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)
Kimberly-Clark Corp., long-term (investment) activity ratios
Based on: 10-K (reporting date: 2020-12-31), 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).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Kimberly-Clark Corp. net fixed asset turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020. |
| 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). | Kimberly-Clark Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2018 to 2019 and from 2019 to 2020. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Kimberly-Clark Corp. total asset turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020. |
Net Fixed Asset Turnover
Kimberly-Clark Corp., net fixed asset turnover calculation, comparison to benchmarks
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net sales | 19,140) | 18,450) | 18,486) | 18,259) | 18,202) | |
| Property, plant and equipment, net | 8,042) | 7,450) | 7,159) | 7,436) | 7,169) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover1 | 2.38 | 2.48 | 2.58 | 2.46 | 2.54 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||
| Procter & Gamble Co. | 3.43 | 3.18 | — | — | — | |
| Net Fixed Asset Turnover, Industry | ||||||
| Consumer Staples | 4.45 | 4.35 | — | — | — | |
Based on: 10-K (reporting date: 2020-12-31), 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).
1 2020 Calculation
Net fixed asset turnover = Net sales ÷ Property, plant and equipment, net
= 19,140 ÷ 8,042 = 2.38
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. | Kimberly-Clark Corp. net fixed asset turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Kimberly-Clark Corp., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net sales | 19,140) | 18,450) | 18,486) | 18,259) | 18,202) | |
| Property, plant and equipment, net | 8,042) | 7,450) | 7,159) | 7,436) | 7,169) | |
| Operating lease assets (classified in Other assets) | 540) | 396) | —) | —) | —) | |
| Property, plant and equipment, net (including operating lease, right-of-use asset) | 8,582) | 7,846) | 7,159) | 7,436) | 7,169) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 2.23 | 2.35 | 2.58 | 2.46 | 2.54 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | ||||||
| Procter & Gamble Co. | 3.29 | 3.18 | — | — | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | ||||||
| Consumer Staples | 3.96 | 4.23 | — | — | — | |
Based on: 10-K (reporting date: 2020-12-31), 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).
1 2020 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)
= 19,140 ÷ 8,582 = 2.23
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). | Kimberly-Clark Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2018 to 2019 and from 2019 to 2020. |
Total Asset Turnover
Kimberly-Clark Corp., total asset turnover calculation, comparison to benchmarks
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net sales | 19,140) | 18,450) | 18,486) | 18,259) | 18,202) | |
| Total assets | 17,523) | 15,283) | 14,518) | 15,151) | 14,602) | |
| Long-term Activity Ratio | ||||||
| Total asset turnover1 | 1.09 | 1.21 | 1.27 | 1.21 | 1.25 | |
| Benchmarks | ||||||
| Total Asset Turnover, Competitors2 | ||||||
| Procter & Gamble Co. | 0.59 | 0.59 | — | — | — | |
| Total Asset Turnover, Industry | ||||||
| Consumer Staples | 1.28 | 1.33 | — | — | — | |
Based on: 10-K (reporting date: 2020-12-31), 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).
1 2020 Calculation
Total asset turnover = Net sales ÷ Total assets
= 19,140 ÷ 17,523 = 1.09
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. | Kimberly-Clark Corp. total asset turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020. |
Equity Turnover
Kimberly-Clark Corp., equity turnover calculation, comparison to benchmarks
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net sales | 19,140) | 18,450) | 18,486) | 18,259) | 18,202) | |
| Total Kimberly-Clark Corporation stockholders’ equity | 626) | (33) | (287) | 629) | (102) | |
| Long-term Activity Ratio | ||||||
| Equity turnover1 | 30.58 | — | — | 29.03 | — | |
| Benchmarks | ||||||
| Equity Turnover, Competitors2 | ||||||
| Procter & Gamble Co. | 1.53 | 1.43 | — | — | — | |
| Equity Turnover, Industry | ||||||
| Consumer Staples | 5.03 | 4.89 | — | — | — | |
Based on: 10-K (reporting date: 2020-12-31), 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).
1 2020 Calculation
Equity turnover = Net sales ÷ Total Kimberly-Clark Corporation stockholders’ equity
= 19,140 ÷ 626 = 30.58
2 Click competitor name to see calculations.