Analysis of Short-term (Operating) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Short-term Activity Ratios (Summary)
Micron Technology Inc., short-term (operating) activity ratios (quarterly data)
Based on: 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-K (reporting date: 2023-08-31), 10-Q (reporting date: 2023-06-01), 10-Q (reporting date: 2023-03-02), 10-Q (reporting date: 2022-12-01), 10-K (reporting date: 2022-09-01), 10-Q (reporting date: 2022-06-02), 10-Q (reporting date: 2022-03-03), 10-Q (reporting date: 2021-12-02), 10-K (reporting date: 2021-09-02), 10-Q (reporting date: 2021-06-03), 10-Q (reporting date: 2021-03-04), 10-Q (reporting date: 2020-12-03), 10-K (reporting date: 2020-09-03), 10-Q (reporting date: 2020-05-28), 10-Q (reporting date: 2020-02-27), 10-Q (reporting date: 2019-11-28), 10-K (reporting date: 2019-08-29), 10-Q (reporting date: 2019-05-30), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-29), 10-K (reporting date: 2018-08-30), 10-Q (reporting date: 2018-05-31), 10-Q (reporting date: 2018-03-01), 10-Q (reporting date: 2017-11-30).
| Short-term activity ratio | Description | The company |
|---|---|---|
| Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | Micron Technology Inc. inventory turnover ratio improved from Q4 2023 to Q1 2024 but then slightly deteriorated from Q1 2024 to Q2 2024. |
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Micron Technology Inc. receivables turnover ratio deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
| Working capital turnover | An activity ratio calculated as revenue divided by working capital. | Micron Technology Inc. working capital turnover ratio improved from Q4 2023 to Q1 2024 but then slightly deteriorated from Q1 2024 to Q2 2024. |
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. | Micron Technology Inc. number of days of inventory outstanding improved from Q4 2023 to Q1 2024 but then slightly deteriorated from Q1 2024 to Q2 2024. |
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | Micron Technology Inc. number of days of receivables outstanding deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
| Operating cycle | Equal to average inventory processing period plus average receivables collection period. | Micron Technology Inc. operating cycle improved from Q4 2023 to Q1 2024 but then deteriorated significantly from Q1 2024 to Q2 2024. |
Inventory Turnover
Micron Technology Inc., inventory turnover calculation (quarterly data)
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | Jun 1, 2023 | Mar 2, 2023 | Dec 1, 2022 | Sep 1, 2022 | Jun 2, 2022 | Mar 3, 2022 | Dec 2, 2021 | Sep 2, 2021 | Jun 3, 2021 | Mar 4, 2021 | Dec 3, 2020 | Sep 3, 2020 | May 28, 2020 | Feb 27, 2020 | Nov 28, 2019 | Aug 29, 2019 | May 30, 2019 | Feb 28, 2019 | Nov 29, 2018 | Aug 30, 2018 | May 31, 2018 | Mar 1, 2018 | Nov 30, 2017 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||||||
| Cost of goods sold | 4,745) | 4,761) | 4,445) | 4,420) | 4,899) | 3,192) | 4,021) | 4,607) | 4,110) | 4,122) | 4,362) | 4,296) | 4,587) | 4,037) | 3,988) | 3,675) | 3,442) | 3,778) | 3,475) | 2,960) | 2,971) | 3,298) | 3,289) | 3,074) | 3,081) | 3,056) | ||||||||
| Inventories | 8,443) | 8,276) | 8,387) | 8,238) | 8,129) | 8,359) | 6,663) | 5,629) | 5,383) | 4,827) | 4,487) | 4,537) | 4,743) | 5,521) | 5,607) | 5,405) | 5,208) | 4,943) | 5,118) | 4,905) | 4,390) | 3,876) | 3,595) | 3,369) | 3,184) | 3,160) | ||||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||||||
| Inventory turnover1 | 2.18 | 2.24 | 2.02 | 2.01 | 2.06 | 1.91 | 2.53 | 3.06 | 3.14 | 3.60 | 3.85 | 3.73 | 3.43 | 2.74 | 2.65 | 2.66 | 2.62 | 2.67 | 2.48 | 2.55 | 2.88 | 3.29 | 3.48 | — | — | — | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Inventory Turnover, Competitors2 | ||||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | 2.81 | 2.74 | 2.70 | 3.05 | 3.45 | 3.62 | 4.24 | 4.00 | 4.35 | 4.15 | 4.10 | 3.81 | 3.87 | 3.72 | 3.21 | 3.86 | 3.93 | — | — | — | — | — | — | — | ||||||||
| Analog Devices Inc. | — | 2.80 | 2.70 | 2.61 | 2.68 | 2.84 | 3.20 | 3.82 | 3.78 | 3.66 | 2.33 | 3.16 | 3.16 | 3.18 | 3.14 | 3.12 | 3.23 | 3.28 | 3.24 | 3.10 | 3.29 | 3.35 | 3.35 | — | — | — | ||||||||
| Applied Materials Inc. | — | 2.49 | 2.47 | 2.45 | 2.41 | 2.32 | 2.33 | 2.42 | 2.60 | 2.79 | 2.82 | 2.80 | 2.65 | 2.55 | 2.44 | 2.30 | 2.32 | 2.43 | 2.37 | 2.36 | 2.39 | 2.50 | 2.54 | — | — | — | ||||||||
| Broadcom Inc. | — | 6.67 | 5.86 | 6.10 | 6.00 | 5.98 | 5.77 | 5.92 | 6.40 | 6.95 | 8.18 | 9.10 | 10.44 | 11.01 | 10.34 | 9.51 | 10.76 | 10.73 | 11.57 | 9.16 | 9.63 | 9.31 | 9.00 | — | — | — | ||||||||
| Intel Corp. | — | 2.81 | 2.92 | 2.85 | 2.78 | 2.68 | 2.74 | 2.90 | 3.02 | 2.97 | 3.27 | 3.50 | 3.91 | 4.15 | 4.06 | 3.66 | 3.71 | 3.32 | 3.41 | — | — | — | — | — | — | — | ||||||||
| KLA Corp. | 1.28 | 1.37 | 1.47 | 1.54 | 1.63 | 1.59 | 1.67 | 1.71 | 1.75 | 1.73 | 1.76 | 1.81 | 1.76 | 1.77 | 1.87 | 1.91 | 1.85 | 1.67 | 1.48 | 1.26 | 1.53 | 1.48 | 1.55 | — | — | — | ||||||||
| Lam Research Corp. | 1.77 | 1.84 | 2.00 | 2.14 | 2.16 | 2.24 | 2.36 | 2.60 | 2.89 | 2.95 | 2.91 | 2.78 | 2.71 | 2.77 | 2.86 | 3.11 | 3.42 | 3.51 | 3.44 | 3.49 | 3.44 | 3.12 | 3.15 | — | — | — | ||||||||
| NVIDIA Corp. | 2.68 | 2.45 | 2.25 | 2.70 | 3.02 | 3.25 | 3.62 | 3.87 | 3.75 | 3.63 | 3.44 | 3.69 | 3.47 | 3.81 | 4.24 | 3.88 | 3.50 | 3.04 | 2.89 | — | — | — | — | — | — | — | ||||||||
| ON Semiconductor Corp. | — | 2.02 | 2.07 | 2.10 | 2.22 | 2.37 | 2.63 | 2.65 | 2.60 | 2.71 | 2.92 | 2.98 | 2.91 | 2.80 | 2.83 | 2.74 | 2.75 | 2.83 | 2.88 | — | — | — | — | — | — | — | ||||||||
| Qualcomm Inc. | — | 2.58 | 2.47 | 2.54 | 2.61 | 2.65 | 2.94 | 3.27 | 3.58 | 3.90 | 4.42 | 4.18 | 4.41 | 4.17 | 3.56 | 3.67 | 5.08 | 6.00 | 6.14 | 5.26 | 5.63 | 5.75 | 6.05 | — | — | — | ||||||||
| Texas Instruments Inc. | — | 1.60 | 1.63 | 1.65 | 1.70 | 1.92 | 2.27 | 2.56 | 2.74 | 2.88 | 3.12 | 3.18 | 3.12 | 2.88 | 2.66 | 2.42 | 2.33 | 2.56 | 2.61 | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-K (reporting date: 2023-08-31), 10-Q (reporting date: 2023-06-01), 10-Q (reporting date: 2023-03-02), 10-Q (reporting date: 2022-12-01), 10-K (reporting date: 2022-09-01), 10-Q (reporting date: 2022-06-02), 10-Q (reporting date: 2022-03-03), 10-Q (reporting date: 2021-12-02), 10-K (reporting date: 2021-09-02), 10-Q (reporting date: 2021-06-03), 10-Q (reporting date: 2021-03-04), 10-Q (reporting date: 2020-12-03), 10-K (reporting date: 2020-09-03), 10-Q (reporting date: 2020-05-28), 10-Q (reporting date: 2020-02-27), 10-Q (reporting date: 2019-11-28), 10-K (reporting date: 2019-08-29), 10-Q (reporting date: 2019-05-30), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-29), 10-K (reporting date: 2018-08-30), 10-Q (reporting date: 2018-05-31), 10-Q (reporting date: 2018-03-01), 10-Q (reporting date: 2017-11-30).
1 Q2 2024 Calculation
Inventory turnover
= (Cost of goods soldQ2 2024
+ Cost of goods soldQ1 2024
+ Cost of goods soldQ4 2023
+ Cost of goods soldQ3 2023)
÷ Inventories
= (4,745 + 4,761 + 4,445 + 4,420)
÷ 8,443 = 2.18
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | Micron Technology Inc. inventory turnover ratio improved from Q4 2023 to Q1 2024 but then slightly deteriorated from Q1 2024 to Q2 2024. |
Receivables Turnover
Micron Technology Inc., receivables turnover calculation (quarterly data)
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | Jun 1, 2023 | Mar 2, 2023 | Dec 1, 2022 | Sep 1, 2022 | Jun 2, 2022 | Mar 3, 2022 | Dec 2, 2021 | Sep 2, 2021 | Jun 3, 2021 | Mar 4, 2021 | Dec 3, 2020 | Sep 3, 2020 | May 28, 2020 | Feb 27, 2020 | Nov 28, 2019 | Aug 29, 2019 | May 30, 2019 | Feb 28, 2019 | Nov 29, 2018 | Aug 30, 2018 | May 31, 2018 | Mar 1, 2018 | Nov 30, 2017 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||||||
| Revenue | 5,824) | 4,726) | 4,010) | 3,752) | 3,693) | 4,085) | 6,643) | 8,642) | 7,786) | 7,687) | 8,274) | 7,422) | 6,236) | 5,773) | 6,056) | 5,438) | 4,797) | 5,144) | 4,870) | 4,788) | 5,835) | 7,913) | 8,440) | 7,797) | 7,351) | 6,803) | ||||||||
| Receivables | 4,296) | 2,943) | 2,443) | 2,429) | 2,278) | 3,318) | 5,130) | 6,229) | 5,384) | 5,250) | 5,311) | 4,231) | 3,353) | 3,691) | 3,912) | 3,603) | 3,049) | 3,419) | 3,195) | 3,257) | 4,416) | 5,418) | 5,478) | 4,912) | 4,437) | 3,876) | ||||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||||||
| Receivables turnover1 | 4.26 | 5.50 | 6.36 | 7.48 | 10.12 | 8.18 | 6.00 | 5.20 | 5.79 | 5.64 | 5.22 | 6.02 | 7.01 | 5.98 | 5.48 | 5.62 | 6.43 | 6.04 | 7.33 | 8.28 | 6.79 | 5.81 | 5.55 | — | — | — | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Receivables Turnover, Competitors2 | ||||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | 4.22 | 4.37 | 5.07 | 5.71 | 5.72 | 5.26 | 5.33 | 5.13 | 6.07 | 6.68 | 6.60 | 5.24 | 4.73 | 4.05 | 4.27 | 4.28 | 3.62 | — | — | — | — | — | — | — | ||||||||
| Analog Devices Inc. | — | 9.67 | 8.37 | 7.94 | 7.96 | 7.72 | 6.67 | 6.37 | 6.07 | 5.16 | 5.02 | 7.90 | 7.62 | 7.08 | 7.60 | 8.10 | 9.42 | 9.85 | 9.43 | 8.91 | 9.09 | 8.72 | 9.69 | — | — | — | ||||||||
| Applied Materials Inc. | — | 5.64 | 5.13 | 5.08 | 4.83 | 4.88 | 4.25 | 5.08 | 5.09 | 5.49 | 4.66 | 5.66 | 5.87 | 5.98 | 5.81 | 5.80 | 5.88 | 5.61 | 5.77 | 6.27 | 6.97 | 6.87 | 6.73 | — | — | — | ||||||||
| Broadcom Inc. | — | 7.82 | 11.36 | 12.17 | 11.56 | 10.64 | 11.22 | 11.70 | 9.73 | 11.23 | 13.25 | 11.87 | 10.54 | 9.78 | 10.40 | 8.64 | 7.13 | 6.21 | 6.93 | 6.29 | 6.26 | 5.80 | 6.27 | — | — | — | ||||||||
| Intel Corp. | — | 16.62 | 15.94 | 18.59 | 18.04 | 14.66 | 15.26 | 9.31 | 12.11 | 10.98 | 8.36 | 9.34 | 10.40 | 10.78 | 11.48 | 10.94 | 10.61 | 8.96 | 9.40 | — | — | — | — | — | — | — | ||||||||
| KLA Corp. | 5.25 | 6.24 | 5.99 | 5.48 | 4.59 | 5.30 | 5.08 | 5.34 | 4.72 | 5.10 | 5.30 | 5.37 | 4.98 | 5.77 | 5.24 | 5.01 | 4.43 | 4.59 | 4.61 | 4.57 | 6.54 | 6.91 | 6.19 | — | — | — | ||||||||
| Lam Research Corp. | 5.29 | 5.63 | 6.17 | 5.78 | 4.68 | 3.94 | 3.99 | 4.52 | 4.86 | 4.64 | 4.83 | 4.72 | 4.11 | 4.77 | 4.79 | 4.39 | 4.70 | 5.80 | 6.63 | 6.84 | 5.82 | 5.92 | 5.09 | — | — | — | ||||||||
| NVIDIA Corp. | 4.63 | 6.34 | 7.05 | 5.82 | 5.59 | 5.43 | 5.79 | 6.14 | 6.11 | 6.37 | 6.86 | 5.80 | 6.27 | 6.18 | 6.59 | 6.89 | 6.52 | 8.64 | 8.23 | — | — | — | — | — | — | — | ||||||||
| ON Semiconductor Corp. | — | 9.34 | 8.82 | 8.70 | 8.84 | 9.47 | 9.89 | 9.41 | 6.69 | 7.91 | 8.33 | 8.81 | 8.84 | 7.99 | 7.77 | 7.16 | 7.90 | 8.30 | 7.83 | — | — | — | — | — | — | — | ||||||||
| Texas Instruments Inc. | — | 10.05 | 9.80 | 9.17 | 9.62 | 10.39 | 10.57 | 9.90 | 8.95 | 10.56 | 10.78 | 10.64 | 10.54 | 9.74 | 10.23 | 9.87 | 11.64 | 10.73 | 13.39 | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-K (reporting date: 2023-08-31), 10-Q (reporting date: 2023-06-01), 10-Q (reporting date: 2023-03-02), 10-Q (reporting date: 2022-12-01), 10-K (reporting date: 2022-09-01), 10-Q (reporting date: 2022-06-02), 10-Q (reporting date: 2022-03-03), 10-Q (reporting date: 2021-12-02), 10-K (reporting date: 2021-09-02), 10-Q (reporting date: 2021-06-03), 10-Q (reporting date: 2021-03-04), 10-Q (reporting date: 2020-12-03), 10-K (reporting date: 2020-09-03), 10-Q (reporting date: 2020-05-28), 10-Q (reporting date: 2020-02-27), 10-Q (reporting date: 2019-11-28), 10-K (reporting date: 2019-08-29), 10-Q (reporting date: 2019-05-30), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-29), 10-K (reporting date: 2018-08-30), 10-Q (reporting date: 2018-05-31), 10-Q (reporting date: 2018-03-01), 10-Q (reporting date: 2017-11-30).
1 Q2 2024 Calculation
Receivables turnover
= (RevenueQ2 2024
+ RevenueQ1 2024
+ RevenueQ4 2023
+ RevenueQ3 2023)
÷ Receivables
= (5,824 + 4,726 + 4,010 + 3,752)
÷ 4,296 = 4.26
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Micron Technology Inc. receivables turnover ratio deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
Working Capital Turnover
Micron Technology Inc., working capital turnover calculation (quarterly data)
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | Jun 1, 2023 | Mar 2, 2023 | Dec 1, 2022 | Sep 1, 2022 | Jun 2, 2022 | Mar 3, 2022 | Dec 2, 2021 | Sep 2, 2021 | Jun 3, 2021 | Mar 4, 2021 | Dec 3, 2020 | Sep 3, 2020 | May 28, 2020 | Feb 27, 2020 | Nov 28, 2019 | Aug 29, 2019 | May 30, 2019 | Feb 28, 2019 | Nov 29, 2018 | Aug 30, 2018 | May 31, 2018 | Mar 1, 2018 | Nov 30, 2017 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||||||
| Current assets | 23,435) | 21,058) | 21,244) | 21,734) | 21,898) | 22,921) | 21,781) | 22,708) | 21,502) | 20,191) | 19,907) | 18,561) | 17,279) | 16,529) | 17,965) | 17,899) | 15,976) | 16,167) | 16,503) | 15,066) | 16,550) | 15,039) | 16,039) | 15,499) | 15,836) | 13,358) | ||||||||
| Less: Current liabilities | 6,259) | 5,962) | 4,765) | 5,104) | 5,255) | 6,525) | 7,539) | 7,009) | 6,918) | 6,512) | 6,424) | 5,462) | 5,433) | 5,688) | 6,635) | 6,185) | 5,822) | 6,317) | 6,390) | 5,397) | 7,361) | 5,189) | 5,754) | 5,883) | 6,135) | 5,583) | ||||||||
| Working capital | 17,176) | 15,096) | 16,479) | 16,630) | 16,643) | 16,396) | 14,242) | 15,699) | 14,584) | 13,679) | 13,483) | 13,099) | 11,846) | 10,841) | 11,330) | 11,714) | 10,154) | 9,850) | 10,113) | 9,669) | 9,189) | 9,850) | 10,285) | 9,616) | 9,701) | 7,775) | ||||||||
| Revenue | 5,824) | 4,726) | 4,010) | 3,752) | 3,693) | 4,085) | 6,643) | 8,642) | 7,786) | 7,687) | 8,274) | 7,422) | 6,236) | 5,773) | 6,056) | 5,438) | 4,797) | 5,144) | 4,870) | 4,788) | 5,835) | 7,913) | 8,440) | 7,797) | 7,351) | 6,803) | ||||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||||||
| Working capital turnover1 | 1.07 | 1.07 | 0.94 | 1.09 | 1.39 | 1.66 | 2.16 | 2.06 | 2.14 | 2.17 | 2.05 | 1.95 | 1.98 | 2.04 | 1.89 | 1.73 | 1.93 | 2.10 | 2.31 | 2.79 | 3.26 | 3.20 | 2.95 | — | — | — | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Working Capital Turnover, Competitors2 | ||||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | 2.25 | 2.44 | 2.45 | 2.54 | 2.73 | 2.95 | 2.72 | 2.42 | 3.78 | 3.36 | 2.71 | 2.64 | 2.62 | 2.80 | 2.86 | 3.01 | 3.01 | — | — | — | — | — | — | — | ||||||||
| Analog Devices Inc. | — | 7.75 | 10.40 | 6.41 | 6.13 | 4.61 | 4.81 | 4.94 | 4.23 | 3.50 | 2.81 | 21.89 | 49.24 | 6.18 | 4.86 | 6.92 | 11.81 | 40.91 | 12.57 | 11.74 | 8.72 | 5.48 | 8.78 | — | — | — | ||||||||
| Applied Materials Inc. | — | 2.19 | 2.25 | 2.49 | 2.69 | 2.77 | 3.02 | 2.93 | 2.89 | 2.56 | 2.36 | 2.14 | 1.95 | 1.86 | 1.93 | 2.04 | 1.94 | 2.42 | 2.54 | 2.38 | 2.44 | 2.58 | 2.58 | — | — | — | ||||||||
| Broadcom Inc. | — | 5.70 | 2.66 | 3.23 | 3.38 | 3.03 | 2.90 | 3.58 | 3.80 | 3.15 | 2.66 | 2.90 | 3.27 | 3.25 | 4.32 | 3.32 | 3.00 | 5.19 | 7.49 | 8.51 | 10.03 | 9.45 | 3.08 | — | — | — | ||||||||
| Intel Corp. | — | 3.59 | 3.56 | 3.48 | 3.34 | 2.70 | 3.45 | 3.24 | 3.14 | 2.34 | 2.61 | 2.47 | 3.16 | 3.59 | 3.46 | 5.32 | 3.60 | 4.30 | 8.06 | — | — | — | — | — | — | — | ||||||||
| KLA Corp. | 2.31 | 2.20 | 2.27 | 2.31 | 2.25 | 2.19 | 2.14 | 2.30 | 2.08 | 2.06 | 1.93 | 1.91 | 1.90 | 1.97 | 1.92 | 2.10 | 1.99 | 2.03 | 1.79 | 1.60 | 1.43 | 1.30 | 1.21 | — | — | — | ||||||||
| Lam Research Corp. | 1.63 | 1.81 | 1.93 | 2.03 | 2.08 | 2.10 | 2.23 | 2.18 | 2.01 | 2.04 | 1.80 | 1.72 | 1.51 | 1.41 | 1.31 | 1.32 | 1.62 | 1.49 | 1.56 | 1.57 | 2.10 | 2.33 | 1.85 | — | — | — | ||||||||
| NVIDIA Corp. | 1.77 | 1.47 | 1.63 | 1.75 | 1.50 | 1.23 | 1.10 | 1.09 | 1.03 | 1.36 | 1.37 | 1.38 | 1.06 | 0.67 | 0.92 | 0.92 | 1.01 | 1.14 | 1.27 | — | — | — | — | — | — | — | ||||||||
| ON Semiconductor Corp. | — | 2.03 | 2.21 | 2.32 | 2.42 | 2.66 | 2.27 | 2.27 | 2.48 | 2.57 | 3.01 | 2.88 | 3.33 | 3.75 | 3.48 | 2.59 | 2.22 | 2.36 | 4.59 | — | — | — | — | — | — | — | ||||||||
| Qualcomm Inc. | — | 2.54 | 2.79 | 3.21 | 3.66 | 3.90 | 4.99 | 5.88 | 4.80 | 4.53 | 4.13 | 3.96 | 3.19 | 2.53 | 2.39 | 2.62 | 4.47 | 3.50 | 3.10 | 3.03 | 3.66 | 3.75 | 3.70 | — | — | — | ||||||||
| Texas Instruments Inc. | — | 1.21 | 1.48 | 1.46 | 1.47 | 1.61 | 1.81 | 1.84 | 1.87 | 1.65 | 1.65 | 1.57 | 1.87 | 1.77 | 1.84 | 1.94 | 2.16 | 2.38 | 2.17 | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-K (reporting date: 2023-08-31), 10-Q (reporting date: 2023-06-01), 10-Q (reporting date: 2023-03-02), 10-Q (reporting date: 2022-12-01), 10-K (reporting date: 2022-09-01), 10-Q (reporting date: 2022-06-02), 10-Q (reporting date: 2022-03-03), 10-Q (reporting date: 2021-12-02), 10-K (reporting date: 2021-09-02), 10-Q (reporting date: 2021-06-03), 10-Q (reporting date: 2021-03-04), 10-Q (reporting date: 2020-12-03), 10-K (reporting date: 2020-09-03), 10-Q (reporting date: 2020-05-28), 10-Q (reporting date: 2020-02-27), 10-Q (reporting date: 2019-11-28), 10-K (reporting date: 2019-08-29), 10-Q (reporting date: 2019-05-30), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-29), 10-K (reporting date: 2018-08-30), 10-Q (reporting date: 2018-05-31), 10-Q (reporting date: 2018-03-01), 10-Q (reporting date: 2017-11-30).
1 Q2 2024 Calculation
Working capital turnover
= (RevenueQ2 2024
+ RevenueQ1 2024
+ RevenueQ4 2023
+ RevenueQ3 2023)
÷ Working capital
= (5,824 + 4,726 + 4,010 + 3,752)
÷ 17,176 = 1.07
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Working capital turnover | An activity ratio calculated as revenue divided by working capital. | Micron Technology Inc. working capital turnover ratio improved from Q4 2023 to Q1 2024 but then slightly deteriorated from Q1 2024 to Q2 2024. |
Average Inventory Processing Period
Micron Technology Inc., average inventory processing period calculation (quarterly data)
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | Jun 1, 2023 | Mar 2, 2023 | Dec 1, 2022 | Sep 1, 2022 | Jun 2, 2022 | Mar 3, 2022 | Dec 2, 2021 | Sep 2, 2021 | Jun 3, 2021 | Mar 4, 2021 | Dec 3, 2020 | Sep 3, 2020 | May 28, 2020 | Feb 27, 2020 | Nov 28, 2019 | Aug 29, 2019 | May 30, 2019 | Feb 28, 2019 | Nov 29, 2018 | Aug 30, 2018 | May 31, 2018 | Mar 1, 2018 | Nov 30, 2017 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||||||||
| Inventory turnover | 2.18 | 2.24 | 2.02 | 2.01 | 2.06 | 1.91 | 2.53 | 3.06 | 3.14 | 3.60 | 3.85 | 3.73 | 3.43 | 2.74 | 2.65 | 2.66 | 2.62 | 2.67 | 2.48 | 2.55 | 2.88 | 3.29 | 3.48 | — | — | — | ||||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||||||||
| Average inventory processing period1 | 168 | 163 | 181 | 182 | 177 | 192 | 144 | 119 | 116 | 101 | 95 | 98 | 106 | 133 | 138 | 137 | 139 | 137 | 147 | 143 | 127 | 111 | 105 | — | — | — | ||||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||||||||||
| Average Inventory Processing Period, Competitors2 | ||||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | 130 | 133 | 135 | 120 | 106 | 101 | 86 | 91 | 84 | 88 | 89 | 96 | 94 | 98 | 114 | 94 | 93 | — | — | — | — | — | — | — | ||||||||
| Analog Devices Inc. | — | 131 | 135 | 140 | 136 | 129 | 114 | 96 | 97 | 100 | 157 | 115 | 116 | 115 | 116 | 117 | 113 | 111 | 113 | 118 | 111 | 109 | 109 | — | — | — | ||||||||
| Applied Materials Inc. | — | 147 | 148 | 149 | 152 | 157 | 157 | 151 | 140 | 131 | 129 | 130 | 138 | 143 | 150 | 159 | 157 | 150 | 154 | 155 | 153 | 146 | 144 | — | — | — | ||||||||
| Broadcom Inc. | — | 55 | 62 | 60 | 61 | 61 | 63 | 62 | 57 | 53 | 45 | 40 | 35 | 33 | 35 | 38 | 34 | 34 | 32 | 40 | 38 | 39 | 41 | — | — | — | ||||||||
| Intel Corp. | — | 130 | 125 | 128 | 131 | 136 | 133 | 126 | 121 | 123 | 112 | 104 | 93 | 88 | 90 | 100 | 98 | 110 | 107 | — | — | — | — | — | — | — | ||||||||
| KLA Corp. | 285 | 266 | 249 | 237 | 225 | 230 | 218 | 214 | 208 | 211 | 207 | 202 | 207 | 206 | 195 | 191 | 197 | 219 | 247 | 291 | 239 | 246 | 235 | — | — | — | ||||||||
| Lam Research Corp. | 206 | 198 | 182 | 171 | 169 | 163 | 155 | 140 | 126 | 124 | 126 | 131 | 135 | 132 | 128 | 117 | 107 | 104 | 106 | 105 | 106 | 117 | 116 | — | — | — | ||||||||
| NVIDIA Corp. | 136 | 149 | 162 | 135 | 121 | 112 | 101 | 94 | 97 | 100 | 106 | 99 | 105 | 96 | 86 | 94 | 104 | 120 | 126 | — | — | — | — | — | — | — | ||||||||
| ON Semiconductor Corp. | — | 181 | 176 | 174 | 164 | 154 | 139 | 138 | 140 | 135 | 125 | 122 | 125 | 130 | 129 | 133 | 133 | 129 | 127 | — | — | — | — | — | — | — | ||||||||
| Qualcomm Inc. | — | 141 | 148 | 144 | 140 | 138 | 124 | 112 | 102 | 93 | 83 | 87 | 83 | 88 | 102 | 99 | 72 | 61 | 59 | 69 | 65 | 63 | 60 | — | — | — | ||||||||
| Texas Instruments Inc. | — | 228 | 225 | 222 | 215 | 190 | 161 | 143 | 133 | 127 | 117 | 115 | 117 | 127 | 137 | 151 | 157 | 143 | 140 | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-K (reporting date: 2023-08-31), 10-Q (reporting date: 2023-06-01), 10-Q (reporting date: 2023-03-02), 10-Q (reporting date: 2022-12-01), 10-K (reporting date: 2022-09-01), 10-Q (reporting date: 2022-06-02), 10-Q (reporting date: 2022-03-03), 10-Q (reporting date: 2021-12-02), 10-K (reporting date: 2021-09-02), 10-Q (reporting date: 2021-06-03), 10-Q (reporting date: 2021-03-04), 10-Q (reporting date: 2020-12-03), 10-K (reporting date: 2020-09-03), 10-Q (reporting date: 2020-05-28), 10-Q (reporting date: 2020-02-27), 10-Q (reporting date: 2019-11-28), 10-K (reporting date: 2019-08-29), 10-Q (reporting date: 2019-05-30), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-29), 10-K (reporting date: 2018-08-30), 10-Q (reporting date: 2018-05-31), 10-Q (reporting date: 2018-03-01), 10-Q (reporting date: 2017-11-30).
1 Q2 2024 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 2.18 = 168
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. | Micron Technology Inc. number of days of inventory outstanding improved from Q4 2023 to Q1 2024 but then slightly deteriorated from Q1 2024 to Q2 2024. |
Average Receivable Collection Period
Micron Technology Inc., average receivable collection period calculation (quarterly data)
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | Jun 1, 2023 | Mar 2, 2023 | Dec 1, 2022 | Sep 1, 2022 | Jun 2, 2022 | Mar 3, 2022 | Dec 2, 2021 | Sep 2, 2021 | Jun 3, 2021 | Mar 4, 2021 | Dec 3, 2020 | Sep 3, 2020 | May 28, 2020 | Feb 27, 2020 | Nov 28, 2019 | Aug 29, 2019 | May 30, 2019 | Feb 28, 2019 | Nov 29, 2018 | Aug 30, 2018 | May 31, 2018 | Mar 1, 2018 | Nov 30, 2017 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||||||||
| Receivables turnover | 4.26 | 5.50 | 6.36 | 7.48 | 10.12 | 8.18 | 6.00 | 5.20 | 5.79 | 5.64 | 5.22 | 6.02 | 7.01 | 5.98 | 5.48 | 5.62 | 6.43 | 6.04 | 7.33 | 8.28 | 6.79 | 5.81 | 5.55 | — | — | — | ||||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||||||||
| Average receivable collection period1 | 86 | 66 | 57 | 49 | 36 | 45 | 61 | 70 | 63 | 65 | 70 | 61 | 52 | 61 | 67 | 65 | 57 | 60 | 50 | 44 | 54 | 63 | 66 | — | — | — | ||||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||||||||||
| Average Receivable Collection Period, Competitors2 | ||||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | 87 | 83 | 72 | 64 | 64 | 69 | 69 | 71 | 60 | 55 | 55 | 70 | 77 | 90 | 85 | 85 | 101 | — | — | — | — | — | — | — | ||||||||
| Analog Devices Inc. | — | 38 | 44 | 46 | 46 | 47 | 55 | 57 | 60 | 71 | 73 | 46 | 48 | 52 | 48 | 45 | 39 | 37 | 39 | 41 | 40 | 42 | 38 | — | — | — | ||||||||
| Applied Materials Inc. | — | 65 | 71 | 72 | 76 | 75 | 86 | 72 | 72 | 67 | 78 | 65 | 62 | 61 | 63 | 63 | 62 | 65 | 63 | 58 | 52 | 53 | 54 | — | — | — | ||||||||
| Broadcom Inc. | — | 47 | 32 | 30 | 32 | 34 | 33 | 31 | 38 | 33 | 28 | 31 | 35 | 37 | 35 | 42 | 51 | 59 | 53 | 58 | 58 | 63 | 58 | — | — | — | ||||||||
| Intel Corp. | — | 22 | 23 | 20 | 20 | 25 | 24 | 39 | 30 | 33 | 44 | 39 | 35 | 34 | 32 | 33 | 34 | 41 | 39 | — | — | — | — | — | — | — | ||||||||
| KLA Corp. | 70 | 59 | 61 | 67 | 79 | 69 | 72 | 68 | 77 | 72 | 69 | 68 | 73 | 63 | 70 | 73 | 82 | 80 | 79 | 80 | 56 | 53 | 59 | — | — | — | ||||||||
| Lam Research Corp. | 69 | 65 | 59 | 63 | 78 | 93 | 91 | 81 | 75 | 79 | 76 | 77 | 89 | 77 | 76 | 83 | 78 | 63 | 55 | 53 | 63 | 62 | 72 | — | — | — | ||||||||
| NVIDIA Corp. | 79 | 58 | 52 | 63 | 65 | 67 | 63 | 59 | 60 | 57 | 53 | 63 | 58 | 59 | 55 | 53 | 56 | 42 | 44 | — | — | — | — | — | — | — | ||||||||
| ON Semiconductor Corp. | — | 39 | 41 | 42 | 41 | 39 | 37 | 39 | 55 | 46 | 44 | 41 | 41 | 46 | 47 | 51 | 46 | 44 | 47 | — | — | — | — | — | — | — | ||||||||
| Texas Instruments Inc. | — | 36 | 37 | 40 | 38 | 35 | 35 | 37 | 41 | 35 | 34 | 34 | 35 | 37 | 36 | 37 | 31 | 34 | 27 | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-K (reporting date: 2023-08-31), 10-Q (reporting date: 2023-06-01), 10-Q (reporting date: 2023-03-02), 10-Q (reporting date: 2022-12-01), 10-K (reporting date: 2022-09-01), 10-Q (reporting date: 2022-06-02), 10-Q (reporting date: 2022-03-03), 10-Q (reporting date: 2021-12-02), 10-K (reporting date: 2021-09-02), 10-Q (reporting date: 2021-06-03), 10-Q (reporting date: 2021-03-04), 10-Q (reporting date: 2020-12-03), 10-K (reporting date: 2020-09-03), 10-Q (reporting date: 2020-05-28), 10-Q (reporting date: 2020-02-27), 10-Q (reporting date: 2019-11-28), 10-K (reporting date: 2019-08-29), 10-Q (reporting date: 2019-05-30), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-29), 10-K (reporting date: 2018-08-30), 10-Q (reporting date: 2018-05-31), 10-Q (reporting date: 2018-03-01), 10-Q (reporting date: 2017-11-30).
1 Q2 2024 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 4.26 = 86
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | Micron Technology Inc. number of days of receivables outstanding deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
Operating Cycle
Micron Technology Inc., operating cycle calculation (quarterly data)
No. days
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | Jun 1, 2023 | Mar 2, 2023 | Dec 1, 2022 | Sep 1, 2022 | Jun 2, 2022 | Mar 3, 2022 | Dec 2, 2021 | Sep 2, 2021 | Jun 3, 2021 | Mar 4, 2021 | Dec 3, 2020 | Sep 3, 2020 | May 28, 2020 | Feb 27, 2020 | Nov 28, 2019 | Aug 29, 2019 | May 30, 2019 | Feb 28, 2019 | Nov 29, 2018 | Aug 30, 2018 | May 31, 2018 | Mar 1, 2018 | Nov 30, 2017 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||||||||
| Average inventory processing period | 168 | 163 | 181 | 182 | 177 | 192 | 144 | 119 | 116 | 101 | 95 | 98 | 106 | 133 | 138 | 137 | 139 | 137 | 147 | 143 | 127 | 111 | 105 | — | — | — | ||||||||
| Average receivable collection period | 86 | 66 | 57 | 49 | 36 | 45 | 61 | 70 | 63 | 65 | 70 | 61 | 52 | 61 | 67 | 65 | 57 | 60 | 50 | 44 | 54 | 63 | 66 | — | — | — | ||||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||||||
| Operating cycle1 | 254 | 229 | 238 | 231 | 213 | 237 | 205 | 189 | 179 | 166 | 165 | 159 | 158 | 194 | 205 | 202 | 196 | 197 | 197 | 187 | 181 | 174 | 171 | — | — | — | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Operating Cycle, Competitors2 | ||||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | 217 | 216 | 207 | 184 | 170 | 170 | 155 | 162 | 144 | 143 | 144 | 166 | 171 | 188 | 199 | 179 | 194 | — | — | — | — | — | — | — | ||||||||
| Analog Devices Inc. | — | 169 | 179 | 186 | 182 | 176 | 169 | 153 | 157 | 171 | 230 | 161 | 164 | 167 | 164 | 162 | 152 | 148 | 152 | 159 | 151 | 151 | 147 | — | — | — | ||||||||
| Applied Materials Inc. | — | 212 | 219 | 221 | 228 | 232 | 243 | 223 | 212 | 198 | 207 | 195 | 200 | 204 | 213 | 222 | 219 | 215 | 217 | 213 | 205 | 199 | 198 | — | — | — | ||||||||
| Broadcom Inc. | — | 102 | 94 | 90 | 93 | 95 | 96 | 93 | 95 | 86 | 73 | 71 | 70 | 70 | 70 | 80 | 85 | 93 | 85 | 98 | 96 | 102 | 99 | — | — | — | ||||||||
| Intel Corp. | — | 152 | 148 | 148 | 151 | 161 | 157 | 165 | 151 | 156 | 156 | 143 | 128 | 122 | 122 | 133 | 132 | 151 | 146 | — | — | — | — | — | — | — | ||||||||
| KLA Corp. | 355 | 325 | 310 | 304 | 304 | 299 | 290 | 282 | 285 | 283 | 276 | 270 | 280 | 269 | 265 | 264 | 279 | 299 | 326 | 371 | 295 | 299 | 294 | — | — | — | ||||||||
| Lam Research Corp. | 275 | 263 | 241 | 234 | 247 | 256 | 246 | 221 | 201 | 203 | 202 | 208 | 224 | 209 | 204 | 200 | 185 | 167 | 161 | 158 | 169 | 179 | 188 | — | — | — | ||||||||
| NVIDIA Corp. | 215 | 207 | 214 | 198 | 186 | 179 | 164 | 153 | 157 | 157 | 159 | 162 | 163 | 155 | 141 | 147 | 160 | 162 | 170 | — | — | — | — | — | — | — | ||||||||
| ON Semiconductor Corp. | — | 220 | 217 | 216 | 205 | 193 | 176 | 177 | 195 | 181 | 169 | 163 | 166 | 176 | 176 | 184 | 179 | 173 | 174 | — | — | — | — | — | — | — | ||||||||
| Texas Instruments Inc. | — | 264 | 262 | 262 | 253 | 225 | 196 | 180 | 174 | 162 | 151 | 149 | 152 | 164 | 173 | 188 | 188 | 177 | 167 | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-K (reporting date: 2023-08-31), 10-Q (reporting date: 2023-06-01), 10-Q (reporting date: 2023-03-02), 10-Q (reporting date: 2022-12-01), 10-K (reporting date: 2022-09-01), 10-Q (reporting date: 2022-06-02), 10-Q (reporting date: 2022-03-03), 10-Q (reporting date: 2021-12-02), 10-K (reporting date: 2021-09-02), 10-Q (reporting date: 2021-06-03), 10-Q (reporting date: 2021-03-04), 10-Q (reporting date: 2020-12-03), 10-K (reporting date: 2020-09-03), 10-Q (reporting date: 2020-05-28), 10-Q (reporting date: 2020-02-27), 10-Q (reporting date: 2019-11-28), 10-K (reporting date: 2019-08-29), 10-Q (reporting date: 2019-05-30), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-29), 10-K (reporting date: 2018-08-30), 10-Q (reporting date: 2018-05-31), 10-Q (reporting date: 2018-03-01), 10-Q (reporting date: 2017-11-30).
1 Q2 2024 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 168 + 86 = 254
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Operating cycle | Equal to average inventory processing period plus average receivables collection period. | Micron Technology Inc. operating cycle improved from Q4 2023 to Q1 2024 but then deteriorated significantly from Q1 2024 to Q2 2024. |