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)
Amphenol Corp., long-term (investment) activity ratios
Based on: 10-K (reporting date: 2023-12-31), 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).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Amphenol Corp. net fixed asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 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). | Amphenol Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Amphenol Corp. total asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Amphenol Corp. equity turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Net Fixed Asset Turnover
Amphenol Corp., net fixed asset turnover calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net sales | 12,554,700) | 12,623,000) | 10,876,300) | 8,598,900) | 8,225,400) | |
| Property, plant and equipment, net | 1,314,700) | 1,204,300) | 1,175,300) | 1,054,600) | 999,000) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover1 | 9.55 | 10.48 | 9.25 | 8.15 | 8.23 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||
| Apple Inc. | 8.77 | 9.36 | 9.28 | 7.47 | 6.96 | |
| Arista Networks Inc. | 57.69 | 46.11 | 37.49 | 71.90 | 61.38 | |
| Cisco Systems Inc. | 27.34 | 25.82 | 21.31 | 20.10 | 18.61 | |
| Super Micro Computer Inc. | 24.54 | 18.17 | 12.95 | 14.28 | 16.88 | |
| Net Fixed Asset Turnover, Sector | ||||||
| Technology Hardware & Equipment | 9.81 | 10.24 | 10.02 | 8.34 | 7.87 | |
| Net Fixed Asset Turnover, Industry | ||||||
| Information Technology | 3.52 | 4.15 | 4.45 | 4.24 | 4.29 | |
Based on: 10-K (reporting date: 2023-12-31), 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).
1 2023 Calculation
Net fixed asset turnover = Net sales ÷ Property, plant and equipment, net
= 12,554,700 ÷ 1,314,700 = 9.55
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. | Amphenol Corp. net fixed asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Amphenol Corp., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net sales | 12,554,700) | 12,623,000) | 10,876,300) | 8,598,900) | 8,225,400) | |
| Property, plant and equipment, net | 1,314,700) | 1,204,300) | 1,175,300) | 1,054,600) | 999,000) | |
| Operating lease right-of-use assets (included in Other long-term assets) | 301,500) | 289,500) | 244,900) | 224,400) | 196,700) | |
| Property, plant and equipment, net (including operating lease, right-of-use asset) | 1,616,200) | 1,493,800) | 1,420,200) | 1,279,000) | 1,195,700) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 7.77 | 8.45 | 7.66 | 6.72 | 6.88 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | ||||||
| Apple Inc. | 7.05 | 7.51 | 7.39 | 6.06 | 6.96 | |
| Arista Networks Inc. | 37.21 | 29.52 | 20.50 | 21.16 | 18.98 | |
| Cisco Systems Inc. | 18.65 | 17.19 | 14.51 | 14.61 | 18.61 | |
| Super Micro Computer Inc. | 23.02 | 16.78 | 12.07 | 12.96 | 16.88 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | ||||||
| Technology Hardware & Equipment | 7.83 | 8.13 | 7.91 | 6.71 | 7.85 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | ||||||
| Information Technology | 3.09 | 3.59 | 3.79 | 3.60 | 4.00 | |
Based on: 10-K (reporting date: 2023-12-31), 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).
1 2023 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)
= 12,554,700 ÷ 1,616,200 = 7.77
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). | Amphenol Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Total Asset Turnover
Amphenol Corp., total asset turnover calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net sales | 12,554,700) | 12,623,000) | 10,876,300) | 8,598,900) | 8,225,400) | |
| Total assets | 16,526,400) | 15,326,200) | 14,678,400) | 12,327,300) | 10,815,500) | |
| Long-term Activity Ratio | ||||||
| Total asset turnover1 | 0.76 | 0.82 | 0.74 | 0.70 | 0.76 | |
| Benchmarks | ||||||
| Total Asset Turnover, Competitors2 | ||||||
| Apple Inc. | 1.09 | 1.12 | 1.04 | 0.85 | 0.77 | |
| Arista Networks Inc. | 0.59 | 0.65 | 0.51 | 0.49 | 0.58 | |
| Cisco Systems Inc. | 0.56 | 0.55 | 0.51 | 0.52 | 0.53 | |
| Super Micro Computer Inc. | 1.94 | 1.62 | 1.59 | 1.74 | 2.08 | |
| Total Asset Turnover, Sector | ||||||
| Technology Hardware & Equipment | 0.97 | 1.00 | 0.92 | 0.77 | 0.72 | |
| Total Asset Turnover, Industry | ||||||
| Information Technology | 0.59 | 0.63 | 0.61 | 0.57 | 0.58 | |
Based on: 10-K (reporting date: 2023-12-31), 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).
1 2023 Calculation
Total asset turnover = Net sales ÷ Total assets
= 12,554,700 ÷ 16,526,400 = 0.76
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. | Amphenol Corp. total asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Equity Turnover
Amphenol Corp., equity turnover calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net sales | 12,554,700) | 12,623,000) | 10,876,300) | 8,598,900) | 8,225,400) | |
| Stockholders’ equity attributable to Amphenol Corporation | 8,346,500) | 7,015,600) | 6,302,000) | 5,384,900) | 4,530,300) | |
| Long-term Activity Ratio | ||||||
| Equity turnover1 | 1.50 | 1.80 | 1.73 | 1.60 | 1.82 | |
| Benchmarks | ||||||
| Equity Turnover, Competitors2 | ||||||
| Apple Inc. | 6.17 | 7.78 | 5.80 | 4.20 | 2.88 | |
| Arista Networks Inc. | 0.81 | 0.90 | 0.74 | 0.70 | 0.83 | |
| Cisco Systems Inc. | 1.29 | 1.30 | 1.21 | 1.30 | 1.55 | |
| Super Micro Computer Inc. | 3.61 | 3.64 | 3.25 | 3.13 | 3.72 | |
| Equity Turnover, Sector | ||||||
| Technology Hardware & Equipment | 3.92 | 4.71 | 3.86 | 3.06 | 2.49 | |
| Equity Turnover, Industry | ||||||
| Information Technology | 1.44 | 1.60 | 1.65 | 1.64 | 1.65 | |
Based on: 10-K (reporting date: 2023-12-31), 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).
1 2023 Calculation
Equity turnover = Net sales ÷ Stockholders’ equity attributable to Amphenol Corporation
= 12,554,700 ÷ 8,346,500 = 1.50
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. | Amphenol Corp. equity turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |