Microsoft Excel LibreOffice Calc

Texas Instruments Inc. (TXN)


Analysis of Long-term (Investment) Activity Ratios

Beginner level


Long-term Activity Ratios (Summary)

Texas Instruments Inc., long-term (investment) activity ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Net fixed asset turnover 4.96 5.62 5.32 5.01 4.59
Total asset turnover 0.92 0.85 0.81 0.80 0.74
Equity turnover 1.75 1.45 1.28 1.31 1.26

Based on: 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-24).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Texas Instruments Inc.’s net fixed asset turnover ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Texas Instruments Inc.’s total asset turnover ratio improved from 2016 to 2017 and from 2017 to 2018.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Texas Instruments Inc.’s equity turnover ratio improved from 2016 to 2017 and from 2017 to 2018.

Net Fixed Asset Turnover

Texas Instruments Inc., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Revenue 15,784  14,961  13,370  13,000  13,045 
Property, plant and equipment 3,183  2,664  2,512  2,596  2,840 
Long-term Activity Ratio
Net fixed asset turnover1 4.96 5.62 5.32 5.01 4.59
Benchmarks
Net Fixed Asset Turnover, Competitors2
Apple Inc. 6.43 6.79 7.98 10.40 8.86
Applied Materials Inc. 12.26 13.64 11.55 10.83 10.54
Broadcom Inc. 7.91 6.79 5.28 4.67 3.69
Cisco Systems Inc. 16.41 14.45 14.05 14.75 14.50
Intel Corp. 1.45 1.53 1.64 1.74
Micron Technology Inc. 1.28 1.05 0.84 1.53 1.88
NVIDIA Corp. 9.74 13.26 10.75 8.40 7.09
Qualcomm Inc. 7.64 6.93 10.21 9.98 10.65
Net Fixed Asset Turnover, Sector
Technology Hardware & Equipment 3.92 4.05 4.47 5.43
Net Fixed Asset Turnover, Industry
Technology 3.62 3.93 4.36 5.15

Based on: 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-24).

1 2018 Calculation
Net fixed asset turnover = Revenue ÷ Property, plant and equipment
= 15,784 ÷ 3,183 = 4.96

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. Texas Instruments Inc.’s net fixed asset turnover ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018.

Total Asset Turnover

Texas Instruments Inc., total asset turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Revenue 15,784  14,961  13,370  13,000  13,045 
Total assets 17,137  17,642  16,431  16,230  17,722 
Long-term Activity Ratio
Total asset turnover1 0.92 0.85 0.81 0.80 0.74
Benchmarks
Total Asset Turnover, Competitors2
Apple Inc. 0.73 0.61 0.67 0.80 0.79
Applied Materials Inc. 0.97 0.75 0.74 0.63 0.69
Broadcom Inc. 0.42 0.32 0.26 0.64 0.41
Cisco Systems Inc. 0.45 0.37 0.40 0.43 0.45
Intel Corp. 0.55 0.51 0.52 0.54
Micron Technology Inc. 0.70 0.58 0.45 0.67 0.73
NVIDIA Corp. 0.86 0.70 0.68 0.65 0.57
Qualcomm Inc. 0.70 0.34 0.45 0.50 0.55
Total Asset Turnover, Sector
Technology Hardware & Equipment 0.65 0.53 0.56 0.66
Total Asset Turnover, Industry
Technology 0.57 0.49 0.52 0.59

Based on: 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-24).

1 2018 Calculation
Total asset turnover = Revenue ÷ Total assets
= 15,784 ÷ 17,137 = 0.92

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. Texas Instruments Inc.’s total asset turnover ratio improved from 2016 to 2017 and from 2017 to 2018.

Equity Turnover

Texas Instruments Inc., equity turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Revenue 15,784  14,961  13,370  13,000  13,045 
Stockholders’ equity 8,994  10,337  10,473  9,946  10,390 
Long-term Activity Ratio
Equity turnover1 1.75 1.45 1.28 1.31 1.26
Benchmarks
Equity Turnover, Competitors2
Apple Inc. 2.48 1.71 1.68 1.96 1.64
Applied Materials Inc. 2.52 1.55 1.50 1.27 1.15
Broadcom Inc. 0.78 0.87 0.70 1.45 1.32
Cisco Systems Inc. 1.14 0.73 0.77 0.82 0.83
Intel Corp. 0.95 0.91 0.90 0.91
Micron Technology Inc. 0.94 1.09 1.03 1.32 1.52
NVIDIA Corp. 1.30 1.20 1.12 1.06 0.93
Qualcomm Inc. 24.50 0.73 0.74 0.80 0.68
Equity Turnover, Sector
Technology Hardware & Equipment 1.63 1.20 1.17 1.33
Equity Turnover, Industry
Technology 1.29 1.08 1.07 1.16

Based on: 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-24).

1 2018 Calculation
Equity turnover = Revenue ÷ Stockholders’ equity
= 15,784 ÷ 8,994 = 1.75

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. Texas Instruments Inc.’s equity turnover ratio improved from 2016 to 2017 and from 2017 to 2018.