Micron Technology Inc (MU)

Activity ratios

Short-term

Turnover ratios

	Aug 29, 2024	May 30, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	Jun 1, 2023	Mar 2, 2023	Dec 1, 2022	Sep 1, 2022	Jun 2, 2022	Mar 3, 2022	Dec 2, 2021	Sep 2, 2021	Jun 3, 2021	Mar 4, 2021	Dec 3, 2020	Sep 3, 2020	May 28, 2020	Feb 27, 2020	Nov 28, 2019
Inventory turnover	2.35	1.83	2.33	2.39	2.17	2.73	2.21	2.05	2.72	3.27	3.44	3.92	4.18	4.08	3.67	2.95	2.99	2.82	2.78	2.83
Receivables turnover	3.80	4.07	5.33	7.07	8.29	9.47	10.04	8.13	5.95	5.16	5.74	5.60	5.19	5.98	6.95	5.93	5.44	5.59	6.40	6.02
Payables turnover	6.86	6.35	8.44	9.75	8.66	—	—	—	6.91	—	—	—	8.98	—	—	—	6.81	6.20	6.45	6.70
Working capital turnover	1.66	1.27	1.33	1.38	1.23	1.38	1.37	1.65	2.14	2.05	2.12	2.15	2.04	1.93	1.97	2.02	1.88	1.72	1.92	2.09

The activity ratios for Micron Technology Inc indicate the company's efficiency in managing its assets and liabilities over time.

1. Inventory turnover: The ratio shows a fluctuating trend, ranging from 1.83 to 4.18, with the latest value at 2.35. Although there is volatility, the company generally turns over its inventory efficiently.

2. Receivables turnover: This ratio depicts a varying trend, ranging from 3.80 to 10.04, with the latest figure at 4.07. Micron has been able to collect receivables at a reasonable rate, although there have been fluctuations in collection efficiency.

3. Payables turnover: With values between 6.20 and 9.75, the company has been managing its payables efficiently. The latest figure stands at 6.35, indicating a stable trend in the turnover of payables.

4. Working capital turnover: This ratio has shown fluctuations between 1.23 and 2.14, with the most recent value at 1.66. The efficiency of utilizing working capital seems to be moderate, with some variability observed over the periods analyzed.

Overall, Micron Technology Inc has exhibited a mixed performance in terms of activity ratios, with some ratios showing stability in efficiency while others displaying volatility. Monitoring these ratios can provide insights into the company's operational effectiveness and financial health.

Average number of days

		Aug 29, 2024	May 30, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	Jun 1, 2023	Mar 2, 2023	Dec 1, 2022	Sep 1, 2022	Jun 2, 2022	Mar 3, 2022	Dec 2, 2021	Sep 2, 2021	Jun 3, 2021	Mar 4, 2021	Dec 3, 2020	Sep 3, 2020	May 28, 2020	Feb 27, 2020	Nov 28, 2019
Days of inventory on hand (DOH)	days	155.40	199.66	156.97	152.48	167.85	133.70	164.93	177.86	134.25	111.52	106.07	93.01	87.24	89.55	99.37	123.54	122.25	129.55	131.29	128.91
Days of sales outstanding (DSO)	days	95.99	89.73	68.48	51.59	44.01	38.56	36.35	44.87	61.36	70.73	63.56	65.23	70.38	61.02	52.48	61.59	67.08	65.30	57.03	60.67
Number of days of payables	days	53.21	57.51	43.26	37.42	42.13	—	—	—	52.85	—	—	—	40.64	—	—	—	53.63	58.84	56.59	54.50

Days of inventory on hand (DOH) measures how efficiently a company manages its inventory. A lower DOH indicates faster turnover of inventory, which is typically positive. Micron Technology's DOH has fluctuated over the periods, with a peak of 199.66 days in May 30, 2024, and a low of 87.24 days in Dec 2, 2021.

Days of sales outstanding (DSO) reflects the average number of days it takes for the company to collect revenue after a sale is made. A lower DSO is generally better as it indicates faster cash collection. Micron Technology's DSO has varied, with the lowest figure of 36.35 days in Mar 2, 2023, and the highest of 95.99 days in Aug 29, 2024.

Number of days of payables highlights how long a company takes to pay its suppliers. Generally, a longer payable period is favorable as it allows the company to hold onto cash longer. Micron Technology has shown inconsistencies in its payable period, with values ranging from 37.42 days in Nov 30, 2023, to 58.84 days in Sep 3, 2020.

In summary, Micron Technology's activity ratios have shown fluctuations over the periods, indicating varying efficiency in managing its inventory, collecting receivables, and paying suppliers. Monitoring these ratios over time can provide insights into the company's operational effectiveness and cash management practices.

Long-term

	Aug 29, 2024	May 30, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	Jun 1, 2023	Mar 2, 2023	Dec 1, 2022	Sep 1, 2022	Jun 2, 2022	Mar 3, 2022	Dec 2, 2021	Sep 2, 2021	Jun 3, 2021	Mar 4, 2021	Dec 3, 2020	Sep 3, 2020	May 28, 2020	Feb 27, 2020	Nov 28, 2019
Fixed asset turnover	0.67	0.58	0.64	0.58	0.55	0.61	0.60	0.70	0.81	0.90	0.88	0.86	0.85	0.80	0.74	0.69	0.70	0.67	0.66	0.70
Total asset turnover	0.36	0.32	0.35	0.33	0.32	0.35	0.34	0.40	0.46	0.49	0.49	0.48	0.47	0.45	0.43	0.41	0.40	0.39	0.39	0.41

The fixed asset turnover ratio of Micron Technology Inc has shown some fluctuation over the past few quarters, ranging from 0.55 to 0.90. This ratio indicates that the company is generating sales revenue relative to its investment in fixed assets, with a higher ratio suggesting more efficient utilization of fixed assets to generate revenue.

On the other hand, the total asset turnover ratio has also varied but generally remained at lower levels, ranging from 0.32 to 0.49. This ratio reflects the company's ability to generate sales in relation to its total assets, with a higher ratio indicating better efficiency in utilizing all assets to generate revenue.

Overall, both ratios seem to indicate that Micron Technology Inc has been relatively efficient in generating revenue from its assets over the analyzed period. However, the company may need to focus on improving its total asset turnover to further enhance its operational efficiency and profitability.