Stock Analysis on Net

Emerson Electric Co. (NYSE:EMR)

This company has been moved to the archive! The financial data has not been updated since April 24, 2020.

Analysis of Short-term (Operating) Activity Ratios 
Quarterly Data

Microsoft Excel

Short-term Activity Ratios (Summary)

Emerson Electric Co., short-term (operating) activity ratios (quarterly data)

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013
Turnover Ratios
Inventory turnover 5.02 5.12 5.62 5.11 5.00 5.12 5.49 5.40 5.07 4.99 5.22 4.47 6.14 6.41 6.84 4.87 5.47 6.24 7.18 6.40 6.71 6.75 6.99
Receivables turnover 6.80 6.74 6.15 6.30 6.20 6.49 5.21 5.60 5.44 5.51 4.97 5.04 5.81 5.94 5.38 4.09 4.71 5.22 5.16 5.45 5.61 5.57 4.89
Payables turnover 6.79 6.41 5.63 5.90 5.99 5.65 5.12 5.92 6.00 5.77 4.99 5.24 5.97 6.13 5.44 4.25 4.99 5.72 5.62 5.72 5.87 5.80 4.87
Working capital turnover 195.30 21.47 15.80 16.16 41.24 38.26 10.45 9.29 8.09 4.76 4.64 2.54 3.04 7.44 8.66 10.53 13.44 9.92 9.99 15.32 15.27 10.17
Average No. Days
Average inventory processing period 73 71 65 71 73 71 67 68 72 73 70 82 59 57 53 75 67 59 51 57 54 54 52
Add: Average receivable collection period 54 54 59 58 59 56 70 65 67 66 73 72 63 61 68 89 78 70 71 67 65 66 75
Operating cycle 127 125 124 129 132 127 137 133 139 139 143 154 122 118 121 164 145 129 122 124 119 120 127
Less: Average payables payment period 54 57 65 62 61 65 71 62 61 63 73 70 61 60 67 86 73 64 65 64 62 63 75
Cash conversion cycle 73 68 59 67 71 62 66 71 78 76 70 84 61 58 54 78 72 65 57 60 57 57 52

Based on: 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-K (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-K (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-K (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-K (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-K (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-Q (reporting date: 2014-12-31), 10-K (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-Q (reporting date: 2013-12-31).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Emerson Electric Co. inventory turnover ratio deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Receivables turnover An activity ratio equal to revenue divided by receivables. Emerson Electric Co. receivables turnover ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Emerson Electric Co. payables turnover ratio increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Emerson Electric Co. working capital turnover ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. Emerson Electric Co. number of days of inventory outstanding deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover.
Operating cycle Equal to average inventory processing period plus average receivables collection period. Emerson Electric Co. operating cycle deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. Emerson Electric Co. number of days of payables outstanding decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. Emerson Electric Co. cash conversion cycle deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Inventory Turnover

Emerson Electric Co., inventory turnover calculation (quarterly data)

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013
Selected Financial Data (US$ in millions)
Cost of sales 2,412 2,392 2,843 2,683 2,645 2,386 2,823 2,507 2,423 2,195 2,631 2,361 2,017 1,851 2,219 2,081 2,037 1,923 3,446 3,269 3,234 3,307 3,918 3,674 3,417 3,370
Inventories 2,058 2,064 1,880 2,061 2,073 1,980 1,813 1,805 1,897 1,845 1,696 1,891 1,331 1,278 1,208 1,949 1,950 1,903 1,847 2,144 2,107 2,121 2,057 2,253 2,233 2,162
Short-term Activity Ratio
Inventory turnover1 5.02 5.12 5.62 5.11 5.00 5.12 5.49 5.40 5.07 4.99 5.22 4.47 6.14 6.41 6.84 4.87 5.47 6.24 7.18 6.40 6.71 6.75 6.99
Benchmarks
Inventory Turnover, Competitors2
Boeing Co. 0.78 0.88 0.94
Caterpillar Inc. 2.82 2.97 3.25
Eaton Corp. plc 6.20 6.00 5.11
GE Aerospace 4.41 4.50 4.97
Honeywell International Inc. 4.88 5.23 5.51
Lockheed Martin Corp. 15.46 14.94 14.22
RTX Corp. 4.85 4.51 5.21

Based on: 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-K (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-K (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-K (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-K (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-K (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-Q (reporting date: 2014-12-31), 10-K (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-Q (reporting date: 2013-12-31).

1 Q2 2020 Calculation
Inventory turnover = (Cost of salesQ2 2020 + Cost of salesQ1 2020 + Cost of salesQ4 2019 + Cost of salesQ3 2019) ÷ Inventories
= (2,412 + 2,392 + 2,843 + 2,683) ÷ 2,058 = 5.02

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Emerson Electric Co. inventory turnover ratio deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Receivables Turnover

Emerson Electric Co., receivables turnover calculation (quarterly data)

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013
Selected Financial Data (US$ in millions)
Net sales 4,162 4,151 4,971 4,684 4,570 4,147 4,888 4,456 4,248 3,816 4,435 4,039 3,574 3,216 3,932 3,674 3,579 3,337 5,814 5,503 5,400 5,587 6,807 6,312 5,812 5,606
Receivables, less allowances 2,641 2,726 2,985 2,901 2,911 2,733 3,344 3,027 3,042 2,881 3,072 2,926 2,479 2,426 2,701 4,014 3,874 3,842 4,319 4,272 4,299 4,404 5,019 4,772 4,563 4,429
Short-term Activity Ratio
Receivables turnover1 6.80 6.74 6.15 6.30 6.20 6.49 5.21 5.60 5.44 5.51 4.97 5.04 5.81 5.94 5.38 4.09 4.71 5.22 5.16 5.45 5.61 5.57 4.89
Benchmarks
Receivables Turnover, Competitors2
Boeing Co. 23.85 21.97 23.44
Caterpillar Inc. 6.11 6.12 5.92
Eaton Corp. plc 7.25 7.07 6.22
GE Aerospace 5.03 5.08 5.22
Honeywell International Inc. 5.14 4.87 4.90
Lockheed Martin Corp. 22.19 21.14 25.59
RTX Corp. 6.79 5.35 5.70

Based on: 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-K (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-K (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-K (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-K (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-K (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-Q (reporting date: 2014-12-31), 10-K (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-Q (reporting date: 2013-12-31).

1 Q2 2020 Calculation
Receivables turnover = (Net salesQ2 2020 + Net salesQ1 2020 + Net salesQ4 2019 + Net salesQ3 2019) ÷ Receivables, less allowances
= (4,162 + 4,151 + 4,971 + 4,684) ÷ 2,641 = 6.80

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Emerson Electric Co. receivables turnover ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Payables Turnover

Emerson Electric Co., payables turnover calculation (quarterly data)

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013
Selected Financial Data (US$ in millions)
Cost of sales 2,412 2,392 2,843 2,683 2,645 2,386 2,823 2,507 2,423 2,195 2,631 2,361 2,017 1,851 2,219 2,081 2,037 1,923 3,446 3,269 3,234 3,307 3,918 3,674 3,417 3,370
Accounts payable 1,521 1,649 1,874 1,785 1,730 1,794 1,943 1,647 1,603 1,596 1,776 1,613 1,368 1,335 1,517 2,230 2,140 2,075 2,358 2,402 2,407 2,468 2,951 2,645 2,522 2,425
Short-term Activity Ratio
Payables turnover1 6.79 6.41 5.63 5.90 5.99 5.65 5.12 5.92 6.00 5.77 4.99 5.24 5.97 6.13 5.44 4.25 4.99 5.72 5.62 5.72 5.87 5.80 4.87
Benchmarks
Payables Turnover, Competitors2
Boeing Co. 4.77 4.69 4.63
Caterpillar Inc. 6.31 6.05 6.15
Eaton Corp. plc 8.18 7.88 6.78
GE Aerospace 4.99 4.57 4.40
Honeywell International Inc. 4.32 4.23 4.25
Lockheed Martin Corp. 37.46 16.70 40.16
RTX Corp. 6.92 4.73 5.28

Based on: 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-K (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-K (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-K (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-K (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-K (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-Q (reporting date: 2014-12-31), 10-K (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-Q (reporting date: 2013-12-31).

1 Q2 2020 Calculation
Payables turnover = (Cost of salesQ2 2020 + Cost of salesQ1 2020 + Cost of salesQ4 2019 + Cost of salesQ3 2019) ÷ Accounts payable
= (2,412 + 2,392 + 2,843 + 2,683) ÷ 1,521 = 6.79

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Emerson Electric Co. payables turnover ratio increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Working Capital Turnover

Emerson Electric Co., working capital turnover calculation (quarterly data)

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013
Selected Financial Data (US$ in millions)
Current assets 8,032 7,196 7,139 7,350 7,152 6,658 6,619 8,576 7,725 8,152 8,252 8,554 9,446 8,877 9,960 10,220 9,913 9,694 10,049 10,644 10,344 10,483 10,867 10,813 10,203 9,999
Less: Current liabilities 7,940 6,340 5,976 6,218 6,714 7,540 6,164 6,954 5,945 6,192 5,045 5,370 3,771 4,146 8,008 8,326 8,182 8,202 7,800 8,312 8,770 8,877 8,454 8,533 7,832 7,108
Working capital 92 856 1,163 1,132 438 (882) 455 1,622 1,780 1,960 3,207 3,184 5,675 4,731 1,952 1,894 1,731 1,492 2,249 2,332 1,574 1,606 2,413 2,280 2,371 2,891
 
Net sales 4,162 4,151 4,971 4,684 4,570 4,147 4,888 4,456 4,248 3,816 4,435 4,039 3,574 3,216 3,932 3,674 3,579 3,337 5,814 5,503 5,400 5,587 6,807 6,312 5,812 5,606
Short-term Activity Ratio
Working capital turnover1 195.30 21.47 15.80 16.16 41.24 38.26 10.45 9.29 8.09 4.76 4.64 2.54 3.04 7.44 8.66 10.53 13.44 9.92 9.99 15.32 15.27 10.17
Benchmarks
Working Capital Turnover, Competitors2
Boeing Co. 1.76 4.27 15.57
Caterpillar Inc. 3.45 4.33 4.04
Eaton Corp. plc 7.05 5.60 5.95
GE Aerospace 6.05 8.72
Honeywell International Inc. 3.14 6.93 5.92
Lockheed Martin Corp. 13.44 17.12 19.15
RTX Corp. 9.23 9.50 26.47

Based on: 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-K (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-K (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-K (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-K (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-K (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-Q (reporting date: 2014-12-31), 10-K (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-Q (reporting date: 2013-12-31).

1 Q2 2020 Calculation
Working capital turnover = (Net salesQ2 2020 + Net salesQ1 2020 + Net salesQ4 2019 + Net salesQ3 2019) ÷ Working capital
= (4,162 + 4,151 + 4,971 + 4,684) ÷ 92 = 195.30

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. Emerson Electric Co. working capital turnover ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Average Inventory Processing Period

Emerson Electric Co., average inventory processing period calculation (quarterly data)

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013
Selected Financial Data
Inventory turnover 5.02 5.12 5.62 5.11 5.00 5.12 5.49 5.40 5.07 4.99 5.22 4.47 6.14 6.41 6.84 4.87 5.47 6.24 7.18 6.40 6.71 6.75 6.99
Short-term Activity Ratio (no. days)
Average inventory processing period1 73 71 65 71 73 71 67 68 72 73 70 82 59 57 53 75 67 59 51 57 54 54 52
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Boeing Co. 468 416 388
Caterpillar Inc. 129 123 112
Eaton Corp. plc 59 61 71
GE Aerospace 83 81 74
Honeywell International Inc. 75 70 66
Lockheed Martin Corp. 24 24 26
RTX Corp. 75 81 70

Based on: 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-K (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-K (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-K (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-K (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-K (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-Q (reporting date: 2014-12-31), 10-K (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-Q (reporting date: 2013-12-31).

1 Q2 2020 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 5.02 = 73

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. Emerson Electric Co. number of days of inventory outstanding deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Average Receivable Collection Period

Emerson Electric Co., average receivable collection period calculation (quarterly data)

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013
Selected Financial Data
Receivables turnover 6.80 6.74 6.15 6.30 6.20 6.49 5.21 5.60 5.44 5.51 4.97 5.04 5.81 5.94 5.38 4.09 4.71 5.22 5.16 5.45 5.61 5.57 4.89
Short-term Activity Ratio (no. days)
Average receivable collection period1 54 54 59 58 59 56 70 65 67 66 73 72 63 61 68 89 78 70 71 67 65 66 75
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Boeing Co. 15 17 16
Caterpillar Inc. 60 60 62
Eaton Corp. plc 50 52 59
GE Aerospace 73 72 70
Honeywell International Inc. 71 75 75
Lockheed Martin Corp. 16 17 14
RTX Corp. 54 68 64

Based on: 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-K (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-K (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-K (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-K (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-K (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-Q (reporting date: 2014-12-31), 10-K (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-Q (reporting date: 2013-12-31).

1 Q2 2020 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 6.80 = 54

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover.

Operating Cycle

Emerson Electric Co., operating cycle calculation (quarterly data)

No. days

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013
Selected Financial Data
Average inventory processing period 73 71 65 71 73 71 67 68 72 73 70 82 59 57 53 75 67 59 51 57 54 54 52
Average receivable collection period 54 54 59 58 59 56 70 65 67 66 73 72 63 61 68 89 78 70 71 67 65 66 75
Short-term Activity Ratio
Operating cycle1 127 125 124 129 132 127 137 133 139 139 143 154 122 118 121 164 145 129 122 124 119 120 127
Benchmarks
Operating Cycle, Competitors2
Boeing Co. 483 433 404
Caterpillar Inc. 189 183 174
Eaton Corp. plc 109 113 130
GE Aerospace 156 153 144
Honeywell International Inc. 146 145 141
Lockheed Martin Corp. 40 41 40
RTX Corp. 129 149 134

Based on: 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-K (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-K (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-K (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-K (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-K (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-Q (reporting date: 2014-12-31), 10-K (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-Q (reporting date: 2013-12-31).

1 Q2 2020 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 73 + 54 = 127

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period. Emerson Electric Co. operating cycle deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Average Payables Payment Period

Emerson Electric Co., average payables payment period calculation (quarterly data)

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013
Selected Financial Data
Payables turnover 6.79 6.41 5.63 5.90 5.99 5.65 5.12 5.92 6.00 5.77 4.99 5.24 5.97 6.13 5.44 4.25 4.99 5.72 5.62 5.72 5.87 5.80 4.87
Short-term Activity Ratio (no. days)
Average payables payment period1 54 57 65 62 61 65 71 62 61 63 73 70 61 60 67 86 73 64 65 64 62 63 75
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Boeing Co. 77 78 79
Caterpillar Inc. 58 60 59
Eaton Corp. plc 45 46 54
GE Aerospace 73 80 83
Honeywell International Inc. 85 86 86
Lockheed Martin Corp. 10 22 9
RTX Corp. 53 77 69

Based on: 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-K (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-K (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-K (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-K (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-K (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-Q (reporting date: 2014-12-31), 10-K (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-Q (reporting date: 2013-12-31).

1 Q2 2020 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 6.79 = 54

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. Emerson Electric Co. number of days of payables outstanding decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Cash Conversion Cycle

Emerson Electric Co., cash conversion cycle calculation (quarterly data)

No. days

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013
Selected Financial Data
Average inventory processing period 73 71 65 71 73 71 67 68 72 73 70 82 59 57 53 75 67 59 51 57 54 54 52
Average receivable collection period 54 54 59 58 59 56 70 65 67 66 73 72 63 61 68 89 78 70 71 67 65 66 75
Average payables payment period 54 57 65 62 61 65 71 62 61 63 73 70 61 60 67 86 73 64 65 64 62 63 75
Short-term Activity Ratio
Cash conversion cycle1 73 68 59 67 71 62 66 71 78 76 70 84 61 58 54 78 72 65 57 60 57 57 52
Benchmarks
Cash Conversion Cycle, Competitors2
Boeing Co. 406 355 325
Caterpillar Inc. 131 123 115
Eaton Corp. plc 64 67 76
GE Aerospace 83 73 61
Honeywell International Inc. 61 59 55
Lockheed Martin Corp. 30 19 31
RTX Corp. 76 72 65

Based on: 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-K (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-K (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-K (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-K (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-K (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-Q (reporting date: 2014-12-31), 10-K (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-Q (reporting date: 2013-12-31).

1 Q2 2020 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 73 + 5454 = 73

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. Emerson Electric Co. cash conversion cycle deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.