Stock Analysis on Net
Stock Analysis on Net

Monsanto Co. (NYSE:MON)

This company has been moved to the archive! The financial data has not been updated since April 5, 2018.

Analysis of Short-term (Operating) Activity Ratios

Microsoft Excel

Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.

Short-term Activity Ratios (Summary)

Monsanto Co., short-term (operating) activity ratios

Microsoft Excel
Aug 31, 2017 Aug 31, 2016 Aug 31, 2015 Aug 31, 2014 Aug 31, 2013 Aug 31, 2012
Turnover Ratios
Inventory turnover 2.01 2.00 1.95 2.02 2.45 2.28
Receivables turnover 6.77 7.01 9.17 7.87 8.67 7.12
Payables turnover 6.28 6.45 8.16 6.55 7.24 8.13
Working capital turnover 6.50 9.46 2.75 3.47 2.59 2.48
Average No. Days
Average inventory processing period 182 182 187 180 149 160
Add: Average receivable collection period 54 52 40 46 42 51
Operating cycle 236 234 227 226 191 211
Less: Average payables payment period 58 57 45 56 50 45
Cash conversion cycle 178 177 182 170 141 166

Based on: 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Monsanto Co. inventory turnover ratio improved from 2015 to 2016 and from 2016 to 2017.
Receivables turnover An activity ratio equal to revenue divided by receivables. Monsanto Co. receivables turnover ratio deteriorated from 2015 to 2016 and from 2016 to 2017.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Monsanto Co. payables turnover ratio decreased from 2015 to 2016 and from 2016 to 2017.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Monsanto Co. working capital turnover ratio improved from 2015 to 2016 but then slightly deteriorated from 2016 to 2017.
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.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Monsanto Co. number of days of receivables outstanding deteriorated from 2015 to 2016 and from 2016 to 2017.
Operating cycle Equal to average inventory processing period plus average receivables collection period. Monsanto Co. operating cycle deteriorated from 2015 to 2016 and from 2016 to 2017.
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. Monsanto Co. number of days of payables outstanding increased from 2015 to 2016 and from 2016 to 2017.
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. Monsanto Co. cash conversion cycle improved from 2015 to 2016 but then slightly deteriorated from 2016 to 2017.

Inventory Turnover

Monsanto Co., inventory turnover calculation, comparison to benchmarks

Microsoft Excel
Aug 31, 2017 Aug 31, 2016 Aug 31, 2015 Aug 31, 2014 Aug 31, 2013 Aug 31, 2012
Selected Financial Data (US$ in millions)
Cost of goods sold 6,703 6,485 6,819 7,281 7,208 6,459
Inventory, net 3,340 3,241 3,496 3,597 2,947 2,839
Short-term Activity Ratio
Inventory turnover1 2.01 2.00 1.95 2.02 2.45 2.28
Benchmarks
Inventory Turnover, Competitors2
lululemon athletica inc. — — — — — —
Nike Inc. — — — — — —

Based on: 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31).

1 2017 Calculation
Inventory turnover = Cost of goods sold ÷ Inventory, net
= 6,703 ÷ 3,340 = 2.01

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. Monsanto Co. inventory turnover ratio improved from 2015 to 2016 and from 2016 to 2017.

Receivables Turnover

Monsanto Co., receivables turnover calculation, comparison to benchmarks

Microsoft Excel
Aug 31, 2017 Aug 31, 2016 Aug 31, 2015 Aug 31, 2014 Aug 31, 2013 Aug 31, 2012
Selected Financial Data (US$ in millions)
Net sales 14,640 13,502 15,001 15,855 14,861 13,504
Trade receivables, net 2,161 1,926 1,636 2,014 1,715 1,897
Short-term Activity Ratio
Receivables turnover1 6.77 7.01 9.17 7.87 8.67 7.12
Benchmarks
Receivables Turnover, Competitors2
lululemon athletica inc. — — — — — —
Nike Inc. — — — — — —

Based on: 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31).

1 2017 Calculation
Receivables turnover = Net sales ÷ Trade receivables, net
= 14,640 ÷ 2,161 = 6.77

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. Monsanto Co. receivables turnover ratio deteriorated from 2015 to 2016 and from 2016 to 2017.

Payables Turnover

Monsanto Co., payables turnover calculation, comparison to benchmarks

Microsoft Excel
Aug 31, 2017 Aug 31, 2016 Aug 31, 2015 Aug 31, 2014 Aug 31, 2013 Aug 31, 2012
Selected Financial Data (US$ in millions)
Cost of goods sold 6,703 6,485 6,819 7,281 7,208 6,459
Accounts payable 1,068 1,006 836 1,111 995 794
Short-term Activity Ratio
Payables turnover1 6.28 6.45 8.16 6.55 7.24 8.13
Benchmarks
Payables Turnover, Competitors2
lululemon athletica inc. — — — — — —
Nike Inc. — — — — — —

Based on: 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31).

1 2017 Calculation
Payables turnover = Cost of goods sold ÷ Accounts payable
= 6,703 ÷ 1,068 = 6.28

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. Monsanto Co. payables turnover ratio decreased from 2015 to 2016 and from 2016 to 2017.

Working Capital Turnover

Monsanto Co., working capital turnover calculation, comparison to benchmarks

Microsoft Excel
Aug 31, 2017 Aug 31, 2016 Aug 31, 2015 Aug 31, 2014 Aug 31, 2013 Aug 31, 2012
Selected Financial Data (US$ in millions)
Current assets 8,651 8,157 10,625 9,675 10,077 9,658
Less: Current liabilities 6,398 6,729 5,177 5,112 4,336 4,221
Working capital 2,253 1,428 5,448 4,563 5,741 5,437
 
Net sales 14,640 13,502 15,001 15,855 14,861 13,504
Short-term Activity Ratio
Working capital turnover1 6.50 9.46 2.75 3.47 2.59 2.48
Benchmarks
Working Capital Turnover, Competitors2
lululemon athletica inc. — — — — — —
Nike Inc. — — — — — —

Based on: 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31).

1 2017 Calculation
Working capital turnover = Net sales ÷ Working capital
= 14,640 ÷ 2,253 = 6.50

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. Monsanto Co. working capital turnover ratio improved from 2015 to 2016 but then slightly deteriorated from 2016 to 2017.

Average Inventory Processing Period

Monsanto Co., average inventory processing period calculation, comparison to benchmarks

Microsoft Excel
Aug 31, 2017 Aug 31, 2016 Aug 31, 2015 Aug 31, 2014 Aug 31, 2013 Aug 31, 2012
Selected Financial Data
Inventory turnover 2.01 2.00 1.95 2.02 2.45 2.28
Short-term Activity Ratio (no. days)
Average inventory processing period1 182 182 187 180 149 160
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
lululemon athletica inc. — — — — — —
Nike Inc. — — — — — —

Based on: 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31).

1 2017 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 2.01 = 182

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.

Average Receivable Collection Period

Monsanto Co., average receivable collection period calculation, comparison to benchmarks

Microsoft Excel
Aug 31, 2017 Aug 31, 2016 Aug 31, 2015 Aug 31, 2014 Aug 31, 2013 Aug 31, 2012
Selected Financial Data
Receivables turnover 6.77 7.01 9.17 7.87 8.67 7.12
Short-term Activity Ratio (no. days)
Average receivable collection period1 54 52 40 46 42 51
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
lululemon athletica inc. — — — — — —
Nike Inc. — — — — — —

Based on: 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31).

1 2017 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 6.77 = 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. Monsanto Co. number of days of receivables outstanding deteriorated from 2015 to 2016 and from 2016 to 2017.

Operating Cycle

Monsanto Co., operating cycle calculation, comparison to benchmarks

No. days

Microsoft Excel
Aug 31, 2017 Aug 31, 2016 Aug 31, 2015 Aug 31, 2014 Aug 31, 2013 Aug 31, 2012
Selected Financial Data
Average inventory processing period 182 182 187 180 149 160
Average receivable collection period 54 52 40 46 42 51
Short-term Activity Ratio
Operating cycle1 236 234 227 226 191 211
Benchmarks
Operating Cycle, Competitors2
lululemon athletica inc. — — — — — —
Nike Inc. — — — — — —

Based on: 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31).

1 2017 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 182 + 54 = 236

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. Monsanto Co. operating cycle deteriorated from 2015 to 2016 and from 2016 to 2017.

Average Payables Payment Period

Monsanto Co., average payables payment period calculation, comparison to benchmarks

Microsoft Excel
Aug 31, 2017 Aug 31, 2016 Aug 31, 2015 Aug 31, 2014 Aug 31, 2013 Aug 31, 2012
Selected Financial Data
Payables turnover 6.28 6.45 8.16 6.55 7.24 8.13
Short-term Activity Ratio (no. days)
Average payables payment period1 58 57 45 56 50 45
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
lululemon athletica inc. — — — — — —
Nike Inc. — — — — — —

Based on: 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31).

1 2017 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 6.28 = 58

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. Monsanto Co. number of days of payables outstanding increased from 2015 to 2016 and from 2016 to 2017.

Cash Conversion Cycle

Monsanto Co., cash conversion cycle calculation, comparison to benchmarks

No. days

Microsoft Excel
Aug 31, 2017 Aug 31, 2016 Aug 31, 2015 Aug 31, 2014 Aug 31, 2013 Aug 31, 2012
Selected Financial Data
Average inventory processing period 182 182 187 180 149 160
Average receivable collection period 54 52 40 46 42 51
Average payables payment period 58 57 45 56 50 45
Short-term Activity Ratio
Cash conversion cycle1 178 177 182 170 141 166
Benchmarks
Cash Conversion Cycle, Competitors2
lululemon athletica inc. — — — — — —
Nike Inc. — — — — — —

Based on: 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31).

1 2017 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 182 + 54 – 58 = 178

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. Monsanto Co. cash conversion cycle improved from 2015 to 2016 but then slightly deteriorated from 2016 to 2017.