Analysis of Revenues
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- Income Statement
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Common Stock Valuation Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Selected Financial Data since 2005
- Operating Profit Margin since 2005
- Return on Assets (ROA) since 2005
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Revenues as Reported
ON Semiconductor Corp., income statement, revenues
US$ in thousands
| 12 months ended: | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Distributors | |||||||||||
| Direct Customers | |||||||||||
| Sales |
Based on: 10-K (reporting date: 2023-12-31), 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).
- Revenue Overview
- The total sales revenue exhibited a significant upward trend from 2019 to 2022, increasing from approximately $5.52 billion to $8.33 billion. In 2023, there was a slight decrease to around $8.25 billion, indicating a stabilization following rapid growth.
- Distributors Revenue
- Revenue from distributors remained relatively stable around $3.17 billion in 2019 and 2020, followed by a notable increase in 2021 to $4.33 billion. This positive trajectory continued into 2022, reaching a peak near $4.81 billion. In 2023, there was a moderate decline to approximately $4.31 billion, though the value remained significantly higher than the initial years.
- Direct Customers Revenue
- Direct customer revenue showed variability in the early years, decreasing from $2.34 billion in 2019 to $2.09 billion in 2020. However, starting in 2021, there was a robust upward movement, with values rising to $2.41 billion, then sharply increasing to $3.52 billion in 2022, and further to $3.94 billion in 2023. This indicates a strengthening direct customer base and an important contributor to overall sales growth.
- Summary of Trends
- The sales growth from 2019 to 2022 was primarily driven by gains in both distributors and direct customer segments, with distributors recovering after stability in the initial years and direct customers showing strong growth after 2020. The slight decline in total sales and distributor revenue in 2023 suggests potential market adjustments or competitive pressures, although the direct customer segment continued to expand. Overall, the data reflects a successful expansion strategy, particularly through enhancing direct customer relationships, balanced by some recent moderation in distributor-related sales.