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Canadian National Railway Co. (CNI) | Long-term (Investment) Activity Analysis

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

Ratios (Summary)

Canadian National Railway Co., long-term (investment) activity ratios

	Dec 31, 2012	Dec 31, 2011	Dec 31, 2010	Dec 31, 2009	Dec 31, 2008
Net fixed asset turnover	0.40	0.38	0.36	0.33	0.37
Total asset turnover	0.37	0.35	0.33	0.29	0.32
Equity turnover	0.90	0.85	0.74	0.66	0.80

Source: Based on data from Canadian National Railway Co. Annual Reports

Ratio	Description	The company
Net fixed asset turnover	An activity ratio calculated as total revenue divided by net fixed assets.	Canadian National Railway Co.'s net fixed asset turnover improved from 2010 to 2011 and from 2011 to 2012.
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	Canadian National Railway Co.'s total asset turnover improved from 2010 to 2011 and from 2011 to 2012.
Equity turnover	An activity ratio calculated as total revenue divided by shareholders' equity.	Canadian National Railway Co.'s equity turnover improved from 2010 to 2011 and from 2011 to 2012.

	Dec 31, 2012	Dec 31, 2011	Dec 31, 2010	Dec 31, 2009	Dec 31, 2008
Selected Financial Data (USD $ in millions, translated from CAD C$)
Revenues	9,962	8,879	8,290	7,042	6,930
Properties	24,645	23,522	22,896	21,633	18,957
Net Fixed Asset Turnover, Comparison to Industry
Canadian National Railway Co.¹	0.40	0.38	0.36	0.33	0.37
Industry, Industrials	3.84	3.87	3.75	3.70	4.12

Source: Based on data from Canadian National Railway Co. Annual Reports

2012 Calculations

¹ Net fixed asset turnover = Revenues ÷ Properties
= 9,962 ÷ 24,645 = 0.40

Ratio	Description	The company
Net fixed asset turnover	An activity ratio calculated as total revenue divided by net fixed assets.	Canadian National Railway Co.'s net fixed asset turnover improved from 2010 to 2011 and from 2011 to 2012.

	Dec 31, 2012	Dec 31, 2011	Dec 31, 2010	Dec 31, 2009	Dec 31, 2008
Selected Financial Data (USD $ in millions, translated from CAD C$)
Revenues	9,962	8,879	8,290	7,042	6,930
Total assets	26,771	25,596	25,183	24,067	21,830
Total Asset Turnover, Comparison to Industry
Canadian National Railway Co.¹	0.37	0.35	0.33	0.29	0.32
Industry, Industrials	0.71	0.73	0.72	0.74	0.84

Source: Based on data from Canadian National Railway Co. Annual Reports

2012 Calculations

¹ Total asset turnover = Revenues ÷ Total assets
= 9,962 ÷ 26,771 = 0.37

Ratio	Description	The company
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	Canadian National Railway Co.'s total asset turnover improved from 2010 to 2011 and from 2011 to 2012.

	Dec 31, 2012	Dec 31, 2011	Dec 31, 2010	Dec 31, 2009	Dec 31, 2008
Selected Financial Data (USD $ in millions, translated from CAD C$)
Revenues	9,962	8,879	8,290	7,042	6,930
Total shareholders' equity	11,064	10,504	11,274	10,738	8,627
Equity Turnover, Comparison to Industry
Canadian National Railway Co.¹	0.90	0.85	0.74	0.66	0.80
Industry, Industrials	2.04	2.06	1.97	2.04	2.57

Source: Based on data from Canadian National Railway Co. Annual Reports

2012 Calculations

¹ Equity turnover = Revenues ÷ Total shareholders' equity
= 9,962 ÷ 11,064 = 0.90

Ratio	Description	The company
Equity turnover	An activity ratio calculated as total revenue divided by shareholders' equity.	Canadian National Railway Co.'s equity turnover improved from 2010 to 2011 and from 2011 to 2012.