Analysis of Long-term (Investment) Activity Ratios
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)
Fiserv Inc., long-term (investment) activity ratios
Based on: 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), 10-K (reporting date: 2017-12-31).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Fiserv Inc. net fixed asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |
| 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). | Fiserv Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2019 to 2020 and from 2020 to 2021. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Fiserv Inc. total asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Fiserv Inc. equity turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |
Net Fixed Asset Turnover
Fiserv Inc., net fixed asset turnover calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenue | 16,226) | 14,852) | 10,187) | 5,823) | 5,696) | |
| Property and equipment, net | 1,742) | 1,628) | 1,606) | 398) | 390) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover1 | 9.31 | 9.12 | 6.34 | 14.63 | 14.61 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||
| Accenture PLC | 30.83 | 28.68 | 31.06 | — | — | |
| Adobe Inc. | 9.44 | 8.48 | 8.64 | 8.40 | — | |
| Autodesk Inc. | 19.66 | 20.25 | 17.17 | — | — | |
| Cadence Design Systems Inc. | 9.77 | 8.62 | 8.47 | — | — | |
| CrowdStrike Holdings Inc. | 5.24 | 3.54 | — | — | — | |
| International Business Machines Corp. | 10.07 | 7.33 | 7.71 | — | — | |
| Intuit Inc. | 12.35 | 10.46 | 8.70 | — | — | |
| Microsoft Corp. | 2.81 | 3.24 | 3.45 | — | — | |
| Oracle Corp. | 5.74 | 6.26 | 6.32 | — | — | |
| Palo Alto Networks Inc. | 13.37 | 9.79 | 9.80 | — | — | |
| Salesforce Inc. | 8.64 | 7.20 | 6.48 | — | — | |
| ServiceNow Inc. | 7.70 | 6.85 | 7.39 | — | — | |
| Synopsys Inc. | 8.90 | 7.62 | 7.82 | 10.09 | — | |
| Net Fixed Asset Turnover, Sector | ||||||
| Software & Services | 4.74 | 5.18 | 5.54 | — | — | |
| Net Fixed Asset Turnover, Industry | ||||||
| Information Technology | 4.45 | 4.24 | 4.29 | — | — | |
Based on: 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), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Net fixed asset turnover = Revenue ÷ Property and equipment, net
= 16,226 ÷ 1,742 = 9.31
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Fiserv Inc. net fixed asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Fiserv Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenue | 16,226) | 14,852) | 10,187) | 5,823) | 5,696) | |
| Property and equipment, net | 1,742) | 1,628) | 1,606) | 398) | 390) | |
| Operating lease assets (included within Other long-term assets) | 575) | 504) | 684) | —) | —) | |
| Property and equipment, net (including operating lease, right-of-use asset) | 2,317) | 2,132) | 2,290) | 398) | 390) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 7.00 | 6.97 | 4.45 | 14.63 | 14.61 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | ||||||
| Accenture PLC | 10.48 | 9.37 | 31.06 | — | — | |
| Adobe Inc. | 7.46 | 6.42 | 8.64 | 8.40 | — | |
| Autodesk Inc. | 6.22 | 5.45 | 17.17 | — | — | |
| Cadence Design Systems Inc. | 6.85 | 6.04 | 6.21 | — | — | |
| CrowdStrike Holdings Inc. | 4.30 | 3.54 | — | — | — | |
| International Business Machines Corp. | 6.43 | 5.00 | 5.14 | — | — | |
| Intuit Inc. | 8.30 | 8.00 | 8.70 | — | — | |
| Microsoft Corp. | 2.37 | 2.70 | 2.87 | — | — | |
| Oracle Corp. | 4.20 | 4.74 | 6.32 | — | — | |
| Palo Alto Networks Inc. | 7.32 | 5.62 | 9.80 | — | — | |
| Salesforce Inc. | 3.75 | 3.16 | 6.48 | — | — | |
| ServiceNow Inc. | 4.34 | 4.06 | 3.98 | — | — | |
| Synopsys Inc. | 4.35 | 3.88 | 7.82 | 10.09 | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | ||||||
| Software & Services | 3.59 | 3.83 | 4.56 | — | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | ||||||
| Information Technology | 3.79 | 3.60 | 4.00 | — | — | |
Based on: 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), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenue ÷ Property and equipment, net (including operating lease, right-of-use asset)
= 16,226 ÷ 2,317 = 7.00
2 Click competitor name to see calculations.
| 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). | Fiserv Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2019 to 2020 and from 2020 to 2021. |
Total Asset Turnover
Fiserv Inc., total asset turnover calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenue | 16,226) | 14,852) | 10,187) | 5,823) | 5,696) | |
| Total assets | 76,249) | 74,619) | 77,539) | 11,262) | 10,289) | |
| Long-term Activity Ratio | ||||||
| Total asset turnover1 | 0.21 | 0.20 | 0.13 | 0.52 | 0.55 | |
| Benchmarks | ||||||
| Total Asset Turnover, Competitors2 | ||||||
| Accenture PLC | 1.17 | 1.20 | 1.45 | — | — | |
| Adobe Inc. | 0.58 | 0.53 | 0.54 | 0.48 | — | |
| Autodesk Inc. | 0.52 | 0.53 | 0.54 | — | — | |
| Cadence Design Systems Inc. | 0.68 | 0.68 | 0.70 | — | — | |
| CrowdStrike Holdings Inc. | 0.32 | 0.34 | — | — | — | |
| International Business Machines Corp. | 0.43 | 0.47 | 0.51 | — | — | |
| Intuit Inc. | 0.62 | 0.70 | 1.08 | — | — | |
| Microsoft Corp. | 0.50 | 0.47 | 0.44 | — | — | |
| Oracle Corp. | 0.31 | 0.34 | 0.36 | — | — | |
| Palo Alto Networks Inc. | 0.42 | 0.38 | 0.44 | — | — | |
| Salesforce Inc. | 0.32 | 0.31 | 0.43 | — | — | |
| ServiceNow Inc. | 0.55 | 0.52 | 0.57 | — | — | |
| Synopsys Inc. | 0.48 | 0.46 | 0.52 | 0.51 | — | |
| Total Asset Turnover, Sector | ||||||
| Software & Services | 0.49 | 0.48 | 0.50 | — | — | |
| Total Asset Turnover, Industry | ||||||
| Information Technology | 0.61 | 0.57 | 0.58 | — | — | |
Based on: 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), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Total asset turnover = Revenue ÷ Total assets
= 16,226 ÷ 76,249 = 0.21
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Fiserv Inc. total asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |
Equity Turnover
Fiserv Inc., equity turnover calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenue | 16,226) | 14,852) | 10,187) | 5,823) | 5,696) | |
| Total Fiserv, Inc. shareholders’ equity | 30,952) | 32,330) | 32,979) | 2,293) | 2,731) | |
| Long-term Activity Ratio | ||||||
| Equity turnover1 | 0.52 | 0.46 | 0.31 | 2.54 | 2.09 | |
| Benchmarks | ||||||
| Equity Turnover, Competitors2 | ||||||
| Accenture PLC | 2.59 | 2.61 | 3.00 | — | — | |
| Adobe Inc. | 1.07 | 0.97 | 1.06 | 0.96 | — | |
| Autodesk Inc. | 3.93 | — | — | — | — | |
| Cadence Design Systems Inc. | 1.09 | 1.08 | 1.11 | — | — | |
| CrowdStrike Holdings Inc. | 1.00 | 0.65 | — | — | — | |
| International Business Machines Corp. | 3.03 | 3.57 | 3.70 | — | — | |
| Intuit Inc. | 0.98 | 1.50 | 1.81 | — | — | |
| Microsoft Corp. | 1.18 | 1.21 | 1.23 | — | — | |
| Oracle Corp. | 7.73 | 3.24 | 1.81 | — | — | |
| Palo Alto Networks Inc. | 6.71 | 3.09 | 1.83 | — | — | |
| Salesforce Inc. | 0.51 | 0.50 | 0.85 | — | — | |
| ServiceNow Inc. | 1.60 | 1.59 | 1.63 | — | — | |
| Synopsys Inc. | 0.79 | 0.75 | 0.82 | 0.90 | — | |
| Equity Turnover, Sector | ||||||
| Software & Services | 1.45 | 1.53 | 1.67 | — | — | |
| Equity Turnover, Industry | ||||||
| Information Technology | 1.66 | 1.64 | 1.65 | — | — | |
Based on: 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), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Equity turnover = Revenue ÷ Total Fiserv, Inc. shareholders’ equity
= 16,226 ÷ 30,952 = 0.52
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Fiserv Inc. equity turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |