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

Ratios (Summary)
Inventory Turnover
Payables Turnover
Working Capital Turnover
Average Inventory Processing Period
Average Payables Payment Period

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

		Mar 31, 2019	Dec 30, 2018	Sep 30, 2018	Jun 24, 2018	Mar 25, 2018	Dec 24, 2017	Sep 24, 2017	Jun 25, 2017	Mar 26, 2017	Dec 25, 2016	Sep 25, 2016	Jun 26, 2016	Mar 27, 2016	Dec 27, 2015	Sep 27, 2015	Jun 28, 2015	Mar 29, 2015	Dec 28, 2014	Sep 28, 2014	Jun 29, 2014	Mar 30, 2014	Dec 29, 2013	Sep 29, 2013	Jun 30, 2013	Mar 31, 2013	Dec 30, 2012
	Turnover Ratios
	Inventory turnover
	Payables turnover
	Working capital turnover
	Average No. of Days
	Average inventory processing period
	Less: Average payables payment period

Ratio	Description	The company
Inventory turnover	An activity ratio calculated as cost of goods sold divided by inventory.	Qualcomm Inc.’s inventory turnover deteriorated from Q4 2018 to Q1 2019 and from Q1 2019 to Q2 2019.
Payables turnover	An activity ratio calculated as cost of goods sold divided by payables.	Qualcomm Inc.’s payables turnover increased from Q4 2018 to Q1 2019 but then slightly declined from Q1 2019 to Q2 2019 not reaching Q4 2018 level.
Working capital turnover	An activity ratio calculated as revenue divided by working capital.	Qualcomm Inc.’s working capital turnover improved from Q4 2018 to Q1 2019 but then deteriorated significantly from Q1 2019 to Q2 2019.

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.’s average inventory processing period deteriorated from Q4 2018 to Q1 2019 and from Q1 2019 to Q2 2019.
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.’s average payables payment period declined from Q4 2018 to Q1 2019 but then increased from Q1 2019 to Q2 2019 not reaching Q4 2018 level.

Qualcomm Inc., inventory turnover calculation (quarterly data)

		Mar 31, 2019	Dec 30, 2018	Sep 30, 2018	Jun 24, 2018	Mar 25, 2018	Dec 24, 2017	Sep 24, 2017	Jun 25, 2017	Mar 26, 2017	Dec 25, 2016	Sep 25, 2016	Jun 26, 2016	Mar 27, 2016	Dec 27, 2015	Sep 27, 2015	Jun 28, 2015	Mar 29, 2015	Dec 28, 2014	Sep 28, 2014	Jun 29, 2014	Mar 30, 2014	Dec 29, 2013	Sep 29, 2013	Jun 30, 2013	Mar 31, 2013	Dec 30, 2012
	Selected Financial Data (USD $ in millions)
	Cost of revenues
	Inventories
	Ratio
	Inventory turnover¹

Q2 2019 Calculations

¹ Inventory turnover = (Cost of revenues_{Q2 2019} + Cost of revenues_{Q1 2019} + Cost of revenues_{Q4 2018} + Cost of revenues_{Q3 2018}) ÷ Inventories
= ( hidden + hidden + hidden + hidden ) ÷ hidden = hidden

Ratio	Description	The company
Inventory turnover	An activity ratio calculated as cost of goods sold divided by inventory.	Qualcomm Inc.’s inventory turnover deteriorated from Q4 2018 to Q1 2019 and from Q1 2019 to Q2 2019.

Qualcomm Inc., payables turnover calculation (quarterly data)

		Mar 31, 2019	Dec 30, 2018	Sep 30, 2018	Jun 24, 2018	Mar 25, 2018	Dec 24, 2017	Sep 24, 2017	Jun 25, 2017	Mar 26, 2017	Dec 25, 2016	Sep 25, 2016	Jun 26, 2016	Mar 27, 2016	Dec 27, 2015	Sep 27, 2015	Jun 28, 2015	Mar 29, 2015	Dec 28, 2014	Sep 28, 2014	Jun 29, 2014	Mar 30, 2014	Dec 29, 2013	Sep 29, 2013	Jun 30, 2013	Mar 31, 2013	Dec 30, 2012
	Selected Financial Data (USD $ in millions)
	Cost of revenues
	Trade accounts payable
	Ratio
	Payables turnover¹

Q2 2019 Calculations

¹ Payables turnover = (Cost of revenues_{Q2 2019} + Cost of revenues_{Q1 2019} + Cost of revenues_{Q4 2018} + Cost of revenues_{Q3 2018}) ÷ Trade accounts payable
= ( hidden + hidden + hidden + hidden ) ÷ hidden = hidden

Ratio	Description	The company
Payables turnover	An activity ratio calculated as cost of goods sold divided by payables.	Qualcomm Inc.’s payables turnover increased from Q4 2018 to Q1 2019 but then slightly declined from Q1 2019 to Q2 2019 not reaching Q4 2018 level.

Qualcomm Inc., working capital turnover calculation (quarterly data)

		Mar 31, 2019	Dec 30, 2018	Sep 30, 2018	Jun 24, 2018	Mar 25, 2018	Dec 24, 2017	Sep 24, 2017	Jun 25, 2017	Mar 26, 2017	Dec 25, 2016	Sep 25, 2016	Jun 26, 2016	Mar 27, 2016	Dec 27, 2015	Sep 27, 2015	Jun 28, 2015	Mar 29, 2015	Dec 28, 2014	Sep 28, 2014	Jun 29, 2014	Mar 30, 2014	Dec 29, 2013	Sep 29, 2013	Jun 30, 2013	Mar 31, 2013	Dec 30, 2012
	Selected Financial Data (USD $ in millions)
	Current assets
	Less: Current liabilities
	Working capital
	Revenues
	Ratio
	Working capital turnover¹

Q2 2019 Calculations

¹ Working capital turnover = (Revenues_{Q2 2019} + Revenues_{Q1 2019} + Revenues_{Q4 2018} + Revenues_{Q3 2018}) ÷ Working capital
= ( hidden + hidden + hidden + hidden ) ÷ hidden = hidden

Ratio	Description	The company
Working capital turnover	An activity ratio calculated as revenue divided by working capital.	Qualcomm Inc.’s working capital turnover improved from Q4 2018 to Q1 2019 but then deteriorated significantly from Q1 2019 to Q2 2019.

Qualcomm Inc., average inventory processing period calculation (quarterly data)

		Mar 31, 2019	Dec 30, 2018	Sep 30, 2018	Jun 24, 2018	Mar 25, 2018	Dec 24, 2017	Sep 24, 2017	Jun 25, 2017	Mar 26, 2017	Dec 25, 2016	Sep 25, 2016	Jun 26, 2016	Mar 27, 2016	Dec 27, 2015	Sep 27, 2015	Jun 28, 2015	Mar 29, 2015	Dec 28, 2014	Sep 28, 2014	Jun 29, 2014	Mar 30, 2014	Dec 29, 2013	Sep 29, 2013	Jun 30, 2013	Mar 31, 2013	Dec 30, 2012
	Selected Financial Data
	Inventory turnover
	Ratio (no. of days)
	Average inventory processing period¹

Q2 2019 Calculations

¹ Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ hidden = hidden

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.’s average inventory processing period deteriorated from Q4 2018 to Q1 2019 and from Q1 2019 to Q2 2019.

Qualcomm Inc., average payables payment period calculation (quarterly data)

		Mar 31, 2019	Dec 30, 2018	Sep 30, 2018	Jun 24, 2018	Mar 25, 2018	Dec 24, 2017	Sep 24, 2017	Jun 25, 2017	Mar 26, 2017	Dec 25, 2016	Sep 25, 2016	Jun 26, 2016	Mar 27, 2016	Dec 27, 2015	Sep 27, 2015	Jun 28, 2015	Mar 29, 2015	Dec 28, 2014	Sep 28, 2014	Jun 29, 2014	Mar 30, 2014	Dec 29, 2013	Sep 29, 2013	Jun 30, 2013	Mar 31, 2013	Dec 30, 2012
	Selected Financial Data
	Payables turnover
	Ratio (no. of days)
	Average payables payment period¹

Q2 2019 Calculations

¹ Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ hidden = hidden

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.’s average payables payment period declined from Q4 2018 to Q1 2019 but then increased from Q1 2019 to Q2 2019 not reaching Q4 2018 level.

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

Short-term (Operating) Activity Analysis
Quarterly Data

Ratios (Summary)

Inventory Turnover

Payables Turnover

Working Capital Turnover

Average Inventory Processing Period

Average Payables Payment Period

Qualcomm Inc. (QCOM)

Short-term (Operating) Activity AnalysisQuarterly Data

Ratios (Summary)

Inventory Turnover

Payables Turnover

Working Capital Turnover

Average Inventory Processing Period

Average Payables Payment Period

Short-term (Operating) Activity Analysis
Quarterly Data