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)
T-Mobile US Inc., long-term (investment) activity ratios
Based on: 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), 10-K (reporting date: 2019-12-31).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | T-Mobile US Inc. net fixed asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
| 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). | T-Mobile US Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | T-Mobile US Inc. total asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | T-Mobile US Inc. equity turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Net Fixed Asset Turnover
T-Mobile US Inc., net fixed asset turnover calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 78,558) | 79,571) | 80,118) | 68,397) | 44,998) | |
| Property and equipment, net, including financing lease right-of-use assets | 43,702) | 45,343) | 43,125) | 44,203) | 24,699) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover1 | 1.80 | 1.75 | 1.86 | 1.55 | 1.82 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||
| AT&T Inc. | 0.95 | 0.95 | 1.34 | 1.35 | 1.39 | |
| Verizon Communications Inc. | 1.24 | 1.27 | 1.34 | 1.35 | 1.43 | |
| Net Fixed Asset Turnover, Sector | ||||||
| Telecommunication Services | 1.19 | 1.20 | 1.42 | 1.38 | 1.45 | |
| Net Fixed Asset Turnover, Industry | ||||||
| Communication Services | 1.68 | 1.73 | 1.90 | 1.72 | 1.81 | |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Net fixed asset turnover = Revenues ÷ Property and equipment, net, including financing lease right-of-use assets
= 78,558 ÷ 43,702 = 1.80
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. | T-Mobile US Inc. net fixed asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
T-Mobile US Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 78,558) | 79,571) | 80,118) | 68,397) | 44,998) | |
| Property and equipment, net, including financing lease right-of-use assets | 43,702) | 45,343) | 43,125) | 44,203) | 24,699) | |
| Operating lease right-of-use assets | 27,135) | 28,715) | 26,959) | 28,021) | 10,933) | |
| Property and equipment, net, including financing lease right-of-use assets (including operating lease, right-of-use asset) | 70,837) | 74,058) | 70,084) | 72,224) | 35,632) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 1.11 | 1.07 | 1.14 | 0.95 | 1.26 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | ||||||
| AT&T Inc. | 0.82 | 0.81 | 1.13 | 1.13 | 1.18 | |
| Verizon Communications Inc. | 1.01 | 1.02 | 1.05 | 1.09 | 1.15 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | ||||||
| Telecommunication Services | 0.95 | 0.94 | 1.10 | 1.08 | 1.18 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | ||||||
| Communication Services | 1.42 | 1.43 | 1.54 | 1.41 | 1.52 | |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenues ÷ Property and equipment, net, including financing lease right-of-use assets (including operating lease, right-of-use asset)
= 78,558 ÷ 70,837 = 1.11
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). | T-Mobile US Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Total Asset Turnover
T-Mobile US Inc., total asset turnover calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 78,558) | 79,571) | 80,118) | 68,397) | 44,998) | |
| Total assets | 207,682) | 211,338) | 206,563) | 200,162) | 86,921) | |
| Long-term Activity Ratio | ||||||
| Total asset turnover1 | 0.38 | 0.38 | 0.39 | 0.34 | 0.52 | |
| Benchmarks | ||||||
| Total Asset Turnover, Competitors2 | ||||||
| AT&T Inc. | 0.30 | 0.30 | 0.31 | 0.33 | 0.33 | |
| Verizon Communications Inc. | 0.35 | 0.36 | 0.36 | 0.41 | 0.45 | |
| Total Asset Turnover, Sector | ||||||
| Telecommunication Services | 0.34 | 0.34 | 0.34 | 0.35 | 0.38 | |
| Total Asset Turnover, Industry | ||||||
| Communication Services | 0.48 | 0.47 | 0.45 | 0.41 | 0.43 | |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Total asset turnover = Revenues ÷ Total assets
= 78,558 ÷ 207,682 = 0.38
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. | T-Mobile US Inc. total asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Equity Turnover
T-Mobile US Inc., equity turnover calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 78,558) | 79,571) | 80,118) | 68,397) | 44,998) | |
| Stockholders’ equity | 64,715) | 69,656) | 69,102) | 65,344) | 28,789) | |
| Long-term Activity Ratio | ||||||
| Equity turnover1 | 1.21 | 1.14 | 1.16 | 1.05 | 1.56 | |
| Benchmarks | ||||||
| Equity Turnover, Competitors2 | ||||||
| AT&T Inc. | 1.19 | 1.24 | 1.02 | 1.06 | 0.98 | |
| Verizon Communications Inc. | 1.45 | 1.50 | 1.63 | 1.89 | 2.15 | |
| Equity Turnover, Sector | ||||||
| Telecommunication Services | 1.29 | 1.31 | 1.21 | 1.25 | 1.30 | |
| Equity Turnover, Industry | ||||||
| Communication Services | 1.14 | 1.16 | 1.09 | 1.00 | 1.04 | |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Equity turnover = Revenues ÷ Stockholders’ equity
= 78,558 ÷ 64,715 = 1.21
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. | T-Mobile US Inc. equity turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |