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 24, 2023 Sep 25, 2022 Sep 26, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018
Net fixed asset turnover 7.10 8.55 7.36 6.34 7.88 7.64
Net fixed asset turnover (including operating lease, right-of-use asset) 6.34 7.62 6.62 5.64 7.88 7.64
Total asset turnover 0.70 0.90 0.81 0.66 0.74 0.70
Equity turnover 1.66 2.45 3.37 3.87 4.94 24.50

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

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 2021 to 2022 but then deteriorated significantly from 2022 to 2023.
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 2021 to 2022 but then deteriorated significantly from 2022 to 2023.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Qualcomm Inc. total asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Qualcomm Inc. equity turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Net Fixed Asset Turnover

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

Microsoft Excel
Sep 24, 2023 Sep 25, 2022 Sep 26, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018
Selected Financial Data (US$ in millions)
Revenues 35,820 44,200 33,566 23,531 24,273 22,732
Property, plant and equipment, net 5,042 5,168 4,559 3,711 3,081 2,975
Long-term Activity Ratio
Net fixed asset turnover1 7.10 8.55 7.36 6.34 7.88 7.64
Benchmarks
Net Fixed Asset Turnover, Competitors2
Advanced Micro Devices Inc. 14.27 15.60 23.41 15.23 13.46
Analog Devices Inc. 3.82 5.00 3.70 5.00 4.91 5.37
Applied Materials Inc. 9.37 11.18 11.93 10.72 9.55 12.26
Broadcom Inc. 16.63 14.94 11.69 9.52 8.81 7.91
First Solar Inc. 0.75 0.74 1.10 1.13 1.40
Intel Corp. 0.56 0.78 1.25 1.38 1.30
KLA Corp. 10.17 10.84 10.44 11.17 10.18 14.10
Lam Research Corp. 9.39 10.46 11.22 9.37 9.12 12.27
Micron Technology Inc. 0.41 0.80 0.83 0.69 0.83 1.28
NVIDIA Corp. 7.09 9.69 7.76 6.52 8.34
Texas Instruments Inc. 1.75 2.91 3.57 4.42 4.35
Net Fixed Asset Turnover, Sector
Semiconductors & Semiconductor Equipment 1.63 2.08 2.29 2.10 2.11
Net Fixed Asset Turnover, Industry
Information Technology 3.53 4.15 4.45 4.25 4.30

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

1 2023 Calculation
Net fixed asset turnover = Revenues ÷ Property, plant and equipment, net
= 35,820 ÷ 5,042 = 7.10

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 2021 to 2022 but then deteriorated significantly from 2022 to 2023.

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 24, 2023 Sep 25, 2022 Sep 26, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018
Selected Financial Data (US$ in millions)
Revenues 35,820 44,200 33,566 23,531 24,273 22,732
 
Property, plant and equipment, net 5,042 5,168 4,559 3,711 3,081 2,975
Operating lease assets (included in Other assets) 612 631 513 460
Property, plant and equipment, net (including operating lease, right-of-use asset) 5,654 5,799 5,072 4,171 3,081 2,975
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 6.34 7.62 6.62 5.64 7.88 7.64
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Advanced Micro Devices Inc. 10.21 11.96 15.37 11.50 9.55
Analog Devices Inc. 3.52 4.51 3.24 4.07 4.91 5.37
Applied Materials Inc. 8.28 9.56 10.35 9.27 9.55 12.26
Broadcom Inc. 13.69 12.12 9.35 7.71 8.81 7.91
First Solar Inc. 0.74 0.72 1.02 1.03 1.32
Intel Corp. 0.56 0.78 1.24 1.36 1.28
KLA Corp. 8.46 9.43 9.03 9.36 10.18 14.10
Lam Research Corp. 8.30 9.19 9.90 8.06 9.12 12.27
Micron Technology Inc. 0.40 0.78 0.82 0.68 0.83 1.28
NVIDIA Corp. 5.57 7.46 5.84 4.76 8.34
Texas Instruments Inc. 1.66 2.74 3.27 4.03 3.95
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Semiconductors & Semiconductor Equipment 1.58 2.01 2.20 2.02 2.08
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Information Technology 3.10 3.60 3.80 3.61 4.02

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

1 2023 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)
= 35,820 ÷ 5,654 = 6.34

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 2021 to 2022 but then deteriorated significantly from 2022 to 2023.

Total Asset Turnover

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

Microsoft Excel
Sep 24, 2023 Sep 25, 2022 Sep 26, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018
Selected Financial Data (US$ in millions)
Revenues 35,820 44,200 33,566 23,531 24,273 22,732
Total assets 51,040 49,014 41,240 35,594 32,957 32,686
Long-term Activity Ratio
Total asset turnover1 0.70 0.90 0.81 0.66 0.74 0.70
Benchmarks
Total Asset Turnover, Competitors2
Advanced Micro Devices Inc. 0.33 0.35 1.32 1.09 1.12
Analog Devices Inc. 0.25 0.24 0.14 0.26 0.28 0.30
Applied Materials Inc. 0.86 0.96 0.89 0.77 0.77 0.97
Broadcom Inc. 0.49 0.45 0.36 0.31 0.33 0.42
First Solar Inc. 0.32 0.32 0.39 0.38 0.41
Intel Corp. 0.28 0.35 0.47 0.51 0.53
KLA Corp. 0.75 0.73 0.67 0.63 0.51 0.72
Lam Research Corp. 0.93 1.00 0.92 0.69 0.80 0.89
Micron Technology Inc. 0.24 0.46 0.47 0.40 0.48 0.70
NVIDIA Corp. 0.65 0.61 0.58 0.63 0.88
Texas Instruments Inc. 0.54 0.74 0.74 0.75 0.80
Total Asset Turnover, Sector
Semiconductors & Semiconductor Equipment 0.43 0.49 0.53 0.51 0.54
Total Asset Turnover, Industry
Information Technology 0.59 0.62 0.61 0.56 0.58

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

1 2023 Calculation
Total asset turnover = Revenues ÷ Total assets
= 35,820 ÷ 51,040 = 0.70

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 2021 to 2022 but then deteriorated significantly from 2022 to 2023.

Equity Turnover

Qualcomm Inc., equity turnover calculation, comparison to benchmarks

Microsoft Excel
Sep 24, 2023 Sep 25, 2022 Sep 26, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018
Selected Financial Data (US$ in millions)
Revenues 35,820 44,200 33,566 23,531 24,273 22,732
Stockholders’ equity 21,581 18,013 9,950 6,077 4,909 928
Long-term Activity Ratio
Equity turnover1 1.66 2.45 3.37 3.87 4.94 24.50
Benchmarks
Equity Turnover, Competitors2
Advanced Micro Devices Inc. 0.41 0.43 2.19 1.67 2.38
Analog Devices Inc. 0.35 0.33 0.19 0.47 0.51 0.56
Applied Materials Inc. 1.62 2.11 1.88 1.63 1.78 2.52
Broadcom Inc. 1.49 1.46 1.10 1.00 0.91 0.78
First Solar Inc. 0.50 0.45 0.49 0.49 0.60
Intel Corp. 0.51 0.62 0.83 0.96 0.93
KLA Corp. 3.59 6.57 2.05 2.18 1.72 2.49
Lam Research Corp. 2.12 2.74 2.43 1.94 2.07 1.70
Micron Technology Inc. 0.35 0.62 0.63 0.55 0.65 0.94
NVIDIA Corp. 1.22 1.01 0.99 0.89 1.25
Texas Instruments Inc. 1.04 1.37 1.38 1.57 1.61
Equity Turnover, Sector
Semiconductors & Semiconductor Equipment 0.77 0.88 0.99 1.05 1.08
Equity Turnover, Industry
Information Technology 1.44 1.60 1.65 1.65 1.65

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

1 2023 Calculation
Equity turnover = Revenues ÷ Stockholders’ equity
= 35,820 ÷ 21,581 = 1.66

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 2021 to 2022 and from 2022 to 2023.