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)
Monolithic Power Systems Inc., short-term (operating) activity ratios (quarterly data)
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
| 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 Q3 2022 to Q4 2022 but then improved from Q4 2022 to Q1 2023 exceeding Q3 2022 level. |
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Monolithic Power Systems Inc. receivables turnover ratio deteriorated from Q3 2022 to Q4 2022 but then slightly improved from Q4 2022 to Q1 2023. |
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Monolithic Power Systems Inc. payables turnover ratio increased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
| Working capital turnover | An activity ratio calculated as revenue divided by working capital. | Monolithic Power Systems Inc. working capital turnover ratio deteriorated from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
| 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 Q3 2022 to Q4 2022 but then improved from Q4 2022 to Q1 2023 exceeding Q3 2022 level. |
| 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 Q3 2022 to Q4 2022 but then slightly improved from Q4 2022 to Q1 2023. |
| Operating cycle | Equal to average inventory processing period plus average receivables collection period. | Monolithic Power Systems Inc. operating cycle deteriorated from Q3 2022 to Q4 2022 but then improved from Q4 2022 to Q1 2023 exceeding Q3 2022 level. |
| 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 decreased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
| 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 Q3 2022 to Q4 2022 but then improved from Q4 2022 to Q1 2023 not reaching Q3 2022 level. |
Inventory Turnover
Monolithic Power Systems Inc., inventory turnover calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Cost of revenue | 192,285) | 192,203) | 204,516) | 190,043) | 158,834) | 142,630) | 137,211) | 129,102) | 113,396) | 104,169) | 116,382) | 83,616) | 74,331) | 74,802) | 75,655) | 67,782) | 63,357) | 68,905) | 70,957) | 62,197) | 57,655) | |||||||
| Inventories | 430,830) | 447,290) | 397,435) | 359,647) | 311,040) | 259,417) | 208,062) | 177,322) | 175,223) | 157,062) | 148,096) | 152,119) | 131,499) | 127,500) | 135,634) | 143,622) | 142,543) | 136,384) | 136,790) | 128,909) | 111,897) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||
| Inventory turnover1 | 1.81 | 1.67 | 1.75 | 1.75 | 1.83 | 2.01 | 2.33 | 2.61 | 2.38 | 2.41 | 2.36 | 2.03 | 2.22 | 2.21 | 2.03 | 1.89 | 1.86 | 1.90 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Inventory Turnover, Competitors2 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 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. | 2.84 | 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 | — | — | — | |||||||
| Applied Materials Inc. | 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. | 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 | — | — | — | |||||||
| Intel Corp. | 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. | 1.59 | 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 | 1.26 | 1.53 | 1.48 | 1.55 | — | — | — | |||||||
| Lam Research Corp. | 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 | 3.49 | 3.44 | 3.12 | 3.15 | — | — | — | |||||||
| Micron Technology Inc. | 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 | 2.55 | 2.88 | 3.29 | 3.48 | — | — | — | |||||||
| NVIDIA Corp. | 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 | — | — | — | — | — | — | — | |||||||
| ON Semiconductor Corp. | 2.37 | 2.63 | 2.65 | 2.60 | 2.71 | 2.92 | 2.98 | 2.91 | 2.80 | 2.83 | 2.74 | 2.75 | 2.83 | 2.88 | — | — | — | — | — | — | — | |||||||
| Qualcomm Inc. | 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. | 1.92 | 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: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Inventory turnover
= (Cost of revenueQ1 2023
+ Cost of revenueQ4 2022
+ Cost of revenueQ3 2022
+ Cost of revenueQ2 2022)
÷ Inventories
= (192,285 + 192,203 + 204,516 + 190,043)
÷ 430,830 = 1.81
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 Q3 2022 to Q4 2022 but then improved from Q4 2022 to Q1 2023 exceeding Q3 2022 level. |
Receivables Turnover
Monolithic Power Systems Inc., receivables turnover calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Revenue | 451,065) | 460,012) | 495,418) | 461,004) | 377,714) | 336,504) | 323,522) | 293,317) | 254,455) | 233,043) | 259,422) | 186,209) | 165,778) | 166,738) | 168,813) | 151,007) | 141,363) | 153,496) | 159,975) | 139,761) | 129,150) | |||||||
| Accounts receivable, net | 184,274) | 182,714) | 153,404) | 125,508) | 120,318) | 104,813) | 79,859) | 77,553) | 84,059) | 66,843) | 93,535) | 55,136) | 54,341) | 52,704) | 58,261) | 55,398) | 58,889) | 55,214) | 59,887) | 53,460) | 48,241) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||
| Receivables turnover1 | 10.13 | 9.82 | 10.89 | 11.94 | 11.06 | 11.52 | 13.83 | 13.41 | 11.10 | 12.63 | 8.32 | 12.47 | 12.00 | 11.91 | 10.55 | 10.94 | 10.10 | 10.55 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Receivables Turnover, Competitors2 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 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. | 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 | — | — | — | |||||||
| Applied Materials Inc. | 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. | 10.64 | 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 | — | — | — | |||||||
| Intel Corp. | 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. | 5.30 | 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 | 4.57 | 6.54 | 6.91 | 6.19 | — | — | — | |||||||
| Lam Research Corp. | 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 | 6.84 | 5.82 | 5.92 | 5.09 | — | — | — | |||||||
| Micron Technology Inc. | 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 | 8.28 | 6.79 | 5.81 | 5.55 | — | — | — | |||||||
| NVIDIA Corp. | 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 | — | — | — | — | — | — | — | |||||||
| ON Semiconductor Corp. | 9.47 | 9.89 | 9.41 | 6.69 | 7.91 | 8.33 | 8.81 | 8.84 | 7.99 | 7.77 | 7.16 | 7.90 | 8.30 | 7.83 | — | — | — | — | — | — | — | |||||||
| Texas Instruments Inc. | 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: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Receivables turnover
= (RevenueQ1 2023
+ RevenueQ4 2022
+ RevenueQ3 2022
+ RevenueQ2 2022)
÷ Accounts receivable, net
= (451,065 + 460,012 + 495,418 + 461,004)
÷ 184,274 = 10.13
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 Q3 2022 to Q4 2022 but then slightly improved from Q4 2022 to Q1 2023. |
Payables Turnover
Monolithic Power Systems Inc., payables turnover calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Cost of revenue | 192,285) | 192,203) | 204,516) | 190,043) | 158,834) | 142,630) | 137,211) | 129,102) | 113,396) | 104,169) | 116,382) | 83,616) | 74,331) | 74,802) | 75,655) | 67,782) | 63,357) | 68,905) | 70,957) | 62,197) | 57,655) | |||||||
| Accounts payable | 58,001) | 61,461) | 78,673) | 77,925) | 71,572) | 83,027) | 72,092) | 58,882) | 57,235) | 38,169) | 48,142) | 45,169) | 37,752) | 27,271) | 30,318) | 26,544) | 27,259) | 22,678) | 27,603) | 26,689) | 27,511) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||
| Payables turnover1 | 13.43 | 12.13 | 8.85 | 8.07 | 7.93 | 6.29 | 6.71 | 7.86 | 7.30 | 9.92 | 7.25 | 6.83 | 7.75 | 10.33 | 9.09 | 10.21 | 9.74 | 11.45 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Payables Turnover, Competitors2 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 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. | 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 | — | — | — | |||||||
| Broadcom Inc. | 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 | — | — | — | |||||||
| Intel Corp. | 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. | 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 | 8.02 | 10.07 | 9.52 | 8.55 | — | — | — | |||||||
| Lam Research Corp. | 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 | 13.60 | 17.03 | 15.23 | 11.57 | — | — | — | |||||||
| NVIDIA Corp. | 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 | — | — | — | — | — | — | — | |||||||
| ON Semiconductor Corp. | 4.41 | 4.99 | 5.28 | 5.12 | 5.58 | 6.34 | 6.61 | 6.25 | 5.99 | 6.18 | 6.56 | 6.76 | 7.04 | 6.52 | — | — | — | — | — | — | — | |||||||
| Qualcomm Inc. | 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. | 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: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Payables turnover
= (Cost of revenueQ1 2023
+ Cost of revenueQ4 2022
+ Cost of revenueQ3 2022
+ Cost of revenueQ2 2022)
÷ Accounts payable
= (192,285 + 192,203 + 204,516 + 190,043)
÷ 58,001 = 13.43
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 increased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Working Capital Turnover
Monolithic Power Systems Inc., working capital turnover calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Current assets | 1,622,629) | 1,410,619) | 1,323,457) | 1,332,089) | 1,247,136) | 1,124,852) | 1,064,494) | 950,080) | 922,430) | 841,998) | 819,143) | 748,864) | 704,785) | 655,206) | 629,295) | 585,136) | 574,085) | 580,810) | 557,401) | 509,846) | 484,104) | |||||||
| Less: Current liabilities | 315,843) | 263,400) | 290,988) | 254,487) | 272,528) | 226,944) | 227,663) | 182,731) | 187,909) | 146,969) | 158,278) | 136,785) | 112,495) | 98,225) | 105,026) | 88,120) | 91,576) | 80,439) | 85,507) | 75,326) | 73,301) | |||||||
| Working capital | 1,306,786) | 1,147,219) | 1,032,469) | 1,077,602) | 974,608) | 897,908) | 836,831) | 767,349) | 734,521) | 695,029) | 660,865) | 612,079) | 592,290) | 556,981) | 524,269) | 497,016) | 482,509) | 500,371) | 471,894) | 434,520) | 410,803) | |||||||
| Revenue | 451,065) | 460,012) | 495,418) | 461,004) | 377,714) | 336,504) | 323,522) | 293,317) | 254,455) | 233,043) | 259,422) | 186,209) | 165,778) | 166,738) | 168,813) | 151,007) | 141,363) | 153,496) | 159,975) | 139,761) | 129,150) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||
| Working capital turnover1 | 1.43 | 1.56 | 1.62 | 1.39 | 1.37 | 1.35 | 1.32 | 1.36 | 1.27 | 1.21 | 1.18 | 1.12 | 1.10 | 1.13 | 1.17 | 1.22 | 1.23 | 1.16 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Working Capital Turnover, Competitors2 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 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. | 4.61 | 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 | — | — | — | |||||||
| Applied Materials Inc. | 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. | 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 | — | — | — | |||||||
| Intel Corp. | 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. | 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 | 1.60 | 1.43 | 1.30 | 1.21 | — | — | — | |||||||
| Lam Research Corp. | 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 | 1.57 | 2.10 | 2.33 | 1.85 | — | — | — | |||||||
| Micron Technology Inc. | 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 | 2.79 | 3.26 | 3.20 | 2.95 | — | — | — | |||||||
| NVIDIA Corp. | 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 | — | — | — | — | — | — | — | |||||||
| ON Semiconductor Corp. | 2.66 | 2.27 | 2.27 | 2.48 | 2.57 | 3.01 | 2.88 | 3.33 | 3.75 | 3.48 | 2.59 | 2.22 | 2.36 | 4.59 | — | — | — | — | — | — | — | |||||||
| Qualcomm Inc. | 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. | 1.61 | 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: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Working capital turnover
= (RevenueQ1 2023
+ RevenueQ4 2022
+ RevenueQ3 2022
+ RevenueQ2 2022)
÷ Working capital
= (451,065 + 460,012 + 495,418 + 461,004)
÷ 1,306,786 = 1.43
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 deteriorated from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Average Inventory Processing Period
Monolithic Power Systems Inc., average inventory processing period calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||
| Inventory turnover | 1.81 | 1.67 | 1.75 | 1.75 | 1.83 | 2.01 | 2.33 | 2.61 | 2.38 | 2.41 | 2.36 | 2.03 | 2.22 | 2.21 | 2.03 | 1.89 | 1.86 | 1.90 | — | — | — | |||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||
| Average inventory processing period1 | 202 | 219 | 208 | 209 | 200 | 181 | 157 | 140 | 153 | 151 | 155 | 180 | 164 | 165 | 180 | 193 | 196 | 192 | — | — | — | |||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||||
| Average Inventory Processing Period, Competitors2 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 120 | 106 | 101 | 86 | 91 | 84 | 88 | 89 | 96 | 94 | 98 | 114 | 94 | 93 | — | — | — | — | — | — | — | |||||||
| Analog Devices Inc. | 129 | 114 | 96 | 97 | 100 | 157 | 115 | 116 | 115 | 116 | 117 | 113 | 111 | 113 | 118 | 111 | 109 | 109 | — | — | — | |||||||
| Applied Materials Inc. | 157 | 157 | 151 | 140 | 131 | 129 | 130 | 138 | 143 | 150 | 159 | 157 | 150 | 154 | 155 | 153 | 146 | 144 | — | — | — | |||||||
| Broadcom Inc. | 61 | 63 | 62 | 57 | 53 | 45 | 40 | 35 | 33 | 35 | 38 | 34 | 34 | 32 | 40 | 38 | 39 | 41 | — | — | — | |||||||
| Intel Corp. | 136 | 133 | 126 | 121 | 123 | 112 | 104 | 93 | 88 | 90 | 100 | 98 | 110 | 107 | — | — | — | — | — | — | — | |||||||
| KLA Corp. | 230 | 218 | 214 | 208 | 211 | 207 | 202 | 207 | 206 | 195 | 191 | 197 | 219 | 247 | 291 | 239 | 246 | 235 | — | — | — | |||||||
| Lam Research Corp. | 163 | 155 | 140 | 126 | 124 | 126 | 131 | 135 | 132 | 128 | 117 | 107 | 104 | 106 | 105 | 106 | 117 | 116 | — | — | — | |||||||
| Micron Technology Inc. | 192 | 144 | 119 | 116 | 101 | 95 | 98 | 106 | 133 | 138 | 137 | 139 | 137 | 147 | 143 | 127 | 111 | 105 | — | — | — | |||||||
| NVIDIA Corp. | 112 | 101 | 94 | 97 | 100 | 106 | 99 | 105 | 96 | 86 | 94 | 104 | 120 | 126 | — | — | — | — | — | — | — | |||||||
| ON Semiconductor Corp. | 154 | 139 | 138 | 140 | 135 | 125 | 122 | 125 | 130 | 129 | 133 | 133 | 129 | 127 | — | — | — | — | — | — | — | |||||||
| Qualcomm Inc. | 138 | 124 | 112 | 102 | 93 | 83 | 87 | 83 | 88 | 102 | 99 | 72 | 61 | 59 | 69 | 65 | 63 | 60 | — | — | — | |||||||
| Texas Instruments Inc. | 190 | 161 | 143 | 133 | 127 | 117 | 115 | 117 | 127 | 137 | 151 | 157 | 143 | 140 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 1.81 = 202
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 Q3 2022 to Q4 2022 but then improved from Q4 2022 to Q1 2023 exceeding Q3 2022 level. |
Average Receivable Collection Period
Monolithic Power Systems Inc., average receivable collection period calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||
| Receivables turnover | 10.13 | 9.82 | 10.89 | 11.94 | 11.06 | 11.52 | 13.83 | 13.41 | 11.10 | 12.63 | 8.32 | 12.47 | 12.00 | 11.91 | 10.55 | 10.94 | 10.10 | 10.55 | — | — | — | |||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||
| Average receivable collection period1 | 36 | 37 | 34 | 31 | 33 | 32 | 26 | 27 | 33 | 29 | 44 | 29 | 30 | 31 | 35 | 33 | 36 | 35 | — | — | — | |||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||||
| Average Receivable Collection Period, Competitors2 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 64 | 64 | 69 | 69 | 71 | 60 | 55 | 55 | 70 | 77 | 90 | 85 | 85 | 101 | — | — | — | — | — | — | — | |||||||
| Analog Devices Inc. | 47 | 55 | 57 | 60 | 71 | 73 | 46 | 48 | 52 | 48 | 45 | 39 | 37 | 39 | 41 | 40 | 42 | 38 | — | — | — | |||||||
| Applied Materials Inc. | 75 | 86 | 72 | 72 | 67 | 78 | 65 | 62 | 61 | 63 | 63 | 62 | 65 | 63 | 58 | 52 | 53 | 54 | — | — | — | |||||||
| Broadcom Inc. | 34 | 33 | 31 | 38 | 33 | 28 | 31 | 35 | 37 | 35 | 42 | 51 | 59 | 53 | 58 | 58 | 63 | 58 | — | — | — | |||||||
| Intel Corp. | 25 | 24 | 39 | 30 | 33 | 44 | 39 | 35 | 34 | 32 | 33 | 34 | 41 | 39 | — | — | — | — | — | — | — | |||||||
| KLA Corp. | 69 | 72 | 68 | 77 | 72 | 69 | 68 | 73 | 63 | 70 | 73 | 82 | 80 | 79 | 80 | 56 | 53 | 59 | — | — | — | |||||||
| Lam Research Corp. | 93 | 91 | 81 | 75 | 79 | 76 | 77 | 89 | 77 | 76 | 83 | 78 | 63 | 55 | 53 | 63 | 62 | 72 | — | — | — | |||||||
| Micron Technology Inc. | 45 | 61 | 70 | 63 | 65 | 70 | 61 | 52 | 61 | 67 | 65 | 57 | 60 | 50 | 44 | 54 | 63 | 66 | — | — | — | |||||||
| NVIDIA Corp. | 67 | 63 | 59 | 60 | 57 | 53 | 63 | 58 | 59 | 55 | 53 | 56 | 42 | 44 | — | — | — | — | — | — | — | |||||||
| ON Semiconductor Corp. | 39 | 37 | 39 | 55 | 46 | 44 | 41 | 41 | 46 | 47 | 51 | 46 | 44 | 47 | — | — | — | — | — | — | — | |||||||
| Texas Instruments Inc. | 35 | 35 | 37 | 41 | 35 | 34 | 34 | 35 | 37 | 36 | 37 | 31 | 34 | 27 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 10.13 = 36
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 Q3 2022 to Q4 2022 but then slightly improved from Q4 2022 to Q1 2023. |
Operating Cycle
Monolithic Power Systems Inc., operating cycle calculation (quarterly data)
No. days
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||
| Average inventory processing period | 202 | 219 | 208 | 209 | 200 | 181 | 157 | 140 | 153 | 151 | 155 | 180 | 164 | 165 | 180 | 193 | 196 | 192 | — | — | — | |||||||
| Average receivable collection period | 36 | 37 | 34 | 31 | 33 | 32 | 26 | 27 | 33 | 29 | 44 | 29 | 30 | 31 | 35 | 33 | 36 | 35 | — | — | — | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||
| Operating cycle1 | 238 | 256 | 242 | 240 | 233 | 213 | 183 | 167 | 186 | 180 | 199 | 209 | 194 | 196 | 215 | 226 | 232 | 227 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Operating Cycle, Competitors2 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 184 | 170 | 170 | 155 | 162 | 144 | 143 | 144 | 166 | 171 | 188 | 199 | 179 | 194 | — | — | — | — | — | — | — | |||||||
| Analog Devices Inc. | 176 | 169 | 153 | 157 | 171 | 230 | 161 | 164 | 167 | 164 | 162 | 152 | 148 | 152 | 159 | 151 | 151 | 147 | — | — | — | |||||||
| Applied Materials Inc. | 232 | 243 | 223 | 212 | 198 | 207 | 195 | 200 | 204 | 213 | 222 | 219 | 215 | 217 | 213 | 205 | 199 | 198 | — | — | — | |||||||
| Broadcom Inc. | 95 | 96 | 93 | 95 | 86 | 73 | 71 | 70 | 70 | 70 | 80 | 85 | 93 | 85 | 98 | 96 | 102 | 99 | — | — | — | |||||||
| Intel Corp. | 161 | 157 | 165 | 151 | 156 | 156 | 143 | 128 | 122 | 122 | 133 | 132 | 151 | 146 | — | — | — | — | — | — | — | |||||||
| KLA Corp. | 299 | 290 | 282 | 285 | 283 | 276 | 270 | 280 | 269 | 265 | 264 | 279 | 299 | 326 | 371 | 295 | 299 | 294 | — | — | — | |||||||
| Lam Research Corp. | 256 | 246 | 221 | 201 | 203 | 202 | 208 | 224 | 209 | 204 | 200 | 185 | 167 | 161 | 158 | 169 | 179 | 188 | — | — | — | |||||||
| Micron Technology Inc. | 237 | 205 | 189 | 179 | 166 | 165 | 159 | 158 | 194 | 205 | 202 | 196 | 197 | 197 | 187 | 181 | 174 | 171 | — | — | — | |||||||
| NVIDIA Corp. | 179 | 164 | 153 | 157 | 157 | 159 | 162 | 163 | 155 | 141 | 147 | 160 | 162 | 170 | — | — | — | — | — | — | — | |||||||
| ON Semiconductor Corp. | 193 | 176 | 177 | 195 | 181 | 169 | 163 | 166 | 176 | 176 | 184 | 179 | 173 | 174 | — | — | — | — | — | — | — | |||||||
| Texas Instruments Inc. | 225 | 196 | 180 | 174 | 162 | 151 | 149 | 152 | 164 | 173 | 188 | 188 | 177 | 167 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 202 + 36 = 238
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 Q3 2022 to Q4 2022 but then improved from Q4 2022 to Q1 2023 exceeding Q3 2022 level. |
Average Payables Payment Period
Monolithic Power Systems Inc., average payables payment period calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||
| Payables turnover | 13.43 | 12.13 | 8.85 | 8.07 | 7.93 | 6.29 | 6.71 | 7.86 | 7.30 | 9.92 | 7.25 | 6.83 | 7.75 | 10.33 | 9.09 | 10.21 | 9.74 | 11.45 | — | — | — | |||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||
| Average payables payment period1 | 27 | 30 | 41 | 45 | 46 | 58 | 54 | 46 | 50 | 37 | 50 | 53 | 47 | 35 | 40 | 36 | 37 | 32 | — | — | — | |||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||||
| Average Payables Payment Period, Competitors2 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 71 | 70 | 70 | 49 | 55 | 57 | 48 | 42 | 55 | 32 | 57 | 69 | 58 | 93 | — | — | — | — | — | — | — | |||||||
| Analog Devices Inc. | 45 | 47 | 43 | 41 | 45 | 58 | 47 | 50 | 42 | 43 | 41 | 37 | 40 | 42 | 41 | 38 | 41 | 48 | — | — | — | |||||||
| Broadcom Inc. | 30 | 33 | 24 | 37 | 37 | 37 | 33 | 29 | 31 | 29 | 39 | 44 | 36 | 31 | 36 | 28 | 27 | 29 | — | — | — | |||||||
| Intel Corp. | 85 | 97 | 70 | 79 | 74 | 60 | 72 | 63 | 56 | 59 | 55 | 55 | 55 | 51 | — | — | — | — | — | — | — | |||||||
| KLA Corp. | 46 | 45 | 46 | 43 | 47 | 45 | 41 | 38 | 38 | 39 | 37 | 40 | 39 | 40 | 46 | 36 | 38 | 43 | — | — | — | |||||||
| Lam Research Corp. | 43 | 39 | 41 | 39 | 36 | 39 | 39 | 41 | 41 | 40 | 35 | 32 | 29 | 26 | 27 | 21 | 24 | 32 | — | — | — | |||||||
| NVIDIA Corp. | 71 | 69 | 70 | 68 | 61 | 70 | 72 | 67 | 65 | 60 | 53 | 38 | 31 | 41 | — | — | — | — | — | — | — | |||||||
| ON Semiconductor Corp. | 83 | 73 | 69 | 71 | 65 | 58 | 55 | 58 | 61 | 59 | 56 | 54 | 52 | 56 | — | — | — | — | — | — | — | |||||||
| Qualcomm Inc. | 51 | 74 | 77 | 83 | 85 | 70 | 76 | 79 | 83 | 89 | 87 | 87 | 74 | 58 | 62 | 63 | 53 | 65 | — | — | — | |||||||
| Texas Instruments Inc. | 55 | 50 | 46 | 43 | 39 | 40 | 37 | 37 | 38 | 29 | 30 | 30 | 26 | 27 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 13.43 = 27
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 decreased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Cash Conversion Cycle
Monolithic Power Systems Inc., cash conversion cycle calculation (quarterly data)
No. days
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||
| Average inventory processing period | 202 | 219 | 208 | 209 | 200 | 181 | 157 | 140 | 153 | 151 | 155 | 180 | 164 | 165 | 180 | 193 | 196 | 192 | — | — | — | |||||||
| Average receivable collection period | 36 | 37 | 34 | 31 | 33 | 32 | 26 | 27 | 33 | 29 | 44 | 29 | 30 | 31 | 35 | 33 | 36 | 35 | — | — | — | |||||||
| Average payables payment period | 27 | 30 | 41 | 45 | 46 | 58 | 54 | 46 | 50 | 37 | 50 | 53 | 47 | 35 | 40 | 36 | 37 | 32 | — | — | — | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||
| Cash conversion cycle1 | 211 | 226 | 201 | 195 | 187 | 155 | 129 | 121 | 136 | 143 | 149 | 156 | 147 | 161 | 175 | 190 | 195 | 195 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Cash Conversion Cycle, Competitors2 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 113 | 100 | 100 | 106 | 107 | 87 | 95 | 102 | 111 | 139 | 131 | 130 | 121 | 101 | — | — | — | — | — | — | — | |||||||
| Analog Devices Inc. | 131 | 122 | 110 | 116 | 126 | 172 | 114 | 114 | 125 | 121 | 121 | 115 | 108 | 110 | 118 | 113 | 110 | 99 | — | — | — | |||||||
| Broadcom Inc. | 65 | 63 | 69 | 58 | 49 | 36 | 38 | 41 | 39 | 41 | 41 | 41 | 57 | 54 | 62 | 68 | 75 | 70 | — | — | — | |||||||
| Intel Corp. | 76 | 60 | 95 | 72 | 82 | 96 | 71 | 65 | 66 | 63 | 78 | 77 | 96 | 95 | — | — | — | — | — | — | — | |||||||
| KLA Corp. | 253 | 245 | 236 | 242 | 236 | 231 | 229 | 242 | 231 | 226 | 227 | 239 | 260 | 286 | 325 | 259 | 261 | 251 | — | — | — | |||||||
| Lam Research Corp. | 213 | 207 | 180 | 162 | 167 | 163 | 169 | 183 | 168 | 164 | 165 | 153 | 138 | 135 | 131 | 148 | 155 | 156 | — | — | — | |||||||
| NVIDIA Corp. | 108 | 95 | 83 | 89 | 96 | 89 | 90 | 96 | 90 | 81 | 94 | 122 | 131 | 129 | — | — | — | — | — | — | — | |||||||
| ON Semiconductor Corp. | 110 | 103 | 108 | 124 | 116 | 111 | 108 | 108 | 115 | 117 | 128 | 125 | 121 | 118 | — | — | — | — | — | — | — | |||||||
| Texas Instruments Inc. | 170 | 146 | 134 | 131 | 123 | 111 | 112 | 115 | 126 | 144 | 158 | 158 | 151 | 140 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 202 + 36 – 27 = 211
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 Q3 2022 to Q4 2022 but then improved from Q4 2022 to Q1 2023 not reaching Q3 2022 level. |