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)
Qualcomm Inc., long-term (investment) activity ratios
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Qualcomm Inc. net fixed asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level. |
| 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). | Qualcomm Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Qualcomm Inc. total asset turnover ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Qualcomm Inc. equity turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Net Fixed Asset Turnover
Qualcomm Inc., net fixed asset turnover calculation, comparison to benchmarks
| Sep 29, 2024 | Sep 24, 2023 | Sep 25, 2022 | Sep 26, 2021 | Sep 27, 2020 | Sep 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Revenues | 38,962) | 35,820) | 44,200) | 33,566) | 23,531) | 24,273) | |
| Property, plant and equipment, net | 4,665) | 5,042) | 5,168) | 4,559) | 3,711) | 3,081) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover1 | 8.35 | 7.10 | 8.55 | 7.36 | 6.34 | 7.88 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||
| Advanced Micro Devices Inc. | 14.31 | 14.27 | 15.60 | 23.41 | 15.23 | — | |
| Analog Devices Inc. | 2.76 | 3.82 | 5.00 | 3.70 | 5.00 | 4.91 | |
| Applied Materials Inc. | 8.14 | 9.37 | 11.18 | 11.93 | 10.72 | 9.55 | |
| Broadcom Inc. | 20.46 | 16.63 | 14.94 | 11.69 | 9.52 | 8.81 | |
| Intel Corp. | 0.49 | 0.56 | 0.78 | 1.25 | 1.38 | — | |
| KLA Corp. | 8.84 | 10.17 | 10.84 | 10.44 | 11.17 | 10.18 | |
| Lam Research Corp. | 6.92 | 9.39 | 10.46 | 11.22 | 9.37 | 9.12 | |
| Micron Technology Inc. | 0.63 | 0.41 | 0.80 | 0.83 | 0.69 | 0.83 | |
| Monolithic Power Systems Inc. | 4.46 | 4.94 | 5.02 | 3.33 | 3.00 | — | |
| NVIDIA Corp. | 15.57 | 7.09 | 9.69 | 7.76 | 6.52 | — | |
| Texas Instruments Inc. | 1.38 | 1.75 | 2.91 | 3.57 | 4.42 | — | |
| Net Fixed Asset Turnover, Sector | |||||||
| Semiconductors & Semiconductor Equipment | 1.83 | 1.66 | 2.11 | 2.32 | 2.13 | — | |
| Net Fixed Asset Turnover, Industry | |||||||
| Information Technology | 3.46 | 3.78 | 4.44 | 4.74 | 4.57 | — | |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).
1 2024 Calculation
Net fixed asset turnover = Revenues ÷ Property, plant and equipment, net
= 38,962 ÷ 4,665 = 8.35
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. | Qualcomm Inc. net fixed asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Qualcomm Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Sep 29, 2024 | Sep 24, 2023 | Sep 25, 2022 | Sep 26, 2021 | Sep 27, 2020 | Sep 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Revenues | 38,962) | 35,820) | 44,200) | 33,566) | 23,531) | 24,273) | |
| Property, plant and equipment, net | 4,665) | 5,042) | 5,168) | 4,559) | 3,711) | 3,081) | |
| Operating lease assets (included in Other assets) | 719) | 612) | 631) | 513) | 460) | —) | |
| Property, plant and equipment, net (including operating lease, right-of-use asset) | 5,384) | 5,654) | 5,799) | 5,072) | 4,171) | 3,081) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 7.24 | 6.34 | 7.62 | 6.62 | 5.64 | 7.88 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | |||||||
| Advanced Micro Devices Inc. | 10.63 | 10.21 | 11.96 | 15.37 | 11.50 | — | |
| Analog Devices Inc. | 2.58 | 3.52 | 4.51 | 3.24 | 4.07 | 4.91 | |
| Applied Materials Inc. | 7.32 | 8.28 | 9.56 | 10.35 | 9.27 | 9.55 | |
| Broadcom Inc. | 13.41 | 13.69 | 12.12 | 9.35 | 7.71 | 8.81 | |
| Intel Corp. | 0.49 | 0.56 | 0.78 | 1.24 | 1.36 | — | |
| KLA Corp. | 7.31 | 8.46 | 9.43 | 9.03 | 9.36 | 10.18 | |
| Lam Research Corp. | 6.05 | 8.30 | 9.19 | 9.90 | 8.06 | 9.12 | |
| Micron Technology Inc. | 0.62 | 0.40 | 0.78 | 0.82 | 0.68 | 0.83 | |
| Monolithic Power Systems Inc. | 4.31 | 4.83 | 4.96 | 3.27 | 2.96 | — | |
| NVIDIA Corp. | 11.58 | 5.57 | 7.46 | 5.84 | 4.76 | — | |
| Texas Instruments Inc. | 1.29 | 1.66 | 2.74 | 3.27 | 4.03 | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | |||||||
| Semiconductors & Semiconductor Equipment | 1.77 | 1.61 | 2.04 | 2.23 | 2.05 | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | |||||||
| Information Technology | 3.05 | 3.32 | 3.84 | 4.02 | 3.86 | — | |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).
1 2024 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenues ÷ Property, plant and equipment, net (including operating lease, right-of-use asset)
= 38,962 ÷ 5,384 = 7.24
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). | Qualcomm Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level. |
Total Asset Turnover
Qualcomm Inc., total asset turnover calculation, comparison to benchmarks
| Sep 29, 2024 | Sep 24, 2023 | Sep 25, 2022 | Sep 26, 2021 | Sep 27, 2020 | Sep 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Revenues | 38,962) | 35,820) | 44,200) | 33,566) | 23,531) | 24,273) | |
| Total assets | 55,154) | 51,040) | 49,014) | 41,240) | 35,594) | 32,957) | |
| Long-term Activity Ratio | |||||||
| Total asset turnover1 | 0.71 | 0.70 | 0.90 | 0.81 | 0.66 | 0.74 | |
| Benchmarks | |||||||
| Total Asset Turnover, Competitors2 | |||||||
| Advanced Micro Devices Inc. | 0.37 | 0.33 | 0.35 | 1.32 | 1.09 | — | |
| Analog Devices Inc. | 0.20 | 0.25 | 0.24 | 0.14 | 0.26 | 0.28 | |
| Applied Materials Inc. | 0.79 | 0.86 | 0.96 | 0.89 | 0.77 | 0.77 | |
| Broadcom Inc. | 0.31 | 0.49 | 0.45 | 0.36 | 0.31 | 0.33 | |
| Intel Corp. | 0.27 | 0.28 | 0.35 | 0.47 | 0.51 | — | |
| KLA Corp. | 0.64 | 0.75 | 0.73 | 0.67 | 0.63 | 0.51 | |
| Lam Research Corp. | 0.80 | 0.93 | 1.00 | 0.92 | 0.69 | 0.80 | |
| Micron Technology Inc. | 0.36 | 0.24 | 0.46 | 0.47 | 0.40 | 0.48 | |
| Monolithic Power Systems Inc. | 0.61 | 0.75 | 0.87 | 0.76 | 0.70 | — | |
| NVIDIA Corp. | 0.93 | 0.65 | 0.61 | 0.58 | 0.63 | — | |
| Texas Instruments Inc. | 0.44 | 0.54 | 0.74 | 0.74 | 0.75 | — | |
| Total Asset Turnover, Sector | |||||||
| Semiconductors & Semiconductor Equipment | 0.43 | 0.44 | 0.50 | 0.53 | 0.51 | — | |
| Total Asset Turnover, Industry | |||||||
| Information Technology | 0.58 | 0.61 | 0.65 | 0.62 | 0.58 | — | |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).
1 2024 Calculation
Total asset turnover = Revenues ÷ Total assets
= 38,962 ÷ 55,154 = 0.71
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. | Qualcomm Inc. total asset turnover ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Equity Turnover
Qualcomm Inc., equity turnover calculation, comparison to benchmarks
| Sep 29, 2024 | Sep 24, 2023 | Sep 25, 2022 | Sep 26, 2021 | Sep 27, 2020 | Sep 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Revenues | 38,962) | 35,820) | 44,200) | 33,566) | 23,531) | 24,273) | |
| Stockholders’ equity | 26,274) | 21,581) | 18,013) | 9,950) | 6,077) | 4,909) | |
| Long-term Activity Ratio | |||||||
| Equity turnover1 | 1.48 | 1.66 | 2.45 | 3.37 | 3.87 | 4.94 | |
| Benchmarks | |||||||
| Equity Turnover, Competitors2 | |||||||
| Advanced Micro Devices Inc. | 0.45 | 0.41 | 0.43 | 2.19 | 1.67 | — | |
| Analog Devices Inc. | 0.27 | 0.35 | 0.33 | 0.19 | 0.47 | 0.51 | |
| Applied Materials Inc. | 1.43 | 1.62 | 2.11 | 1.88 | 1.63 | 1.78 | |
| Broadcom Inc. | 0.76 | 1.49 | 1.46 | 1.10 | 1.00 | 0.91 | |
| Intel Corp. | 0.53 | 0.51 | 0.62 | 0.83 | 0.96 | — | |
| KLA Corp. | 2.91 | 3.59 | 6.57 | 2.05 | 2.18 | 1.72 | |
| Lam Research Corp. | 1.75 | 2.12 | 2.74 | 2.43 | 1.94 | 2.07 | |
| Micron Technology Inc. | 0.56 | 0.35 | 0.62 | 0.63 | 0.55 | 0.65 | |
| Monolithic Power Systems Inc. | 0.70 | 0.89 | 1.08 | 0.97 | 0.87 | — | |
| NVIDIA Corp. | 1.42 | 1.22 | 1.01 | 0.99 | 0.89 | — | |
| Texas Instruments Inc. | 0.93 | 1.04 | 1.37 | 1.38 | 1.57 | — | |
| Equity Turnover, Sector | |||||||
| Semiconductors & Semiconductor Equipment | 0.79 | 0.78 | 0.89 | 1.00 | 1.06 | — | |
| Equity Turnover, Industry | |||||||
| Information Technology | 1.42 | 1.56 | 1.74 | 1.79 | 1.82 | — | |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).
1 2024 Calculation
Equity turnover = Revenues ÷ Stockholders’ equity
= 38,962 ÷ 26,274 = 1.48
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. | Qualcomm Inc. equity turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |