aug 30, 2018 Aug 31, 2017 Sep 1, 2016 Sep 3, 2015
Net fixed asset turnover 0.69 0.83 1.28 1.05 0.84 1.53
Net fixed asset turnover (including operating lease, right-of-use asset) 0.68 0.83 1.28 1.05 0.84 1.53
Total asset turnover 0.40 0.48 0.70 0.58 0.45 0.67
Equity turnover 0.55 0.65 0.94 1.09 1.03 1.32

Based on: 10-K (filing date: 2020-10-19), 10-K (filing date: 2019-10-17), 10-K (filing date: 2018-10-15), 10-K (filing date: 2017-10-26), 10-K (filing date: 2016-10-28), 10-K (filing date: 2015-10-27).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Micron Technology Inc.’s net fixed asset turnover ratio deteriorated from 2018 to 2019 and 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). Micron Technology Inc.’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. Micron Technology Inc.’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. Micron Technology Inc.’s equity turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020.

Net Fixed Asset Turnover

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

Microsoft Excel LibreOffice Calc
Sep 3, 2020 Aug 29, 2019 Aug 30, 2018 Aug 31, 2017 Sep 1, 2016 Sep 3, 2015
Selected Financial Data (US$ in millions)
Revenue 21,435  23,406  30,391  20,322  12,399  16,192 
Property, plant, and equipment 31,031  28,240  23,672  19,431  14,686  10,554 
Long-term Activity Ratio
Net fixed asset turnover1 0.69 0.83 1.28 1.05 0.84 1.53
Benchmarks
Net Fixed Asset Turnover, Competitors2
Advanced Micro Devices Inc. 15.23 13.46 18.61 20.42 26.05
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. 1.38 1.30 1.45 1.53 1.64
Lam Research Corp. 9.37 9.12 12.27 11.69 9.20 8.46
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. 4.42 4.35 4.96 5.62 5.32
Net Fixed Asset Turnover, Sector
Technology Hardware & Equipment 3.74 4.03 4.15 4.55
Net Fixed Asset Turnover, Industry
Technology 3.38 3.69 3.99 4.42

Based on: 10-K (filing date: 2020-10-19), 10-K (filing date: 2019-10-17), 10-K (filing date: 2018-10-15), 10-K (filing date: 2017-10-26), 10-K (filing date: 2016-10-28), 10-K (filing date: 2015-10-27).

1 2020 Calculation
Net fixed asset turnover = Revenue ÷ Property, plant, and equipment
= 21,435 ÷ 31,031 = 0.69

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. Micron Technology Inc.’s net fixed asset turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020.

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

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

Microsoft Excel LibreOffice Calc
Sep 3, 2020 Aug 29, 2019 Aug 30, 2018 Aug 31, 2017 Sep 1, 2016 Sep 3, 2015
Selected Financial Data (US$ in millions)
Revenue 21,435  23,406  30,391  20,322  12,399  16,192 
 
Property, plant, and equipment 31,031  28,240  23,672  19,431  14,686  10,554 
Operating lease right-of-use assets 584  —  —  —  —  — 
Property, plant, and equipment (including operating lease, right-of-use asset) 31,615  28,240  23,672  19,431  14,686  10,554 
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 0.68 0.83 1.28 1.05 0.84 1.53
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Advanced Micro Devices Inc. 11.50 9.55 18.61 20.42 26.05
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. 1.36 1.28 1.45 1.53 1.64
Lam Research Corp. 8.06 9.12 12.27 11.69 9.20 8.46
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. 4.03 3.95 4.96 5.62 5.32
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Technology Hardware & Equipment 3.71 4.03 4.15 4.55
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Technology 3.04 3.60 3.99 4.42

Based on: 10-K (filing date: 2020-10-19), 10-K (filing date: 2019-10-17), 10-K (filing date: 2018-10-15), 10-K (filing date: 2017-10-26), 10-K (filing date: 2016-10-28), 10-K (filing date: 2015-10-27).

1 2020 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenue ÷ Property, plant, and equipment (including operating lease, right-of-use asset)
= 21,435 ÷ 31,615 = 0.68

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). Micron Technology Inc.’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

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

Microsoft Excel LibreOffice Calc
Sep 3, 2020 Aug 29, 2019 Aug 30, 2018 Aug 31, 2017 Sep 1, 2016 Sep 3, 2015
Selected Financial Data (US$ in millions)
Revenue 21,435  23,406  30,391  20,322  12,399  16,192 
Total assets 53,678  48,887  43,376  35,336  27,540  24,143 
Long-term Activity Ratio
Total asset turnover1 0.40 0.48 0.70 0.58 0.45 0.67
Benchmarks
Total Asset Turnover, Competitors2
Advanced Micro Devices Inc. 1.09 1.12 1.42 1.51 1.29
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. 0.51 0.53 0.55 0.51 0.52
Lam Research Corp. 0.69 0.80 0.89 0.66 0.48 0.56
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. 0.75 0.80 0.92 0.85 0.81
Total Asset Turnover, Sector
Technology Hardware & Equipment 0.64 0.65 0.52 0.56
Total Asset Turnover, Industry
Technology 0.56 0.57 0.49 0.53

Based on: 10-K (filing date: 2020-10-19), 10-K (filing date: 2019-10-17), 10-K (filing date: 2018-10-15), 10-K (filing date: 2017-10-26), 10-K (filing date: 2016-10-28), 10-K (filing date: 2015-10-27).

1 2020 Calculation
Total asset turnover = Revenue ÷ Total assets
= 21,435 ÷ 53,678 = 0.40

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. Micron Technology Inc.’s total asset turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020.

Equity Turnover

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

Microsoft Excel LibreOffice Calc
Sep 3, 2020 Aug 29, 2019 Aug 30, 2018 Aug 31, 2017 Sep 1, 2016 Sep 3, 2015
Selected Financial Data (US$ in millions)
Revenue 21,435  23,406  30,391  20,322  12,399  16,192 
Total Micron shareholders’ equity 38,996  35,881  32,294  18,621  12,080  12,302 
Long-term Activity Ratio
Equity turnover1 0.55 0.65 0.94 1.09 1.03 1.32
Benchmarks
Equity Turnover, Competitors2
Advanced Micro Devices Inc. 1.67 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. 0.96 0.93 0.95 0.91 0.90
Lam Research Corp. 1.94 2.07 1.70 1.18 1.00 1.03
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. 1.57 1.61 1.75 1.45 1.28
Equity Turnover, Sector
Technology Hardware & Equipment 1.65 1.61 1.19 1.17
Equity Turnover, Industry
Technology 1.30 1.30 1.09 1.07

Based on: 10-K (filing date: 2020-10-19), 10-K (filing date: 2019-10-17), 10-K (filing date: 2018-10-15), 10-K (filing date: 2017-10-26), 10-K (filing date: 2016-10-28), 10-K (filing date: 2015-10-27).

1 2020 Calculation
Equity turnover = Revenue ÷ Total Micron shareholders’ equity
= 21,435 ÷ 38,996 = 0.55

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. Micron Technology Inc.’s equity turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020.