Stock Analysis on Net

Monolithic Power Systems Inc. (NASDAQ:MPWR)

This company has been moved to the archive! The financial data has not been updated since May 5, 2023.

Analysis of Short-term (Operating) Activity Ratios

Microsoft Excel

Short-term Activity Ratios (Summary)

Monolithic Power Systems Inc., short-term (operating) activity ratios

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Turnover Ratios
Inventory turnover 1.67 2.01 2.41 2.21 1.90
Receivables turnover 9.82 11.52 12.63 11.91 10.55
Payables turnover 12.13 6.29 9.92 10.33 11.45
Working capital turnover 1.56 1.35 1.21 1.13 1.16
Average No. Days
Average inventory processing period 219 181 151 165 192
Add: Average receivable collection period 37 32 29 31 35
Operating cycle 256 213 180 196 227
Less: Average payables payment period 30 58 37 35 32
Cash conversion cycle 226 155 143 161 195

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Monolithic Power Systems Inc. inventory turnover ratio deteriorated from 2020 to 2021 and from 2021 to 2022.
Receivables turnover An activity ratio equal to revenue divided by receivables. Monolithic Power Systems Inc. receivables turnover ratio deteriorated from 2020 to 2021 and from 2021 to 2022.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Monolithic Power Systems Inc. payables turnover ratio decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Monolithic Power Systems Inc. working capital turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

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. Monolithic Power Systems Inc. number of days of inventory outstanding deteriorated from 2020 to 2021 and from 2021 to 2022.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Monolithic Power Systems Inc. number of days of receivables outstanding deteriorated from 2020 to 2021 and from 2021 to 2022.
Operating cycle Equal to average inventory processing period plus average receivables collection period. Monolithic Power Systems Inc. operating cycle deteriorated from 2020 to 2021 and from 2021 to 2022.
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. Monolithic Power Systems Inc. number of days of payables outstanding increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.
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. Monolithic Power Systems Inc. cash conversion cycle deteriorated from 2020 to 2021 and from 2021 to 2022.

Inventory Turnover

Monolithic Power Systems Inc., inventory turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Cost of revenue 745,596 522,339 378,498 281,596 259,714
Inventories 447,290 259,417 157,062 127,500 136,384
Short-term Activity Ratio
Inventory turnover1 1.67 2.01 2.41 2.21 1.90
Benchmarks
Inventory Turnover, Competitors2
Advanced Micro Devices Inc. 3.45 4.35 3.87 3.93
Analog Devices Inc. 3.20 2.33 3.14 3.24 3.35
Applied Materials Inc. 2.33 2.82 2.44 2.37 2.54
Broadcom Inc. 5.77 8.18 10.34 11.57 9.00
First Solar Inc. 4.10 3.29 3.58 5.67
Intel Corp. 2.74 3.27 4.06 3.41
KLA Corp. 1.67 1.76 1.87 1.48
Lam Research Corp. 2.36 2.91 2.86 3.44
Micron Technology Inc. 2.53 3.85 2.65 2.48
NVIDIA Corp. 3.62 3.44 4.24 2.89
Qualcomm Inc. 2.94 4.42 3.56 6.14 6.05
Texas Instruments Inc. 2.27 3.12 2.66 2.61
Inventory Turnover, Sector
Semiconductors & Semiconductor Equipment 2.83 3.50 3.47 3.38
Inventory Turnover, Industry
Information Technology 8.17 9.78 10.43 10.62

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Inventory turnover = Cost of revenue ÷ Inventories
= 745,596 ÷ 447,290 = 1.67

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. Monolithic Power Systems Inc. inventory turnover ratio deteriorated from 2020 to 2021 and from 2021 to 2022.

Receivables Turnover

Monolithic Power Systems Inc., receivables turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Revenue 1,794,148 1,207,798 844,452 627,921 582,382
Accounts receivable, net 182,714 104,813 66,843 52,704 55,214
Short-term Activity Ratio
Receivables turnover1 9.82 11.52 12.63 11.91 10.55
Benchmarks
Receivables Turnover, Competitors2
Advanced Micro Devices Inc. 5.72 6.07 4.73 3.62
Analog Devices Inc. 6.67 5.02 7.60 9.43 9.69
Applied Materials Inc. 4.25 4.66 5.81 5.77 6.73
Broadcom Inc. 11.22 13.25 10.40 6.93 6.27
First Solar Inc. 8.08 6.81 10.19 6.45
Intel Corp. 15.26 8.36 11.48 9.40
KLA Corp. 5.08 5.30 5.24 4.61
Lam Research Corp. 3.99 4.83 4.79 6.63
Micron Technology Inc. 6.45 5.63 6.13 8.43
NVIDIA Corp. 5.79 6.86 6.59 8.23
Qualcomm Inc. 10.59 15.16 8.76 23.21 7.98
Texas Instruments Inc. 10.57 10.78 10.23 13.39
Receivables Turnover, Sector
Semiconductors & Semiconductor Equipment 7.52 7.47 8.10 8.45
Receivables Turnover, Industry
Information Technology 7.42 7.55 8.00 7.59

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Receivables turnover = Revenue ÷ Accounts receivable, net
= 1,794,148 ÷ 182,714 = 9.82

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. Monolithic Power Systems Inc. receivables turnover ratio deteriorated from 2020 to 2021 and from 2021 to 2022.

Payables Turnover

Monolithic Power Systems Inc., payables turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Cost of revenue 745,596 522,339 378,498 281,596 259,714
Accounts payable 61,461 83,027 38,169 27,271 22,678
Short-term Activity Ratio
Payables turnover1 12.13 6.29 9.92 10.33 11.45
Benchmarks
Payables Turnover, Competitors2
Advanced Micro Devices Inc. 5.21 6.44 11.57 3.91
Analog Devices Inc. 7.70 6.30 8.42 8.78 7.54
Applied Materials Inc. 7.86 8.25 8.46 8.58 9.47
Broadcom Inc. 11.13 9.77 12.41 11.83 12.47
First Solar Inc. 7.47 11.34 11.08 11.53
Intel Corp. 3.77 6.13 6.14 7.23
KLA Corp. 8.10 8.10 9.27 9.24
Lam Research Corp. 9.25 9.43 9.18 14.06
Micron Technology Inc. 7.87 9.91 6.79 7.58
NVIDIA Corp. 5.29 5.23 6.04 8.89
Qualcomm Inc. 4.91 5.19 4.12 6.29 5.61
Texas Instruments Inc. 7.35 10.45 12.51 13.45
Payables Turnover, Sector
Semiconductors & Semiconductor Equipment 5.63 7.11 7.08 7.97
Payables Turnover, Industry
Information Technology 4.54 4.99 5.35 5.27

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Payables turnover = Cost of revenue ÷ Accounts payable
= 745,596 ÷ 61,461 = 12.13

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. Monolithic Power Systems Inc. payables turnover ratio decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.

Working Capital Turnover

Monolithic Power Systems Inc., working capital turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Current assets 1,410,619 1,124,852 841,998 655,206 580,810
Less: Current liabilities 263,400 226,944 146,969 98,225 80,439
Working capital 1,147,219 897,908 695,029 556,981 500,371
 
Revenue 1,794,148 1,207,798 844,452 627,921 582,382
Short-term Activity Ratio
Working capital turnover1 1.56 1.35 1.21 1.13 1.16
Benchmarks
Working Capital Turnover, Competitors2
Advanced Micro Devices Inc. 2.73 3.78 2.62 3.01
Analog Devices Inc. 4.81 2.81 4.86 12.57 8.78
Applied Materials Inc. 3.02 2.36 1.93 2.54 2.58
Broadcom Inc. 2.90 2.66 4.32 7.49 3.08
First Solar Inc. 0.95 1.19 1.25 1.34
Intel Corp. 3.45 2.61 3.46 8.06
KLA Corp. 2.14 1.93 1.92 1.79
Lam Research Corp. 2.23 1.80 1.31 1.56
Micron Technology Inc. 2.16 2.05 1.89 2.31
NVIDIA Corp. 1.10 1.37 0.92 1.27
Qualcomm Inc. 4.99 4.13 2.39 3.10 3.70
Texas Instruments Inc. 1.81 1.65 1.84 2.17
Working Capital Turnover, Sector
Semiconductors & Semiconductor Equipment 2.51 2.36 2.33 3.26
Working Capital Turnover, Industry
Information Technology 5.71 3.86 2.86 3.06

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Working capital turnover = Revenue ÷ Working capital
= 1,794,148 ÷ 1,147,219 = 1.56

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. Monolithic Power Systems Inc. working capital turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Average Inventory Processing Period

Monolithic Power Systems Inc., average inventory processing period calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data
Inventory turnover 1.67 2.01 2.41 2.21 1.90
Short-term Activity Ratio (no. days)
Average inventory processing period1 219 181 151 165 192
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Advanced Micro Devices Inc. 106 84 94 93
Analog Devices Inc. 114 157 116 113 109
Applied Materials Inc. 157 129 150 154 144
Broadcom Inc. 63 45 35 32 41
First Solar Inc. 89 111 102 64
Intel Corp. 133 112 90 107
KLA Corp. 218 207 195 247
Lam Research Corp. 155 126 128 106
Micron Technology Inc. 144 95 138 147
NVIDIA Corp. 101 106 86 126
Qualcomm Inc. 124 83 102 59 60
Texas Instruments Inc. 161 117 137 140
Average Inventory Processing Period, Sector
Semiconductors & Semiconductor Equipment 129 104 105 108
Average Inventory Processing Period, Industry
Information Technology 45 37 35 34

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 1.67 = 219

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. Monolithic Power Systems Inc. number of days of inventory outstanding deteriorated from 2020 to 2021 and from 2021 to 2022.

Average Receivable Collection Period

Monolithic Power Systems Inc., average receivable collection period calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data
Receivables turnover 9.82 11.52 12.63 11.91 10.55
Short-term Activity Ratio (no. days)
Average receivable collection period1 37 32 29 31 35
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Advanced Micro Devices Inc. 64 60 77 101
Analog Devices Inc. 55 73 48 39 38
Applied Materials Inc. 86 78 63 63 54
Broadcom Inc. 33 28 35 53 58
First Solar Inc. 45 54 36 57
Intel Corp. 24 44 32 39
KLA Corp. 72 69 70 79
Lam Research Corp. 91 76 76 55
Micron Technology Inc. 57 65 59 43
NVIDIA Corp. 63 53 55 44
Qualcomm Inc. 34 24 42 16 46
Texas Instruments Inc. 35 34 36 27
Average Receivable Collection Period, Sector
Semiconductors & Semiconductor Equipment 49 49 45 43
Average Receivable Collection Period, Industry
Information Technology 49 48 46 48

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 9.82 = 37

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. Monolithic Power Systems Inc. number of days of receivables outstanding deteriorated from 2020 to 2021 and from 2021 to 2022.

Operating Cycle

Monolithic Power Systems Inc., operating cycle calculation, comparison to benchmarks

No. days

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data
Average inventory processing period 219 181 151 165 192
Average receivable collection period 37 32 29 31 35
Short-term Activity Ratio
Operating cycle1 256 213 180 196 227
Benchmarks
Operating Cycle, Competitors2
Advanced Micro Devices Inc. 170 144 171 194
Analog Devices Inc. 169 230 164 152 147
Applied Materials Inc. 243 207 213 217 198
Broadcom Inc. 96 73 70 85 99
First Solar Inc. 134 165 138 121
Intel Corp. 157 156 122 146
KLA Corp. 290 276 265 326
Lam Research Corp. 246 202 204 161
Micron Technology Inc. 201 160 197 190
NVIDIA Corp. 164 159 141 170
Qualcomm Inc. 158 107 144 75 106
Texas Instruments Inc. 196 151 173 167
Operating Cycle, Sector
Semiconductors & Semiconductor Equipment 178 153 150 151
Operating Cycle, Industry
Information Technology 94 85 81 82

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 219 + 37 = 256

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. Monolithic Power Systems Inc. operating cycle deteriorated from 2020 to 2021 and from 2021 to 2022.

Average Payables Payment Period

Monolithic Power Systems Inc., average payables payment period calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data
Payables turnover 12.13 6.29 9.92 10.33 11.45
Short-term Activity Ratio (no. days)
Average payables payment period1 30 58 37 35 32
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Advanced Micro Devices Inc. 70 57 32 93
Analog Devices Inc. 47 58 43 42 48
Applied Materials Inc. 46 44 43 43 39
Broadcom Inc. 33 37 29 31 29
First Solar Inc. 49 32 33 32
Intel Corp. 97 60 59 51
KLA Corp. 45 45 39 40
Lam Research Corp. 39 39 40 26
Micron Technology Inc. 46 37 54 48
NVIDIA Corp. 69 70 60 41
Qualcomm Inc. 74 70 89 58 65
Texas Instruments Inc. 50 35 29 27
Average Payables Payment Period, Sector
Semiconductors & Semiconductor Equipment 65 51 52 46
Average Payables Payment Period, Industry
Information Technology 80 73 68 69

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 12.13 = 30

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. Monolithic Power Systems Inc. number of days of payables outstanding increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.

Cash Conversion Cycle

Monolithic Power Systems Inc., cash conversion cycle calculation, comparison to benchmarks

No. days

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data
Average inventory processing period 219 181 151 165 192
Average receivable collection period 37 32 29 31 35
Average payables payment period 30 58 37 35 32
Short-term Activity Ratio
Cash conversion cycle1 226 155 143 161 195
Benchmarks
Cash Conversion Cycle, Competitors2
Advanced Micro Devices Inc. 100 87 139 101
Analog Devices Inc. 122 172 121 110 99
Applied Materials Inc. 197 163 170 174 159
Broadcom Inc. 63 36 41 54 70
First Solar Inc. 85 133 105 89
Intel Corp. 60 96 63 95
KLA Corp. 245 231 226 286
Lam Research Corp. 207 163 164 135
Micron Technology Inc. 155 123 143 142
NVIDIA Corp. 95 89 81 129
Qualcomm Inc. 84 37 55 17 41
Texas Instruments Inc. 146 116 144 140
Cash Conversion Cycle, Sector
Semiconductors & Semiconductor Equipment 113 102 98 105
Cash Conversion Cycle, Industry
Information Technology 14 12 13 13

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 219 + 3730 = 226

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. Monolithic Power Systems Inc. cash conversion cycle deteriorated from 2020 to 2021 and from 2021 to 2022.