Stock Analysis on Net

Qualcomm Inc. (NASDAQ:QCOM)

Analysis of Short-term (Operating) Activity Ratios

Microsoft Excel LibreOffice Calc

Short-term Activity Ratios (Summary)

Qualcomm Inc., short-term (operating) activity ratios

Microsoft Excel LibreOffice Calc
Sep 26, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018 Sep 24, 2017 Sep 25, 2016
Turnover Ratios
Inventory turnover 4.42 3.56 6.14 6.05 4.81 6.27
Receivables turnover 15.16 8.76 23.21 7.98 6.23 10.74
Payables turnover 5.19 4.12 6.29 5.61 4.97 5.25
Working capital turnover 4.13 2.39 3.10 3.70 0.68 1.50
Average No. Days
Average inventory processing period 83 102 59 60 76 58
Add: Average receivable collection period 24 42 16 46 59 34
Operating cycle 107 144 75 106 135 92
Less: Average payables payment period 70 89 58 65 73 70
Cash conversion cycle 37 55 17 41 62 22

Based on: 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), 10-K (reporting date: 2016-09-25).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Qualcomm Inc. inventory turnover ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.
Receivables turnover An activity ratio equal to revenue divided by receivables. Qualcomm Inc. receivables turnover ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Qualcomm Inc. payables turnover ratio decreased from 2019 to 2020 but then slightly increased from 2020 to 2021.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Qualcomm Inc. working capital turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. Qualcomm Inc. number of days of inventory outstanding deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Qualcomm Inc. number of days of receivables outstanding deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level.
Operating cycle Equal to average inventory processing period plus average receivables collection period. Qualcomm Inc. operating cycle deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level.
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. Qualcomm Inc. number of days of payables outstanding increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. Qualcomm Inc. cash conversion cycle deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Inventory Turnover

Qualcomm Inc., inventory turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Sep 26, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018 Sep 24, 2017 Sep 25, 2016
Selected Financial Data (US$ in millions)
Cost of revenues 14,262  9,255  8,599  10,244  9,792  9,749 
Inventories 3,228  2,598  1,400  1,693  2,035  1,556 
Short-term Activity Ratio
Inventory turnover1 4.42 3.56 6.14 6.05 4.81 6.27
Benchmarks
Inventory Turnover, Competitors2
Advanced Micro Devices Inc. 3.87 3.93 4.77 4.74 4.36
Applied Materials Inc. 2.82 2.44 2.37 2.54 2.73 3.08
Broadcom Inc. 8.18 10.34 11.57 9.00 6.31 5.21
Intel Corp. 4.06 3.41 3.74 3.39 4.18
Lam Research Corp. 2.91 2.86 3.44 3.15 3.58 3.36
Micron Technology Inc. 3.85 2.65 2.48 3.48 3.81 3.42
NVIDIA Corp. 3.44 4.24 2.89 4.89 3.59 5.26
Texas Instruments Inc. 2.66 2.61 2.48 2.73 2.87
Inventory Turnover, Sector
Semiconductors & Semiconductor Equipment 3.55 3.44 3.84 3.70 4.05
Inventory Turnover, Industry
Information Technology 13.22 13.29 13.53 12.80 15.28

Based on: 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), 10-K (reporting date: 2016-09-25).

1 2021 Calculation
Inventory turnover = Cost of revenues ÷ Inventories
= 14,262 ÷ 3,228 = 4.42

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Qualcomm Inc. inventory turnover ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Receivables Turnover

Qualcomm Inc., receivables turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Sep 26, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018 Sep 24, 2017 Sep 25, 2016
Selected Financial Data (US$ in millions)
Revenues 33,566  23,531  24,273  22,732  22,291  23,554 
Accounts receivable, trade, net of allowances for doubtful accounts 2,214  2,687  1,046  2,848  3,576  2,194 
Short-term Activity Ratio
Receivables turnover1 15.16 8.76 23.21 7.98 6.23 10.74
Benchmarks
Receivables Turnover, Competitors2
Advanced Micro Devices Inc. 4.73 3.62 5.24 13.32 13.74
Applied Materials Inc. 4.66 5.81 5.77 6.73 6.22 4.75
Broadcom Inc. 13.25 10.40 6.93 6.27 7.20 6.07
Intel Corp. 11.48 9.40 10.54 11.19 12.66
Lam Research Corp. 4.83 4.79 6.63 5.09 4.79 4.66
Micron Technology Inc. 5.63 6.13 8.43 6.01 5.82 7.02
NVIDIA Corp. 6.86 6.59 8.23 7.68 8.37 9.92
Texas Instruments Inc. 10.23 13.39 13.08 11.71 10.55
Receivables Turnover, Sector
Semiconductors & Semiconductor Equipment 8.21 8.63 7.77 7.98 8.99
Receivables Turnover, Industry
Information Technology 8.34 7.61 7.94 8.34 8.64

Based on: 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), 10-K (reporting date: 2016-09-25).

1 2021 Calculation
Receivables turnover = Revenues ÷ Accounts receivable, trade, net of allowances for doubtful accounts
= 33,566 ÷ 2,214 = 15.16

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Qualcomm Inc. receivables turnover ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Payables Turnover

Qualcomm Inc., payables turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Sep 26, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018 Sep 24, 2017 Sep 25, 2016
Selected Financial Data (US$ in millions)
Cost of revenues 14,262  9,255  8,599  10,244  9,792  9,749 
Trade accounts payable 2,750  2,248  1,368  1,825  1,971  1,858 
Short-term Activity Ratio
Payables turnover1 5.19 4.12 6.29 5.61 4.97 5.25
Benchmarks
Payables Turnover, Competitors2
Advanced Micro Devices Inc. 11.57 3.91 7.63 9.13 7.44
Applied Materials Inc. 8.25 8.46 8.58 9.47 8.47 7.77
Broadcom Inc. 9.77 12.41 11.83 12.47 8.26 5.79
Intel Corp. 6.14 7.23 7.09 8.09 9.37
Lam Research Corp. 9.43 9.18 14.06 11.57 9.49 9.38
Micron Technology Inc. 9.91 6.79 7.58 7.39 8.92 8.34
NVIDIA Corp. 5.23 6.04 8.89 6.53 5.87 7.43
Texas Instruments Inc. 12.51 13.45 11.52 11.47 12.95
Payables Turnover, Sector
Semiconductors & Semiconductor Equipment 6.96 7.86 7.88 7.80 7.75
Payables Turnover, Industry
Information Technology 5.58 5.29 4.93 4.98 5.65

Based on: 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), 10-K (reporting date: 2016-09-25).

1 2021 Calculation
Payables turnover = Cost of revenues ÷ Trade accounts payable
= 14,262 ÷ 2,750 = 5.19

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Qualcomm Inc. payables turnover ratio decreased from 2019 to 2020 but then slightly increased from 2020 to 2021.

Working Capital Turnover

Qualcomm Inc., working capital turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Sep 26, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018 Sep 24, 2017 Sep 25, 2016
Selected Financial Data (US$ in millions)
Current assets 20,075  18,519  16,765  17,384  43,593  22,981 
Less: Current liabilities 11,951  8,672  8,935  11,236  10,907  7,311 
Working capital 8,124  9,847  7,830  6,148  32,686  15,670 
 
Revenues 33,566  23,531  24,273  22,732  22,291  23,554 
Short-term Activity Ratio
Working capital turnover1 4.13 2.39 3.10 3.70 0.68 1.50
Benchmarks
Working Capital Turnover, Competitors2
Advanced Micro Devices Inc. 2.62 3.01 4.16 4.69 3.61
Applied Materials Inc. 2.36 1.93 2.54 2.58 1.65 2.29
Broadcom Inc. 2.66 4.32 7.49 3.08 1.33 3.27
Intel Corp. 3.46 8.06 5.83 5.20 3.91
Lam Research Corp. 1.80 1.31 1.56 1.85 1.29 0.87
Micron Technology Inc. 2.05 1.89 2.31 2.95 2.85 2.66
NVIDIA Corp. 1.37 0.92 1.27 1.20 1.02 1.35
Texas Instruments Inc. 1.84 2.17 2.81 2.31 2.57
Working Capital Turnover, Sector
Semiconductors & Semiconductor Equipment 2.34 3.33 3.24 1.83 2.42
Working Capital Turnover, Industry
Information Technology 2.92 3.13 2.85 2.15 2.37

Based on: 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), 10-K (reporting date: 2016-09-25).

1 2021 Calculation
Working capital turnover = Revenues ÷ Working capital
= 33,566 ÷ 8,124 = 4.13

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. Qualcomm Inc. working capital turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Average Inventory Processing Period

Qualcomm Inc., average inventory processing period calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Sep 26, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018 Sep 24, 2017 Sep 25, 2016
Selected Financial Data
Inventory turnover 4.42 3.56 6.14 6.05 4.81 6.27
Short-term Activity Ratio (no. days)
Average inventory processing period1 83 102 59 60 76 58
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Advanced Micro Devices Inc. 94 93 77 77 84
Applied Materials Inc. 129 150 154 144 134 119
Broadcom Inc. 45 35 32 41 58 70
Intel Corp. 90 107 98 108 87
Lam Research Corp. 126 128 106 116 102 109
Micron Technology Inc. 95 138 147 105 96 107
NVIDIA Corp. 106 86 126 75 102 69
Texas Instruments Inc. 137 140 147 134 127
Average Inventory Processing Period, Sector
Semiconductors & Semiconductor Equipment 103 106 95 99 90
Average Inventory Processing Period, Industry
Information Technology 28 27 27 29 24

Based on: 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), 10-K (reporting date: 2016-09-25).

1 2021 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 4.42 = 83

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. Qualcomm Inc. number of days of inventory outstanding deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Average Receivable Collection Period

Qualcomm Inc., average receivable collection period calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Sep 26, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018 Sep 24, 2017 Sep 25, 2016
Selected Financial Data
Receivables turnover 15.16 8.76 23.21 7.98 6.23 10.74
Short-term Activity Ratio (no. days)
Average receivable collection period1 24 42 16 46 59 34
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Advanced Micro Devices Inc. 77 101 70 27 27
Applied Materials Inc. 78 63 63 54 59 77
Broadcom Inc. 28 35 53 58 51 60
Intel Corp. 32 39 35 33 29
Lam Research Corp. 76 76 55 72 76 78
Micron Technology Inc. 65 59 43 61 63 52
NVIDIA Corp. 53 55 44 48 44 37
Texas Instruments Inc. 36 27 28 31 35
Average Receivable Collection Period, Sector
Semiconductors & Semiconductor Equipment 44 42 47 46 41
Average Receivable Collection Period, Industry
Information Technology 44 48 46 44 42

Based on: 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), 10-K (reporting date: 2016-09-25).

1 2021 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 15.16 = 24

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Qualcomm Inc. number of days of receivables outstanding deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level.

Operating Cycle

Qualcomm Inc., operating cycle calculation, comparison to benchmarks

No. days

Microsoft Excel LibreOffice Calc
Sep 26, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018 Sep 24, 2017 Sep 25, 2016
Selected Financial Data
Average inventory processing period 83 102 59 60 76 58
Average receivable collection period 24 42 16 46 59 34
Short-term Activity Ratio
Operating cycle1 107 144 75 106 135 92
Benchmarks
Operating Cycle, Competitors2
Advanced Micro Devices Inc. 171 194 147 104 111
Applied Materials Inc. 207 213 217 198 193 196
Broadcom Inc. 73 70 85 99 109 130
Intel Corp. 122 146 133 141 116
Lam Research Corp. 202 204 161 188 178 187
Micron Technology Inc. 160 197 190 166 159 159
NVIDIA Corp. 159 141 170 123 146 106
Texas Instruments Inc. 173 167 175 165 162
Operating Cycle, Sector
Semiconductors & Semiconductor Equipment 147 148 142 145 131
Operating Cycle, Industry
Information Technology 72 75 73 73 66

Based on: 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), 10-K (reporting date: 2016-09-25).

1 2021 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 83 + 24 = 107

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period. Qualcomm Inc. operating cycle deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level.

Average Payables Payment Period

Qualcomm Inc., average payables payment period calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Sep 26, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018 Sep 24, 2017 Sep 25, 2016
Selected Financial Data
Payables turnover 5.19 4.12 6.29 5.61 4.97 5.25
Short-term Activity Ratio (no. days)
Average payables payment period1 70 89 58 65 73 70
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Advanced Micro Devices Inc. 32 93 48 40 49
Applied Materials Inc. 44 43 43 39 43 47
Broadcom Inc. 37 29 31 29 44 63
Intel Corp. 59 51 51 45 39
Lam Research Corp. 39 40 26 32 38 39
Micron Technology Inc. 37 54 48 49 41 44
NVIDIA Corp. 70 60 41 56 62 49
Texas Instruments Inc. 29 27 32 32 28
Average Payables Payment Period, Sector
Semiconductors & Semiconductor Equipment 52 46 46 47 47
Average Payables Payment Period, Industry
Information Technology 65 69 74 73 65

Based on: 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), 10-K (reporting date: 2016-09-25).

1 2021 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 5.19 = 70

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. Qualcomm Inc. number of days of payables outstanding increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.

Cash Conversion Cycle

Qualcomm Inc., cash conversion cycle calculation, comparison to benchmarks

No. days

Microsoft Excel LibreOffice Calc
Sep 26, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018 Sep 24, 2017 Sep 25, 2016
Selected Financial Data
Average inventory processing period 83 102 59 60 76 58
Average receivable collection period 24 42 16 46 59 34
Average payables payment period 70 89 58 65 73 70
Short-term Activity Ratio
Cash conversion cycle1 37 55 17 41 62 22
Benchmarks
Cash Conversion Cycle, Competitors2
Advanced Micro Devices Inc. 139 101 99 64 62
Applied Materials Inc. 163 170 174 159 150 149
Broadcom Inc. 36 41 54 70 65 67
Intel Corp. 63 95 82 96 77
Lam Research Corp. 163 164 135 156 140 148
Micron Technology Inc. 123 143 142 117 118 115
NVIDIA Corp. 89 81 129 67 84 57
Texas Instruments Inc. 144 140 143 133 134
Cash Conversion Cycle, Sector
Semiconductors & Semiconductor Equipment 95 102 96 98 84
Cash Conversion Cycle, Industry
Information Technology 7 6 -1 0 1

Based on: 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), 10-K (reporting date: 2016-09-25).

1 2021 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 83 + 2470 = 37

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. Qualcomm Inc. cash conversion cycle deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.