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)
Walgreens Boots Alliance Inc., long-term (investment) activity ratios
Based on: 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 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).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Walgreens Boots Alliance Inc. net fixed asset turnover ratio improved from 2017 to 2018 and from 2018 to 2019. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Walgreens Boots Alliance Inc. total asset turnover ratio improved from 2017 to 2018 and from 2018 to 2019. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Walgreens Boots Alliance Inc. equity turnover ratio improved from 2017 to 2018 and from 2018 to 2019. |
Net Fixed Asset Turnover
Walgreens Boots Alliance Inc., net fixed asset turnover calculation, comparison to benchmarks
| Aug 31, 2019 | Aug 31, 2018 | Aug 31, 2017 | Aug 31, 2016 | Aug 31, 2015 | Aug 31, 2014 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Sales | 136,866) | 131,537) | 118,214) | 117,351) | 103,444) | 76,392) | |
| Property, plant and equipment, net | 13,478) | 13,911) | 13,642) | 14,335) | 15,068) | 12,257) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover1 | 10.15 | 9.46 | 8.67 | 8.19 | 6.87 | 6.23 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||
| Costco Wholesale Corp. | 7.03 | 6.92 | — | — | — | — | |
| Target Corp. | 2.92 | — | — | — | — | — | |
| Walmart Inc. | 4.58 | — | — | — | — | — | |
| Net Fixed Asset Turnover, Sector | |||||||
| Consumer Staples Distribution & Retail | 4.64 | — | — | — | — | — | |
| Net Fixed Asset Turnover, Industry | |||||||
| Consumer Staples | 4.34 | — | — | — | — | — | |
Based on: 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 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).
1 2019 Calculation
Net fixed asset turnover = Sales ÷ Property, plant and equipment, net
= 136,866 ÷ 13,478 = 10.15
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. | Walgreens Boots Alliance Inc. net fixed asset turnover ratio improved from 2017 to 2018 and from 2018 to 2019. |
Total Asset Turnover
Walgreens Boots Alliance Inc., total asset turnover calculation, comparison to benchmarks
| Aug 31, 2019 | Aug 31, 2018 | Aug 31, 2017 | Aug 31, 2016 | Aug 31, 2015 | Aug 31, 2014 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Sales | 136,866) | 131,537) | 118,214) | 117,351) | 103,444) | 76,392) | |
| Total assets | 67,598) | 68,124) | 66,009) | 72,688) | 68,782) | 37,182) | |
| Long-term Activity Ratio | |||||||
| Total asset turnover1 | 2.02 | 1.93 | 1.79 | 1.61 | 1.50 | 2.05 | |
| Benchmarks | |||||||
| Total Asset Turnover, Competitors2 | |||||||
| Costco Wholesale Corp. | 3.29 | 3.39 | — | — | — | — | |
| Target Corp. | 1.80 | — | — | — | — | — | |
| Walmart Inc. | 2.33 | — | — | — | — | — | |
| Total Asset Turnover, Sector | |||||||
| Consumer Staples Distribution & Retail | 2.40 | — | — | — | — | — | |
| Total Asset Turnover, Industry | |||||||
| Consumer Staples | 1.37 | — | — | — | — | — | |
Based on: 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 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).
1 2019 Calculation
Total asset turnover = Sales ÷ Total assets
= 136,866 ÷ 67,598 = 2.02
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. | Walgreens Boots Alliance Inc. total asset turnover ratio improved from 2017 to 2018 and from 2018 to 2019. |
Equity Turnover
Walgreens Boots Alliance Inc., equity turnover calculation, comparison to benchmarks
| Aug 31, 2019 | Aug 31, 2018 | Aug 31, 2017 | Aug 31, 2016 | Aug 31, 2015 | Aug 31, 2014 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Sales | 136,866) | 131,537) | 118,214) | 117,351) | 103,444) | 76,392) | |
| Total Walgreens Boots Alliance, Inc. shareholders’ equity | 23,512) | 26,007) | 27,466) | 29,880) | 30,861) | 20,457) | |
| Long-term Activity Ratio | |||||||
| Equity turnover1 | 5.82 | 5.06 | 4.30 | 3.93 | 3.35 | 3.73 | |
| Benchmarks | |||||||
| Equity Turnover, Competitors2 | |||||||
| Costco Wholesale Corp. | 9.80 | 10.82 | — | — | — | — | |
| Target Corp. | 6.59 | — | — | — | — | — | |
| Walmart Inc. | 7.04 | — | — | — | — | — | |
| Equity Turnover, Sector | |||||||
| Consumer Staples Distribution & Retail | 7.41 | — | — | — | — | — | |
| Equity Turnover, Industry | |||||||
| Consumer Staples | 4.48 | — | — | — | — | — | |
Based on: 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 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).
1 2019 Calculation
Equity turnover = Sales ÷ Total Walgreens Boots Alliance, Inc. shareholders’ equity
= 136,866 ÷ 23,512 = 5.82
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. | Walgreens Boots Alliance Inc. equity turnover ratio improved from 2017 to 2018 and from 2018 to 2019. |