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

Long-term Activity Ratios (Summary)
Net Fixed Asset Turnover
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Total Asset Turnover
Equity Turnover

Micron Technology Inc., long-term (investment) activity ratios

		Aug 29, 2024	Aug 31, 2023	Sep 1, 2022	Sep 2, 2021	Sep 3, 2020	Aug 29, 2019
	Net fixed asset turnover
	Net fixed asset turnover (including operating lease, right-of-use asset)
	Total asset turnover
	Equity turnover

Based on: 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29).

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Long-term activity ratio	Description	The company
Net fixed asset turnover	An activity ratio calculated as total revenue divided by net fixed assets.	Micron Technology Inc. net fixed asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level.
Net fixed asset turnover (including operating lease, right-of-use asset)	An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset).	Micron Technology Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level.
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	Micron Technology Inc. total asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level.
Equity turnover	An activity ratio calculated as total revenue divided by shareholders’ equity.	Micron Technology Inc. equity turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level.

Micron Technology Inc., net fixed asset turnover calculation, comparison to benchmarks

		Aug 29, 2024	Aug 31, 2023	Sep 1, 2022	Sep 2, 2021	Sep 3, 2020	Aug 29, 2019
	Selected Financial Data (US$ in millions)
	Revenue
	Property, plant, and equipment
	Long-term Activity Ratio
	Net fixed asset turnover¹
	Benchmarks
	Net Fixed Asset Turnover, Competitors²
	Advanced Micro Devices Inc.
	Analog Devices Inc.
	Applied Materials Inc.
	Broadcom Inc.
	First Solar Inc.
	Intel Corp.
	KLA Corp.
	Lam Research Corp.
	Monolithic Power Systems Inc.
	NVIDIA Corp.
	Qualcomm Inc.
	Texas Instruments Inc.
	Net Fixed Asset Turnover, Sector
	Semiconductors & Semiconductor Equipment
	Net Fixed Asset Turnover, Industry
	Information Technology

Based on: 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29).

¹ 2024 Calculation
Net fixed asset turnover = Revenue ÷ Property, plant, and equipment
= ÷ =

² Click competitor name to see calculations.

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Long-term activity ratio	Description	The company
Net fixed asset turnover	An activity ratio calculated as total revenue divided by net fixed assets.	Micron Technology Inc. net fixed asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level.

Micron Technology Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

		Aug 29, 2024	Aug 31, 2023	Sep 1, 2022	Sep 2, 2021	Sep 3, 2020	Aug 29, 2019
	Selected Financial Data (US$ in millions)
	Revenue

	Property, plant, and equipment
	Operating lease right-of-use assets
	Property, plant, and equipment (including operating lease, right-of-use asset)
	Long-term Activity Ratio
	Net fixed asset turnover (including operating lease, right-of-use asset)¹
	Benchmarks
	Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors²
	Advanced Micro Devices Inc.
	Analog Devices Inc.
	Applied Materials Inc.
	Broadcom Inc.
	First Solar Inc.
	Intel Corp.
	KLA Corp.
	Lam Research Corp.
	Monolithic Power Systems Inc.
	NVIDIA Corp.
	Qualcomm Inc.
	Texas Instruments Inc.
	Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
	Semiconductors & Semiconductor Equipment
	Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
	Information Technology

Based on: 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29).

¹ 2024 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenue ÷ Property, plant, and equipment (including operating lease, right-of-use asset)
= ÷ =

² Click competitor name to see calculations.

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Long-term activity ratio	Description	The company
Net fixed asset turnover (including operating lease, right-of-use asset)	An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset).	Micron Technology Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level.

Micron Technology Inc., total asset turnover calculation, comparison to benchmarks

		Aug 29, 2024	Aug 31, 2023	Sep 1, 2022	Sep 2, 2021	Sep 3, 2020	Aug 29, 2019
	Selected Financial Data (US$ in millions)
	Revenue
	Total assets
	Long-term Activity Ratio
	Total asset turnover¹
	Benchmarks
	Total Asset Turnover, Competitors²
	Advanced Micro Devices Inc.
	Analog Devices Inc.
	Applied Materials Inc.
	Broadcom Inc.
	First Solar Inc.
	Intel Corp.
	KLA Corp.
	Lam Research Corp.
	Monolithic Power Systems Inc.
	NVIDIA Corp.
	Qualcomm Inc.
	Texas Instruments Inc.
	Total Asset Turnover, Sector
	Semiconductors & Semiconductor Equipment
	Total Asset Turnover, Industry
	Information Technology

Based on: 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29).

¹ 2024 Calculation
Total asset turnover = Revenue ÷ Total assets
= ÷ =

² Click competitor name to see calculations.

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Long-term activity ratio	Description	The company
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	Micron Technology Inc. total asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level.

Micron Technology Inc., equity turnover calculation, comparison to benchmarks

		Aug 29, 2024	Aug 31, 2023	Sep 1, 2022	Sep 2, 2021	Sep 3, 2020	Aug 29, 2019
	Selected Financial Data (US$ in millions)
	Revenue
	Total Micron shareholders’ equity
	Long-term Activity Ratio
	Equity turnover¹
	Benchmarks
	Equity Turnover, Competitors²
	Advanced Micro Devices Inc.
	Analog Devices Inc.
	Applied Materials Inc.
	Broadcom Inc.
	First Solar Inc.
	Intel Corp.
	KLA Corp.
	Lam Research Corp.
	Monolithic Power Systems Inc.
	NVIDIA Corp.
	Qualcomm Inc.
	Texas Instruments Inc.
	Equity Turnover, Sector
	Semiconductors & Semiconductor Equipment
	Equity Turnover, Industry
	Information Technology

Based on: 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29).

¹ 2024 Calculation
Equity turnover = Revenue ÷ Total Micron shareholders’ equity
= ÷ =

² Click competitor name to see calculations.

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Long-term activity ratio	Description	The company
Equity turnover	An activity ratio calculated as total revenue divided by shareholders’ equity.	Micron Technology Inc. equity turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level.

	Micron Technology Inc.	Other companies (not purchased previously)
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Analysis of Financial Ratios
Relative Valuation
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Long-term Trends
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Financial Statements
Common-Size Financial Statements
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Micron Technology Inc. (NASDAQ:MU)

Analysis of Long-term (Investment) Activity Ratios

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Long-term Activity Ratios (Summary)

Net Fixed Asset Turnover

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

Total Asset Turnover

Equity Turnover