Stock Analysis on Net
Stock Analysis on Net

Applied Materials Inc. (NASDAQ:AMAT)

$24.99

Analysis of Short-term (Operating) Activity Ratios

Microsoft Excel

Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.

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Short-term Activity Ratios (Summary)

Applied Materials Inc., short-term (operating) activity ratios

Microsoft Excel
Oct 27, 2024 Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Oct 25, 2020 Oct 27, 2019
Turnover Ratios
Inventory turnover
Receivables turnover
Payables turnover
Working capital turnover
Average No. Days
Average inventory processing period
Add: Average receivable collection period
Operating cycle
Less: Average payables payment period
Cash conversion cycle

Based on: 10-K (reporting date: 2024-10-27), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-25), 10-K (reporting date: 2019-10-27).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Applied Materials Inc. inventory turnover ratio improved from 2022 to 2023 and from 2023 to 2024.
Receivables turnover An activity ratio equal to revenue divided by receivables. Applied Materials Inc. receivables turnover ratio improved from 2022 to 2023 and from 2023 to 2024.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Applied Materials Inc. payables turnover ratio increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Applied Materials Inc. working capital turnover ratio deteriorated from 2022 to 2023 and from 2023 to 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. Applied Materials Inc. number of days of inventory outstanding improved from 2022 to 2023 and from 2023 to 2024.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Applied Materials Inc. number of days of receivables outstanding improved from 2022 to 2023 and from 2023 to 2024.
Operating cycle Equal to average inventory processing period plus average receivables collection period. Applied Materials Inc. operating cycle improved from 2022 to 2023 and from 2023 to 2024.
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. Applied Materials Inc. number of days of payables outstanding decreased from 2022 to 2023 but then slightly increased from 2023 to 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. Applied Materials Inc. cash conversion cycle improved from 2022 to 2023 and from 2023 to 2024.

Inventory Turnover

Applied Materials Inc., inventory turnover calculation, comparison to benchmarks

Microsoft Excel
Oct 27, 2024 Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Oct 25, 2020 Oct 27, 2019
Selected Financial Data (US$ in millions)
Cost of products sold
Inventories
Short-term Activity Ratio
Inventory turnover1
Benchmarks
Inventory Turnover, Competitors2
Advanced Micro Devices Inc.
Analog Devices Inc.
Broadcom Inc.
First Solar Inc.
Intel Corp.
KLA Corp.
Lam Research Corp.
Micron Technology Inc.
Monolithic Power Systems Inc.
NVIDIA Corp.
Qualcomm Inc.
Texas Instruments Inc.
Inventory Turnover, Sector
Semiconductors & Semiconductor Equipment
Inventory Turnover, Industry
Information Technology

Based on: 10-K (reporting date: 2024-10-27), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-25), 10-K (reporting date: 2019-10-27).

1 2024 Calculation
Inventory turnover = Cost of products sold ÷ Inventories
= ÷ =

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. Applied Materials Inc. inventory turnover ratio improved from 2022 to 2023 and from 2023 to 2024.

Receivables Turnover

Applied Materials Inc., receivables turnover calculation, comparison to benchmarks

Microsoft Excel
Oct 27, 2024 Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Oct 25, 2020 Oct 27, 2019
Selected Financial Data (US$ in millions)
Net revenue
Accounts receivable, net
Short-term Activity Ratio
Receivables turnover1
Benchmarks
Receivables Turnover, Competitors2
Advanced Micro Devices Inc.
Analog Devices Inc.
Broadcom Inc.
First Solar Inc.
Intel Corp.
KLA Corp.
Lam Research Corp.
Micron Technology Inc.
Monolithic Power Systems Inc.
NVIDIA Corp.
Qualcomm Inc.
Texas Instruments Inc.
Receivables Turnover, Sector
Semiconductors & Semiconductor Equipment
Receivables Turnover, Industry
Information Technology

Based on: 10-K (reporting date: 2024-10-27), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-25), 10-K (reporting date: 2019-10-27).

1 2024 Calculation
Receivables turnover = Net revenue ÷ Accounts receivable, net
= ÷ =

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. Applied Materials Inc. receivables turnover ratio improved from 2022 to 2023 and from 2023 to 2024.

Payables Turnover

Applied Materials Inc., payables turnover calculation, comparison to benchmarks

Microsoft Excel
Oct 27, 2024 Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Oct 25, 2020 Oct 27, 2019
Selected Financial Data (US$ in millions)
Cost of products sold
Accounts payable
Short-term Activity Ratio
Payables turnover1
Benchmarks
Payables Turnover, Competitors2
Advanced Micro Devices Inc.
Analog Devices Inc.
Broadcom Inc.
First Solar Inc.
Intel Corp.
KLA Corp.
Lam Research Corp.
Micron Technology Inc.
Monolithic Power Systems Inc.
NVIDIA Corp.
Qualcomm Inc.
Texas Instruments Inc.
Payables Turnover, Sector
Semiconductors & Semiconductor Equipment
Payables Turnover, Industry
Information Technology

Based on: 10-K (reporting date: 2024-10-27), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-25), 10-K (reporting date: 2019-10-27).

1 2024 Calculation
Payables turnover = Cost of products sold ÷ Accounts payable
= ÷ =

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. Applied Materials Inc. payables turnover ratio increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.

Working Capital Turnover

Applied Materials Inc., working capital turnover calculation, comparison to benchmarks

Microsoft Excel
Oct 27, 2024 Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Oct 25, 2020 Oct 27, 2019
Selected Financial Data (US$ in millions)
Current assets
Less: Current liabilities
Working capital
 
Net revenue
Short-term Activity Ratio
Working capital turnover1
Benchmarks
Working Capital Turnover, Competitors2
Advanced Micro Devices Inc.
Analog Devices Inc.
Broadcom Inc.
First Solar Inc.
Intel Corp.
KLA Corp.
Lam Research Corp.
Micron Technology Inc.
Monolithic Power Systems Inc.
NVIDIA Corp.
Qualcomm Inc.
Texas Instruments Inc.
Working Capital Turnover, Sector
Semiconductors & Semiconductor Equipment
Working Capital Turnover, Industry
Information Technology

Based on: 10-K (reporting date: 2024-10-27), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-25), 10-K (reporting date: 2019-10-27).

1 2024 Calculation
Working capital turnover = Net revenue ÷ Working capital
= ÷ =

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. Applied Materials Inc. working capital turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

Average Inventory Processing Period

Applied Materials Inc., average inventory processing period calculation, comparison to benchmarks

Microsoft Excel
Oct 27, 2024 Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Oct 25, 2020 Oct 27, 2019
Selected Financial Data
Inventory turnover
Short-term Activity Ratio (no. days)
Average inventory processing period1
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Advanced Micro Devices Inc.
Analog Devices Inc.
Broadcom Inc.
First Solar Inc.
Intel Corp.
KLA Corp.
Lam Research Corp.
Micron Technology Inc.
Monolithic Power Systems Inc.
NVIDIA Corp.
Qualcomm Inc.
Texas Instruments Inc.
Average Inventory Processing Period, Sector
Semiconductors & Semiconductor Equipment
Average Inventory Processing Period, Industry
Information Technology

Based on: 10-K (reporting date: 2024-10-27), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-25), 10-K (reporting date: 2019-10-27).

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

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. Applied Materials Inc. number of days of inventory outstanding improved from 2022 to 2023 and from 2023 to 2024.

Average Receivable Collection Period

Applied Materials Inc., average receivable collection period calculation, comparison to benchmarks

Microsoft Excel
Oct 27, 2024 Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Oct 25, 2020 Oct 27, 2019
Selected Financial Data
Receivables turnover
Short-term Activity Ratio (no. days)
Average receivable collection period1
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Advanced Micro Devices Inc.
Analog Devices Inc.
Broadcom Inc.
First Solar Inc.
Intel Corp.
KLA Corp.
Lam Research Corp.
Micron Technology Inc.
Monolithic Power Systems Inc.
NVIDIA Corp.
Qualcomm Inc.
Texas Instruments Inc.
Average Receivable Collection Period, Sector
Semiconductors & Semiconductor Equipment
Average Receivable Collection Period, Industry
Information Technology

Based on: 10-K (reporting date: 2024-10-27), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-25), 10-K (reporting date: 2019-10-27).

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

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. Applied Materials Inc. number of days of receivables outstanding improved from 2022 to 2023 and from 2023 to 2024.

Operating Cycle

Applied Materials Inc., operating cycle calculation, comparison to benchmarks

No. days

Microsoft Excel
Oct 27, 2024 Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Oct 25, 2020 Oct 27, 2019
Selected Financial Data
Average inventory processing period
Average receivable collection period
Short-term Activity Ratio
Operating cycle1
Benchmarks
Operating Cycle, Competitors2
Advanced Micro Devices Inc.
Analog Devices Inc.
Broadcom Inc.
First Solar Inc.
Intel Corp.
KLA Corp.
Lam Research Corp.
Micron Technology Inc.
Monolithic Power Systems Inc.
NVIDIA Corp.
Qualcomm Inc.
Texas Instruments Inc.
Operating Cycle, Sector
Semiconductors & Semiconductor Equipment
Operating Cycle, Industry
Information Technology

Based on: 10-K (reporting date: 2024-10-27), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-25), 10-K (reporting date: 2019-10-27).

1 2024 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= + =

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. Applied Materials Inc. operating cycle improved from 2022 to 2023 and from 2023 to 2024.

Average Payables Payment Period

Applied Materials Inc., average payables payment period calculation, comparison to benchmarks

Microsoft Excel
Oct 27, 2024 Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Oct 25, 2020 Oct 27, 2019
Selected Financial Data
Payables turnover
Short-term Activity Ratio (no. days)
Average payables payment period1
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Advanced Micro Devices Inc.
Analog Devices Inc.
Broadcom Inc.
First Solar Inc.
Intel Corp.
KLA Corp.
Lam Research Corp.
Micron Technology Inc.
Monolithic Power Systems Inc.
NVIDIA Corp.
Qualcomm Inc.
Texas Instruments Inc.
Average Payables Payment Period, Sector
Semiconductors & Semiconductor Equipment
Average Payables Payment Period, Industry
Information Technology

Based on: 10-K (reporting date: 2024-10-27), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-25), 10-K (reporting date: 2019-10-27).

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

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. Applied Materials Inc. number of days of payables outstanding decreased from 2022 to 2023 but then slightly increased from 2023 to 2024.

Cash Conversion Cycle

Applied Materials Inc., cash conversion cycle calculation, comparison to benchmarks

No. days

Microsoft Excel
Oct 27, 2024 Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Oct 25, 2020 Oct 27, 2019
Selected Financial Data
Average inventory processing period
Average receivable collection period
Average payables payment period
Short-term Activity Ratio
Cash conversion cycle1
Benchmarks
Cash Conversion Cycle, Competitors2
Advanced Micro Devices Inc.
Analog Devices Inc.
Broadcom Inc.
First Solar Inc.
Intel Corp.
KLA Corp.
Lam Research Corp.
Micron Technology Inc.
Monolithic Power Systems Inc.
NVIDIA Corp.
Qualcomm Inc.
Texas Instruments Inc.
Cash Conversion Cycle, Sector
Semiconductors & Semiconductor Equipment
Cash Conversion Cycle, Industry
Information Technology

Based on: 10-K (reporting date: 2024-10-27), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-25), 10-K (reporting date: 2019-10-27).

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

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. Applied Materials Inc. cash conversion cycle improved from 2022 to 2023 and from 2023 to 2024.