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)
AmerisourceBergen Corp., long-term (investment) activity ratios
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 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).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | AmerisourceBergen Corp. net fixed asset turnover ratio deteriorated from 2020 to 2021 but then slightly improved 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). | AmerisourceBergen Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | AmerisourceBergen Corp. total asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 not reaching 2020 level. |
Net Fixed Asset Turnover
AmerisourceBergen Corp., net fixed asset turnover calculation, comparison to benchmarks
| Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Revenue | 238,587,006) | 213,988,843) | 189,893,926) | 179,589,121) | 167,939,635) | 153,143,826) | |
| Property and equipment, net | 2,135,003) | 2,162,961) | 1,484,808) | 1,770,516) | 1,892,424) | 1,797,945) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover1 | 111.75 | 98.93 | 127.89 | 101.43 | 88.74 | 85.18 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||
| Abbott Laboratories | 4.76 | 4.81 | 3.83 | 3.97 | — | — | |
| Cigna Group | 47.53 | 46.73 | 37.85 | 34.45 | — | — | |
| CVS Health Corp. | 24.98 | 22.56 | 21.25 | 21.24 | — | — | |
| Elevance Health Inc. | 36.07 | 34.94 | 34.69 | 32.92 | — | — | |
| Humana Inc. | 28.71 | 26.97 | 32.05 | 32.93 | — | — | |
| Intuitive Surgical Inc. | 2.62 | 3.04 | 2.76 | 3.52 | — | — | |
| Medtronic PLC | 5.85 | 5.77 | 5.99 | 6.54 | — | — | |
| UnitedHealth Group Inc. | 31.81 | 31.81 | 29.64 | 27.60 | — | — | |
| Net Fixed Asset Turnover, Sector | |||||||
| Health Care Equipment & Services | 22.49 | 21.55 | 20.28 | 19.95 | — | — | |
| Net Fixed Asset Turnover, Industry | |||||||
| Health Care | 10.62 | 10.44 | 9.62 | 9.73 | — | — | |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 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).
1 2022 Calculation
Net fixed asset turnover = Revenue ÷ Property and equipment, net
= 238,587,006 ÷ 2,135,003 = 111.75
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. | AmerisourceBergen Corp. net fixed asset turnover ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
AmerisourceBergen Corp., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Revenue | 238,587,006) | 213,988,843) | 189,893,926) | 179,589,121) | 167,939,635) | 153,143,826) | |
| Property and equipment, net | 2,135,003) | 2,162,961) | 1,484,808) | 1,770,516) | 1,892,424) | 1,797,945) | |
| Operating lease right of use assets (included in Other assets) | 944,974) | 1,067,175) | 443,522) | —) | —) | —) | |
| Property and equipment, net (including operating lease, right-of-use asset) | 3,079,977) | 3,230,136) | 1,928,330) | 1,770,516) | 1,892,424) | 1,797,945) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 77.46 | 66.25 | 98.48 | 101.43 | 88.74 | 85.18 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | |||||||
| Abbott Laboratories | 4.25 | 4.26 | 3.42 | 3.56 | — | — | |
| Cigna Group | 43.23 | 41.37 | 33.46 | 30.72 | — | — | |
| CVS Health Corp. | 10.46 | 9.09 | 8.04 | 7.77 | — | — | |
| Elevance Health Inc. | 31.64 | 30.12 | 29.26 | 27.82 | — | — | |
| Humana Inc. | 24.76 | 22.09 | 27.07 | 27.22 | — | — | |
| Intuitive Surgical Inc. | 2.53 | 2.93 | 2.66 | 3.32 | — | — | |
| Medtronic PLC | 5.06 | 4.84 | 5.02 | 6.54 | — | — | |
| UnitedHealth Group Inc. | 21.54 | 21.54 | 19.55 | 18.97 | — | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | |||||||
| Health Care Equipment & Services | 14.87 | 13.78 | 12.53 | 12.33 | — | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | |||||||
| Health Care | 8.57 | 8.28 | 7.55 | 7.63 | — | — | |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 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).
1 2022 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenue ÷ Property and equipment, net (including operating lease, right-of-use asset)
= 238,587,006 ÷ 3,079,977 = 77.46
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). | AmerisourceBergen Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022. |
Total Asset Turnover
AmerisourceBergen Corp., total asset turnover calculation, comparison to benchmarks
| Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Revenue | 238,587,006) | 213,988,843) | 189,893,926) | 179,589,121) | 167,939,635) | 153,143,826) | |
| Total assets | 56,560,616) | 57,337,805) | 44,274,830) | 39,171,980) | 37,669,838) | 35,316,470) | |
| Long-term Activity Ratio | |||||||
| Total asset turnover1 | 4.22 | 3.73 | 4.29 | 4.58 | 4.46 | 4.34 | |
| Benchmarks | |||||||
| Total Asset Turnover, Competitors2 | |||||||
| Abbott Laboratories | 0.59 | 0.57 | 0.48 | 0.47 | — | — | |
| Cigna Group | 1.25 | 1.11 | 1.02 | 0.98 | — | — | |
| CVS Health Corp. | 1.41 | 1.25 | 1.16 | 1.15 | — | — | |
| Elevance Health Inc. | 1.51 | 1.41 | 1.39 | 1.33 | — | — | |
| Humana Inc. | 2.15 | 1.87 | 2.17 | 2.21 | — | — | |
| Intuitive Surgical Inc. | 0.48 | 0.42 | 0.39 | 0.46 | — | — | |
| Medtronic PLC | 0.35 | 0.32 | 0.32 | 0.34 | — | — | |
| UnitedHealth Group Inc. | 1.31 | 1.34 | 1.30 | 1.38 | — | — | |
| Total Asset Turnover, Sector | |||||||
| Health Care Equipment & Services | 1.22 | 1.13 | 1.08 | 1.07 | — | — | |
| Total Asset Turnover, Industry | |||||||
| Health Care | 0.81 | 0.76 | 0.70 | 0.71 | — | — | |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 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).
1 2022 Calculation
Total asset turnover = Revenue ÷ Total assets
= 238,587,006 ÷ 56,560,616 = 4.22
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. | AmerisourceBergen Corp. total asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 not reaching 2020 level. |
Equity Turnover
AmerisourceBergen Corp., equity turnover calculation, comparison to benchmarks
| Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Revenue | 238,587,006) | 213,988,843) | 189,893,926) | 179,589,121) | 167,939,635) | 153,143,826) | |
| Total AmerisourceBergen Corporation stockholders’ equity (deficit) | (211,559) | 223,354) | (1,018,924) | 2,878,917) | 2,932,824) | 2,064,461) | |
| Long-term Activity Ratio | |||||||
| Equity turnover1 | — | 958.07 | — | 62.38 | 57.26 | 74.18 | |
| Benchmarks | |||||||
| Equity Turnover, Competitors2 | |||||||
| Abbott Laboratories | 1.19 | 1.20 | 1.06 | 1.03 | — | — | |
| Cigna Group | 4.00 | 3.66 | 3.16 | 3.36 | — | — | |
| CVS Health Corp. | 4.53 | 3.87 | 3.86 | 4.00 | — | — | |
| Elevance Health Inc. | 4.29 | 3.80 | 3.64 | 3.25 | — | — | |
| Humana Inc. | 6.04 | 5.15 | 5.54 | 5.35 | — | — | |
| Intuitive Surgical Inc. | 0.56 | 0.48 | 0.45 | 0.54 | — | — | |
| Medtronic PLC | 0.60 | 0.59 | 0.57 | 0.61 | — | — | |
| UnitedHealth Group Inc. | 4.14 | 3.98 | 3.90 | 4.17 | — | — | |
| Equity Turnover, Sector | |||||||
| Health Care Equipment & Services | 3.34 | 3.03 | 2.91 | 2.94 | — | — | |
| Equity Turnover, Industry | |||||||
| Health Care | 2.17 | 2.10 | 2.07 | 2.07 | — | — | |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 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).
1 2022 Calculation
Equity turnover = Revenue ÷ Total AmerisourceBergen Corporation stockholders’ equity (deficit)
= 238,587,006 ÷ -211,559 = —
2 Click competitor name to see calculations.