Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.

Long-term Activity Ratios (Summary)
Net Fixed Asset Turnover
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Total Asset Turnover
Equity Turnover

CoStar Group Inc., long-term (investment) activity ratios

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Net fixed asset turnover	6.79	7.16	13.13	13.02	14.31
Net fixed asset turnover (including operating lease, right-of-use asset)	5.43	5.22	7.06	6.29	14.31
Total asset turnover	0.26	0.27	0.24	0.36	0.36
Equity turnover	0.32	0.34	0.31	0.41	0.39

Based on: 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), 10-K (reporting date: 2018-12-31).

Download chart

Long-term activity ratio	Description	The company
Net fixed asset turnover	An activity ratio calculated as total revenue divided by net fixed assets.	CoStar Group Inc. net fixed asset turnover ratio deteriorated from 2020 to 2021 and from 2021 to 2022.
Net fixed asset turnover (including operating lease, right-of-use asset)	An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset).	CoStar Group Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	CoStar Group Inc. total asset turnover ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022.
Equity turnover	An activity ratio calculated as total revenue divided by shareholders’ equity.	CoStar Group Inc. equity turnover ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.

CoStar Group Inc., net fixed asset turnover calculation, comparison to benchmarks

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Selected Financial Data (US$ in thousands)
Revenues	2,182,399)	1,944,135)	1,659,019)	1,399,719)	1,191,832)
Property and equipment, net	321,250)	271,431)	126,325)	107,529)	83,303)
Long-term Activity Ratio
Net fixed asset turnover¹	6.79	7.16	13.13	13.02	14.31
Benchmarks
Net Fixed Asset Turnover, Industry
Industrials	3.22	3.04	2.41	2.76	—

Based on: 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), 10-K (reporting date: 2018-12-31).

¹ 2022 Calculation
Net fixed asset turnover = Revenues ÷ Property and equipment, net
= 2,182,399 ÷ 321,250 = 6.79

Download chart

Long-term activity ratio	Description	The company
Net fixed asset turnover	An activity ratio calculated as total revenue divided by net fixed assets.	CoStar Group Inc. net fixed asset turnover ratio deteriorated from 2020 to 2021 and from 2021 to 2022.

CoStar Group Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Selected Financial Data (US$ in thousands)
Revenues	2,182,399)	1,944,135)	1,659,019)	1,399,719)	1,191,832)

Property and equipment, net	321,250)	271,431)	126,325)	107,529)	83,303)
Lease right-of-use assets	80,392)	100,680)	108,740)	115,084)	—)
Property and equipment, net (including operating lease, right-of-use asset)	401,642)	372,111)	235,065)	222,613)	83,303)
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)¹	5.43	5.22	7.06	6.29	14.31
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Industrials	2.77	2.62	2.13	2.57	—

Based on: 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), 10-K (reporting date: 2018-12-31).

¹ 2022 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenues ÷ Property and equipment, net (including operating lease, right-of-use asset)
= 2,182,399 ÷ 401,642 = 5.43

Download chart

Long-term activity ratio	Description	The company
Net fixed asset turnover (including operating lease, right-of-use asset)	An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset).	CoStar Group Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.

CoStar Group Inc., total asset turnover calculation, comparison to benchmarks

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Selected Financial Data (US$ in thousands)
Revenues	2,182,399)	1,944,135)	1,659,019)	1,399,719)	1,191,832)
Total assets	8,402,470)	7,256,871)	6,915,420)	3,853,986)	3,312,957)
Long-term Activity Ratio
Total asset turnover¹	0.26	0.27	0.24	0.36	0.36
Benchmarks
Total Asset Turnover, Industry
Industrials	0.66	0.60	0.51	0.61	—

Based on: 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), 10-K (reporting date: 2018-12-31).

¹ 2022 Calculation
Total asset turnover = Revenues ÷ Total assets
= 2,182,399 ÷ 8,402,470 = 0.26

Download chart

Long-term activity ratio	Description	The company
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	CoStar Group Inc. total asset turnover ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022.

CoStar Group Inc., equity turnover calculation, comparison to benchmarks

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Selected Financial Data (US$ in thousands)
Revenues	2,182,399)	1,944,135)	1,659,019)	1,399,719)	1,191,832)
Stockholders’ equity	6,870,121)	5,711,672)	5,375,359)	3,405,593)	3,021,942)
Long-term Activity Ratio
Equity turnover¹	0.32	0.34	0.31	0.41	0.39
Benchmarks
Equity Turnover, Industry
Industrials	2.94	2.58	2.75	3.53	—

Based on: 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), 10-K (reporting date: 2018-12-31).

¹ 2022 Calculation
Equity turnover = Revenues ÷ Stockholders’ equity
= 2,182,399 ÷ 6,870,121 = 0.32

Download chart

Long-term activity ratio	Description	The company
Equity turnover	An activity ratio calculated as total revenue divided by shareholders’ equity.	CoStar Group Inc. equity turnover ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.

CoStar Group Inc. (NASDAQ:CSGP)

Analysis of Long-term (Investment) Activity Ratios

Long-term Activity Ratios (Summary)

Net Fixed Asset Turnover

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

Total Asset Turnover

Equity Turnover