Stock Analysis on Net

PayPal Holdings Inc. (NASDAQ:PYPL)

This company has been moved to the archive! The financial data has not been updated since May 9, 2023.

Analysis of Long-term (Investment) Activity Ratios 

Microsoft Excel

Long-term Activity Ratios (Summary)

PayPal Holdings Inc., long-term (investment) activity ratios

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Net fixed asset turnover 15.91 13.29 11.87 10.50 8.96
Net fixed asset turnover (including operating lease, right-of-use asset) 11.94 9.88 8.53 8.18 8.96
Total asset turnover 0.35 0.33 0.30 0.35 0.36
Equity turnover 1.36 1.17 1.07 1.05 1.00

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).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. PayPal Holdings Inc. net fixed asset turnover ratio improved 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). PayPal Holdings Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2020 to 2021 and from 2021 to 2022.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. PayPal Holdings Inc. total asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. PayPal Holdings Inc. equity turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Net Fixed Asset Turnover

PayPal Holdings Inc., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Net revenues 27,518 25,371 21,454 17,772 15,451
Property and equipment, net 1,730 1,909 1,807 1,693 1,724
Long-term Activity Ratio
Net fixed asset turnover1 15.91 13.29 11.87 10.50 8.96
Benchmarks
Net Fixed Asset Turnover, Competitors2
Accenture PLC 37.12 30.83 28.68 31.06
Adobe Inc. 9.23 9.44 8.48 8.64 8.40
Autodesk Inc. 26.99 19.66 20.25 17.17
Cadence Design Systems Inc. 9.59 9.77 8.62 8.47
CrowdStrike Holdings Inc. 5.57 5.24 3.54
International Business Machines Corp. 11.35 10.07 7.33 7.71
Intuit Inc. 14.33 12.35 10.46 8.70
Microsoft Corp. 2.66 2.81 3.24 3.45
Oracle Corp. 4.37 5.74 6.26 6.32
Palo Alto Networks Inc. 15.38 13.37 9.79 9.80
Salesforce Inc. 9.41 8.64 7.20 6.48
ServiceNow Inc. 6.88 7.70 6.85 7.39
Synopsys Inc. 10.51 8.90 7.62 7.82 10.09
Net Fixed Asset Turnover, Sector
Software & Services 4.50 4.74 5.18 5.54
Net Fixed Asset Turnover, Industry
Information Technology 4.14 4.45 4.24 4.29

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 = Net revenues ÷ Property and equipment, net
= 27,518 ÷ 1,730 = 15.91

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. PayPal Holdings Inc. net fixed asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

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

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

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Net revenues 27,518 25,371 21,454 17,772 15,451
 
Property and equipment, net 1,730 1,909 1,807 1,693 1,724
Operating ROU lease assets (included in Other assets) 574 659 707 479
Property and equipment, net (including operating lease, right-of-use asset) 2,304 2,568 2,514 2,172 1,724
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 11.94 9.88 8.53 8.18 8.96
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Accenture PLC 13.17 10.48 9.37 31.06
Adobe Inc. 7.61 7.46 6.42 8.64 8.40
Autodesk Inc. 9.39 6.22 5.45 17.17
Cadence Design Systems Inc. 6.57 6.85 6.04 6.21
CrowdStrike Holdings Inc. 4.97 4.30 3.54
International Business Machines Corp. 7.37 6.43 5.00 5.14
Intuit Inc. 8.86 8.30 8.00 8.70
Microsoft Corp. 2.26 2.37 2.70 2.87
Oracle Corp. 3.21 4.20 4.74 6.32
Palo Alto Networks Inc. 9.17 7.32 5.62 9.80
Salesforce Inc. 4.65 3.75 3.16 6.48
ServiceNow Inc. 4.18 4.34 4.06 3.98
Synopsys Inc. 4.87 4.35 3.88 7.82 10.09
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Software & Services 3.50 3.59 3.83 4.56
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Information Technology 3.59 3.79 3.60 4.00

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) = Net revenues ÷ Property and equipment, net (including operating lease, right-of-use asset)
= 27,518 ÷ 2,304 = 11.94

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). PayPal Holdings Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2020 to 2021 and from 2021 to 2022.

Total Asset Turnover

PayPal Holdings Inc., total asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Net revenues 27,518 25,371 21,454 17,772 15,451
Total assets 78,717 75,803 70,379 51,333 43,332
Long-term Activity Ratio
Total asset turnover1 0.35 0.33 0.30 0.35 0.36
Benchmarks
Total Asset Turnover, Competitors2
Accenture PLC 1.30 1.17 1.20 1.45
Adobe Inc. 0.65 0.58 0.53 0.54 0.48
Autodesk Inc. 0.51 0.52 0.53 0.54
Cadence Design Systems Inc. 0.69 0.68 0.68 0.70
CrowdStrike Holdings Inc. 0.40 0.32 0.34
International Business Machines Corp. 0.48 0.43 0.47 0.51
Intuit Inc. 0.46 0.62 0.70 1.08
Microsoft Corp. 0.54 0.50 0.47 0.44
Oracle Corp. 0.39 0.31 0.34 0.36
Palo Alto Networks Inc. 0.45 0.42 0.38 0.44
Salesforce Inc. 0.28 0.32 0.31 0.43
ServiceNow Inc. 0.54 0.55 0.52 0.57
Synopsys Inc. 0.54 0.48 0.46 0.52 0.51
Total Asset Turnover, Sector
Software & Services 0.53 0.49 0.48 0.50
Total Asset Turnover, Industry
Information Technology 0.63 0.61 0.57 0.58

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 = Net revenues ÷ Total assets
= 27,518 ÷ 78,717 = 0.35

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. PayPal Holdings Inc. total asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Equity Turnover

PayPal Holdings Inc., equity turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Net revenues 27,518 25,371 21,454 17,772 15,451
Total PayPal stockholders’ equity 20,274 21,727 20,019 16,885 15,386
Long-term Activity Ratio
Equity turnover1 1.36 1.17 1.07 1.05 1.00
Benchmarks
Equity Turnover, Competitors2
Accenture PLC 2.79 2.59 2.61 3.00
Adobe Inc. 1.25 1.07 0.97 1.06 0.96
Autodesk Inc. 5.17 3.93
Cadence Design Systems Inc. 1.30 1.09 1.08 1.11
CrowdStrike Holdings Inc. 1.42 1.00 0.65
International Business Machines Corp. 2.76 3.03 3.57 3.70
Intuit Inc. 0.77 0.98 1.50 1.81
Microsoft Corp. 1.19 1.18 1.21 1.23
Oracle Corp. 7.73 3.24 1.81
Palo Alto Networks Inc. 26.20 6.71 3.09 1.83
Salesforce Inc. 0.46 0.51 0.50 0.85
ServiceNow Inc. 1.44 1.60 1.59 1.63
Synopsys Inc. 0.92 0.79 0.75 0.82 0.90
Equity Turnover, Sector
Software & Services 1.45 1.45 1.53 1.67
Equity Turnover, Industry
Information Technology 1.60 1.66 1.64 1.65

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 = Net revenues ÷ Total PayPal stockholders’ equity
= 27,518 ÷ 20,274 = 1.36

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. PayPal Holdings Inc. equity turnover ratio improved from 2020 to 2021 and from 2021 to 2022.