Stock Analysis on Net

Analog Devices Inc. (NASDAQ:ADI)

Analysis of Short-term (Operating) Activity Ratios
Quarterly Data

Microsoft Excel

Short-term Activity Ratios (Summary)

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

Microsoft Excel
Aug 3, 2024 May 4, 2024 Feb 3, 2024 Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018
Turnover Ratios
Inventory turnover 2.86 2.84 2.80 2.70 2.61 2.68 2.84 3.20 3.82 3.78 3.66 2.33 3.16 3.16 3.18 3.14 3.12 3.23 3.28 3.24 3.10 3.29 3.35 3.35
Receivables turnover 8.61 10.42 9.67 8.37 7.94 7.96 7.72 6.67 6.37 6.07 5.16 5.02 7.90 7.62 7.08 7.60 8.10 9.42 9.85 9.43 8.91 9.09 8.72 9.69
Payables turnover 9.63 9.94 10.91 8.98 7.62 7.76 8.09 7.70 8.43 9.01 8.17 6.30 7.82 7.25 8.66 8.42 8.85 9.83 9.12 8.78 8.99 9.60 8.92 7.54
Working capital turnover 4.38 5.52 7.75 10.40 6.41 6.13 4.61 4.81 4.94 4.23 3.50 2.81 21.89 49.24 6.18 4.86 6.92 11.81 40.91 12.57 11.74 8.72 5.48 8.78
Average No. Days
Average inventory processing period 127 128 131 135 140 136 129 114 96 97 100 157 115 116 115 116 117 113 111 113 118 111 109 109
Add: Average receivable collection period 42 35 38 44 46 46 47 55 57 60 71 73 46 48 52 48 45 39 37 39 41 40 42 38
Operating cycle 169 163 169 179 186 182 176 169 153 157 171 230 161 164 167 164 162 152 148 152 159 151 151 147
Less: Average payables payment period 38 37 33 41 48 47 45 47 43 41 45 58 47 50 42 43 41 37 40 42 41 38 41 48
Cash conversion cycle 131 126 136 138 138 135 131 122 110 116 126 172 114 114 125 121 121 115 108 110 118 113 110 99

Based on: 10-Q (reporting date: 2024-08-03), 10-Q (reporting date: 2024-05-04), 10-Q (reporting date: 2024-02-03), 10-K (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-Q (reporting date: 2023-01-28), 10-K (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-29), 10-K (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-Q (reporting date: 2021-01-30), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-Q (reporting date: 2020-02-01), 10-K (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-Q (reporting date: 2019-02-02), 10-K (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-Q (reporting date: 2018-02-03).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Analog Devices Inc. inventory turnover ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Receivables turnover An activity ratio equal to revenue divided by receivables. Analog Devices Inc. receivables turnover ratio improved from Q1 2024 to Q2 2024 but then deteriorated significantly from Q2 2024 to Q3 2024.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Analog Devices Inc. payables turnover ratio decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Analog Devices Inc. working capital turnover ratio deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Short-term activity 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. Analog Devices Inc. number of days of inventory outstanding improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Analog Devices Inc. number of days of receivables outstanding improved from Q1 2024 to Q2 2024 but then deteriorated significantly from Q2 2024 to Q3 2024.
Operating cycle Equal to average inventory processing period plus average receivables collection period.
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. Analog Devices Inc. number of days of payables outstanding increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period.

Inventory Turnover

Analog Devices Inc., inventory turnover calculation (quarterly data)

Microsoft Excel
Aug 3, 2024 May 4, 2024 Feb 3, 2024 Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018
Selected Financial Data (US$ in thousands)
Cost of sales 1,000,970 979,004 1,038,763 1,069,768 1,114,880 1,118,384 1,125,289 1,104,901 1,066,738 1,027,544 1,282,296 1,217,748 537,669 524,770 513,087 503,211 483,558 470,386 455,423 501,028 482,332 492,510 501,445 502,932 502,033 479,241 483,434
Inventories 1,427,936 1,479,081 1,553,221 1,642,214 1,709,313 1,648,136 1,522,942 1,399,914 1,203,394 1,075,297 972,571 1,200,610 657,520 641,202 618,640 608,260 612,646 590,268 588,503 609,886 638,305 608,085 593,211 586,760 563,645 551,220 559,720
Short-term Activity Ratio
Inventory turnover1 2.86 2.84 2.80 2.70 2.61 2.68 2.84 3.20 3.82 3.78 3.66 2.33 3.16 3.16 3.18 3.14 3.12 3.23 3.28 3.24 3.10 3.29 3.35 3.35
Benchmarks
Inventory Turnover, Competitors2
Advanced Micro Devices Inc. 2.33 2.44 2.61 2.81 2.74 2.70 3.05 3.45 3.62 4.24 4.00 4.35 4.15 4.10 3.81 3.87 3.72 3.21 3.86 3.93
Applied Materials Inc. 2.54 2.46 2.49 2.47 2.45 2.41 2.32 2.33 2.42 2.60 2.79 2.82 2.80 2.65 2.55 2.44 2.30 2.32 2.43 2.37 2.36 2.39 2.50 2.54
Broadcom Inc. 8.92 8.09 6.67 5.86 6.10 6.00 5.98 5.77 5.92 6.40 6.95 8.18 9.10 10.44 11.01 10.34 9.51 10.76 10.73 11.57 9.16 9.63 9.31 9.00
First Solar Inc. 1.65 1.99 2.09 2.46 2.61 3.29 3.50 4.10 2.80 2.62 2.30 3.29 3.06 3.58 4.01 3.58 4.66 4.67 5.05 5.67
Intel Corp. 2.94 2.87 2.81 2.92 2.85 2.78 2.68 2.74 2.90 3.02 2.97 3.27 3.50 3.91 4.15 4.06 3.66 3.71 3.32 3.41
KLA Corp. 1.29 1.28 1.37 1.47 1.54 1.63 1.59 1.67 1.71 1.75 1.73 1.76 1.81 1.76 1.77 1.87 1.91 1.85 1.67 1.48
Lam Research Corp. 1.75 1.77 1.84 2.00 2.14 2.16 2.24 2.36 2.60 2.89 2.95 2.91 2.78 2.71 2.77 2.86 3.11 3.42 3.51 3.44
Micron Technology Inc. 2.22 2.18 2.24 2.02 2.01 2.06 1.91 2.53 3.06 3.14 3.60 3.85 3.73 3.43 2.74 2.65 2.66 2.62 2.67 2.48
NVIDIA Corp. 2.83 2.68 2.45 2.25 2.70 3.02 3.25 3.62 3.87 3.75 3.63 3.44 3.69 3.47 3.81 4.24 3.88 3.50 3.04 2.89
Qualcomm Inc. 2.74 2.64 2.58 2.47 2.54 2.61 2.65 2.94 3.27 3.58 3.90 4.42 4.18 4.41 4.17 3.56 3.67 5.08 6.00 6.14 5.26 5.63 5.75 6.05
Texas Instruments Inc. 1.51 1.59 1.60 1.63 1.65 1.70 1.92 2.27 2.56 2.74 2.88 3.12 3.18 3.12 2.88 2.66 2.42 2.33 2.56 2.61

Based on: 10-Q (reporting date: 2024-08-03), 10-Q (reporting date: 2024-05-04), 10-Q (reporting date: 2024-02-03), 10-K (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-Q (reporting date: 2023-01-28), 10-K (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-29), 10-K (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-Q (reporting date: 2021-01-30), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-Q (reporting date: 2020-02-01), 10-K (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-Q (reporting date: 2019-02-02), 10-K (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-Q (reporting date: 2018-02-03).

1 Q3 2024 Calculation
Inventory turnover = (Cost of salesQ3 2024 + Cost of salesQ2 2024 + Cost of salesQ1 2024 + Cost of salesQ4 2023) ÷ Inventories
= (1,000,970 + 979,004 + 1,038,763 + 1,069,768) ÷ 1,427,936 = 2.86

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Analog Devices Inc. inventory turnover ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Receivables Turnover

Analog Devices Inc., receivables turnover calculation (quarterly data)

Microsoft Excel
Aug 3, 2024 May 4, 2024 Feb 3, 2024 Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018
Selected Financial Data (US$ in thousands)
Revenue 2,312,209 2,159,039 2,512,704 2,716,484 3,076,495 3,262,930 3,249,630 3,247,716 3,109,880 2,972,064 2,684,293 2,339,568 1,758,853 1,661,407 1,558,458 1,526,295 1,456,136 1,317,060 1,303,565 1,443,219 1,480,143 1,526,602 1,541,101 1,596,586 1,572,679 1,513,053 1,518,624
Accounts receivable 1,127,158 1,004,628 1,196,721 1,469,734 1,616,243 1,616,256 1,629,870 1,800,462 1,742,646 1,608,254 1,636,928 1,459,056 823,163 814,135 826,964 737,536 681,728 588,244 584,366 635,136 689,976 685,978 713,730 639,717 710,753 759,557 709,761
Short-term Activity Ratio
Receivables turnover1 8.61 10.42 9.67 8.37 7.94 7.96 7.72 6.67 6.37 6.07 5.16 5.02 7.90 7.62 7.08 7.60 8.10 9.42 9.85 9.43 8.91 9.09 8.72 9.69
Benchmarks
Receivables Turnover, Competitors2
Advanced Micro Devices Inc. 3.36 4.05 4.53 4.22 4.37 5.07 5.71 5.72 5.26 5.33 5.13 6.07 6.68 6.60 5.24 4.73 4.05 4.27 4.28 3.62
Applied Materials Inc. 5.40 5.55 5.64 5.13 5.08 4.83 4.88 4.25 5.08 5.09 5.49 4.66 5.66 5.87 5.98 5.81 5.80 5.88 5.61 5.77 6.27 6.97 6.87 6.73
Broadcom Inc. 10.04 7.75 7.82 11.36 12.17 11.56 10.64 11.22 11.70 9.73 11.23 13.25 11.87 10.54 9.78 10.40 8.64 7.13 6.21 6.93 6.29 6.26 5.80 6.27
First Solar Inc. 5.05 5.81 5.32 5.02 4.20 4.74 9.38 8.08 7.76 5.45 8.48 6.81 10.57 5.09 3.77 10.19 16.00 10.85 10.55 6.45
Intel Corp. 17.38 17.60 16.62 15.94 18.59 18.04 14.66 15.26 9.31 12.11 10.98 8.36 9.34 10.40 10.78 11.48 10.94 10.61 8.96 9.40
KLA Corp. 5.91 5.25 6.24 5.99 5.48 4.59 5.30 5.08 5.34 4.72 5.10 5.30 5.37 4.98 5.77 5.24 5.01 4.43 4.59 4.61
Lam Research Corp. 6.46 5.29 5.63 6.17 5.78 4.68 3.94 3.99 4.52 4.86 4.64 4.83 4.72 4.11 4.77 4.79 4.39 4.70 5.80 6.63
Micron Technology Inc. 4.17 4.26 5.50 6.36 7.48 10.12 8.18 6.00 5.20 5.79 5.64 5.22 6.02 7.01 5.98 5.48 5.62 6.43 6.04 7.33
NVIDIA Corp. 5.40 4.63 6.34 7.05 5.82 5.59 5.43 5.79 6.14 6.11 6.37 6.86 5.80 6.27 6.18 6.59 6.89 6.52 8.64 8.23
Texas Instruments Inc. 8.44 9.41 10.05 9.80 9.17 9.62 10.39 10.57 9.90 8.95 10.56 10.78 10.64 10.54 9.74 10.23 9.87 11.64 10.73 13.39

Based on: 10-Q (reporting date: 2024-08-03), 10-Q (reporting date: 2024-05-04), 10-Q (reporting date: 2024-02-03), 10-K (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-Q (reporting date: 2023-01-28), 10-K (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-29), 10-K (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-Q (reporting date: 2021-01-30), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-Q (reporting date: 2020-02-01), 10-K (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-Q (reporting date: 2019-02-02), 10-K (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-Q (reporting date: 2018-02-03).

1 Q3 2024 Calculation
Receivables turnover = (RevenueQ3 2024 + RevenueQ2 2024 + RevenueQ1 2024 + RevenueQ4 2023) ÷ Accounts receivable
= (2,312,209 + 2,159,039 + 2,512,704 + 2,716,484) ÷ 1,127,158 = 8.61

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Analog Devices Inc. receivables turnover ratio improved from Q1 2024 to Q2 2024 but then deteriorated significantly from Q2 2024 to Q3 2024.

Payables Turnover

Analog Devices Inc., payables turnover calculation (quarterly data)

Microsoft Excel
Aug 3, 2024 May 4, 2024 Feb 3, 2024 Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018
Selected Financial Data (US$ in thousands)
Cost of sales 1,000,970 979,004 1,038,763 1,069,768 1,114,880 1,118,384 1,125,289 1,104,901 1,066,738 1,027,544 1,282,296 1,217,748 537,669 524,770 513,087 503,211 483,558 470,386 455,423 501,028 482,332 492,510 501,445 502,932 502,033 479,241 483,434
Accounts payable 424,735 422,683 398,107 493,041 585,570 569,002 534,659 582,160 545,068 451,443 436,227 443,434 265,933 279,222 227,423 227,273 215,894 194,211 211,670 225,270 220,230 208,243 222,552 260,919 215,688 213,267 223,107
Short-term Activity Ratio
Payables turnover1 9.63 9.94 10.91 8.98 7.62 7.76 8.09 7.70 8.43 9.01 8.17 6.30 7.82 7.25 8.66 8.42 8.85 9.83 9.12 8.78 8.99 9.60 8.92 7.54
Benchmarks
Payables Turnover, Competitors2
Advanced Micro Devices Inc. 4.96 7.18 8.56 5.95 5.42 4.43 5.13 5.21 5.22 7.39 6.58 6.44 7.54 8.66 6.64 11.57 6.38 5.30 6.25 3.91
Broadcom Inc. 9.62 10.34 8.56 9.20 11.34 13.62 12.31 11.13 15.27 9.98 9.80 9.77 10.91 12.63 11.67 12.41 9.41 8.33 10.28 11.83 10.04 13.13 13.55 12.47
First Solar Inc. 7.76 8.84 8.48 9.74 20.79 10.11 9.20 7.47 12.05 13.17 13.20 11.34 11.66 14.55 11.86 11.08 17.20 15.25 13.95 11.53
Intel Corp. 3.20 3.36 3.78 3.79 3.77 3.81 4.30 3.77 5.21 4.63 4.92 6.13 5.05 5.82 6.49 6.14 6.58 6.59 6.61 7.23
KLA Corp. 10.94 10.33 11.34 11.37 10.30 7.77 7.96 8.10 7.98 8.43 7.79 8.10 8.88 9.53 9.69 9.27 9.95 9.03 9.45 9.24
Lam Research Corp. 14.24 15.69 16.55 20.50 17.34 11.33 8.52 9.25 8.99 9.31 10.12 9.43 9.33 8.82 8.94 9.18 10.43 11.56 12.52 14.06
NVIDIA Corp. 5.68 5.99 9.91 9.74 8.08 4.86 5.13 5.29 5.19 5.38 5.94 5.23 5.03 5.44 5.65 6.04 6.87 9.66 11.77 8.89
Qualcomm Inc. 6.37 6.95 7.52 8.30 9.67 12.50 7.17 4.91 4.72 4.37 4.28 5.19 4.83 4.62 4.38 4.12 4.21 4.19 4.96 6.29 5.88 5.82 6.87 5.61
Texas Instruments Inc. 8.19 7.62 11.89 8.10 9.03 6.87 6.63 7.35 7.89 8.46 9.27 9.14 9.93 9.86 9.60 12.51 12.20 12.17 14.12 13.45

Based on: 10-Q (reporting date: 2024-08-03), 10-Q (reporting date: 2024-05-04), 10-Q (reporting date: 2024-02-03), 10-K (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-Q (reporting date: 2023-01-28), 10-K (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-29), 10-K (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-Q (reporting date: 2021-01-30), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-Q (reporting date: 2020-02-01), 10-K (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-Q (reporting date: 2019-02-02), 10-K (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-Q (reporting date: 2018-02-03).

1 Q3 2024 Calculation
Payables turnover = (Cost of salesQ3 2024 + Cost of salesQ2 2024 + Cost of salesQ1 2024 + Cost of salesQ4 2023) ÷ Accounts payable
= (1,000,970 + 979,004 + 1,038,763 + 1,069,768) ÷ 424,735 = 9.63

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Analog Devices Inc. payables turnover ratio decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Working Capital Turnover

Analog Devices Inc., working capital turnover calculation (quarterly data)

Microsoft Excel
Aug 3, 2024 May 4, 2024 Feb 3, 2024 Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018
Selected Financial Data (US$ in thousands)
Current assets 5,442,936 5,193,621 4,415,877 4,384,022 4,835,185 4,744,920 5,161,500 4,937,992 4,689,708 4,634,189 4,636,695 5,378,317 3,090,455 2,902,800 2,624,741 2,517,688 2,485,237 2,051,293 1,911,179 1,985,126 2,007,058 2,080,489 1,985,180 2,112,126 2,116,557 2,188,274 2,177,746
Less: Current liabilities 3,226,629 3,297,322 2,923,366 3,200,971 2,831,018 2,646,410 2,433,677 2,442,655 2,441,201 2,326,212 2,221,906 2,770,312 2,793,342 2,776,829 1,676,757 1,364,986 1,687,776 1,582,002 1,770,542 1,508,632 1,483,680 1,365,035 849,955 1,406,138 1,338,883 1,432,863 1,236,548
Working capital 2,216,307 1,896,299 1,492,511 1,183,051 2,004,167 2,098,510 2,727,823 2,495,337 2,248,507 2,307,977 2,414,789 2,608,005 297,113 125,971 947,984 1,152,702 797,461 469,291 140,637 476,494 523,378 715,454 1,135,225 705,988 777,674 755,411 941,198
 
Revenue 2,312,209 2,159,039 2,512,704 2,716,484 3,076,495 3,262,930 3,249,630 3,247,716 3,109,880 2,972,064 2,684,293 2,339,568 1,758,853 1,661,407 1,558,458 1,526,295 1,456,136 1,317,060 1,303,565 1,443,219 1,480,143 1,526,602 1,541,101 1,596,586 1,572,679 1,513,053 1,518,624
Short-term Activity Ratio
Working capital turnover1 4.38 5.52 7.75 10.40 6.41 6.13 4.61 4.81 4.94 4.23 3.50 2.81 21.89 49.24 6.18 4.86 6.92 11.81 40.91 12.57 11.74 8.72 5.48 8.78
Benchmarks
Working Capital Turnover, Competitors2
Advanced Micro Devices Inc. 2.16 2.07 2.15 2.25 2.44 2.45 2.54 2.73 2.95 2.72 2.42 3.78 3.36 2.71 2.64 2.62 2.80 2.86 3.01 3.01
Applied Materials Inc. 2.00 2.14 2.19 2.25 2.49 2.69 2.77 3.02 2.93 2.89 2.56 2.36 2.14 1.95 1.86 1.93 2.04 1.94 2.42 2.54 2.38 2.44 2.58 2.58
Broadcom Inc. 64.48 8.31 5.70 2.66 3.23 3.38 3.03 2.90 3.58 3.80 3.15 2.66 2.90 3.27 3.25 4.32 3.32 3.00 5.19 7.49 8.51 10.03 9.45 3.08
First Solar Inc. 1.89 1.73 1.44 1.00 1.20 1.16 1.15 0.95 1.00 0.96 1.10 1.19 1.13 1.19 1.21 1.25 1.69 1.57 1.52 1.34
Intel Corp. 4.94 2.93 3.59 3.56 3.48 3.34 2.70 3.45 3.24 3.14 2.34 2.61 2.47 3.16 3.59 3.46 5.32 3.60 4.30 8.06
KLA Corp. 1.89 2.31 2.20 2.27 2.31 2.25 2.19 2.14 2.30 2.08 2.06 1.93 1.91 1.90 1.97 1.92 2.10 1.99 2.03 1.79
Lam Research Corp. 1.77 1.63 1.81 1.93 2.03 2.08 2.10 2.23 2.18 2.01 2.04 1.80 1.72 1.51 1.41 1.31 1.32 1.62 1.49 1.56
Micron Technology Inc. 1.30 1.07 1.07 0.94 1.09 1.39 1.66 2.16 2.06 2.14 2.17 2.05 1.95 1.98 2.04 1.89 1.73 1.93 2.10 2.31
NVIDIA Corp. 1.90 1.77 1.47 1.63 1.75 1.50 1.23 1.10 1.09 1.03 1.36 1.37 1.38 1.06 0.67 0.92 0.92 1.01 1.14 1.27
Qualcomm Inc. 2.75 2.41 2.54 2.79 3.21 3.66 3.90 4.99 5.88 4.80 4.53 4.13 3.96 3.19 2.53 2.39 2.62 4.47 3.50 3.10 3.03 3.66 3.75 3.70
Texas Instruments Inc. 1.29 1.22 1.21 1.48 1.46 1.47 1.61 1.81 1.84 1.87 1.65 1.65 1.57 1.87 1.77 1.84 1.94 2.16 2.38 2.17

Based on: 10-Q (reporting date: 2024-08-03), 10-Q (reporting date: 2024-05-04), 10-Q (reporting date: 2024-02-03), 10-K (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-Q (reporting date: 2023-01-28), 10-K (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-29), 10-K (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-Q (reporting date: 2021-01-30), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-Q (reporting date: 2020-02-01), 10-K (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-Q (reporting date: 2019-02-02), 10-K (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-Q (reporting date: 2018-02-03).

1 Q3 2024 Calculation
Working capital turnover = (RevenueQ3 2024 + RevenueQ2 2024 + RevenueQ1 2024 + RevenueQ4 2023) ÷ Working capital
= (2,312,209 + 2,159,039 + 2,512,704 + 2,716,484) ÷ 2,216,307 = 4.38

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. Analog Devices Inc. working capital turnover ratio deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Average Inventory Processing Period

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

Microsoft Excel
Aug 3, 2024 May 4, 2024 Feb 3, 2024 Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018
Selected Financial Data
Inventory turnover 2.86 2.84 2.80 2.70 2.61 2.68 2.84 3.20 3.82 3.78 3.66 2.33 3.16 3.16 3.18 3.14 3.12 3.23 3.28 3.24 3.10 3.29 3.35 3.35
Short-term Activity Ratio (no. days)
Average inventory processing period1 127 128 131 135 140 136 129 114 96 97 100 157 115 116 115 116 117 113 111 113 118 111 109 109
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Advanced Micro Devices Inc. 156 149 140 130 133 135 120 106 101 86 91 84 88 89 96 94 98 114 94 93
Applied Materials Inc. 144 148 147 148 149 152 157 157 151 140 131 129 130 138 143 150 159 157 150 154 155 153 146 144
Broadcom Inc. 41 45 55 62 60 61 61 63 62 57 53 45 40 35 33 35 38 34 34 32 40 38 39 41
First Solar Inc. 222 184 175 148 140 111 104 89 130 140 159 111 119 102 91 102 78 78 72 64
Intel Corp. 124 127 130 125 128 131 136 133 126 121 123 112 104 93 88 90 100 98 110 107
KLA Corp. 283 285 266 249 237 225 230 218 214 208 211 207 202 207 206 195 191 197 219 247
Lam Research Corp. 208 206 198 182 171 169 163 155 140 126 124 126 131 135 132 128 117 107 104 106
Micron Technology Inc. 164 168 163 181 182 177 192 144 119 116 101 95 98 106 133 138 137 139 137 147
NVIDIA Corp. 129 136 149 162 135 121 112 101 94 97 100 106 99 105 96 86 94 104 120 126
Qualcomm Inc. 133 138 141 148 144 140 138 124 112 102 93 83 87 83 88 102 99 72 61 59 69 65 63 60
Texas Instruments Inc. 241 229 228 225 222 215 190 161 143 133 127 117 115 117 127 137 151 157 143 140

Based on: 10-Q (reporting date: 2024-08-03), 10-Q (reporting date: 2024-05-04), 10-Q (reporting date: 2024-02-03), 10-K (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-Q (reporting date: 2023-01-28), 10-K (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-29), 10-K (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-Q (reporting date: 2021-01-30), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-Q (reporting date: 2020-02-01), 10-K (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-Q (reporting date: 2019-02-02), 10-K (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-Q (reporting date: 2018-02-03).

1 Q3 2024 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 2.86 = 127

2 Click competitor name to see calculations.

Short-term activity 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. Analog Devices Inc. number of days of inventory outstanding improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Average Receivable Collection Period

Analog Devices Inc., average receivable collection period calculation (quarterly data)

Microsoft Excel
Aug 3, 2024 May 4, 2024 Feb 3, 2024 Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018
Selected Financial Data
Receivables turnover 8.61 10.42 9.67 8.37 7.94 7.96 7.72 6.67 6.37 6.07 5.16 5.02 7.90 7.62 7.08 7.60 8.10 9.42 9.85 9.43 8.91 9.09 8.72 9.69
Short-term Activity Ratio (no. days)
Average receivable collection period1 42 35 38 44 46 46 47 55 57 60 71 73 46 48 52 48 45 39 37 39 41 40 42 38
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Advanced Micro Devices Inc. 109 90 81 87 83 72 64 64 69 69 71 60 55 55 70 77 90 85 85 101
Applied Materials Inc. 68 66 65 71 72 76 75 86 72 72 67 78 65 62 61 63 63 62 65 63 58 52 53 54
Broadcom Inc. 36 47 47 32 30 32 34 33 31 38 33 28 31 35 37 35 42 51 59 53 58 58 63 58
First Solar Inc. 72 63 69 73 87 77 39 45 47 67 43 54 35 72 97 36 23 34 35 57
Intel Corp. 21 21 22 23 20 20 25 24 39 30 33 44 39 35 34 32 33 34 41 39
KLA Corp. 62 70 59 61 67 79 69 72 68 77 72 69 68 73 63 70 73 82 80 79
Lam Research Corp. 56 69 65 59 63 78 93 91 81 75 79 76 77 89 77 76 83 78 63 55
Micron Technology Inc. 88 86 66 57 49 36 45 61 70 63 65 70 61 52 61 67 65 57 60 50
NVIDIA Corp. 68 79 58 52 63 65 67 63 59 60 57 53 63 58 59 55 53 56 42 44
Texas Instruments Inc. 43 39 36 37 40 38 35 35 37 41 35 34 34 35 37 36 37 31 34 27

Based on: 10-Q (reporting date: 2024-08-03), 10-Q (reporting date: 2024-05-04), 10-Q (reporting date: 2024-02-03), 10-K (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-Q (reporting date: 2023-01-28), 10-K (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-29), 10-K (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-Q (reporting date: 2021-01-30), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-Q (reporting date: 2020-02-01), 10-K (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-Q (reporting date: 2019-02-02), 10-K (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-Q (reporting date: 2018-02-03).

1 Q3 2024 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 8.61 = 42

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Analog Devices Inc. number of days of receivables outstanding improved from Q1 2024 to Q2 2024 but then deteriorated significantly from Q2 2024 to Q3 2024.

Operating Cycle

Analog Devices Inc., operating cycle calculation (quarterly data)

No. days

Microsoft Excel
Aug 3, 2024 May 4, 2024 Feb 3, 2024 Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018
Selected Financial Data
Average inventory processing period 127 128 131 135 140 136 129 114 96 97 100 157 115 116 115 116 117 113 111 113 118 111 109 109
Average receivable collection period 42 35 38 44 46 46 47 55 57 60 71 73 46 48 52 48 45 39 37 39 41 40 42 38
Short-term Activity Ratio
Operating cycle1 169 163 169 179 186 182 176 169 153 157 171 230 161 164 167 164 162 152 148 152 159 151 151 147
Benchmarks
Operating Cycle, Competitors2
Advanced Micro Devices Inc. 265 239 221 217 216 207 184 170 170 155 162 144 143 144 166 171 188 199 179 194
Applied Materials Inc. 212 214 212 219 221 228 232 243 223 212 198 207 195 200 204 213 222 219 215 217 213 205 199 198
Broadcom Inc. 77 92 102 94 90 93 95 96 93 95 86 73 71 70 70 70 80 85 93 85 98 96 102 99
First Solar Inc. 294 247 244 221 227 188 143 134 177 207 202 165 154 174 188 138 101 112 107 121
Intel Corp. 145 148 152 148 148 151 161 157 165 151 156 156 143 128 122 122 133 132 151 146
KLA Corp. 345 355 325 310 304 304 299 290 282 285 283 276 270 280 269 265 264 279 299 326
Lam Research Corp. 264 275 263 241 234 247 256 246 221 201 203 202 208 224 209 204 200 185 167 161
Micron Technology Inc. 252 254 229 238 231 213 237 205 189 179 166 165 159 158 194 205 202 196 197 197
NVIDIA Corp. 197 215 207 214 198 186 179 164 153 157 157 159 162 163 155 141 147 160 162 170
Texas Instruments Inc. 284 268 264 262 262 253 225 196 180 174 162 151 149 152 164 173 188 188 177 167

Based on: 10-Q (reporting date: 2024-08-03), 10-Q (reporting date: 2024-05-04), 10-Q (reporting date: 2024-02-03), 10-K (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-Q (reporting date: 2023-01-28), 10-K (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-29), 10-K (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-Q (reporting date: 2021-01-30), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-Q (reporting date: 2020-02-01), 10-K (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-Q (reporting date: 2019-02-02), 10-K (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-Q (reporting date: 2018-02-03).

1 Q3 2024 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 127 + 42 = 169

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period.

Average Payables Payment Period

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

Microsoft Excel
Aug 3, 2024 May 4, 2024 Feb 3, 2024 Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018
Selected Financial Data
Payables turnover 9.63 9.94 10.91 8.98 7.62 7.76 8.09 7.70 8.43 9.01 8.17 6.30 7.82 7.25 8.66 8.42 8.85 9.83 9.12 8.78 8.99 9.60 8.92 7.54
Short-term Activity Ratio (no. days)
Average payables payment period1 38 37 33 41 48 47 45 47 43 41 45 58 47 50 42 43 41 37 40 42 41 38 41 48
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Advanced Micro Devices Inc. 74 51 43 61 67 82 71 70 70 49 55 57 48 42 55 32 57 69 58 93
Broadcom Inc. 38 35 43 40 32 27 30 33 24 37 37 37 33 29 31 29 39 44 36 31 36 28 27 29
First Solar Inc. 47 41 43 37 18 36 40 49 30 28 28 32 31 25 31 33 21 24 26 32
Intel Corp. 114 109 97 96 97 96 85 97 70 79 74 60 72 63 56 59 55 55 55 51
KLA Corp. 33 35 32 32 35 47 46 45 46 43 47 45 41 38 38 39 37 40 39 40
Lam Research Corp. 26 23 22 18 21 32 43 39 41 39 36 39 39 41 41 40 35 32 29 26
NVIDIA Corp. 64 61 37 37 45 75 71 69 70 68 61 70 72 67 65 60 53 38 31 41
Qualcomm Inc. 57 52 49 44 38 29 51 74 77 83 85 70 76 79 83 89 87 87 74 58 62 63 53 65
Texas Instruments Inc. 45 48 31 45 40 53 55 50 46 43 39 40 37 37 38 29 30 30 26 27

Based on: 10-Q (reporting date: 2024-08-03), 10-Q (reporting date: 2024-05-04), 10-Q (reporting date: 2024-02-03), 10-K (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-Q (reporting date: 2023-01-28), 10-K (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-29), 10-K (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-Q (reporting date: 2021-01-30), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-Q (reporting date: 2020-02-01), 10-K (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-Q (reporting date: 2019-02-02), 10-K (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-Q (reporting date: 2018-02-03).

1 Q3 2024 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 9.63 = 38

2 Click competitor name to see calculations.

Short-term activity 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. Analog Devices Inc. number of days of payables outstanding increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Cash Conversion Cycle

Analog Devices Inc., cash conversion cycle calculation (quarterly data)

No. days

Microsoft Excel
Aug 3, 2024 May 4, 2024 Feb 3, 2024 Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018
Selected Financial Data
Average inventory processing period 127 128 131 135 140 136 129 114 96 97 100 157 115 116 115 116 117 113 111 113 118 111 109 109
Average receivable collection period 42 35 38 44 46 46 47 55 57 60 71 73 46 48 52 48 45 39 37 39 41 40 42 38
Average payables payment period 38 37 33 41 48 47 45 47 43 41 45 58 47 50 42 43 41 37 40 42 41 38 41 48
Short-term Activity Ratio
Cash conversion cycle1 131 126 136 138 138 135 131 122 110 116 126 172 114 114 125 121 121 115 108 110 118 113 110 99
Benchmarks
Cash Conversion Cycle, Competitors2
Advanced Micro Devices Inc. 191 188 178 156 149 125 113 100 100 106 107 87 95 102 111 139 131 130 121 101
Broadcom Inc. 39 57 59 54 58 66 65 63 69 58 49 36 38 41 39 41 41 41 57 54 62 68 75 70
First Solar Inc. 247 206 201 184 209 152 103 85 147 179 174 133 123 149 157 105 80 88 81 89
Intel Corp. 31 39 55 52 51 55 76 60 95 72 82 96 71 65 66 63 78 77 96 95
KLA Corp. 312 320 293 278 269 257 253 245 236 242 236 231 229 242 231 226 227 239 260 286
Lam Research Corp. 238 252 241 223 213 215 213 207 180 162 167 163 169 183 168 164 165 153 138 135
NVIDIA Corp. 133 154 170 177 153 111 108 95 83 89 96 89 90 96 90 81 94 122 131 129
Texas Instruments Inc. 239 220 233 217 222 200 170 146 134 131 123 111 112 115 126 144 158 158 151 140

Based on: 10-Q (reporting date: 2024-08-03), 10-Q (reporting date: 2024-05-04), 10-Q (reporting date: 2024-02-03), 10-K (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-Q (reporting date: 2023-01-28), 10-K (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-29), 10-K (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-Q (reporting date: 2021-01-30), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-Q (reporting date: 2020-02-01), 10-K (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-Q (reporting date: 2019-02-02), 10-K (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-Q (reporting date: 2018-02-03).

1 Q3 2024 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 127 + 4238 = 131

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period.