Analysis of Short-term (Operating) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Short-term Activity Ratios (Summary)
Intel Corp., short-term (operating) activity ratios (quarterly data)
Based on: 10-Q (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).
| Short-term activity ratio | Description | The company |
|---|---|---|
| Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | Intel Corp. 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. | Intel Corp. receivables turnover ratio improved from Q1 2024 to Q2 2024 but then slightly deteriorated from Q2 2024 to Q3 2024. |
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Intel Corp. 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. | Intel Corp. working capital turnover ratio deteriorated from Q1 2024 to Q2 2024 but then improved from Q2 2024 to Q3 2024 exceeding Q1 2024 level. |
| 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. | Intel Corp. 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. | |
| Operating cycle | Equal to average inventory processing period plus average receivables collection period. | Intel Corp. operating cycle improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 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. | Intel Corp. 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. | Intel Corp. cash conversion cycle improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |
Inventory Turnover
Intel Corp., inventory turnover calculation (quarterly data)
| Sep 28, 2024 | Jun 29, 2024 | Mar 30, 2024 | Dec 30, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Oct 1, 2022 | Jul 2, 2022 | Apr 2, 2022 | Dec 25, 2021 | Sep 25, 2021 | Jun 26, 2021 | Mar 27, 2021 | Dec 26, 2020 | Sep 26, 2020 | Jun 27, 2020 | Mar 28, 2020 | Dec 28, 2019 | Sep 28, 2019 | Jun 29, 2019 | Mar 30, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Cost of sales | 11,287) | 8,286) | 7,507) | 8,359) | 8,140) | 8,311) | 7,707) | 8,542) | 8,803) | 9,734) | 9,109) | 9,519) | 8,446) | 8,425) | 8,819) | 8,630) | 8,592) | 9,221) | 7,812) | 8,331) | 7,895) | 6,627) | 6,972) | |||||||
| Inventories | 12,062) | 11,244) | 11,494) | 11,127) | 11,466) | 11,984) | 12,993) | 13,224) | 12,831) | 12,174) | 11,935) | 10,776) | 9,798) | 8,817) | 8,487) | 8,427) | 9,273) | 8,969) | 9,246) | 8,744) | 8,638) | 8,696) | 7,765) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||
| Inventory turnover1 | 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 | — | — | — | |||||||
| 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 | — | — | — | |||||||
| Analog Devices Inc. | 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 | |||||||
| 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 | |||||||
| 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 | |||||||
| 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 | — | — | — | |||||||
| 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 | — | — | — | |||||||
| 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: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).
1 Q3 2024 Calculation
Inventory turnover
= (Cost of salesQ3 2024
+ Cost of salesQ2 2024
+ Cost of salesQ1 2024
+ Cost of salesQ4 2023)
÷ Inventories
= (11,287 + 8,286 + 7,507 + 8,359)
÷ 12,062 = 2.94
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. | Intel Corp. inventory turnover ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |
Receivables Turnover
Intel Corp., receivables turnover calculation (quarterly data)
| Sep 28, 2024 | Jun 29, 2024 | Mar 30, 2024 | Dec 30, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Oct 1, 2022 | Jul 2, 2022 | Apr 2, 2022 | Dec 25, 2021 | Sep 25, 2021 | Jun 26, 2021 | Mar 27, 2021 | Dec 26, 2020 | Sep 26, 2020 | Jun 27, 2020 | Mar 28, 2020 | Dec 28, 2019 | Sep 28, 2019 | Jun 29, 2019 | Mar 30, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Net revenue | 13,284) | 12,833) | 12,724) | 15,406) | 14,158) | 12,949) | 11,715) | 14,042) | 15,338) | 15,321) | 18,353) | 20,528) | 19,192) | 19,631) | 19,673) | 19,978) | 18,333) | 19,728) | 19,828) | 20,209) | 19,190) | 16,505) | 16,061) | |||||||
| Accounts receivable, net | 3,121) | 3,131) | 3,323) | 3,402) | 2,843) | 2,996) | 3,847) | 4,133) | 7,469) | 6,063) | 7,074) | 9,457) | 8,400) | 7,460) | 7,208) | 6,782) | 7,140) | 7,441) | 8,455) | 7,659) | 6,880) | 6,233) | 6,957) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||
| Receivables turnover1 | 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 | — | — | — | |||||||
| 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 | — | — | — | |||||||
| Analog Devices Inc. | 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 | |||||||
| 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 | |||||||
| 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 | |||||||
| 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 | — | — | — | |||||||
| 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: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).
1 Q3 2024 Calculation
Receivables turnover
= (Net revenueQ3 2024
+ Net revenueQ2 2024
+ Net revenueQ1 2024
+ Net revenueQ4 2023)
÷ Accounts receivable, net
= (13,284 + 12,833 + 12,724 + 15,406)
÷ 3,121 = 17.38
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. | Intel Corp. receivables turnover ratio improved from Q1 2024 to Q2 2024 but then slightly deteriorated from Q2 2024 to Q3 2024. |
Payables Turnover
Intel Corp., payables turnover calculation (quarterly data)
| Sep 28, 2024 | Jun 29, 2024 | Mar 30, 2024 | Dec 30, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Oct 1, 2022 | Jul 2, 2022 | Apr 2, 2022 | Dec 25, 2021 | Sep 25, 2021 | Jun 26, 2021 | Mar 27, 2021 | Dec 26, 2020 | Sep 26, 2020 | Jun 27, 2020 | Mar 28, 2020 | Dec 28, 2019 | Sep 28, 2019 | Jun 29, 2019 | Mar 30, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Cost of sales | 11,287) | 8,286) | 7,507) | 8,359) | 8,140) | 8,311) | 7,707) | 8,542) | 8,803) | 9,734) | 9,109) | 9,519) | 8,446) | 8,425) | 8,819) | 8,630) | 8,592) | 9,221) | 7,812) | 8,331) | 7,895) | 6,627) | 6,972) | |||||||
| Accounts payable | 11,074) | 9,618) | 8,559) | 8,578) | 8,669) | 8,757) | 8,083) | 9,595) | 7,133) | 7,945) | 7,210) | 5,747) | 6,792) | 5,917) | 5,434) | 5,581) | 5,159) | 5,045) | 4,638) | 4,128) | 4,809) | 4,682) | 4,059) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||
| Payables turnover1 | 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 | — | — | — | |||||||
| 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 | — | — | — | |||||||
| Analog Devices Inc. | 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 | |||||||
| 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 | |||||||
| 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 | — | — | — | |||||||
| 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 | — | — | — | |||||||
| 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: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).
1 Q3 2024 Calculation
Payables turnover
= (Cost of salesQ3 2024
+ Cost of salesQ2 2024
+ Cost of salesQ1 2024
+ Cost of salesQ4 2023)
÷ Accounts payable
= (11,287 + 8,286 + 7,507 + 8,359)
÷ 11,074 = 3.20
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. | Intel Corp. payables turnover ratio decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |
Working Capital Turnover
Intel Corp., working capital turnover calculation (quarterly data)
| Sep 28, 2024 | Jun 29, 2024 | Mar 30, 2024 | Dec 30, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Oct 1, 2022 | Jul 2, 2022 | Apr 2, 2022 | Dec 25, 2021 | Sep 25, 2021 | Jun 26, 2021 | Mar 27, 2021 | Dec 26, 2020 | Sep 26, 2020 | Jun 27, 2020 | Mar 28, 2020 | Dec 28, 2019 | Sep 28, 2019 | Jun 29, 2019 | Mar 30, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Current assets | 46,137) | 50,829) | 42,608) | 43,269) | 43,811) | 43,356) | 48,314) | 50,407) | 49,263) | 50,588) | 62,568) | 57,718) | 61,304) | 49,372) | 45,773) | 47,249) | 36,785) | 44,390) | 41,501) | 31,239) | 29,957) | 29,239) | 29,060) | |||||||
| Less: Current liabilities | 35,159) | 32,027) | 27,213) | 28,053) | 28,614) | 27,180) | 27,393) | 32,155) | 27,813) | 27,218) | 29,322) | 27,462) | 29,572) | 24,836) | 24,151) | 24,754) | 22,112) | 22,481) | 23,895) | 22,310) | 25,064) | 19,705) | 18,911) | |||||||
| Working capital | 10,978) | 18,802) | 15,395) | 15,216) | 15,197) | 16,176) | 20,921) | 18,252) | 21,450) | 23,370) | 33,246) | 30,256) | 31,732) | 24,536) | 21,622) | 22,495) | 14,673) | 21,909) | 17,606) | 8,929) | 4,893) | 9,534) | 10,149) | |||||||
| Net revenue | 13,284) | 12,833) | 12,724) | 15,406) | 14,158) | 12,949) | 11,715) | 14,042) | 15,338) | 15,321) | 18,353) | 20,528) | 19,192) | 19,631) | 19,673) | 19,978) | 18,333) | 19,728) | 19,828) | 20,209) | 19,190) | 16,505) | 16,061) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||
| Working capital turnover1 | 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 | — | — | — | |||||||
| 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 | — | — | — | |||||||
| Analog Devices Inc. | 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 | |||||||
| 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 | |||||||
| 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 | |||||||
| 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 | — | — | — | |||||||
| 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 | — | — | — | |||||||
| 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: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).
1 Q3 2024 Calculation
Working capital turnover
= (Net revenueQ3 2024
+ Net revenueQ2 2024
+ Net revenueQ1 2024
+ Net revenueQ4 2023)
÷ Working capital
= (13,284 + 12,833 + 12,724 + 15,406)
÷ 10,978 = 4.94
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. | Intel Corp. working capital turnover ratio deteriorated from Q1 2024 to Q2 2024 but then improved from Q2 2024 to Q3 2024 exceeding Q1 2024 level. |
Average Inventory Processing Period
Intel Corp., average inventory processing period calculation (quarterly data)
| Sep 28, 2024 | Jun 29, 2024 | Mar 30, 2024 | Dec 30, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Oct 1, 2022 | Jul 2, 2022 | Apr 2, 2022 | Dec 25, 2021 | Sep 25, 2021 | Jun 26, 2021 | Mar 27, 2021 | Dec 26, 2020 | Sep 26, 2020 | Jun 27, 2020 | Mar 28, 2020 | Dec 28, 2019 | Sep 28, 2019 | Jun 29, 2019 | Mar 30, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||||
| Inventory turnover | 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 | — | — | — | |||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||||
| Average inventory processing period1 | 124 | 127 | 130 | 125 | 128 | 131 | 136 | 133 | 126 | 121 | 123 | 112 | 104 | 93 | 88 | 90 | 100 | 98 | 110 | 107 | — | — | — | |||||||
| 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 | — | — | — | |||||||
| Analog Devices Inc. | 127 | 128 | 131 | 135 | 140 | 136 | 129 | 114 | 96 | 97 | 100 | 157 | 115 | 116 | 115 | 116 | 117 | 113 | 111 | 113 | 118 | 111 | 109 | |||||||
| 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 | |||||||
| 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 | |||||||
| First Solar Inc. | 222 | 184 | 175 | 148 | 140 | 111 | 104 | 89 | 130 | 140 | 159 | 111 | 119 | 102 | 91 | 102 | 78 | 78 | 72 | 64 | — | — | — | |||||||
| 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 | — | — | — | |||||||
| 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: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).
1 Q3 2024 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 2.94 = 124
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. | Intel Corp. number of days of inventory outstanding improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |
Average Receivable Collection Period
Intel Corp., average receivable collection period calculation (quarterly data)
| Sep 28, 2024 | Jun 29, 2024 | Mar 30, 2024 | Dec 30, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Oct 1, 2022 | Jul 2, 2022 | Apr 2, 2022 | Dec 25, 2021 | Sep 25, 2021 | Jun 26, 2021 | Mar 27, 2021 | Dec 26, 2020 | Sep 26, 2020 | Jun 27, 2020 | Mar 28, 2020 | Dec 28, 2019 | Sep 28, 2019 | Jun 29, 2019 | Mar 30, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||||
| Receivables turnover | 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 | — | — | — | |||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||||
| Average receivable collection period1 | 21 | 21 | 22 | 23 | 20 | 20 | 25 | 24 | 39 | 30 | 33 | 44 | 39 | 35 | 34 | 32 | 33 | 34 | 41 | 39 | — | — | — | |||||||
| 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 | — | — | — | |||||||
| Analog Devices Inc. | 42 | 35 | 38 | 44 | 46 | 46 | 47 | 55 | 57 | 60 | 71 | 73 | 46 | 48 | 52 | 48 | 45 | 39 | 37 | 39 | 41 | 40 | 42 | |||||||
| 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 | |||||||
| 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 | |||||||
| First Solar Inc. | 72 | 63 | 69 | 73 | 87 | 77 | 39 | 45 | 47 | 67 | 43 | 54 | 35 | 72 | 97 | 36 | 23 | 34 | 35 | 57 | — | — | — | |||||||
| 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: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).
1 Q3 2024 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 17.38 = 21
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. |
Operating Cycle
Intel Corp., operating cycle calculation (quarterly data)
No. days
| Sep 28, 2024 | Jun 29, 2024 | Mar 30, 2024 | Dec 30, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Oct 1, 2022 | Jul 2, 2022 | Apr 2, 2022 | Dec 25, 2021 | Sep 25, 2021 | Jun 26, 2021 | Mar 27, 2021 | Dec 26, 2020 | Sep 26, 2020 | Jun 27, 2020 | Mar 28, 2020 | Dec 28, 2019 | Sep 28, 2019 | Jun 29, 2019 | Mar 30, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||||
| Average inventory processing period | 124 | 127 | 130 | 125 | 128 | 131 | 136 | 133 | 126 | 121 | 123 | 112 | 104 | 93 | 88 | 90 | 100 | 98 | 110 | 107 | — | — | — | |||||||
| Average receivable collection period | 21 | 21 | 22 | 23 | 20 | 20 | 25 | 24 | 39 | 30 | 33 | 44 | 39 | 35 | 34 | 32 | 33 | 34 | 41 | 39 | — | — | — | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||
| Operating cycle1 | 145 | 148 | 152 | 148 | 148 | 151 | 161 | 157 | 165 | 151 | 156 | 156 | 143 | 128 | 122 | 122 | 133 | 132 | 151 | 146 | — | — | — | |||||||
| 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 | — | — | — | |||||||
| Analog Devices Inc. | 169 | 163 | 169 | 179 | 186 | 182 | 176 | 169 | 153 | 157 | 171 | 230 | 161 | 164 | 167 | 164 | 162 | 152 | 148 | 152 | 159 | 151 | 151 | |||||||
| 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 | |||||||
| 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 | |||||||
| First Solar Inc. | 294 | 247 | 244 | 221 | 227 | 188 | 143 | 134 | 177 | 207 | 202 | 165 | 154 | 174 | 188 | 138 | 101 | 112 | 107 | 121 | — | — | — | |||||||
| 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: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).
1 Q3 2024 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 124 + 21 = 145
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. | Intel Corp. operating cycle improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |
Average Payables Payment Period
Intel Corp., average payables payment period calculation (quarterly data)
| Sep 28, 2024 | Jun 29, 2024 | Mar 30, 2024 | Dec 30, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Oct 1, 2022 | Jul 2, 2022 | Apr 2, 2022 | Dec 25, 2021 | Sep 25, 2021 | Jun 26, 2021 | Mar 27, 2021 | Dec 26, 2020 | Sep 26, 2020 | Jun 27, 2020 | Mar 28, 2020 | Dec 28, 2019 | Sep 28, 2019 | Jun 29, 2019 | Mar 30, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||||
| Payables turnover | 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 | — | — | — | |||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||||
| Average payables payment period1 | 114 | 109 | 97 | 96 | 97 | 96 | 85 | 97 | 70 | 79 | 74 | 60 | 72 | 63 | 56 | 59 | 55 | 55 | 55 | 51 | — | — | — | |||||||
| 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 | — | — | — | |||||||
| Analog Devices Inc. | 38 | 37 | 33 | 41 | 48 | 47 | 45 | 47 | 43 | 41 | 45 | 58 | 47 | 50 | 42 | 43 | 41 | 37 | 40 | 42 | 41 | 38 | 41 | |||||||
| 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 | |||||||
| First Solar Inc. | 47 | 41 | 43 | 37 | 18 | 36 | 40 | 49 | 30 | 28 | 28 | 32 | 31 | 25 | 31 | 33 | 21 | 24 | 26 | 32 | — | — | — | |||||||
| 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 | — | — | — | |||||||
| 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: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).
1 Q3 2024 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 3.20 = 114
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. | Intel Corp. number of days of payables outstanding increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |
Cash Conversion Cycle
Intel Corp., cash conversion cycle calculation (quarterly data)
No. days
| Sep 28, 2024 | Jun 29, 2024 | Mar 30, 2024 | Dec 30, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Oct 1, 2022 | Jul 2, 2022 | Apr 2, 2022 | Dec 25, 2021 | Sep 25, 2021 | Jun 26, 2021 | Mar 27, 2021 | Dec 26, 2020 | Sep 26, 2020 | Jun 27, 2020 | Mar 28, 2020 | Dec 28, 2019 | Sep 28, 2019 | Jun 29, 2019 | Mar 30, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||||
| Average inventory processing period | 124 | 127 | 130 | 125 | 128 | 131 | 136 | 133 | 126 | 121 | 123 | 112 | 104 | 93 | 88 | 90 | 100 | 98 | 110 | 107 | — | — | — | |||||||
| Average receivable collection period | 21 | 21 | 22 | 23 | 20 | 20 | 25 | 24 | 39 | 30 | 33 | 44 | 39 | 35 | 34 | 32 | 33 | 34 | 41 | 39 | — | — | — | |||||||
| Average payables payment period | 114 | 109 | 97 | 96 | 97 | 96 | 85 | 97 | 70 | 79 | 74 | 60 | 72 | 63 | 56 | 59 | 55 | 55 | 55 | 51 | — | — | — | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||
| Cash conversion cycle1 | 31 | 39 | 55 | 52 | 51 | 55 | 76 | 60 | 95 | 72 | 82 | 96 | 71 | 65 | 66 | 63 | 78 | 77 | 96 | 95 | — | — | — | |||||||
| 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 | — | — | — | |||||||
| Analog Devices Inc. | 131 | 126 | 136 | 138 | 138 | 135 | 131 | 122 | 110 | 116 | 126 | 172 | 114 | 114 | 125 | 121 | 121 | 115 | 108 | 110 | 118 | 113 | 110 | |||||||
| 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 | |||||||
| First Solar Inc. | 247 | 206 | 201 | 184 | 209 | 152 | 103 | 85 | 147 | 179 | 174 | 133 | 123 | 149 | 157 | 105 | 80 | 88 | 81 | 89 | — | — | — | |||||||
| 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: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).
1 Q3 2024 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 124 + 21 – 114 = 31
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. | Intel Corp. cash conversion cycle improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |