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)
Net Fixed Asset Turnover
Total Asset Turnover
Equity Turnover

ON Semiconductor Corp., long-term (investment) activity ratios (quarterly data)

	Mar 29, 2024	Dec 31, 2023	Sep 29, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jul 1, 2022	Apr 1, 2022	Dec 31, 2021	Oct 1, 2021	Jul 2, 2021	Apr 2, 2021	Dec 31, 2020	Oct 2, 2020	Jul 3, 2020	Apr 3, 2020	Dec 31, 2019	Sep 27, 2019	Jun 28, 2019	Mar 29, 2019
Net fixed asset turnover	1.84	1.86	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	—	—	—
Total asset turnover	0.60	0.62	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	—	—	—
Equity turnover	1.00	1.06	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	—	—	—

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Long-term activity ratio	Description	The company
Net fixed asset turnover	An activity ratio calculated as total revenue divided by net fixed assets.	ON Semiconductor Corp. net fixed asset turnover ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	ON Semiconductor Corp. total asset turnover ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
Equity turnover	An activity ratio calculated as total revenue divided by shareholders’ equity.	ON Semiconductor Corp. equity turnover ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.

ON Semiconductor Corp., net fixed asset turnover calculation (quarterly data)

	Mar 29, 2024	Dec 31, 2023	Sep 29, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jul 1, 2022	Apr 1, 2022	Dec 31, 2021	Oct 1, 2021	Jul 2, 2021	Apr 2, 2021	Dec 31, 2020	Oct 2, 2020	Jul 3, 2020	Apr 3, 2020	Dec 31, 2019	Sep 27, 2019	Jun 28, 2019	Mar 29, 2019
Selected Financial Data (US$ in thousands)
Revenue	1,862,700)	2,018,100)	2,180,800)	2,094,400)	1,959,700)	2,103,600)	2,192,600)	2,085,000)	1,945,000)	1,846,100)	1,742,100)	1,669,900)	1,481,700)	1,446,300)	1,317,300)	1,213,500)	1,277,900)	1,401,800)	1,381,800)	1,347,700)	1,386,600)
Property, plant and equipment and ROU financing lease assets, net	4,426,100)	4,443,900)	4,357,500)	4,036,000)	3,738,100)	3,496,500)	2,762,100)	2,709,800)	2,559,400)	2,524,300)	2,427,800)	2,457,800)	2,489,400)	2,512,300)	2,511,800)	2,566,500)	2,579,900)	2,591,600)	2,602,100)	2,620,000)	2,585,000)
Long-term Activity Ratio
Net fixed asset turnover¹	1.84	1.86	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	—	—	—
Benchmarks
Net Fixed Asset Turnover, Competitors²
Advanced Micro Devices Inc.	14.04	14.27	14.12	14.20	15.38	15.60	15.36	14.97	13.43	23.41	20.71	19.88	16.77	15.23	—	—	—	—	—	—	—
Analog Devices Inc.	3.52	3.82	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	—	—	—
Applied Materials Inc.	9.37	9.74	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	—	—	—
Broadcom Inc.	14.60	16.63	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	—	—	—
Intel Corp.	0.55	0.56	0.57	0.59	0.66	0.78	0.92	1.02	1.16	1.25	1.31	1.33	1.36	1.38	—	—	—	—	—	—	—
KLA Corp.	9.59	10.17	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	—	—	—
Lam Research Corp.	7.50	9.39	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	—	—	—
Micron Technology Inc.	0.43	0.41	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	—	—	—
Monolithic Power Systems Inc.	4.87	4.94	5.10	5.40	5.27	5.02	4.87	4.20	3.60	3.33	3.25	3.13	3.13	3.00	—	—	—	—	—	—	—
NVIDIA Corp.	6.92	7.09	7.57	9.20	10.13	9.69	9.67	9.26	8.49	7.76	7.18	6.65	6.87	6.52	—	—	—	—	—	—	—
Qualcomm Inc.	7.40	7.10	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	—	—	—
Texas Instruments Inc.	1.61	1.75	1.94	2.21	2.54	2.91	3.11	3.30	3.49	3.57	4.37	4.56	4.49	4.42	—	—	—	—	—	—	—

¹ Q1 2024 Calculation
Net fixed asset turnover = (Revenue_{Q1 2024} + Revenue_{Q4 2023} + Revenue_{Q3 2023} + Revenue_{Q2 2023}) ÷ Property, plant and equipment and ROU financing lease assets, net
= (1,862,700 + 2,018,100 + 2,180,800 + 2,094,400) ÷ 4,426,100 = 1.84

² Click competitor name to see calculations.

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Long-term activity ratio	Description	The company
Net fixed asset turnover	An activity ratio calculated as total revenue divided by net fixed assets.	ON Semiconductor Corp. net fixed asset turnover ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.

ON Semiconductor Corp., total asset turnover calculation (quarterly data)

	Mar 29, 2024	Dec 31, 2023	Sep 29, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jul 1, 2022	Apr 1, 2022	Dec 31, 2021	Oct 1, 2021	Jul 2, 2021	Apr 2, 2021	Dec 31, 2020	Oct 2, 2020	Jul 3, 2020	Apr 3, 2020	Dec 31, 2019	Sep 27, 2019	Jun 28, 2019	Mar 29, 2019
Selected Financial Data (US$ in thousands)
Revenue	1,862,700)	2,018,100)	2,180,800)	2,094,400)	1,959,700)	2,103,600)	2,192,600)	2,085,000)	1,945,000)	1,846,100)	1,742,100)	1,669,900)	1,481,700)	1,446,300)	1,317,300)	1,213,500)	1,277,900)	1,401,800)	1,381,800)	1,347,700)	1,386,600)
Total assets	13,482,900)	13,215,200)	13,281,300)	12,762,700)	12,274,300)	11,978,500)	11,100,700)	10,788,700)	10,212,400)	9,626,000)	8,940,700)	8,594,400)	8,630,400)	8,668,000)	9,254,000)	9,527,800)	9,420,800)	8,425,500)	8,522,300)	8,524,500)	7,564,300)
Long-term Activity Ratio
Total asset turnover¹	0.60	0.62	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	—	—	—
Benchmarks
Total Asset Turnover, Competitors²
Advanced Micro Devices Inc.	0.34	0.33	0.33	0.32	0.34	0.35	0.34	0.32	0.28	1.32	1.33	1.25	1.14	1.09	—	—	—	—	—	—	—
Analog Devices Inc.	0.24	0.25	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	—	—	—
Applied Materials Inc.	0.84	0.86	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	—	—	—
Broadcom Inc.	0.22	0.49	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	—	—	—
Intel Corp.	0.29	0.28	0.28	0.29	0.30	0.35	0.40	0.43	0.44	0.47	0.47	0.50	0.52	0.51	—	—	—	—	—	—	—
KLA Corp.	0.72	0.75	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	—	—	—
Lam Research Corp.	0.85	0.93	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	—	—	—
Micron Technology Inc.	0.25	0.24	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	—	—	—
Monolithic Power Systems Inc.	0.71	0.75	0.78	0.83	0.84	0.87	0.87	0.84	0.78	0.76	0.74	0.76	0.71	0.70	—	—	—	—	—	—	—
NVIDIA Corp.	0.58	0.65	0.71	0.68	0.65	0.61	0.60	0.57	0.63	0.58	0.55	0.52	0.51	0.63	—	—	—	—	—	—	—
Qualcomm Inc.	0.70	0.70	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	—	—	—
Texas Instruments Inc.	0.48	0.54	0.57	0.61	0.67	0.74	0.77	0.79	0.75	0.74	0.76	0.81	0.79	0.75	—	—	—	—	—	—	—

¹ Q1 2024 Calculation
Total asset turnover = (Revenue_{Q1 2024} + Revenue_{Q4 2023} + Revenue_{Q3 2023} + Revenue_{Q2 2023}) ÷ Total assets
= (1,862,700 + 2,018,100 + 2,180,800 + 2,094,400) ÷ 13,482,900 = 0.60

² Click competitor name to see calculations.

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Long-term activity ratio	Description	The company
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	ON Semiconductor Corp. total asset turnover ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.

ON Semiconductor Corp., equity turnover calculation (quarterly data)

	Mar 29, 2024	Dec 31, 2023	Sep 29, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jul 1, 2022	Apr 1, 2022	Dec 31, 2021	Oct 1, 2021	Jul 2, 2021	Apr 2, 2021	Dec 31, 2020	Oct 2, 2020	Jul 3, 2020	Apr 3, 2020	Dec 31, 2019	Sep 27, 2019	Jun 28, 2019	Mar 29, 2019
Selected Financial Data (US$ in thousands)
Revenue	1,862,700)	2,018,100)	2,180,800)	2,094,400)	1,959,700)	2,103,600)	2,192,600)	2,085,000)	1,945,000)	1,846,100)	1,742,100)	1,669,900)	1,481,700)	1,446,300)	1,317,300)	1,213,500)	1,277,900)	1,401,800)	1,381,800)	1,347,700)	1,386,600)
Total ON Semiconductor Corporation stockholders’ equity	8,123,900)	7,782,600)	7,484,300)	6,984,100)	6,448,000)	6,188,500)	5,656,000)	5,389,500)	4,998,200)	4,585,400)	4,123,700)	3,784,400)	3,629,600)	3,538,500)	3,423,400)	3,236,100)	3,214,900)	3,301,700)	3,215,300)	3,274,300)	3,198,200)
Long-term Activity Ratio
Equity turnover¹	1.00	1.06	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	—	—	—
Benchmarks
Equity Turnover, Competitors²
Advanced Micro Devices Inc.	0.41	0.41	0.40	0.40	0.42	0.43	0.42	0.39	0.34	2.19	2.08	1.89	1.76	1.67	—	—	—	—	—	—	—
Analog Devices Inc.	0.33	0.35	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	—	—	—
Applied Materials Inc.	1.52	1.62	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	—	—	—
Broadcom Inc.	0.55	1.49	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	—	—	—
Intel Corp.	0.52	0.51	0.52	0.53	0.58	0.62	0.70	0.73	0.75	0.83	0.87	0.91	0.97	0.96	—	—	—	—	—	—	—
KLA Corp.	3.40	3.59	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	—	—	—
Lam Research Corp.	1.97	2.12	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	—	—	—
Micron Technology Inc.	0.38	0.35	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	—	—	—
Monolithic Power Systems Inc.	0.86	0.89	0.94	1.00	1.05	1.08	1.09	1.05	1.00	0.97	0.95	0.96	0.91	0.87	—	—	—	—	—	—	—
NVIDIA Corp.	1.06	1.22	1.34	1.25	1.12	1.01	1.02	1.04	1.03	0.99	0.96	0.94	0.90	0.89	—	—	—	—	—	—	—
Qualcomm Inc.	1.57	1.66	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	—	—	—
Texas Instruments Inc.	0.99	1.04	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 Q1 2024 Calculation
Equity turnover = (Revenue_{Q1 2024} + Revenue_{Q4 2023} + Revenue_{Q3 2023} + Revenue_{Q2 2023}) ÷ Total ON Semiconductor Corporation stockholders’ equity
= (1,862,700 + 2,018,100 + 2,180,800 + 2,094,400) ÷ 8,123,900 = 1.00

² Click competitor name to see calculations.

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Long-term activity ratio	Description	The company
Equity turnover	An activity ratio calculated as total revenue divided by shareholders’ equity.	ON Semiconductor Corp. equity turnover ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.

ON Semiconductor Corp. (NASDAQ:ON)

Analysis of Long-term (Investment) Activity Ratios
Quarterly Data

Long-term Activity Ratios (Summary)

Net Fixed Asset Turnover

Total Asset Turnover

Equity Turnover

ON Semiconductor Corp. (NASDAQ:ON)

Analysis of Long-term (Investment) Activity Ratios Quarterly Data

Long-term Activity Ratios (Summary)

Net Fixed Asset Turnover

Total Asset Turnover

Equity Turnover

Analysis of Long-term (Investment) Activity Ratios
Quarterly Data