Analysis of Reportable Segments
ON Semiconductor Corp. operates in 3 segments: Power Solutions Group (PSG); Advanced Solutions Group (ASG); and Intelligent Sensing Group (ISG).
Segment Profit Margin
ON Semiconductor Corp., profit margin by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Power Solutions Group (PSG) | 47.46% | 47.39% | 38.33% | 30.76% | 35.00% |
| Advanced Solutions Group (ASG) | 45.49% | 51.90% | 43.99% | 38.24% | 40.30% |
| Intelligent Sensing Group (ISG) | 48.67% | 47.65% | 37.79% | 32.19% | 36.37% |
Based on: 10-K (reporting date: 2023-12-31), 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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Power Solutions Group (PSG) | Power Solutions Group (PSG) segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Advanced Solutions Group (ASG) | Advanced Solutions Group (ASG) segment profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. | |
| Intelligent Sensing Group (ISG) | Intelligent Sensing Group (ISG) segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Power Solutions Group (PSG)
ON Semiconductor Corp.; Power Solutions Group (PSG); segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Segment gross profit | 2,111,300) | 1,994,300) | 1,318,300) | 801,700) | 976,000) |
| Revenue from external customers | 4,449,000) | 4,208,200) | 3,439,100) | 2,606,100) | 2,788,300) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 47.46% | 47.39% | 38.33% | 30.76% | 35.00% |
Based on: 10-K (reporting date: 2023-12-31), 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).
1 2023 Calculation
Segment profit margin = 100 × Segment gross profit ÷ Revenue from external customers
= 100 × 2,111,300 ÷ 4,449,000 = 47.46%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Power Solutions Group (PSG) | Power Solutions Group (PSG) segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Advanced Solutions Group (ASG)
ON Semiconductor Corp.; Advanced Solutions Group (ASG); segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Segment gross profit | 1,131,900) | 1,474,500) | 1,055,600) | 730,500) | 794,800) |
| Revenue from external customers | 2,488,500) | 2,841,300) | 2,399,900) | 1,910,400) | 1,972,300) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 45.49% | 51.90% | 43.99% | 38.24% | 40.30% |
Based on: 10-K (reporting date: 2023-12-31), 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).
1 2023 Calculation
Segment profit margin = 100 × Segment gross profit ÷ Revenue from external customers
= 100 × 1,131,900 ÷ 2,488,500 = 45.49%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Advanced Solutions Group (ASG) | Advanced Solutions Group (ASG) segment profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Segment Profit Margin: Intelligent Sensing Group (ISG)
ON Semiconductor Corp.; Intelligent Sensing Group (ISG); segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Segment gross profit | 640,300) | 608,400) | 340,400) | 237,700) | 275,400) |
| Revenue from external customers | 1,315,500) | 1,276,700) | 900,800) | 738,500) | 757,300) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 48.67% | 47.65% | 37.79% | 32.19% | 36.37% |
Based on: 10-K (reporting date: 2023-12-31), 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).
1 2023 Calculation
Segment profit margin = 100 × Segment gross profit ÷ Revenue from external customers
= 100 × 640,300 ÷ 1,315,500 = 48.67%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Intelligent Sensing Group (ISG) | Intelligent Sensing Group (ISG) segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
Revenue from external customers
ON Semiconductor Corp., revenue from external customers by reportable segment
US$ in thousands
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Power Solutions Group (PSG) | 4,449,000) | 4,208,200) | 3,439,100) | 2,606,100) | 2,788,300) |
| Advanced Solutions Group (ASG) | 2,488,500) | 2,841,300) | 2,399,900) | 1,910,400) | 1,972,300) |
| Intelligent Sensing Group (ISG) | 1,315,500) | 1,276,700) | 900,800) | 738,500) | 757,300) |
| Total | 8,253,000) | 8,326,200) | 6,739,800) | 5,255,000) | 5,517,900) |
Based on: 10-K (reporting date: 2023-12-31), 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).
Segment gross profit
ON Semiconductor Corp., segment gross profit by reportable segment
US$ in thousands
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Power Solutions Group (PSG) | 2,111,300) | 1,994,300) | 1,318,300) | 801,700) | 976,000) |
| Advanced Solutions Group (ASG) | 1,131,900) | 1,474,500) | 1,055,600) | 730,500) | 794,800) |
| Intelligent Sensing Group (ISG) | 640,300) | 608,400) | 340,400) | 237,700) | 275,400) |
| Total | 3,883,500) | 4,077,200) | 2,714,300) | 1,769,900) | 2,046,200) |
Based on: 10-K (reporting date: 2023-12-31), 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).