Stock Analysis on Net
Stock Analysis on Net

Advanced Micro Devices Inc. (NASDAQ:AMD)

Adjusted Financial Ratios

Microsoft Excel

Adjusted Financial Ratios (Summary)

Advanced Micro Devices Inc., adjusted financial ratios

Microsoft Excel
Dec 28, 2024 Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020
Activity Ratio
Total Asset Turnover
Reported 0.37 0.33 0.35 1.32 1.09
Adjusted 0.38 0.34 0.35 1.43 1.27
Solvency Ratios
Debt to Equity
Reported 0.03 0.04 0.05 0.04 0.06
Adjusted 0.04 0.05 0.05 0.11 0.12
Debt to Capital
Reported 0.03 0.04 0.04 0.04 0.05
Adjusted 0.04 0.05 0.05 0.10 0.11
Financial Leverage
Reported 1.20 1.21 1.23 1.66 1.54
Adjusted 1.19 1.19 1.19 1.73 1.66
Profitability Ratios
Net Profit Margin
Reported 6.36% 3.77% 5.59% 19.24% 25.50%
Adjusted 2.37% -0.50% -0.89% 21.08% 13.38%
Return on Equity (ROE)
Reported 2.85% 1.53% 2.41% 42.18% 42.66%
Adjusted 1.06% -0.20% -0.37% 52.26% 28.15%
Return on Assets (ROA)
Reported 2.37% 1.26% 1.95% 25.46% 27.78%
Adjusted 0.89% -0.17% -0.31% 30.15% 16.92%

Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26).

Financial ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Advanced Micro Devices Inc. adjusted total asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Advanced Micro Devices Inc. adjusted debt-to-equity ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Advanced Micro Devices Inc. adjusted debt-to-capital ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 Advanced Micro Devices Inc. adjusted financial leverage ratio decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Advanced Micro Devices Inc. adjusted net profit margin ratio improved from 2022 to 2023 and from 2023 to 2024.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Advanced Micro Devices Inc. adjusted ROE improved from 2022 to 2023 and from 2023 to 2024.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Advanced Micro Devices Inc. adjusted ROA improved from 2022 to 2023 and from 2023 to 2024.

Advanced Micro Devices Inc., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Microsoft Excel
Dec 28, 2024 Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020
Reported
Selected Financial Data (US$ in millions)
Net revenue 25,785 22,680 23,601 16,434 9,763
Total assets 69,226 67,885 67,580 12,419 8,962
Activity Ratio
Total asset turnover1 0.37 0.33 0.35 1.32 1.09
Adjusted
Selected Financial Data (US$ in millions)
Net revenue 25,785 22,680 23,601 16,434 9,763
Adjusted total assets2 68,538 67,519 67,522 11,488 7,717
Activity Ratio
Adjusted total asset turnover3 0.38 0.34 0.35 1.43 1.27

Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26).

1 2024 Calculation
Total asset turnover = Net revenue ÷ Total assets
= 25,785 ÷ 69,226 = 0.37

2 Adjusted total assets. See details »

3 2024 Calculation
Adjusted total asset turnover = Net revenue ÷ Adjusted total assets
= 25,785 ÷ 68,538 = 0.38

Activity ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Advanced Micro Devices Inc. adjusted total asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.

Adjusted Debt to Equity

Microsoft Excel
Dec 28, 2024 Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020
Reported
Selected Financial Data (US$ in millions)
Total debt 1,721 2,468 2,467 313 330
Stockholders’ equity 57,568 55,892 54,750 7,497 5,837
Solvency Ratio
Debt to equity1 0.03 0.04 0.05 0.04 0.06
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 2,321 3,109 2,956 732 572
Adjusted stockholders’ equity3 57,506 56,813 56,691 6,629 4,640
Solvency Ratio
Adjusted debt to equity4 0.04 0.05 0.05 0.11 0.12

Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26).

1 2024 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 1,721 ÷ 57,568 = 0.03

2 Adjusted total debt. See details »

3 Adjusted stockholders’ equity. See details »

4 2024 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted stockholders’ equity
= 2,321 ÷ 57,506 = 0.04

Solvency ratio Description The company
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Advanced Micro Devices Inc. adjusted debt-to-equity ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.

Adjusted Debt to Capital

Microsoft Excel
Dec 28, 2024 Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020
Reported
Selected Financial Data (US$ in millions)
Total debt 1,721 2,468 2,467 313 330
Total capital 59,289 58,360 57,217 7,810 6,167
Solvency Ratio
Debt to capital1 0.03 0.04 0.04 0.04 0.05
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 2,321 3,109 2,956 732 572
Adjusted total capital3 59,827 59,922 59,647 7,361 5,212
Solvency Ratio
Adjusted debt to capital4 0.04 0.05 0.05 0.10 0.11

Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26).

1 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 1,721 ÷ 59,289 = 0.03

2 Adjusted total debt. See details »

3 Adjusted total capital. See details »

4 2024 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 2,321 ÷ 59,827 = 0.04

Solvency ratio Description The company
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Advanced Micro Devices Inc. adjusted debt-to-capital ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.

Adjusted Financial Leverage

Microsoft Excel
Dec 28, 2024 Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020
Reported
Selected Financial Data (US$ in millions)
Total assets 69,226 67,885 67,580 12,419 8,962
Stockholders’ equity 57,568 55,892 54,750 7,497 5,837
Solvency Ratio
Financial leverage1 1.20 1.21 1.23 1.66 1.54
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total assets2 68,538 67,519 67,522 11,488 7,717
Adjusted stockholders’ equity3 57,506 56,813 56,691 6,629 4,640
Solvency Ratio
Adjusted financial leverage4 1.19 1.19 1.19 1.73 1.66

Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26).

1 2024 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 69,226 ÷ 57,568 = 1.20

2 Adjusted total assets. See details »

3 Adjusted stockholders’ equity. See details »

4 2024 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted stockholders’ equity
= 68,538 ÷ 57,506 = 1.19

Solvency ratio Description The company
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 Advanced Micro Devices Inc. adjusted financial leverage ratio decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.

Adjusted Net Profit Margin

Microsoft Excel
Dec 28, 2024 Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020
Reported
Selected Financial Data (US$ in millions)
Net income 1,641 854 1,320 3,162 2,490
Net revenue 25,785 22,680 23,601 16,434 9,763
Profitability Ratio
Net profit margin1 6.36% 3.77% 5.59% 19.24% 25.50%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income2 611 (114) (209) 3,464 1,306
Net revenue 25,785 22,680 23,601 16,434 9,763
Profitability Ratio
Adjusted net profit margin3 2.37% -0.50% -0.89% 21.08% 13.38%

Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26).

1 2024 Calculation
Net profit margin = 100 × Net income ÷ Net revenue
= 100 × 1,641 ÷ 25,785 = 6.36%

2 Adjusted net income. See details »

3 2024 Calculation
Adjusted net profit margin = 100 × Adjusted net income ÷ Net revenue
= 100 × 611 ÷ 25,785 = 2.37%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Advanced Micro Devices Inc. adjusted net profit margin ratio improved from 2022 to 2023 and from 2023 to 2024.

Adjusted Return on Equity (ROE)

Microsoft Excel
Dec 28, 2024 Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020
Reported
Selected Financial Data (US$ in millions)
Net income 1,641 854 1,320 3,162 2,490
Stockholders’ equity 57,568 55,892 54,750 7,497 5,837
Profitability Ratio
ROE1 2.85% 1.53% 2.41% 42.18% 42.66%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income2 611 (114) (209) 3,464 1,306
Adjusted stockholders’ equity3 57,506 56,813 56,691 6,629 4,640
Profitability Ratio
Adjusted ROE4 1.06% -0.20% -0.37% 52.26% 28.15%

Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26).

1 2024 Calculation
ROE = 100 × Net income ÷ Stockholders’ equity
= 100 × 1,641 ÷ 57,568 = 2.85%

2 Adjusted net income. See details »

3 Adjusted stockholders’ equity. See details »

4 2024 Calculation
Adjusted ROE = 100 × Adjusted net income ÷ Adjusted stockholders’ equity
= 100 × 611 ÷ 57,506 = 1.06%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Advanced Micro Devices Inc. adjusted ROE improved from 2022 to 2023 and from 2023 to 2024.

Adjusted Return on Assets (ROA)

Microsoft Excel
Dec 28, 2024 Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020
Reported
Selected Financial Data (US$ in millions)
Net income 1,641 854 1,320 3,162 2,490
Total assets 69,226 67,885 67,580 12,419 8,962
Profitability Ratio
ROA1 2.37% 1.26% 1.95% 25.46% 27.78%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income2 611 (114) (209) 3,464 1,306
Adjusted total assets3 68,538 67,519 67,522 11,488 7,717
Profitability Ratio
Adjusted ROA4 0.89% -0.17% -0.31% 30.15% 16.92%

Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26).

1 2024 Calculation
ROA = 100 × Net income ÷ Total assets
= 100 × 1,641 ÷ 69,226 = 2.37%

2 Adjusted net income. See details »

3 Adjusted total assets. See details »

4 2024 Calculation
Adjusted ROA = 100 × Adjusted net income ÷ Adjusted total assets
= 100 × 611 ÷ 68,538 = 0.89%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Advanced Micro Devices Inc. adjusted ROA improved from 2022 to 2023 and from 2023 to 2024.