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)
Monolithic Power Systems Inc., long-term (investment) activity ratios
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Monolithic Power Systems 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). | Monolithic Power Systems 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. | Monolithic Power Systems 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. | Monolithic Power Systems Inc. equity turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Net Fixed Asset Turnover
Monolithic Power Systems Inc., net fixed asset turnover calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Revenue | 1,794,148) | 1,207,798) | 844,452) | 627,921) | 582,382) | |
| Property and equipment, net | 357,157) | 362,962) | 281,528) | 228,315) | 150,001) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover1 | 5.02 | 3.33 | 3.00 | 2.75 | 3.88 | |
| 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: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Net fixed asset turnover = Revenue ÷ Property and equipment, net
= 1,794,148 ÷ 357,157 = 5.02
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. | Monolithic Power Systems 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)
Monolithic Power Systems Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Revenue | 1,794,148) | 1,207,798) | 844,452) | 627,921) | 582,382) | |
| Property and equipment, net | 357,157) | 362,962) | 281,528) | 228,315) | 150,001) | |
| Operating lease ROU assets (included in Other long-term assets) | 4,288) | 6,297) | 3,719) | 2,863) | —) | |
| Property and equipment, net (including operating lease, right-of-use asset) | 361,445) | 369,259) | 285,247) | 231,178) | 150,001) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 4.96 | 3.27 | 2.96 | 2.72 | 3.88 | |
| 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: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenue ÷ Property and equipment, net (including operating lease, right-of-use asset)
= 1,794,148 ÷ 361,445 = 4.96
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). | Monolithic Power Systems 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
Monolithic Power Systems Inc., total asset turnover calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Revenue | 1,794,148) | 1,207,798) | 844,452) | 627,921) | 582,382) | |
| Total assets | 2,058,885) | 1,585,825) | 1,208,491) | 956,375) | 793,432) | |
| Long-term Activity Ratio | ||||||
| Total asset turnover1 | 0.87 | 0.76 | 0.70 | 0.66 | 0.73 | |
| 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: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Total asset turnover = Revenue ÷ Total assets
= 1,794,148 ÷ 2,058,885 = 0.87
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. | Monolithic Power Systems Inc. total asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Equity Turnover
Monolithic Power Systems Inc., equity turnover calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Revenue | 1,794,148) | 1,207,798) | 844,452) | 627,921) | 582,382) | |
| Stockholders’ equity | 1,668,602) | 1,243,985) | 966,587) | 773,491) | 640,093) | |
| Long-term Activity Ratio | ||||||
| Equity turnover1 | 1.08 | 0.97 | 0.87 | 0.81 | 0.91 | |
| 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: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Equity turnover = Revenue ÷ Stockholders’ equity
= 1,794,148 ÷ 1,668,602 = 1.08
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. | Monolithic Power Systems Inc. equity turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |