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Canon Inc. (CAJ) | 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)

Canon Inc., long-term (investment) activity ratios

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    Dec 31, 2012 Dec 31, 2011 Dec 31, 2010 Dec 31, 2009 Dec 31, 2008
Net fixed asset turnover 2.76 2.99 3.08 2.53 3.02
Total asset turnover 0.88 0.91 0.93 0.83 1.03
Equity turnover 1.34 1.39 1.40 1.19 1.54

Source: Based on data from Canon Inc. Annual Reports

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

Net Fixed Asset Turnover

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    Dec 31, 2012 Dec 31, 2011 Dec 31, 2010 Dec 31, 2009 Dec 31, 2008
  Selected Financial Data (USD $ in millions, translated from JPY ¥)
Net sales 42,338  42,783  39,842  32,670  40,864 
Property, plant and equipment, net 15,335  14,322  12,919  12,927  13,546 
  Net Fixed Asset Turnover, Comparison to Industry
Canon Inc.1 2.76 2.99 3.08 2.53 3.02
  Industry, Technology 4.66 5.11 5.35 5.15 5.64

Source: Based on data from Canon Inc. Annual Reports

2012 Calculations

1 Net fixed asset turnover = Net sales ÷ Property, plant and equipment, net
= 42,338 ÷ 15,335 = 2.76

Ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Canon Inc.'s net fixed asset turnover deteriorated from 2010 to 2011 and from 2011 to 2012.

Total Asset Turnover

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    Dec 31, 2012 Dec 31, 2011 Dec 31, 2010 Dec 31, 2009 Dec 31, 2008
  Selected Financial Data (USD $ in millions, translated from JPY ¥)
Net sales 42,338  42,783  39,842  32,670  40,864 
Total assets 48,126  47,273  42,818  39,169  39,624 
  Total Asset Turnover, Comparison to Industry
Canon Inc.1 0.88 0.91 0.93 0.83 1.03
  Industry, Technology 0.74 0.76 0.77 0.78 0.87

Source: Based on data from Canon Inc. Annual Reports

2012 Calculations

1 Total asset turnover = Net sales ÷ Total assets
= 42,338 ÷ 48,126 = 0.88

Ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Canon Inc.'s total asset turnover deteriorated from 2010 to 2011 and from 2011 to 2012.

Equity Turnover

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    Dec 31, 2012 Dec 31, 2011 Dec 31, 2010 Dec 31, 2009 Dec 31, 2008
  Selected Financial Data (USD $ in millions, translated from JPY ¥)
Net sales 42,338  42,783  39,842  32,670  40,864 
Total Canon Inc. stockholders' equity 31,610  30,681  28,437  27,365  26,547 
  Equity Turnover, Comparison to Industry
Canon Inc.1 1.34 1.39 1.40 1.19 1.54
  Industry, Technology 1.63 1.68 1.63 1.62 1.95

Source: Based on data from Canon Inc. Annual Reports

2012 Calculations

1 Equity turnover = Net sales ÷ Total Canon Inc. stockholders' equity
= 42,338 ÷ 31,610 = 1.34

Ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders' equity. Canon Inc.'s equity turnover deteriorated from 2010 to 2011 and from 2011 to 2012.