Texas Instruments Incorporated (TXN)

Activity ratios

	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Inventory turnover	1.58	1.45	1.63	2.27	3.12
Receivables turnover	9.01	9.10	9.80	10.57	10.78
Payables turnover	10.05	7.98	8.10	7.35	10.45
Working capital turnover	1.67	1.37	1.48	1.81	1.65

		Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Days of inventory on hand (DOH)	days	230.75	252.38	224.56	160.83	116.81
Days of sales outstanding (DSO)	days	40.52	40.11	37.23	34.54	33.85
Number of days of payables	days	36.31	45.72	45.04	49.64	34.92

	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Fixed asset turnover	—	—	—	2.91	3.57
Total asset turnover	0.51	0.44	0.54	0.74	0.74