Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.

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

Ratio	Description	The company
Net fixed asset turnover	An activity ratio calculated as total revenue divided by net fixed assets.	Qualcomm Inc.’s net fixed asset turnover deteriorated from 2016 to 2017 but then slightly improved from 2017 to 2018.
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	Qualcomm Inc.’s total asset turnover deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level.
Equity turnover	An activity ratio calculated as total revenue divided by shareholders’ equity.	Qualcomm Inc.’s equity turnover deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level.

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

		Sep 30, 2018	Sep 24, 2017	Sep 25, 2016	Sep 27, 2015	Sep 28, 2014	Sep 29, 2013
	Selected Financial Data (USD $ in millions)
	Revenues
	Property, plant and equipment, net
	Ratio
	Net fixed asset turnover¹
	Benchmarks
	Net Fixed Asset Turnover, Competitors
	Apple Inc.
	Applied Materials Inc.
	Broadcom Inc.
	Cisco Systems Inc.
	HP Inc.
	Intel Corp.
	NVIDIA Corp.
	Texas Instruments Inc.
	Net Fixed Asset Turnover, Sector
	Technology Hardware & Equipment
	Net Fixed Asset Turnover, Industry
	Technology

2018 Calculations

¹ Net fixed asset turnover = Revenues ÷ Property, plant and equipment, net
= hidden ÷ hidden = hidden

Ratio	Description	The company
Net fixed asset turnover	An activity ratio calculated as total revenue divided by net fixed assets.	Qualcomm Inc.’s net fixed asset turnover deteriorated from 2016 to 2017 but then slightly improved from 2017 to 2018.

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

		Sep 30, 2018	Sep 24, 2017	Sep 25, 2016	Sep 27, 2015	Sep 28, 2014	Sep 29, 2013
	Selected Financial Data (USD $ in millions)
	Revenues
	Total assets
	Ratio
	Total asset turnover¹
	Benchmarks
	Total Asset Turnover, Competitors
	Apple Inc.
	Applied Materials Inc.
	Broadcom Inc.
	Cisco Systems Inc.
	HP Inc.
	Intel Corp.
	NVIDIA Corp.
	Texas Instruments Inc.
	Total Asset Turnover, Sector
	Technology Hardware & Equipment
	Total Asset Turnover, Industry
	Technology

2018 Calculations

¹ Total asset turnover = Revenues ÷ Total assets
= hidden ÷ hidden = hidden

Ratio	Description	The company
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	Qualcomm Inc.’s total asset turnover deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level.

Qualcomm Inc., equity turnover calculation, comparison to benchmarks

		Sep 30, 2018	Sep 24, 2017	Sep 25, 2016	Sep 27, 2015	Sep 28, 2014	Sep 29, 2013
	Selected Financial Data (USD $ in millions)
	Revenues
	Total Qualcomm stockholders’ equity
	Ratio
	Equity turnover¹
	Benchmarks
	Equity Turnover, Competitors
	Apple Inc.
	Applied Materials Inc.
	Broadcom Inc.
	Cisco Systems Inc.
	HP Inc.
	Intel Corp.
	NVIDIA Corp.
	Texas Instruments Inc.
	Equity Turnover, Sector
	Technology Hardware & Equipment
	Equity Turnover, Industry
	Technology

2018 Calculations

¹ Equity turnover = Revenues ÷ Total Qualcomm stockholders’ equity
= hidden ÷ hidden = hidden

Ratio	Description	The company
Equity turnover	An activity ratio calculated as total revenue divided by shareholders’ equity.	Qualcomm Inc.’s equity turnover deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level.

	Qualcomm Inc.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality

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Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality

Qualcomm Inc. (QCOM)

Long-term (Investment) Activity Analysis