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)
Johnson & Johnson, long-term (investment) activity ratios
Based on: 10-K (reporting date: 2024-12-29), 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).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Johnson & Johnson net fixed asset turnover ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
| 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). | Johnson & Johnson net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Johnson & Johnson total asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Johnson & Johnson equity turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Net Fixed Asset Turnover
Johnson & Johnson, net fixed asset turnover calculation, comparison to benchmarks
| Dec 29, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Sales to customers | 88,821) | 85,159) | 94,943) | 93,775) | 82,584) | |
| Property, plant and equipment, net | 20,518) | 19,898) | 19,803) | 18,962) | 18,766) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover1 | 4.33 | 4.28 | 4.79 | 4.95 | 4.40 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||
| AbbVie Inc. | 10.97 | 10.89 | 11.76 | 11.00 | 8.73 | |
| Amgen Inc. | 4.89 | 4.53 | 4.57 | 4.69 | 4.96 | |
| Bristol-Myers Squibb Co. | 6.77 | 6.77 | 7.38 | 7.67 | 7.22 | |
| Danaher Corp. | 4.78 | 5.25 | 7.96 | 7.77 | 6.83 | |
| Eli Lilly & Co. | 2.63 | 2.64 | 2.81 | 3.15 | 2.83 | |
| Gilead Sciences Inc. | 5.28 | 5.07 | 4.93 | 5.27 | 4.90 | |
| Merck & Co. Inc. | 2.70 | 2.61 | 2.77 | 2.53 | 2.67 | |
| Pfizer Inc. | 3.46 | 3.14 | 6.22 | 5.52 | 3.07 | |
| Regeneron Pharmaceuticals Inc. | 3.09 | 3.16 | 3.23 | 4.62 | 2.64 | |
| Thermo Fisher Scientific Inc. | 4.61 | 4.54 | 4.84 | 4.71 | 5.45 | |
| Vertex Pharmaceuticals Inc. | 8.98 | 8.51 | 8.06 | 6.92 | 6.47 | |
| Net Fixed Asset Turnover, Sector | ||||||
| Pharmaceuticals, Biotechnology & Life Sciences | 4.18 | 4.12 | 4.98 | 4.98 | 4.31 | |
| Net Fixed Asset Turnover, Industry | ||||||
| Health Care | 8.88 | 8.80 | 9.32 | 9.09 | 8.34 | |
Based on: 10-K (reporting date: 2024-12-29), 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).
1 2024 Calculation
Net fixed asset turnover = Sales to customers ÷ Property, plant and equipment, net
= 88,821 ÷ 20,518 = 4.33
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. | Johnson & Johnson net fixed asset turnover ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Johnson & Johnson, net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Dec 29, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Sales to customers | 88,821) | 85,159) | 94,943) | 93,775) | 82,584) | |
| Property, plant and equipment, net | 20,518) | 19,898) | 19,803) | 18,962) | 18,766) | |
| ROU asset pertaining to operating leases | 1,100) | 1,000) | 1,100) | 900) | 1,000) | |
| Property, plant and equipment, net (including operating lease, right-of-use asset) | 21,618) | 20,898) | 20,903) | 19,862) | 19,766) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 4.11 | 4.07 | 4.54 | 4.72 | 4.18 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | ||||||
| AbbVie Inc. | 9.62 | 9.47 | 10.24 | 9.57 | 7.46 | |
| Amgen Inc. | 4.51 | 4.08 | 4.13 | 4.23 | 4.58 | |
| Bristol-Myers Squibb Co. | 5.78 | 5.60 | 6.18 | 6.66 | 6.30 | |
| Danaher Corp. | 3.93 | 4.26 | 6.35 | 6.10 | 5.30 | |
| Eli Lilly & Co. | 2.48 | 2.45 | 2.63 | 2.93 | 2.63 | |
| Gilead Sciences Inc. | 4.83 | 4.57 | 4.51 | 4.77 | 4.34 | |
| Merck & Co. Inc. | 2.55 | 2.45 | 2.60 | 2.33 | 2.43 | |
| Pfizer Inc. | 3.08 | 2.72 | 5.25 | 4.64 | 2.79 | |
| Regeneron Pharmaceuticals Inc. | 2.95 | 3.11 | 3.17 | 4.52 | 2.58 | |
| Thermo Fisher Scientific Inc. | 3.97 | 3.89 | 4.13 | 3.98 | 4.82 | |
| Vertex Pharmaceuticals Inc. | 4.26 | 6.79 | 6.13 | 5.32 | 4.83 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | ||||||
| Pharmaceuticals, Biotechnology & Life Sciences | 3.78 | 3.71 | 4.48 | 4.45 | 3.91 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | ||||||
| Health Care | 7.33 | 7.17 | 7.48 | 7.17 | 6.51 | |
Based on: 10-K (reporting date: 2024-12-29), 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).
1 2024 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Sales to customers ÷ Property, plant and equipment, net (including operating lease, right-of-use asset)
= 88,821 ÷ 21,618 = 4.11
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). | Johnson & Johnson net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Total Asset Turnover
Johnson & Johnson, total asset turnover calculation, comparison to benchmarks
| Dec 29, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Sales to customers | 88,821) | 85,159) | 94,943) | 93,775) | 82,584) | |
| Total assets | 180,104) | 167,558) | 187,378) | 182,018) | 174,894) | |
| Long-term Activity Ratio | ||||||
| Total asset turnover1 | 0.49 | 0.51 | 0.51 | 0.52 | 0.47 | |
| Benchmarks | ||||||
| Total Asset Turnover, Competitors2 | ||||||
| AbbVie Inc. | 0.42 | 0.40 | 0.42 | 0.38 | 0.30 | |
| Amgen Inc. | 0.35 | 0.28 | 0.38 | 0.40 | 0.39 | |
| Bristol-Myers Squibb Co. | 0.52 | 0.47 | 0.48 | 0.42 | 0.36 | |
| Danaher Corp. | 0.31 | 0.28 | 0.37 | 0.35 | 0.29 | |
| Eli Lilly & Co. | 0.57 | 0.53 | 0.58 | 0.58 | 0.53 | |
| Gilead Sciences Inc. | 0.48 | 0.43 | 0.43 | 0.40 | 0.36 | |
| Merck & Co. Inc. | 0.55 | 0.56 | 0.54 | 0.46 | 0.52 | |
| Pfizer Inc. | 0.30 | 0.26 | 0.51 | 0.45 | 0.28 | |
| Regeneron Pharmaceuticals Inc. | 0.38 | 0.40 | 0.42 | 0.63 | 0.50 | |
| Thermo Fisher Scientific Inc. | 0.44 | 0.43 | 0.46 | 0.41 | 0.47 | |
| Vertex Pharmaceuticals Inc. | 0.49 | 0.43 | 0.49 | 0.56 | 0.53 | |
| Total Asset Turnover, Sector | ||||||
| Pharmaceuticals, Biotechnology & Life Sciences | 0.43 | 0.40 | 0.47 | 0.45 | 0.39 | |
| Total Asset Turnover, Industry | ||||||
| Health Care | 0.75 | 0.73 | 0.75 | 0.70 | 0.64 | |
Based on: 10-K (reporting date: 2024-12-29), 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).
1 2024 Calculation
Total asset turnover = Sales to customers ÷ Total assets
= 88,821 ÷ 180,104 = 0.49
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. | Johnson & Johnson total asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Equity Turnover
Johnson & Johnson, equity turnover calculation, comparison to benchmarks
| Dec 29, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Sales to customers | 88,821) | 85,159) | 94,943) | 93,775) | 82,584) | |
| Shareholders’ equity | 71,490) | 68,774) | 76,804) | 74,023) | 63,278) | |
| Long-term Activity Ratio | ||||||
| Equity turnover1 | 1.24 | 1.24 | 1.24 | 1.27 | 1.31 | |
| Benchmarks | ||||||
| Equity Turnover, Competitors2 | ||||||
| AbbVie Inc. | 16.94 | 5.24 | 3.36 | 3.65 | 3.50 | |
| Amgen Inc. | 5.45 | 4.32 | 6.77 | 3.63 | 2.58 | |
| Bristol-Myers Squibb Co. | 2.96 | 1.53 | 1.49 | 1.29 | 1.12 | |
| Danaher Corp. | 0.48 | 0.45 | 0.63 | 0.65 | 0.56 | |
| Eli Lilly & Co. | 3.17 | 3.17 | 2.68 | 3.15 | 4.35 | |
| Gilead Sciences Inc. | 1.48 | 1.18 | 1.27 | 1.28 | 1.34 | |
| Merck & Co. Inc. | 1.39 | 1.60 | 1.29 | 1.28 | 1.90 | |
| Pfizer Inc. | 0.72 | 0.67 | 1.06 | 1.06 | 0.67 | |
| Regeneron Pharmaceuticals Inc. | 0.48 | 0.51 | 0.54 | 0.86 | 0.77 | |
| Thermo Fisher Scientific Inc. | 0.86 | 0.92 | 1.02 | 0.96 | 0.93 | |
| Vertex Pharmaceuticals Inc. | 0.67 | 0.56 | 0.64 | 0.75 | 0.71 | |
| Equity Turnover, Sector | ||||||
| Pharmaceuticals, Biotechnology & Life Sciences | 1.27 | 1.15 | 1.24 | 1.27 | 1.22 | |
| Equity Turnover, Industry | ||||||
| Health Care | 2.10 | 2.00 | 1.97 | 1.91 | 1.89 | |
Based on: 10-K (reporting date: 2024-12-29), 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).
1 2024 Calculation
Equity turnover = Sales to customers ÷ Shareholders’ equity
= 88,821 ÷ 71,490 = 1.24
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. | Johnson & Johnson equity turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |