Stock Analysis on Net

Sherwin-Williams Co. (NYSE:SHW)

This company has been moved to the archive! The financial data has not been updated since July 27, 2022.

Analysis of Long-term (Investment) Activity Ratios

Microsoft Excel

Long-term Activity Ratios (Summary)

Sherwin-Williams Co., long-term (investment) activity ratios

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Net fixed asset turnover 10.68 10.01 9.75 9.87 7.98
Net fixed asset turnover (including operating lease, right-of-use asset) 5.41 5.11 5.08 9.87 7.98
Total asset turnover 0.97 0.90 0.87 0.92 0.75
Equity turnover 8.18 5.09 4.34 4.70 4.06

Based on: 10-K (reporting date: 2021-12-31), 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).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Sherwin-Williams Co. net fixed asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021.
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). Sherwin-Williams Co. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2019 to 2020 and from 2020 to 2021.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Sherwin-Williams Co. total asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Sherwin-Williams Co. equity turnover ratio improved from 2019 to 2020 and from 2020 to 2021.

Net Fixed Asset Turnover

Sherwin-Williams Co., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Net sales 19,944,600 18,361,700 17,900,800 17,534,493 14,983,788
Property, plant and equipment, net 1,867,300 1,834,500 1,835,200 1,776,839 1,877,115
Long-term Activity Ratio
Net fixed asset turnover1 10.68 10.01 9.75 9.87 7.98
Benchmarks
Net Fixed Asset Turnover, Competitors2
Linde plc 1.18 0.94 0.97
Net Fixed Asset Turnover, Industry
Materials 0.95 0.71 0.73

Based on: 10-K (reporting date: 2021-12-31), 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).

1 2021 Calculation
Net fixed asset turnover = Net sales ÷ Property, plant and equipment, net
= 19,944,600 ÷ 1,867,300 = 10.68

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. Sherwin-Williams Co. net fixed asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

Sherwin-Williams Co., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Net sales 19,944,600 18,361,700 17,900,800 17,534,493 14,983,788
 
Property, plant and equipment, net 1,867,300 1,834,500 1,835,200 1,776,839 1,877,115
Operating lease right-of-use assets 1,820,600 1,761,100 1,685,600
Property, plant and equipment, net (including operating lease, right-of-use asset) 3,687,900 3,595,600 3,520,800 1,776,839 1,877,115
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 5.41 5.11 5.08 9.87 7.98
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Linde plc 1.14 0.91 0.94
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Materials 0.94 0.70 0.71

Based on: 10-K (reporting date: 2021-12-31), 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).

1 2021 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)
= 19,944,600 ÷ 3,687,900 = 5.41

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). Sherwin-Williams Co. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2019 to 2020 and from 2020 to 2021.

Total Asset Turnover

Sherwin-Williams Co., total asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Net sales 19,944,600 18,361,700 17,900,800 17,534,493 14,983,788
Total assets 20,666,700 20,401,600 20,496,200 19,134,279 19,958,427
Long-term Activity Ratio
Total asset turnover1 0.97 0.90 0.87 0.92 0.75
Benchmarks
Total Asset Turnover, Competitors2
Linde plc 0.38 0.31 0.33
Total Asset Turnover, Industry
Materials 0.41 0.32 0.33

Based on: 10-K (reporting date: 2021-12-31), 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).

1 2021 Calculation
Total asset turnover = Net sales ÷ Total assets
= 19,944,600 ÷ 20,666,700 = 0.97

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. Sherwin-Williams Co. total asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021.

Equity Turnover

Sherwin-Williams Co., equity turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Net sales 19,944,600 18,361,700 17,900,800 17,534,493 14,983,788
Shareholders’ equity 2,437,200 3,610,800 4,123,300 3,730,745 3,692,188
Long-term Activity Ratio
Equity turnover1 8.18 5.09 4.34 4.70 4.06
Benchmarks
Equity Turnover, Competitors2
Linde plc 0.70 0.58 0.58
Equity Turnover, Industry
Materials 0.92 0.72 0.73

Based on: 10-K (reporting date: 2021-12-31), 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).

1 2021 Calculation
Equity turnover = Net sales ÷ Shareholders’ equity
= 19,944,600 ÷ 2,437,200 = 8.18

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. Sherwin-Williams Co. equity turnover ratio improved from 2019 to 2020 and from 2020 to 2021.