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On Semiconductor Corporation  (ON)
Other Ticker:  
 
    Sector  Technology    Industry Semiconductors
   Industry Semiconductors
   Sector  Technology

On Semiconductor's Working Capital Ratio

ON's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth


Current Liabilities decreased faster than On Semiconductor's Current Assets, this led to improvement in On Semiconductor's Working Capital Ratio to 2.71, above On Semiconductor Corporation average Working Capital Ratio.

Within Semiconductors industry 12 other companies have achieved higher Working Capital Ratio than On Semiconductor in forth quarter 2023. While Working Capital Ratio total ranking has improved so far during the IV Quarter 2023 to 164, from total ranking in the third quarter 2023 at 440.

Explain Working Capital Ratio
How much in Current Assets ONīs has?
What is the value of ONīs Current Liabilities?


ON Working Capital Ratio (Dec 31 2023)
IV. Quarter
(Sep 29 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities Change 6.62 % 41.37 % 44.38 % 64 % 32.64 %
Y / Y Current Assets Change 3.19 % 14.62 % 23.93 % 30.89 % 51.51 %
Working Capital Ratio MRQ 2.71 2.44 2.4 2.23 2.8
ON's Total Ranking # 164 # 440 # 1964 # 1746 # 1423
Seq. Current Liabilities Change -12.32 % 0.64 % -3.69 % 25.46 % 16.25 %
Seq. Current Assets Change -2.84 % 2.62 % 3.74 % -0.23 % 7.91 %



Working Capital Ratio forth quarter 2023 Company Ranking
Within: No.
Semiconductors Industry # 13
Technology Sector # 39
Overall Market # 164


Working Capital Ratio Statistics
High Average Low
3.01 2.03 1.46
(Sep 30 2022)   (Oct 02 2015)




Financial Statements
On Semiconductor's Current Liabilities $ 2,183 Millions Visit ON's Balance sheet
On Semiconductor's Current Assets $ 5,912 Millions Visit ON's Balance sheet
Source of ON's Sales Visit ON's Sales by Geography


Cumulative On Semiconductor's Working Capital Ratio

ON's Working Capital Ratio for the trailling 12 Months

ON Working Capital Ratio

(Dec 31 2023)
IV. Quarter
(Sep 29 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities TTM Growth 6.62 % 41.37 % 44.38 % 64 % 32.64 %
Y / Y Current Assets TTM Growth 3.19 % 14.62 % 23.93 % 30.89 % 51.51 %
Working Capital Ratio TTM 2.43 2.45 2.56 2.66 2.85
Total Ranking TTM # 471 # 1030 # 1397 # 1358 # 91
Seq. Current Liabilities TTM Growth -12.32 % 0.64 % -3.69 % 25.46 % 16.25 %
Seq. Current Assets TTM Growth -2.84 % 2.62 % 3.74 % -0.23 % 7.91 %


On the trailing twelve months basis Due to fall in Current Liabilities in the IV Quarter 2023 to $2,182.80 millions, cumulative Working Capital Ratio decreased to 2.43 above the ON average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Semiconductors industry 29 other companies have achieved higher Working Capital Ratio than On Semiconductor. While Working Capital Ratio overall ranking has improved so far to 471, from total ranking during the twelve months ending third quarter 2023 at 1030.

Explain Working Capital Ratio
How much in Current Assets ONīs has?
What is the value of ONīs Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Semiconductors Industry # 30
Technology Sector # 114
Within the Market # 471


trailing twelve months Working Capital Ratio Statistics
High Average Low
2.84 2.06 1.51
(Dec 31 2022)   (March 31, 2016)




Companies with similar Working Capital Ratio in the quarter ending Dec 31 2023, within Semiconductors Industry Working Capital RatioDec 31 2023 MRQ Current AssetsDec 31 2023 MRQ Current Liabilities
Macom Technology Solutions Holdings Inc   7.24 $ 744.951  Millions$ 102.869  Millions
Rambus Inc   7.08 $ 630.645  Millions$ 89.121  Millions
Nlight Inc   6.73 $ 220.554  Millions$ 32.752  Millions
Cirrus Logic Inc   6.64 $ 1,185.385  Millions$ 178.594  Millions
Micropac Industries Inc   6.51 $ 30.733  Millions$ 4.723  Millions
Kulicke And Soffa Industries Inc   6.50 $ 1,177.653  Millions$ 181.288  Millions
Enphase Energy Inc   5.90 $ 2,443.518  Millions$ 414.149  Millions
Atomera Incorporated  5.35 $ 20.404  Millions$ 3.814  Millions
Pixelworks Inc  5.26 $ 64.725  Millions$ 12.297  Millions
Magnachip Semiconductor Corporation  5.23 $ 245.434  Millions$ 46.888  Millions
Skyworks Solutions Inc   5.02 $ 3,086.600  Millions$ 615.100  Millions
Applied Materials Inc  4.88 $ 19,182.000  Millions$ 3,929.000  Millions
Silicon Laboratories inc   4.57 $ 737.931  Millions$ 161.453  Millions
Ichor Holdings Ltd   4.48 $ 401.365  Millions$ 89.499  Millions
Formfactor inc   4.38 $ 573.780  Millions$ 131.095  Millions
Photronics Inc   4.36 $ 807.677  Millions$ 185.289  Millions
Nvidia Corp  4.17 $ 44,345.000  Millions$ 10,631.000  Millions
Navitas Semiconductor Corporation  4.14 $ 208.482  Millions$ 50.384  Millions
Gsi Technology Inc  3.91 $ 31.535  Millions$ 8.074  Millions
Viavi Solutions Inc   3.84 $ 965.300  Millions$ 251.300  Millions
Wolfspeed Inc   3.79 $ 2,541.700  Millions$ 671.200  Millions
Lattice Semiconductor Corp  3.78 $ 367.946  Millions$ 97.400  Millions
Solaredge Technologies Inc   3.70 $ 3,304.306  Millions$ 893.231  Millions
First Solar Inc   3.55 $ 4,634.809  Millions$ 1,306.158  Millions
Micron Technology Inc   3.53 $ 21,058.000  Millions$ 5,962.000  Millions
Stmicroelectronics N v   3.17 $ 11,807.000  Millions$ 3,730.000  Millions
Emcore Corporation  3.11 $ 85.815  Millions$ 27.616  Millions
On Semiconductor Corporation  2.71 $ 5,912.300  Millions$ 2,182.800  Millions
Smart Global Holdings Inc   2.68 $ 986.848  Millions$ 368.804  Millions
Key Tronic Corporation  2.64 $ 312.281  Millions$ 118.366  Millions

Date modified: 2024-02-05T17:25:58+00:00



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