Stock Analysis on Net

Qualcomm Inc. (NASDAQ:QCOM)

Analysis of Long-term (Investment) Activity Ratios 

Microsoft Excel

Long-term Activity Ratios (Summary)

Qualcomm Inc., long-term (investment) activity ratios

Microsoft Excel
Sep 25, 2022 Sep 26, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018 Sep 24, 2017
Net fixed asset turnover 8.55 7.36 6.34 7.88 7.64 6.93
Net fixed asset turnover (including operating lease, right-of-use asset) 7.62 6.62 5.64 7.88 7.64 6.93
Total asset turnover 0.90 0.81 0.66 0.74 0.70 0.34
Equity turnover 2.45 3.37 3.87 4.94 24.50 0.73

Based on: 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), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-24).

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 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). Qualcomm 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. Qualcomm 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. Qualcomm Inc. equity turnover ratio deteriorated from 2020 to 2021 and from 2021 to 2022.

Net Fixed Asset Turnover

Qualcomm Inc., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel
Sep 25, 2022 Sep 26, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018 Sep 24, 2017
Selected Financial Data (US$ in millions)
Revenues 44,200 33,566 23,531 24,273 22,732 22,291
Property, plant and equipment, net 5,168 4,559 3,711 3,081 2,975 3,216
Long-term Activity Ratio
Net fixed asset turnover1 8.55 7.36 6.34 7.88 7.64 6.93
Benchmarks
Net Fixed Asset Turnover, Competitors2
Advanced Micro Devices Inc. 15.60 23.41 15.23 13.46 18.61
Analog Devices Inc. 5.00 3.70 5.00 4.91 5.37 4.61
Applied Materials Inc. 11.18 11.93 10.72 9.55 12.26 13.64
Broadcom Inc. 14.94 11.69 9.52 8.81 7.91 6.79
Intel Corp. 0.78 1.25 1.38 1.30 1.45
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 1.05
NVIDIA Corp. 9.69 7.76 6.52 8.34 9.74
ON Semiconductor Corp. 2.38 2.65 2.09 2.13 2.31
Texas Instruments Inc. 2.91 3.57 4.42 4.35 4.96
Net Fixed Asset Turnover, Sector
Semiconductors & Semiconductor Equipment 2.11 2.32 2.12 2.13 2.48
Net Fixed Asset Turnover, Industry
Information Technology 4.14 4.45 4.23 4.28 4.56

Based on: 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), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-24).

1 2022 Calculation
Net fixed asset turnover = Revenues ÷ Property, plant and equipment, net
= 44,200 ÷ 5,168 = 8.55

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 improved from 2020 to 2021 and from 2021 to 2022.

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

Microsoft Excel
Sep 25, 2022 Sep 26, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018 Sep 24, 2017
Selected Financial Data (US$ in millions)
Revenues 44,200 33,566 23,531 24,273 22,732 22,291
 
Property, plant and equipment, net 5,168 4,559 3,711 3,081 2,975 3,216
Operating lease assets (included in Other assets) 631 513 460
Property, plant and equipment, net (including operating lease, right-of-use asset) 5,799 5,072 4,171 3,081 2,975 3,216
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 7.62 6.62 5.64 7.88 7.64 6.93
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 18.61
Analog Devices Inc. 4.51 3.24 4.07 4.91 5.37 4.61
Applied Materials Inc. 9.56 10.35 9.27 9.55 12.26 13.64
Broadcom Inc. 12.12 9.35 7.71 8.81 7.91 6.79
Intel Corp. 0.78 1.24 1.36 1.28 1.45
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 1.05
NVIDIA Corp. 7.46 5.84 4.76 8.34 9.74
ON Semiconductor Corp. 2.22 2.48 1.98 2.04 2.31
Texas Instruments Inc. 2.74 3.27 4.03 3.95 4.96
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Semiconductors & Semiconductor Equipment 2.04 2.23 2.04 2.10 2.48
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Information Technology 3.59 3.80 3.60 4.00 4.40

Based on: 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), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-24).

1 2022 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)
= 44,200 ÷ 5,799 = 7.62

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) improved from 2020 to 2021 and from 2021 to 2022.

Total Asset Turnover

Qualcomm Inc., total asset turnover calculation, comparison to benchmarks

Microsoft Excel
Sep 25, 2022 Sep 26, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018 Sep 24, 2017
Selected Financial Data (US$ in millions)
Revenues 44,200 33,566 23,531 24,273 22,732 22,291
Total assets 49,014 41,240 35,594 32,957 32,686 65,486
Long-term Activity Ratio
Total asset turnover1 0.90 0.81 0.66 0.74 0.70 0.34
Benchmarks
Total Asset Turnover, Competitors2
Advanced Micro Devices Inc. 0.35 1.32 1.09 1.12 1.42
Analog Devices Inc. 0.24 0.14 0.26 0.28 0.30 0.24
Applied Materials Inc. 0.96 0.89 0.77 0.77 0.97 0.75
Broadcom Inc. 0.45 0.36 0.31 0.33 0.42 0.32
Intel Corp. 0.35 0.47 0.51 0.53 0.55
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 0.58
NVIDIA Corp. 0.61 0.58 0.63 0.88 0.86
ON Semiconductor Corp. 0.70 0.70 0.61 0.65 0.77
Texas Instruments Inc. 0.74 0.74 0.75 0.80 0.92
Total Asset Turnover, Sector
Semiconductors & Semiconductor Equipment 0.50 0.53 0.51 0.55 0.63
Total Asset Turnover, Industry
Information Technology 0.63 0.61 0.57 0.58 0.59

Based on: 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), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-24).

1 2022 Calculation
Total asset turnover = Revenues ÷ Total assets
= 44,200 ÷ 49,014 = 0.90

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 improved from 2020 to 2021 and from 2021 to 2022.

Equity Turnover

Qualcomm Inc., equity turnover calculation, comparison to benchmarks

Microsoft Excel
Sep 25, 2022 Sep 26, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018 Sep 24, 2017
Selected Financial Data (US$ in millions)
Revenues 44,200 33,566 23,531 24,273 22,732 22,291
Stockholders’ equity 18,013 9,950 6,077 4,909 928 30,746
Long-term Activity Ratio
Equity turnover1 2.45 3.37 3.87 4.94 24.50 0.73
Benchmarks
Equity Turnover, Competitors2
Advanced Micro Devices Inc. 0.43 2.19 1.67 2.38 5.11
Analog Devices Inc. 0.33 0.19 0.47 0.51 0.56 0.50
Applied Materials Inc. 2.11 1.88 1.63 1.78 2.52 1.55
Broadcom Inc. 1.46 1.10 1.00 0.91 0.78 0.87
Intel Corp. 0.62 0.83 0.96 0.93 0.95
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 1.09
NVIDIA Corp. 1.01 0.99 0.89 1.25 1.30
ON Semiconductor Corp. 1.35 1.47 1.49 1.67 1.85
Texas Instruments Inc. 1.37 1.38 1.57 1.61 1.75
Equity Turnover, Sector
Semiconductors & Semiconductor Equipment 0.90 1.01 1.07 1.11 1.22
Equity Turnover, Industry
Information Technology 1.61 1.67 1.65 1.65 1.64

Based on: 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), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-24).

1 2022 Calculation
Equity turnover = Revenues ÷ Stockholders’ equity
= 44,200 ÷ 18,013 = 2.45

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 2020 to 2021 and from 2021 to 2022.