Analysis of Long-term (Investment) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Analog Devices Inc., long-term (investment) activity ratios
Based on: 10-K (reporting date: 2023-10-28), 10-K (reporting date: 2022-10-29), 10-K (reporting date: 2021-10-30), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-11-02), 10-K (reporting date: 2018-11-03).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Analog Devices Inc. net fixed asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Analog Devices Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Analog Devices Inc. total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Analog Devices Inc. equity turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Net Fixed Asset Turnover
Analog Devices Inc., net fixed asset turnover calculation, comparison to benchmarks
| Oct 28, 2023 | Oct 29, 2022 | Oct 30, 2021 | Oct 31, 2020 | Nov 2, 2019 | Nov 3, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Revenue | 12,305,539) | 12,013,953) | 7,318,286) | 5,603,056) | 5,991,065) | 6,200,942) | |
| Net property, plant and equipment | 3,219,157) | 2,401,304) | 1,979,051) | 1,120,561) | 1,219,989) | 1,154,328) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover1 | 3.82 | 5.00 | 3.70 | 5.00 | 4.91 | 5.37 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||
| Advanced Micro Devices Inc. | 14.27 | 15.60 | 23.41 | 15.23 | 13.46 | — | |
| Applied Materials Inc. | 9.37 | 11.18 | 11.93 | 10.72 | 9.55 | 12.26 | |
| Broadcom Inc. | 16.63 | 14.94 | 11.69 | 9.52 | 8.81 | 7.91 | |
| First Solar Inc. | 0.75 | 0.74 | 1.10 | 1.13 | 1.40 | — | |
| Intel Corp. | 0.56 | 0.78 | 1.25 | 1.38 | 1.30 | — | |
| KLA Corp. | 10.17 | 10.84 | 10.44 | 11.17 | 10.18 | — | |
| Lam Research Corp. | 9.39 | 10.46 | 11.22 | 9.37 | 9.12 | — | |
| Micron Technology Inc. | 0.41 | 0.80 | 0.83 | 0.69 | 0.83 | — | |
| NVIDIA Corp. | 7.09 | 9.69 | 7.76 | 6.52 | 8.34 | — | |
| Qualcomm Inc. | 7.10 | 8.55 | 7.36 | 6.34 | 7.88 | — | |
| Texas Instruments Inc. | 1.75 | 2.91 | 3.57 | 4.42 | 4.35 | — | |
| Net Fixed Asset Turnover, Sector | |||||||
| Semiconductors & Semiconductor Equipment | 1.63 | 2.08 | 2.29 | 2.10 | 2.11 | — | |
| Net Fixed Asset Turnover, Industry | |||||||
| Information Technology | 3.52 | 4.14 | 4.45 | 4.24 | 4.29 | — | |
Based on: 10-K (reporting date: 2023-10-28), 10-K (reporting date: 2022-10-29), 10-K (reporting date: 2021-10-30), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-11-02), 10-K (reporting date: 2018-11-03).
1 2023 Calculation
Net fixed asset turnover = Revenue ÷ Net property, plant and equipment
= 12,305,539 ÷ 3,219,157 = 3.82
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. | Analog Devices Inc. net fixed asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Analog Devices Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Oct 28, 2023 | Oct 29, 2022 | Oct 30, 2021 | Oct 31, 2020 | Nov 2, 2019 | Nov 3, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Revenue | 12,305,539) | 12,013,953) | 7,318,286) | 5,603,056) | 5,991,065) | 6,200,942) | |
| Net property, plant and equipment | 3,219,157) | 2,401,304) | 1,979,051) | 1,120,561) | 1,219,989) | 1,154,328) | |
| Operating lease right-of-use assets (in Other assets) | 277,220) | 262,997) | 279,542) | 256,625) | —) | —) | |
| Net property, plant and equipment (including operating lease, right-of-use asset) | 3,496,377) | 2,664,301) | 2,258,593) | 1,377,186) | 1,219,989) | 1,154,328) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 3.52 | 4.51 | 3.24 | 4.07 | 4.91 | 5.37 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | |||||||
| Advanced Micro Devices Inc. | 10.21 | 11.96 | 15.37 | 11.50 | 9.55 | — | |
| Applied Materials Inc. | 8.28 | 9.56 | 10.35 | 9.27 | 9.55 | 12.26 | |
| Broadcom Inc. | 13.69 | 12.12 | 9.35 | 7.71 | 8.81 | 7.91 | |
| First Solar Inc. | 0.74 | 0.72 | 1.02 | 1.03 | 1.32 | — | |
| Intel Corp. | 0.56 | 0.78 | 1.24 | 1.36 | 1.28 | — | |
| KLA Corp. | 8.46 | 9.43 | 9.03 | 9.36 | 10.18 | — | |
| Lam Research Corp. | 8.30 | 9.19 | 9.90 | 8.06 | 9.12 | — | |
| Micron Technology Inc. | 0.40 | 0.78 | 0.82 | 0.68 | 0.83 | — | |
| NVIDIA Corp. | 5.57 | 7.46 | 5.84 | 4.76 | 8.34 | — | |
| Qualcomm Inc. | 6.34 | 7.62 | 6.62 | 5.64 | 7.88 | — | |
| Texas Instruments Inc. | 1.66 | 2.74 | 3.27 | 4.03 | 3.95 | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | |||||||
| Semiconductors & Semiconductor Equipment | 1.58 | 2.01 | 2.20 | 2.02 | 2.08 | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | |||||||
| Information Technology | 3.09 | 3.59 | 3.79 | 3.60 | 4.00 | — | |
Based on: 10-K (reporting date: 2023-10-28), 10-K (reporting date: 2022-10-29), 10-K (reporting date: 2021-10-30), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-11-02), 10-K (reporting date: 2018-11-03).
1 2023 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenue ÷ Net property, plant and equipment (including operating lease, right-of-use asset)
= 12,305,539 ÷ 3,496,377 = 3.52
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Analog Devices Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Total Asset Turnover
Analog Devices Inc., total asset turnover calculation, comparison to benchmarks
| Oct 28, 2023 | Oct 29, 2022 | Oct 30, 2021 | Oct 31, 2020 | Nov 2, 2019 | Nov 3, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Revenue | 12,305,539) | 12,013,953) | 7,318,286) | 5,603,056) | 5,991,065) | 6,200,942) | |
| Total assets | 48,794,478) | 50,302,350) | 52,322,071) | 21,468,603) | 21,392,641) | 20,449,779) | |
| Long-term Activity Ratio | |||||||
| Total asset turnover1 | 0.25 | 0.24 | 0.14 | 0.26 | 0.28 | 0.30 | |
| Benchmarks | |||||||
| Total Asset Turnover, Competitors2 | |||||||
| Advanced Micro Devices Inc. | 0.33 | 0.35 | 1.32 | 1.09 | 1.12 | — | |
| Applied Materials Inc. | 0.86 | 0.96 | 0.89 | 0.77 | 0.77 | 0.97 | |
| Broadcom Inc. | 0.49 | 0.45 | 0.36 | 0.31 | 0.33 | 0.42 | |
| First Solar Inc. | 0.32 | 0.32 | 0.39 | 0.38 | 0.41 | — | |
| Intel Corp. | 0.28 | 0.35 | 0.47 | 0.51 | 0.53 | — | |
| KLA Corp. | 0.75 | 0.73 | 0.67 | 0.63 | 0.51 | — | |
| Lam Research Corp. | 0.93 | 1.00 | 0.92 | 0.69 | 0.80 | — | |
| Micron Technology Inc. | 0.24 | 0.46 | 0.47 | 0.40 | 0.48 | — | |
| NVIDIA Corp. | 0.65 | 0.61 | 0.58 | 0.63 | 0.88 | — | |
| Qualcomm Inc. | 0.70 | 0.90 | 0.81 | 0.66 | 0.74 | — | |
| Texas Instruments Inc. | 0.54 | 0.74 | 0.74 | 0.75 | 0.80 | — | |
| Total Asset Turnover, Sector | |||||||
| Semiconductors & Semiconductor Equipment | 0.43 | 0.49 | 0.53 | 0.51 | 0.54 | — | |
| Total Asset Turnover, Industry | |||||||
| Information Technology | 0.59 | 0.63 | 0.61 | 0.57 | 0.58 | — | |
Based on: 10-K (reporting date: 2023-10-28), 10-K (reporting date: 2022-10-29), 10-K (reporting date: 2021-10-30), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-11-02), 10-K (reporting date: 2018-11-03).
1 2023 Calculation
Total asset turnover = Revenue ÷ Total assets
= 12,305,539 ÷ 48,794,478 = 0.25
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. | Analog Devices Inc. total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Equity Turnover
Analog Devices Inc., equity turnover calculation, comparison to benchmarks
| Oct 28, 2023 | Oct 29, 2022 | Oct 30, 2021 | Oct 31, 2020 | Nov 2, 2019 | Nov 3, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Revenue | 12,305,539) | 12,013,953) | 7,318,286) | 5,603,056) | 5,991,065) | 6,200,942) | |
| Shareholders’ equity | 35,565,122) | 36,465,323) | 37,992,542) | 11,997,945) | 11,709,188) | 10,988,540) | |
| Long-term Activity Ratio | |||||||
| Equity turnover1 | 0.35 | 0.33 | 0.19 | 0.47 | 0.51 | 0.56 | |
| Benchmarks | |||||||
| Equity Turnover, Competitors2 | |||||||
| Advanced Micro Devices Inc. | 0.41 | 0.43 | 2.19 | 1.67 | 2.38 | — | |
| Applied Materials Inc. | 1.62 | 2.11 | 1.88 | 1.63 | 1.78 | 2.52 | |
| Broadcom Inc. | 1.49 | 1.46 | 1.10 | 1.00 | 0.91 | 0.78 | |
| First Solar Inc. | 0.50 | 0.45 | 0.49 | 0.49 | 0.60 | — | |
| Intel Corp. | 0.51 | 0.62 | 0.83 | 0.96 | 0.93 | — | |
| KLA Corp. | 3.59 | 6.57 | 2.05 | 2.18 | 1.72 | — | |
| Lam Research Corp. | 2.12 | 2.74 | 2.43 | 1.94 | 2.07 | — | |
| Micron Technology Inc. | 0.35 | 0.62 | 0.63 | 0.55 | 0.65 | — | |
| NVIDIA Corp. | 1.22 | 1.01 | 0.99 | 0.89 | 1.25 | — | |
| Qualcomm Inc. | 1.66 | 2.45 | 3.37 | 3.87 | 4.94 | — | |
| Texas Instruments Inc. | 1.04 | 1.37 | 1.38 | 1.57 | 1.61 | — | |
| Equity Turnover, Sector | |||||||
| Semiconductors & Semiconductor Equipment | 0.77 | 0.88 | 0.99 | 1.05 | 1.08 | — | |
| Equity Turnover, Industry | |||||||
| Information Technology | 1.44 | 1.60 | 1.66 | 1.64 | 1.65 | — | |
Based on: 10-K (reporting date: 2023-10-28), 10-K (reporting date: 2022-10-29), 10-K (reporting date: 2021-10-30), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-11-02), 10-K (reporting date: 2018-11-03).
1 2023 Calculation
Equity turnover = Revenue ÷ Shareholders’ equity
= 12,305,539 ÷ 35,565,122 = 0.35
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. | Analog Devices Inc. equity turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |