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)
O’Reilly Automotive 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. | O’Reilly Automotive 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). | O’Reilly Automotive 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. | O’Reilly Automotive Inc. total asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |
Net Fixed Asset Turnover
O’Reilly Automotive 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 thousands) | ||||||
| Sales | 13,327,563) | 11,604,493) | 10,149,985) | 9,536,428) | 8,977,726) | |
| Net property and equipment | 4,213,515) | 4,094,918) | 3,948,203) | 3,587,002) | 3,343,806) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover1 | 3.16 | 2.83 | 2.57 | 2.66 | 2.68 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||
| Amazon.com Inc. | 2.93 | 3.41 | 3.86 | — | — | |
| Home Depot Inc. | 5.35 | 4.84 | 4.84 | — | — | |
| Lowe’s Cos. Inc. | 4.68 | 3.86 | 3.87 | — | — | |
| TJX Cos. Inc. | 6.38 | 7.83 | 7.42 | — | — | |
| Net Fixed Asset Turnover, Sector | ||||||
| Consumer Discretionary Distribution & Retail | 3.46 | 3.82 | 4.20 | — | — | |
| Net Fixed Asset Turnover, Industry | ||||||
| Consumer Discretionary | 3.31 | 3.37 | 3.71 | — | — | |
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 = Sales ÷ Net property and equipment
= 13,327,563 ÷ 4,213,515 = 3.16
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. | O’Reilly Automotive 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)
O’Reilly Automotive 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 thousands) | ||||||
| Sales | 13,327,563) | 11,604,493) | 10,149,985) | 9,536,428) | 8,977,726) | |
| Net property and equipment | 4,213,515) | 4,094,918) | 3,948,203) | 3,587,002) | 3,343,806) | |
| Operating lease, right-of-use assets | 1,982,478) | 1,995,127) | 1,928,369) | —) | —) | |
| Net property and equipment (including operating lease, right-of-use asset) | 6,195,993) | 6,090,045) | 5,876,572) | 3,587,002) | 3,343,806) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 2.15 | 1.91 | 1.73 | 2.66 | 2.68 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | ||||||
| Amazon.com Inc. | 2.17 | 2.56 | 2.87 | — | — | |
| Home Depot Inc. | 4.31 | 3.89 | 4.84 | — | — | |
| Lowe’s Cos. Inc. | 3.90 | 3.20 | 3.87 | — | — | |
| TJX Cos. Inc. | 2.29 | 2.90 | 7.42 | — | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | ||||||
| Consumer Discretionary Distribution & Retail | 2.55 | 2.83 | 3.47 | — | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | ||||||
| Consumer Discretionary | 2.51 | 2.57 | 3.13 | — | — | |
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) = Sales ÷ Net property and equipment (including operating lease, right-of-use asset)
= 13,327,563 ÷ 6,195,993 = 2.15
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). | O’Reilly Automotive 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
O’Reilly Automotive 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 thousands) | ||||||
| Sales | 13,327,563) | 11,604,493) | 10,149,985) | 9,536,428) | 8,977,726) | |
| Total assets | 11,718,707) | 11,596,642) | 10,717,160) | 7,980,789) | 7,571,885) | |
| Long-term Activity Ratio | ||||||
| Total asset turnover1 | 1.14 | 1.00 | 0.95 | 1.19 | 1.19 | |
| Benchmarks | ||||||
| Total Asset Turnover, Competitors2 | ||||||
| Amazon.com Inc. | 1.12 | 1.20 | 1.25 | — | — | |
| Home Depot Inc. | 1.87 | 2.15 | 2.46 | — | — | |
| Lowe’s Cos. Inc. | 1.92 | 1.83 | 2.07 | — | — | |
| TJX Cos. Inc. | 1.04 | 1.73 | 2.72 | — | — | |
| Total Asset Turnover, Sector | ||||||
| Consumer Discretionary Distribution & Retail | 1.27 | 1.40 | 1.57 | — | — | |
| Total Asset Turnover, Industry | ||||||
| Consumer Discretionary | 0.88 | 0.84 | 0.94 | — | — | |
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 = Sales ÷ Total assets
= 13,327,563 ÷ 11,718,707 = 1.14
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. | O’Reilly Automotive Inc. total asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |
Equity Turnover
O’Reilly Automotive 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 thousands) | ||||||
| Sales | 13,327,563) | 11,604,493) | 10,149,985) | 9,536,428) | 8,977,726) | |
| Shareholders’ equity (deficit) | (66,423) | 140,258) | 397,340) | 353,667) | 653,046) | |
| Long-term Activity Ratio | ||||||
| Equity turnover1 | — | 82.74 | 25.54 | 26.96 | 13.75 | |
| Benchmarks | ||||||
| Equity Turnover, Competitors2 | ||||||
| Amazon.com Inc. | 3.40 | 4.13 | 4.52 | — | — | |
| Home Depot Inc. | 40.05 | — | — | — | — | |
| Lowe’s Cos. Inc. | 62.35 | 36.59 | 19.57 | — | — | |
| TJX Cos. Inc. | 5.51 | 7.01 | 7.72 | — | — | |
| Equity Turnover, Sector | ||||||
| Consumer Discretionary Distribution & Retail | 4.86 | 6.21 | 7.25 | — | — | |
| Equity Turnover, Industry | ||||||
| Consumer Discretionary | 3.74 | 4.82 | 5.84 | — | — | |
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 = Sales ÷ Shareholders’ equity (deficit)
= 13,327,563 ÷ -66,423 = —
2 Click competitor name to see calculations.