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)
Net Fixed Asset Turnover
Total Asset Turnover
Equity Turnover

Activision Blizzard Inc., long-term (investment) activity ratios (quarterly data)

	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015	Sep 30, 2015	Jun 30, 2015	Mar 31, 2015
Net fixed asset turnover	31.48	27.34	25.65	27.65	27.47	27.88	26.60	25.48	25.86	25.37	23.87	27.52	28.21	28.08	25.61	23.04	20.64	19.68	24.68	—	—	—
Total asset turnover	0.35	0.33	0.33	0.39	0.41	0.41	0.42	0.43	0.40	0.39	0.38	0.39	0.41	0.41	0.38	0.32	0.32	0.28	0.31	—	—	—
Equity turnover	0.51	0.50	0.51	0.56	0.59	0.63	0.66	0.67	0.70	0.74	0.74	0.70	0.71	0.73	0.72	0.67	0.63	0.58	0.58	—	—	—

Long-term activity ratio	Description	The company
Net fixed asset turnover	An activity ratio calculated as total revenue divided by net fixed assets.	Activision Blizzard Inc.’s net fixed asset turnover ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	Activision Blizzard Inc.’s total asset turnover ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Equity turnover	An activity ratio calculated as total revenue divided by shareholders’ equity.	Activision Blizzard Inc.’s equity turnover ratio deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 exceeding Q4 2019 level.

Activision Blizzard Inc., net fixed asset turnover calculation (quarterly data)

	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015	Sep 30, 2015	Jun 30, 2015	Mar 31, 2015
Selected Financial Data (US$ in millions)
Net revenues	1,932	1,788	1,986	1,282	1,396	1,825	2,382	1,512	1,641	1,965	2,042	1,618	1,631	1,726	2,015	1,568	1,570	1,455	1,352	990	1,044	1,278
Property and equipment, net	222	236	253	249	259	264	282	281	281	286	294	254	246	245	258	258	260	246	189	200	179	158
Long-term Activity Ratio
Net fixed asset turnover¹	31.48	27.34	25.65	27.65	27.47	27.88	26.60	25.48	25.86	25.37	23.87	27.52	28.21	28.08	25.61	23.04	20.64	19.68	24.68	—	—	—

¹ Q2 2020 Calculation
Net fixed asset turnover = (Net revenues_{Q2 2020} + Net revenues_{Q1 2020} + Net revenues_{Q4 2019} + Net revenues_{Q3 2019}) ÷ Property and equipment, net
= (1,932 + 1,788 + 1,986 + 1,282) ÷ 222 = 31.48

Long-term activity ratio	Description	The company
Net fixed asset turnover	An activity ratio calculated as total revenue divided by net fixed assets.	Activision Blizzard Inc.’s net fixed asset turnover ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Activision Blizzard Inc., total asset turnover calculation (quarterly data)

	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015	Sep 30, 2015	Jun 30, 2015	Mar 31, 2015
Selected Financial Data (US$ in millions)
Net revenues	1,932	1,788	1,986	1,282	1,396	1,825	2,382	1,512	1,641	1,965	2,042	1,618	1,631	1,726	2,015	1,568	1,570	1,455	1,352	990	1,044	1,278
Total assets	20,220	19,604	19,845	17,805	17,495	17,948	17,835	16,713	17,958	18,397	18,668	17,718	16,808	16,921	17,452	18,380	16,607	17,302	15,251	14,302	14,015	13,777
Long-term Activity Ratio
Total asset turnover¹	0.35	0.33	0.33	0.39	0.41	0.41	0.42	0.43	0.40	0.39	0.38	0.39	0.41	0.41	0.38	0.32	0.32	0.28	0.31	—	—	—

¹ Q2 2020 Calculation
Total asset turnover = (Net revenues_{Q2 2020} + Net revenues_{Q1 2020} + Net revenues_{Q4 2019} + Net revenues_{Q3 2019}) ÷ Total assets
= (1,932 + 1,788 + 1,986 + 1,282) ÷ 20,220 = 0.35

Long-term activity ratio	Description	The company
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	Activision Blizzard Inc.’s total asset turnover ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Activision Blizzard Inc., equity turnover calculation (quarterly data)

	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015	Sep 30, 2015	Jun 30, 2015	Mar 31, 2015
Selected Financial Data (US$ in millions)
Net revenues	1,932	1,788	1,986	1,282	1,396	1,825	2,382	1,512	1,641	1,965	2,042	1,618	1,631	1,726	2,015	1,568	1,570	1,455	1,352	990	1,044	1,278
Shareholders’ equity	13,682	13,021	12,805	12,235	11,977	11,596	11,357	10,659	10,346	9,819	9,462	9,967	9,715	9,436	9,119	8,818	8,554	8,348	8,068	7,989	7,801	7,238
Long-term Activity Ratio
Equity turnover¹	0.51	0.50	0.51	0.56	0.59	0.63	0.66	0.67	0.70	0.74	0.74	0.70	0.71	0.73	0.72	0.67	0.63	0.58	0.58	—	—	—

¹ Q2 2020 Calculation
Equity turnover = (Net revenues_{Q2 2020} + Net revenues_{Q1 2020} + Net revenues_{Q4 2019} + Net revenues_{Q3 2019}) ÷ Shareholders’ equity
= (1,932 + 1,788 + 1,986 + 1,282) ÷ 13,682 = 0.51

Long-term activity ratio	Description	The company
Equity turnover	An activity ratio calculated as total revenue divided by shareholders’ equity.	Activision Blizzard Inc.’s equity turnover ratio deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 exceeding Q4 2019 level.

Activision Blizzard Inc. (NASDAQ:ATVI)

Analysis of Long-term (Investment) Activity Ratios
Quarterly Data

Long-term Activity Ratios (Summary)

Net Fixed Asset Turnover

Total Asset Turnover

Equity Turnover