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Honeywell International Inc. (HON) | 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)

Honeywell International Inc., long-term (investment) activity ratios

	Dec 31, 2012	Dec 31, 2011	Dec 31, 2010	Dec 31, 2009	Dec 31, 2008
Net fixed asset turnover	7.53	7.60	6.89	6.38	7.41
Total asset turnover	0.90	0.92	0.88	0.86	1.03
Equity turnover	2.90	3.38	3.13	3.49	5.09

Source: Based on data from Honeywell International Inc. Annual Reports

Ratio	Description	The company
Net fixed asset turnover	An activity ratio calculated as total revenue divided by net fixed assets.	Honeywell International Inc.'s net fixed asset turnover improved from 2010 to 2011 but then slightly deteriorated from 2011 to 2012.
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	Honeywell International Inc.'s total asset turnover improved from 2010 to 2011 but then slightly deteriorated from 2011 to 2012.
Equity turnover	An activity ratio calculated as total revenue divided by shareholders' equity.	Honeywell International Inc.'s equity turnover improved from 2010 to 2011 but then deteriorated significantly 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)
Net sales	37,665	36,529	33,370	30,908	36,556
Property, plant and equipment, net	5,001	4,804	4,840	4,847	4,934
Net Fixed Asset Turnover, Comparison to Industry
Honeywell International Inc.¹	7.53	7.60	6.89	6.38	7.41
Industry, Industrials	3.84	3.87	3.75	3.70	4.12

Source: Based on data from Honeywell International Inc. Annual Reports

2012 Calculations

¹ Net fixed asset turnover = Net sales ÷ Property, plant and equipment, net
= 37,665 ÷ 5,001 = 7.53

Ratio	Description	The company
Net fixed asset turnover	An activity ratio calculated as total revenue divided by net fixed assets.	Honeywell International Inc.'s net fixed asset turnover improved from 2010 to 2011 but then slightly deteriorated 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)
Net sales	37,665	36,529	33,370	30,908	36,556
Total assets	41,853	39,808	37,834	36,004	35,490
Total Asset Turnover, Comparison to Industry
Honeywell International Inc.¹	0.90	0.92	0.88	0.86	1.03
Industry, Industrials	0.71	0.73	0.72	0.74	0.84

Source: Based on data from Honeywell International Inc. Annual Reports

2012 Calculations

¹ Total asset turnover = Net sales ÷ Total assets
= 37,665 ÷ 41,853 = 0.90

Ratio	Description	The company
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	Honeywell International Inc.'s total asset turnover improved from 2010 to 2011 but then slightly deteriorated 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)
Net sales	37,665	36,529	33,370	30,908	36,556
Total Honeywell shareowners' equity	12,975	10,806	10,666	8,844	7,187
Equity Turnover, Comparison to Industry
Honeywell International Inc.¹	2.90	3.38	3.13	3.49	5.09
Industry, Industrials	2.04	2.06	1.97	2.04	2.57

Source: Based on data from Honeywell International Inc. Annual Reports

2012 Calculations

¹ Equity turnover = Net sales ÷ Total Honeywell shareowners' equity
= 37,665 ÷ 12,975 = 2.90

Ratio	Description	The company
Equity turnover	An activity ratio calculated as total revenue divided by shareholders' equity.	Honeywell International Inc.'s equity turnover improved from 2010 to 2011 but then deteriorated significantly from 2011 to 2012.