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)
Based on: 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30).
Long-term activity ratio | Description | The company |
---|---|---|
Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Air Products & Chemicals Inc. net fixed asset turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020. |
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). | Air Products & Chemicals Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2018 to 2019 and from 2019 to 2020. |
Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Air Products & Chemicals Inc. total asset turnover ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020. |
Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Air Products & Chemicals Inc. equity turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020. |
Net Fixed Asset Turnover
Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 | Sep 30, 2015 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Sales | 8,856,300) | 8,918,900) | 8,930,200) | 8,187,600) | 9,524,400) | 9,894,900) | |
Plant and equipment, net | 11,964,700) | 10,337,600) | 9,923,700) | 8,440,200) | 8,852,700) | 9,636,900) | |
Long-term Activity Ratio | |||||||
Net fixed asset turnover1 | 0.74 | 0.86 | 0.90 | 0.97 | 1.08 | 1.03 | |
Benchmarks | |||||||
Net Fixed Asset Turnover, Competitors2 | |||||||
Linde plc | 0.94 | 0.97 | — | — | — | — | |
Net Fixed Asset Turnover, Industry | |||||||
Materials | 0.71 | 0.73 | — | — | — | — |
Based on: 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30).
1 2020 Calculation
Net fixed asset turnover = Sales ÷ Plant and equipment, net
= 8,856,300 ÷ 11,964,700 = 0.74
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. | Air Products & Chemicals Inc. net fixed asset turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Air Products & Chemicals Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 | Sep 30, 2015 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Sales | 8,856,300) | 8,918,900) | 8,930,200) | 8,187,600) | 9,524,400) | 9,894,900) | |
Plant and equipment, net | 11,964,700) | 10,337,600) | 9,923,700) | 8,440,200) | 8,852,700) | 9,636,900) | |
Operating lease right-of-use assets | 376,800) | —) | —) | —) | —) | —) | |
Plant and equipment, net (including operating lease, right-of-use asset) | 12,341,500) | 10,337,600) | 9,923,700) | 8,440,200) | 8,852,700) | 9,636,900) | |
Long-term Activity Ratio | |||||||
Net fixed asset turnover (including operating lease, right-of-use asset)1 | 0.72 | 0.86 | 0.90 | 0.97 | 1.08 | 1.03 | |
Benchmarks | |||||||
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | |||||||
Linde plc | 0.91 | 0.94 | — | — | — | — | |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | |||||||
Materials | 0.70 | 0.71 | — | — | — | — |
Based on: 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30).
1 2020 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Sales ÷ Plant and equipment, net (including operating lease, right-of-use asset)
= 8,856,300 ÷ 12,341,500 = 0.72
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). | Air Products & Chemicals Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2018 to 2019 and from 2019 to 2020. |
Total Asset Turnover
Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 | Sep 30, 2015 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Sales | 8,856,300) | 8,918,900) | 8,930,200) | 8,187,600) | 9,524,400) | 9,894,900) | |
Total assets | 25,168,500) | 18,942,800) | 19,178,300) | 18,467,200) | 18,055,300) | 17,438,100) | |
Long-term Activity Ratio | |||||||
Total asset turnover1 | 0.35 | 0.47 | 0.47 | 0.44 | 0.53 | 0.57 | |
Benchmarks | |||||||
Total Asset Turnover, Competitors2 | |||||||
Linde plc | 0.31 | 0.33 | — | — | — | — | |
Total Asset Turnover, Industry | |||||||
Materials | 0.32 | 0.33 | — | — | — | — |
Based on: 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30).
1 2020 Calculation
Total asset turnover = Sales ÷ Total assets
= 8,856,300 ÷ 25,168,500 = 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. | Air Products & Chemicals Inc. total asset turnover ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020. |
Equity Turnover
Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 | Sep 30, 2015 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Sales | 8,856,300) | 8,918,900) | 8,930,200) | 8,187,600) | 9,524,400) | 9,894,900) | |
Total Air Products shareholders’ equity | 12,079,800) | 11,053,600) | 10,857,500) | 10,086,200) | 7,079,600) | 7,249,000) | |
Long-term Activity Ratio | |||||||
Equity turnover1 | 0.73 | 0.81 | 0.82 | 0.81 | 1.35 | 1.37 | |
Benchmarks | |||||||
Equity Turnover, Competitors2 | |||||||
Linde plc | 0.58 | 0.58 | — | — | — | — | |
Equity Turnover, Industry | |||||||
Materials | 0.72 | 0.73 | — | — | — | — |
Based on: 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30).
1 2020 Calculation
Equity turnover = Sales ÷ Total Air Products shareholders’ equity
= 8,856,300 ÷ 12,079,800 = 0.73
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. | Air Products & Chemicals Inc. equity turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020. |