Stock Analysis on Net
Stock Analysis on Net

eBay Inc. (NASDAQ:EBAY)

This company has been moved to the archive! The financial data has not been updated since October 24, 2019.

Adjusted Financial Ratios

Microsoft Excel

Adjusted Financial Ratios (Summary)

eBay Inc., adjusted financial ratios

Microsoft Excel
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Activity Ratio
Total Asset Turnover
Reported 0.47 0.37 0.38 0.48 0.40
Adjusted 0.58 0.45 0.46 0.48 0.39
Liquidity Ratio
Current Ratio
Reported 1.60 2.19 2.31 3.49 1.51
Adjusted 1.69 2.29 2.40 3.70 1.54
Solvency Ratios
Debt to Equity
Reported 1.47 1.24 0.85 1.03 0.38
Adjusted 2.07 1.58 1.21 0.83 0.34
Debt to Capital
Reported 0.60 0.55 0.46 0.51 0.28
Adjusted 0.67 0.61 0.55 0.45 0.26
Financial Leverage
Reported 3.63 3.22 2.26 2.70 2.27
Adjusted 3.97 3.25 2.58 2.14 1.95
Profitability Ratios
Net Profit Margin
Reported 23.54% -10.62% 80.92% 20.08% 0.26%
Adjusted 20.42% 16.57% 23.15% 14.88% 16.14%
Return on Equity (ROE)
Reported 40.28% -12.60% 68.94% 26.23% 0.23%
Adjusted 46.86% 24.35% 27.46% 15.15% 12.38%
Return on Assets (ROA)
Reported 11.09% -3.91% 30.47% 9.70% 0.10%
Adjusted 11.80% 7.49% 10.65% 7.07% 6.34%

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

Financial ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. eBay Inc. adjusted total asset turnover ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level.
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. eBay Inc. adjusted current ratio deteriorated from 2016 to 2017 and from 2017 to 2018.
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. eBay Inc. adjusted debt-to-equity ratio deteriorated from 2016 to 2017 and from 2017 to 2018.
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. eBay Inc. adjusted debt-to-capital ratio deteriorated from 2016 to 2017 and from 2017 to 2018.
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 eBay Inc. adjusted financial leverage ratio increased from 2016 to 2017 and from 2017 to 2018.
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. eBay Inc. adjusted net profit margin ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 not reaching 2016 level.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. eBay Inc. adjusted ROE deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. eBay Inc. adjusted ROA deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level.

eBay Inc., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Microsoft Excel
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Reported
Selected Financial Data (US$ in millions)
Net revenues 10,746 9,567 8,979 8,592 17,902
Total assets 22,819 25,981 23,847 17,785 45,132
Activity Ratio
Total asset turnover1 0.47 0.37 0.38 0.48 0.40
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net revenues2 10,779 9,574 8,983 8,590 17,932
Adjusted total assets3 18,648 21,169 19,532 18,075 45,653
Activity Ratio
Adjusted total asset turnover4 0.58 0.45 0.46 0.48 0.39

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

1 2018 Calculation
Total asset turnover = Net revenues ÷ Total assets
= 10,746 ÷ 22,819 = 0.47

2 Adjusted net revenues. See details »

3 Adjusted total assets. See details »

4 2018 Calculation
Adjusted total asset turnover = Adjusted net revenues ÷ Adjusted total assets
= 10,779 ÷ 18,648 = 0.58

Activity ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. eBay Inc. adjusted total asset turnover ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level.

Adjusted Current Ratio

Microsoft Excel
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Reported
Selected Financial Data (US$ in millions)
Current assets 7,126 7,743 8,875 7,904 26,531
Current liabilities 4,454 3,539 3,847 2,263 17,531
Liquidity Ratio
Current ratio1 1.60 2.19 2.31 3.49 1.51
Adjusted
Selected Financial Data (US$ in millions)
Adjusted current assets2 7,232 7,845 8,956 7,988 26,633
Adjusted current liabilities3 4,284 3,422 3,737 2,157 17,343
Liquidity Ratio
Adjusted current ratio4 1.69 2.29 2.40 3.70 1.54

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

1 2018 Calculation
Current ratio = Current assets ÷ Current liabilities
= 7,126 ÷ 4,454 = 1.60

2 Adjusted current assets. See details »

3 Adjusted current liabilities. See details »

4 2018 Calculation
Adjusted current ratio = Adjusted current assets ÷ Adjusted current liabilities
= 7,232 ÷ 4,284 = 1.69

Liquidity ratio Description The company
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. eBay Inc. adjusted current ratio deteriorated from 2016 to 2017 and from 2017 to 2018.

Adjusted Debt to Equity

Microsoft Excel
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Reported
Selected Financial Data (US$ in millions)
Total debt 9,231 10,015 8,960 6,779 7,627
Stockholders’ equity 6,281 8,063 10,539 6,576 19,906
Solvency Ratio
Debt to equity1 1.47 1.24 0.85 1.03 0.38
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 9,746 10,296 9,172 6,985 8,046
Adjusted stockholders’ equity3 4,697 6,513 7,575 8,435 23,384
Solvency Ratio
Adjusted debt to equity4 2.07 1.58 1.21 0.83 0.34

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

1 2018 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 9,231 ÷ 6,281 = 1.47

2 Adjusted total debt. See details »

3 Adjusted stockholders’ equity. See details »

4 2018 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted stockholders’ equity
= 9,746 ÷ 4,697 = 2.07

Solvency ratio Description The company
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. eBay Inc. adjusted debt-to-equity ratio deteriorated from 2016 to 2017 and from 2017 to 2018.

Adjusted Debt to Capital

Microsoft Excel
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Reported
Selected Financial Data (US$ in millions)
Total debt 9,231 10,015 8,960 6,779 7,627
Total capital 15,512 18,078 19,499 13,355 27,533
Solvency Ratio
Debt to capital1 0.60 0.55 0.46 0.51 0.28
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 9,746 10,296 9,172 6,985 8,046
Adjusted total capital3 14,443 16,809 16,747 15,420 31,430
Solvency Ratio
Adjusted debt to capital4 0.67 0.61 0.55 0.45 0.26

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

1 2018 Calculation
Debt to capital = Total debt ÷ Total capital
= 9,231 ÷ 15,512 = 0.60

2 Adjusted total debt. See details »

3 Adjusted total capital. See details »

4 2018 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 9,746 ÷ 14,443 = 0.67

Solvency ratio Description The company
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. eBay Inc. adjusted debt-to-capital ratio deteriorated from 2016 to 2017 and from 2017 to 2018.

Adjusted Financial Leverage

Microsoft Excel
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Reported
Selected Financial Data (US$ in millions)
Total assets 22,819 25,981 23,847 17,785 45,132
Stockholders’ equity 6,281 8,063 10,539 6,576 19,906
Solvency Ratio
Financial leverage1 3.63 3.22 2.26 2.70 2.27
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total assets2 18,648 21,169 19,532 18,075 45,653
Adjusted stockholders’ equity3 4,697 6,513 7,575 8,435 23,384
Solvency Ratio
Adjusted financial leverage4 3.97 3.25 2.58 2.14 1.95

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

1 2018 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 22,819 ÷ 6,281 = 3.63

2 Adjusted total assets. See details »

3 Adjusted stockholders’ equity. See details »

4 2018 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted stockholders’ equity
= 18,648 ÷ 4,697 = 3.97

Solvency ratio Description The company
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 eBay Inc. adjusted financial leverage ratio increased from 2016 to 2017 and from 2017 to 2018.

Adjusted Net Profit Margin

Microsoft Excel
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Reported
Selected Financial Data (US$ in millions)
Net income (loss) 2,530 (1,016) 7,266 1,725 46
Net revenues 10,746 9,567 8,979 8,592 17,902
Profitability Ratio
Net profit margin1 23.54% -10.62% 80.92% 20.08% 0.26%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss)2 2,201 1,586 2,080 1,278 2,895
Adjusted net revenues3 10,779 9,574 8,983 8,590 17,932
Profitability Ratio
Adjusted net profit margin4 20.42% 16.57% 23.15% 14.88% 16.14%

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

1 2018 Calculation
Net profit margin = 100 × Net income (loss) ÷ Net revenues
= 100 × 2,530 ÷ 10,746 = 23.54%

2 Adjusted net income (loss). See details »

3 Adjusted net revenues. See details »

4 2018 Calculation
Adjusted net profit margin = 100 × Adjusted net income (loss) ÷ Adjusted net revenues
= 100 × 2,201 ÷ 10,779 = 20.42%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. eBay Inc. adjusted net profit margin ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 not reaching 2016 level.

Adjusted Return on Equity (ROE)

Microsoft Excel
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Reported
Selected Financial Data (US$ in millions)
Net income (loss) 2,530 (1,016) 7,266 1,725 46
Stockholders’ equity 6,281 8,063 10,539 6,576 19,906
Profitability Ratio
ROE1 40.28% -12.60% 68.94% 26.23% 0.23%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss)2 2,201 1,586 2,080 1,278 2,895
Adjusted stockholders’ equity3 4,697 6,513 7,575 8,435 23,384
Profitability Ratio
Adjusted ROE4 46.86% 24.35% 27.46% 15.15% 12.38%

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

1 2018 Calculation
ROE = 100 × Net income (loss) ÷ Stockholders’ equity
= 100 × 2,530 ÷ 6,281 = 40.28%

2 Adjusted net income (loss). See details »

3 Adjusted stockholders’ equity. See details »

4 2018 Calculation
Adjusted ROE = 100 × Adjusted net income (loss) ÷ Adjusted stockholders’ equity
= 100 × 2,201 ÷ 4,697 = 46.86%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. eBay Inc. adjusted ROE deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level.

Adjusted Return on Assets (ROA)

Microsoft Excel
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Reported
Selected Financial Data (US$ in millions)
Net income (loss) 2,530 (1,016) 7,266 1,725 46
Total assets 22,819 25,981 23,847 17,785 45,132
Profitability Ratio
ROA1 11.09% -3.91% 30.47% 9.70% 0.10%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss)2 2,201 1,586 2,080 1,278 2,895
Adjusted total assets3 18,648 21,169 19,532 18,075 45,653
Profitability Ratio
Adjusted ROA4 11.80% 7.49% 10.65% 7.07% 6.34%

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

1 2018 Calculation
ROA = 100 × Net income (loss) ÷ Total assets
= 100 × 2,530 ÷ 22,819 = 11.09%

2 Adjusted net income (loss). See details »

3 Adjusted total assets. See details »

4 2018 Calculation
Adjusted ROA = 100 × Adjusted net income (loss) ÷ Adjusted total assets
= 100 × 2,201 ÷ 18,648 = 11.80%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. eBay Inc. adjusted ROA deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level.