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)
Allergan PLC, long-term (investment) activity ratios
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Allergan PLC net fixed asset turnover ratio deteriorated from 2017 to 2018 and from 2018 to 2019. |
| 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). | Allergan PLC net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2017 to 2018 and from 2018 to 2019. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Allergan PLC total asset turnover ratio improved from 2017 to 2018 and from 2018 to 2019. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Allergan PLC equity turnover ratio improved from 2017 to 2018 and from 2018 to 2019. |
Net Fixed Asset Turnover
Allergan PLC, net fixed asset turnover calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net revenues | 16,088,900) | 15,787,400) | 15,940,700) | 14,570,600) | 15,071,000) | |
| Property, plant and equipment, net | 1,926,500) | 1,787,000) | 1,785,400) | 1,611,300) | 1,573,900) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover1 | 8.35 | 8.83 | 8.93 | 9.04 | 9.58 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||
| AbbVie Inc. | 11.23 | — | — | — | — | |
| Amgen Inc. | 4.51 | — | — | — | — | |
| Bristol-Myers Squibb Co. | 4.18 | — | — | — | — | |
| Danaher Corp. | 7.78 | — | — | — | — | |
| Eli Lilly & Co. | 2.83 | — | — | — | — | |
| Gilead Sciences Inc. | 4.91 | — | — | — | — | |
| Johnson & Johnson | 4.65 | — | — | — | — | |
| Merck & Co. Inc. | 3.11 | — | — | — | — | |
| Pfizer Inc. | 3.71 | — | — | — | — | |
| Regeneron Pharmaceuticals Inc. | 2.72 | — | — | — | — | |
| Thermo Fisher Scientific Inc. | 5.38 | — | — | — | — | |
| Vertex Pharmaceuticals Inc. | 5.59 | — | — | — | — | |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Net fixed asset turnover = Net revenues ÷ Property, plant and equipment, net
= 16,088,900 ÷ 1,926,500 = 8.35
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. | Allergan PLC net fixed asset turnover ratio deteriorated from 2017 to 2018 and from 2018 to 2019. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Allergan PLC, net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net revenues | 16,088,900) | 15,787,400) | 15,940,700) | 14,570,600) | 15,071,000) | |
| Property, plant and equipment, net | 1,926,500) | 1,787,000) | 1,785,400) | 1,611,300) | 1,573,900) | |
| Right of use asset, operating leases | 490,400) | —) | —) | —) | —) | |
| Property, plant and equipment, net (including operating lease, right-of-use asset) | 2,416,900) | 1,787,000) | 1,785,400) | 1,611,300) | 1,573,900) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 6.66 | 8.83 | 8.93 | 9.04 | 9.58 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | ||||||
| AbbVie Inc. | 10.06 | — | — | — | — | |
| Amgen Inc. | 4.11 | — | — | — | — | |
| Bristol-Myers Squibb Co. | 3.76 | — | — | — | — | |
| Danaher Corp. | 5.84 | — | — | — | — | |
| Eli Lilly & Co. | 2.66 | — | — | — | — | |
| Gilead Sciences Inc. | 4.28 | — | — | — | — | |
| Johnson & Johnson | 4.41 | — | — | — | — | |
| Merck & Co. Inc. | 2.90 | — | — | — | — | |
| Pfizer Inc. | 3.39 | — | — | — | — | |
| Regeneron Pharmaceuticals Inc. | 2.66 | — | — | — | — | |
| Thermo Fisher Scientific Inc. | 4.69 | — | — | — | — | |
| Vertex Pharmaceuticals Inc. | 5.00 | — | — | — | — | |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Net revenues ÷ Property, plant and equipment, net (including operating lease, right-of-use asset)
= 16,088,900 ÷ 2,416,900 = 6.66
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). | Allergan PLC net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2017 to 2018 and from 2018 to 2019. |
Total Asset Turnover
Allergan PLC, total asset turnover calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net revenues | 16,088,900) | 15,787,400) | 15,940,700) | 14,570,600) | 15,071,000) | |
| Total assets | 94,699,100) | 101,787,600) | 118,341,900) | 128,986,300) | 135,840,700) | |
| Long-term Activity Ratio | ||||||
| Total asset turnover1 | 0.17 | 0.16 | 0.13 | 0.11 | 0.11 | |
| Benchmarks | ||||||
| Total Asset Turnover, Competitors2 | ||||||
| AbbVie Inc. | 0.37 | — | — | — | — | |
| Amgen Inc. | 0.37 | — | — | — | — | |
| Bristol-Myers Squibb Co. | 0.20 | — | — | — | — | |
| Danaher Corp. | 0.29 | — | — | — | — | |
| Eli Lilly & Co. | 0.57 | — | — | — | — | |
| Gilead Sciences Inc. | 0.36 | — | — | — | — | |
| Johnson & Johnson | 0.52 | — | — | — | — | |
| Merck & Co. Inc. | 0.55 | — | — | — | — | |
| Pfizer Inc. | 0.31 | — | — | — | — | |
| Regeneron Pharmaceuticals Inc. | 0.53 | — | — | — | — | |
| Thermo Fisher Scientific Inc. | 0.44 | — | — | — | — | |
| Vertex Pharmaceuticals Inc. | 0.50 | — | — | — | — | |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Total asset turnover = Net revenues ÷ Total assets
= 16,088,900 ÷ 94,699,100 = 0.17
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. | Allergan PLC total asset turnover ratio improved from 2017 to 2018 and from 2018 to 2019. |
Equity Turnover
Allergan PLC, equity turnover calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net revenues | 16,088,900) | 15,787,400) | 15,940,700) | 14,570,600) | 15,071,000) | |
| Shareholders’ equity | 58,173,600) | 65,114,100) | 73,821,100) | 76,192,700) | 76,591,400) | |
| Long-term Activity Ratio | ||||||
| Equity turnover1 | 0.28 | 0.24 | 0.22 | 0.19 | 0.20 | |
| Benchmarks | ||||||
| Equity Turnover, Competitors2 | ||||||
| AbbVie Inc. | — | — | — | — | — | |
| Amgen Inc. | 2.30 | — | — | — | — | |
| Bristol-Myers Squibb Co. | 0.51 | — | — | — | — | |
| Danaher Corp. | 0.59 | — | — | — | — | |
| Eli Lilly & Co. | 8.56 | — | — | — | — | |
| Gilead Sciences Inc. | 0.98 | — | — | — | — | |
| Johnson & Johnson | 1.38 | — | — | — | — | |
| Merck & Co. Inc. | 1.81 | — | — | — | — | |
| Pfizer Inc. | 0.82 | — | — | — | — | |
| Regeneron Pharmaceuticals Inc. | 0.71 | — | — | — | — | |
| Thermo Fisher Scientific Inc. | 0.86 | — | — | — | — | |
| Vertex Pharmaceuticals Inc. | 0.68 | — | — | — | — | |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Equity turnover = Net revenues ÷ Shareholders’ equity
= 16,088,900 ÷ 58,173,600 = 0.28
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. | Allergan PLC equity turnover ratio improved from 2017 to 2018 and from 2018 to 2019. |