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 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
Activity Ratio
Total Asset Turnover
Reported 0.33 0.35 1.32 1.09 1.12
Adjusted 0.34 0.35 1.43 1.27 1.12
Solvency Ratios
Debt to Equity
Reported 0.04 0.05 0.04 0.06 0.17
Adjusted 0.05 0.05 0.11 0.12 0.26
Debt to Capital
Reported 0.04 0.04 0.04 0.05 0.15
Adjusted 0.05 0.05 0.10 0.11 0.20
Financial Leverage
Reported 1.21 1.23 1.66 1.54 2.13
Adjusted 1.19 1.19 1.73 1.66 2.12
Profitability Ratios
Net Profit Margin
Reported 3.77% 5.59% 19.24% 25.50% 5.07%
Adjusted -0.50% -0.89% 21.08% 13.38% 5.11%
Return on Equity (ROE)
Reported 1.53% 2.41% 42.18% 42.66% 12.06%
Adjusted -0.20% -0.37% 52.26% 28.15% 12.15%
Return on Assets (ROA)
Reported 1.26% 1.95% 25.46% 27.78% 5.66%
Adjusted -0.17% -0.31% 30.15% 16.92% 5.73%

Based on: 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), 10-K (reporting date: 2019-12-28).

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 2021 to 2022 and from 2022 to 2023.
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 improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.
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 improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.
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 2021 to 2022 and from 2022 to 2023.
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 deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Advanced Micro Devices Inc. adjusted ROE deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Advanced Micro Devices Inc. adjusted ROA deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

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

Adjusted Total Asset Turnover

Microsoft Excel
Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
Reported
Selected Financial Data (US$ in millions)
Net revenue 22,680 23,601 16,434 9,763 6,731
Total assets 67,885 67,580 12,419 8,962 6,028
Activity Ratio
Total asset turnover1 0.33 0.35 1.32 1.09 1.12
Adjusted
Selected Financial Data (US$ in millions)
Net revenue 22,680 23,601 16,434 9,763 6,731
Adjusted total assets2 67,519 67,522 11,488 7,717 6,006
Activity Ratio
Adjusted total asset turnover3 0.34 0.35 1.43 1.27 1.12

Based on: 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), 10-K (reporting date: 2019-12-28).

1 2023 Calculation
Total asset turnover = Net revenue ÷ Total assets
= 22,680 ÷ 67,885 = 0.33

2 Adjusted total assets. See details »

3 2023 Calculation
Adjusted total asset turnover = Net revenue ÷ Adjusted total assets
= 22,680 ÷ 67,519 = 0.34

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 2021 to 2022 and from 2022 to 2023.

Adjusted Debt to Equity

Microsoft Excel
Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
Reported
Selected Financial Data (US$ in millions)
Total debt 2,468 2,467 313 330 486
Stockholders’ equity 55,892 54,750 7,497 5,837 2,827
Solvency Ratio
Debt to equity1 0.04 0.05 0.04 0.06 0.17
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 3,109 2,956 732 572 728
Adjusted stockholders’ equity3 56,813 56,691 6,629 4,640 2,831
Solvency Ratio
Adjusted debt to equity4 0.05 0.05 0.11 0.12 0.26

Based on: 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), 10-K (reporting date: 2019-12-28).

1 2023 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 2,468 ÷ 55,892 = 0.04

2 Adjusted total debt. See details »

3 Adjusted stockholders’ equity. See details »

4 2023 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted stockholders’ equity
= 3,109 ÷ 56,813 = 0.05

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 improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

Adjusted Debt to Capital

Microsoft Excel
Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
Reported
Selected Financial Data (US$ in millions)
Total debt 2,468 2,467 313 330 486
Total capital 58,360 57,217 7,810 6,167 3,313
Solvency Ratio
Debt to capital1 0.04 0.04 0.04 0.05 0.15
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 3,109 2,956 732 572 728
Adjusted total capital3 59,922 59,647 7,361 5,212 3,559
Solvency Ratio
Adjusted debt to capital4 0.05 0.05 0.10 0.11 0.20

Based on: 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), 10-K (reporting date: 2019-12-28).

1 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 2,468 ÷ 58,360 = 0.04

2 Adjusted total debt. See details »

3 Adjusted total capital. See details »

4 2023 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 3,109 ÷ 59,922 = 0.05

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 improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

Adjusted Financial Leverage

Microsoft Excel
Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
Reported
Selected Financial Data (US$ in millions)
Total assets 67,885 67,580 12,419 8,962 6,028
Stockholders’ equity 55,892 54,750 7,497 5,837 2,827
Solvency Ratio
Financial leverage1 1.21 1.23 1.66 1.54 2.13
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total assets2 67,519 67,522 11,488 7,717 6,006
Adjusted stockholders’ equity3 56,813 56,691 6,629 4,640 2,831
Solvency Ratio
Adjusted financial leverage4 1.19 1.19 1.73 1.66 2.12

Based on: 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), 10-K (reporting date: 2019-12-28).

1 2023 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 67,885 ÷ 55,892 = 1.21

2 Adjusted total assets. See details »

3 Adjusted stockholders’ equity. See details »

4 2023 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted stockholders’ equity
= 67,519 ÷ 56,813 = 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 2021 to 2022 and from 2022 to 2023.

Adjusted Net Profit Margin

Microsoft Excel
Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
Reported
Selected Financial Data (US$ in millions)
Net income 854 1,320 3,162 2,490 341
Net revenue 22,680 23,601 16,434 9,763 6,731
Profitability Ratio
Net profit margin1 3.77% 5.59% 19.24% 25.50% 5.07%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income2 (114) (209) 3,464 1,306 344
Net revenue 22,680 23,601 16,434 9,763 6,731
Profitability Ratio
Adjusted net profit margin3 -0.50% -0.89% 21.08% 13.38% 5.11%

Based on: 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), 10-K (reporting date: 2019-12-28).

1 2023 Calculation
Net profit margin = 100 × Net income ÷ Net revenue
= 100 × 854 ÷ 22,680 = 3.77%

2 Adjusted net income. See details »

3 2023 Calculation
Adjusted net profit margin = 100 × Adjusted net income ÷ Net revenue
= 100 × -114 ÷ 22,680 = -0.50%

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 deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Adjusted Return on Equity (ROE)

Microsoft Excel
Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
Reported
Selected Financial Data (US$ in millions)
Net income 854 1,320 3,162 2,490 341
Stockholders’ equity 55,892 54,750 7,497 5,837 2,827
Profitability Ratio
ROE1 1.53% 2.41% 42.18% 42.66% 12.06%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income2 (114) (209) 3,464 1,306 344
Adjusted stockholders’ equity3 56,813 56,691 6,629 4,640 2,831
Profitability Ratio
Adjusted ROE4 -0.20% -0.37% 52.26% 28.15% 12.15%

Based on: 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), 10-K (reporting date: 2019-12-28).

1 2023 Calculation
ROE = 100 × Net income ÷ Stockholders’ equity
= 100 × 854 ÷ 55,892 = 1.53%

2 Adjusted net income. See details »

3 Adjusted stockholders’ equity. See details »

4 2023 Calculation
Adjusted ROE = 100 × Adjusted net income ÷ Adjusted stockholders’ equity
= 100 × -114 ÷ 56,813 = -0.20%

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 deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Adjusted Return on Assets (ROA)

Microsoft Excel
Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
Reported
Selected Financial Data (US$ in millions)
Net income 854 1,320 3,162 2,490 341
Total assets 67,885 67,580 12,419 8,962 6,028
Profitability Ratio
ROA1 1.26% 1.95% 25.46% 27.78% 5.66%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income2 (114) (209) 3,464 1,306 344
Adjusted total assets3 67,519 67,522 11,488 7,717 6,006
Profitability Ratio
Adjusted ROA4 -0.17% -0.31% 30.15% 16.92% 5.73%

Based on: 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), 10-K (reporting date: 2019-12-28).

1 2023 Calculation
ROA = 100 × Net income ÷ Total assets
= 100 × 854 ÷ 67,885 = 1.26%

2 Adjusted net income. See details »

3 Adjusted total assets. See details »

4 2023 Calculation
Adjusted ROA = 100 × Adjusted net income ÷ Adjusted total assets
= 100 × -114 ÷ 67,519 = -0.17%

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 deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.