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
Quarterly Data

Microsoft Excel

Short-term Activity Ratios (Summary)

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

Microsoft Excel
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
Turnover Ratios
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
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
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
Working capital turnover 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
Average No. Days
Average inventory processing period 202 219 208 209 200 181 157 140 153 151 155 180 164 165 180 193 196 192
Add: Average receivable collection period 36 37 34 31 33 32 26 27 33 29 44 29 30 31 35 33 36 35
Operating cycle 238 256 242 240 233 213 183 167 186 180 199 209 194 196 215 226 232 227
Less: Average payables payment period 27 30 41 45 46 58 54 46 50 37 50 53 47 35 40 36 37 32
Cash conversion cycle 211 226 201 195 187 155 129 121 136 143 149 156 147 161 175 190 195 195

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)

Microsoft Excel
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
First Solar Inc. 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
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
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
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
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
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)

Microsoft Excel
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
First Solar Inc. 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
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
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
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
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
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)

Microsoft Excel
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
First Solar Inc. 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
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
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
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
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)

Microsoft Excel
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
First Solar Inc. 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
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
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
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
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
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)

Microsoft Excel
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
First Solar Inc. 104 89 130 140 159 111 119 102 91 102 78 78 72 64
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
Lam Research Corp. 163 155 140 126 124 126 131 135 132 128 117 107 104 106
Micron Technology Inc. 192 144 119 116 101 95 98 106 133 138 137 139 137 147
NVIDIA Corp. 112 101 94 97 100 106 99 105 96 86 94 104 120 126
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)

Microsoft Excel
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
First Solar Inc. 39 45 47 67 43 54 35 72 97 36 23 34 35 57
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
Lam Research Corp. 93 91 81 75 79 76 77 89 77 76 83 78 63 55
Micron Technology Inc. 45 61 70 63 65 70 61 52 61 67 65 57 60 50
NVIDIA Corp. 67 63 59 60 57 53 63 58 59 55 53 56 42 44
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

Microsoft Excel
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
First Solar Inc. 143 134 177 207 202 165 154 174 188 138 101 112 107 121
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
Lam Research Corp. 256 246 221 201 203 202 208 224 209 204 200 185 167 161
Micron Technology Inc. 237 205 189 179 166 165 159 158 194 205 202 196 197 197
NVIDIA Corp. 179 164 153 157 157 159 162 163 155 141 147 160 162 170
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)

Microsoft Excel
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
First Solar Inc. 40 49 30 28 28 32 31 25 31 33 21 24 26 32
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
Lam Research Corp. 43 39 41 39 36 39 39 41 41 40 35 32 29 26
NVIDIA Corp. 71 69 70 68 61 70 72 67 65 60 53 38 31 41
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

Microsoft Excel
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
First Solar Inc. 103 85 147 179 174 133 123 149 157 105 80 88 81 89
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
Lam Research Corp. 213 207 180 162 167 163 169 183 168 164 165 153 138 135
NVIDIA Corp. 108 95 83 89 96 89 90 96 90 81 94 122 131 129
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 + 3627 = 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.