Stock Analysis on Net

3M Co. (NYSE:MMM)

This company has been moved to the archive! The financial data has not been updated since October 25, 2022.

Analysis of Long-term (Investment) Activity Ratios

Microsoft Excel

Long-term Activity Ratios (Summary)

3M Co., long-term (investment) activity ratios

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Net fixed asset turnover 3.75 3.42 3.44 3.75 3.57
Net fixed asset turnover (including operating lease, right-of-use asset) 3.44 3.13 3.15 3.75 3.57
Total asset turnover 0.75 0.68 0.72 0.90 0.83
Equity turnover 2.35 2.50 3.19 3.34 2.74

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. 3M Co. net fixed asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
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). 3M Co. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. 3M Co. total asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. 3M Co. equity turnover ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Net Fixed Asset Turnover

3M Co., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Net sales 35,355 32,184 32,136 32,765 31,657
Property, plant and equipment, net 9,429 9,421 9,333 8,738 8,866
Long-term Activity Ratio
Net fixed asset turnover1 3.75 3.42 3.44 3.75 3.57
Benchmarks
Net Fixed Asset Turnover, Competitors2
Boeing Co. 5.70 4.92 6.12
Caterpillar Inc. 3.99 3.15 3.93
Eaton Corp. plc 6.41 6.02 6.12
GE Aerospace 5.47 1.75 2.02
Honeywell International Inc. 6.18 5.86 6.89
Lockheed Martin Corp. 8.83 9.07 9.07
RTX Corp. 4.30 3.78 6.04
Net Fixed Asset Turnover, Sector
Capital Goods 5.46 3.55 4.23
Net Fixed Asset Turnover, Industry
Industrials 3.04 2.41 2.76

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 = Net sales ÷ Property, plant and equipment, net
= 35,355 ÷ 9,429 = 3.75

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. 3M Co. net fixed asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

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

3M Co., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Net sales 35,355 32,184 32,136 32,765 31,657
 
Property, plant and equipment, net 9,429 9,421 9,333 8,738 8,866
Operating lease right of use assets 858 864 858
Property, plant and equipment, net (including operating lease, right-of-use asset) 10,287 10,285 10,191 8,738 8,866
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 3.44 3.13 3.15 3.75 3.57
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Boeing Co. 5.04 4.45 5.59
Caterpillar Inc. 3.79 3.00 3.75
Eaton Corp. plc 5.60 5.26 5.44
GE Aerospace 4.55 1.63 1.89
Honeywell International Inc. 5.28 5.15 6.12
Lockheed Martin Corp. 7.54 7.96 7.88
RTX Corp. 3.80 3.36 5.02
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Capital Goods 4.80 3.25 3.86
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Industrials 2.62 2.13 2.57

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) = Net sales ÷ Property, plant and equipment, net (including operating lease, right-of-use asset)
= 35,355 ÷ 10,287 = 3.44

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). 3M Co. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Total Asset Turnover

3M Co., total asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Net sales 35,355 32,184 32,136 32,765 31,657
Total assets 47,072 47,344 44,659 36,500 37,987
Long-term Activity Ratio
Total asset turnover1 0.75 0.68 0.72 0.90 0.83
Benchmarks
Total Asset Turnover, Competitors2
Boeing Co. 0.45 0.38 0.57
Caterpillar Inc. 0.58 0.50 0.65
Eaton Corp. plc 0.58 0.56 0.65
GE Aerospace 0.36 0.29 0.33
Honeywell International Inc. 0.53 0.51 0.63
Lockheed Martin Corp. 1.32 1.29 1.26
RTX Corp. 0.40 0.35 0.55
Total Asset Turnover, Sector
Capital Goods 0.50 0.43 0.54
Total Asset Turnover, Industry
Industrials 0.60 0.51 0.61

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 = Net sales ÷ Total assets
= 35,355 ÷ 47,072 = 0.75

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. 3M Co. total asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Equity Turnover

3M Co., equity turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Net sales 35,355 32,184 32,136 32,765 31,657
Total 3M Company shareholders’ equity 15,046 12,867 10,063 9,796 11,563
Long-term Activity Ratio
Equity turnover1 2.35 2.50 3.19 3.34 2.74
Benchmarks
Equity Turnover, Competitors2
Boeing Co.
Caterpillar Inc. 2.92 2.55 3.48
Eaton Corp. plc 1.20 1.20 1.33
GE Aerospace 1.76 2.05 3.09
Honeywell International Inc. 1.85 1.86 1.98
Lockheed Martin Corp. 6.12 10.87 19.13
RTX Corp. 0.88 0.78 1.84
Equity Turnover, Sector
Capital Goods 2.28 2.39 3.60
Equity Turnover, Industry
Industrials 2.58 2.75 3.53

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 = Net sales ÷ Total 3M Company shareholders’ equity
= 35,355 ÷ 15,046 = 2.35

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. 3M Co. equity turnover ratio deteriorated from 2019 to 2020 and from 2020 to 2021.