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)
McKesson Corp., long-term (investment) activity ratios
Based on: 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-03-31), 10-K (reporting date: 2013-03-31), 10-K (reporting date: 2012-03-31), 10-K (reporting date: 2011-03-31).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | McKesson Corp. net fixed asset turnover ratio improved from 2014 to 2015 but then slightly deteriorated from 2015 to 2016. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | McKesson Corp. total asset turnover ratio improved from 2014 to 2015 and from 2015 to 2016. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | McKesson Corp. equity turnover ratio improved from 2014 to 2015 but then slightly deteriorated from 2015 to 2016. |
Net Fixed Asset Turnover
McKesson Corp., net fixed asset turnover calculation, comparison to benchmarks
| Mar 31, 2016 | Mar 31, 2015 | Mar 31, 2014 | Mar 31, 2013 | Mar 31, 2012 | Mar 31, 2011 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Revenues | 190,884) | 179,045) | 137,609) | 122,455) | 122,734) | 112,084) | |
| Property, plant and equipment, net | 2,278) | 2,045) | 2,222) | 1,321) | 1,043) | 991) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover1 | 83.79 | 87.55 | 61.93 | 92.70 | 117.67 | 113.10 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||
| Abbott Laboratories | — | — | — | — | — | — | |
| Cigna Group | — | — | — | — | — | — | |
| CVS Health Corp. | — | — | — | — | — | — | |
| Elevance Health Inc. | — | — | — | — | — | — | |
| Humana Inc. | — | — | — | — | — | — | |
| Intuitive Surgical Inc. | — | — | — | — | — | — | |
| Medtronic PLC | — | — | — | — | — | — | |
| Shockwave Medical Inc. | — | — | — | — | — | — | |
| UnitedHealth Group Inc. | — | — | — | — | — | — | |
Based on: 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-03-31), 10-K (reporting date: 2013-03-31), 10-K (reporting date: 2012-03-31), 10-K (reporting date: 2011-03-31).
1 2016 Calculation
Net fixed asset turnover = Revenues ÷ Property, plant and equipment, net
= 190,884 ÷ 2,278 = 83.79
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. | McKesson Corp. net fixed asset turnover ratio improved from 2014 to 2015 but then slightly deteriorated from 2015 to 2016. |
Total Asset Turnover
McKesson Corp., total asset turnover calculation, comparison to benchmarks
| Mar 31, 2016 | Mar 31, 2015 | Mar 31, 2014 | Mar 31, 2013 | Mar 31, 2012 | Mar 31, 2011 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Revenues | 190,884) | 179,045) | 137,609) | 122,455) | 122,734) | 112,084) | |
| Total assets | 56,563) | 53,870) | 51,759) | 34,786) | 33,093) | 30,886) | |
| Long-term Activity Ratio | |||||||
| Total asset turnover1 | 3.37 | 3.32 | 2.66 | 3.52 | 3.71 | 3.63 | |
| Benchmarks | |||||||
| Total Asset Turnover, Competitors2 | |||||||
| Abbott Laboratories | — | — | — | — | — | — | |
| Cigna Group | — | — | — | — | — | — | |
| CVS Health Corp. | — | — | — | — | — | — | |
| Elevance Health Inc. | — | — | — | — | — | — | |
| Humana Inc. | — | — | — | — | — | — | |
| Intuitive Surgical Inc. | — | — | — | — | — | — | |
| Medtronic PLC | — | — | — | — | — | — | |
| Shockwave Medical Inc. | — | — | — | — | — | — | |
| UnitedHealth Group Inc. | — | — | — | — | — | — | |
Based on: 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-03-31), 10-K (reporting date: 2013-03-31), 10-K (reporting date: 2012-03-31), 10-K (reporting date: 2011-03-31).
1 2016 Calculation
Total asset turnover = Revenues ÷ Total assets
= 190,884 ÷ 56,563 = 3.37
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. | McKesson Corp. total asset turnover ratio improved from 2014 to 2015 and from 2015 to 2016. |
Equity Turnover
McKesson Corp., equity turnover calculation, comparison to benchmarks
| Mar 31, 2016 | Mar 31, 2015 | Mar 31, 2014 | Mar 31, 2013 | Mar 31, 2012 | Mar 31, 2011 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Revenues | 190,884) | 179,045) | 137,609) | 122,455) | 122,734) | 112,084) | |
| Total McKesson Corporation stockholders’ equity | 8,924) | 8,001) | 8,522) | 7,070) | 6,831) | 7,220) | |
| Long-term Activity Ratio | |||||||
| Equity turnover1 | 21.39 | 22.38 | 16.15 | 17.32 | 17.97 | 15.52 | |
| Benchmarks | |||||||
| Equity Turnover, Competitors2 | |||||||
| Abbott Laboratories | — | — | — | — | — | — | |
| Cigna Group | — | — | — | — | — | — | |
| CVS Health Corp. | — | — | — | — | — | — | |
| Elevance Health Inc. | — | — | — | — | — | — | |
| Humana Inc. | — | — | — | — | — | — | |
| Intuitive Surgical Inc. | — | — | — | — | — | — | |
| Medtronic PLC | — | — | — | — | — | — | |
| Shockwave Medical Inc. | — | — | — | — | — | — | |
| UnitedHealth Group Inc. | — | — | — | — | — | — | |
Based on: 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-03-31), 10-K (reporting date: 2013-03-31), 10-K (reporting date: 2012-03-31), 10-K (reporting date: 2011-03-31).
1 2016 Calculation
Equity turnover = Revenues ÷ Total McKesson Corporation stockholders’ equity
= 190,884 ÷ 8,924 = 21.39
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. | McKesson Corp. equity turnover ratio improved from 2014 to 2015 but then slightly deteriorated from 2015 to 2016. |