Stock Analysis on Net
Stock Analysis on Net

Activision Blizzard Inc. (NASDAQ:ATVI)

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

Beginner level

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)

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

Microsoft Excel LibreOffice Calc
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

Based on: 10-Q (filing date: 2020-08-04), 10-Q (filing date: 2020-05-05), 10-K (filing date: 2020-02-27), 10-Q (filing date: 2019-11-07), 10-Q (filing date: 2019-08-08), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-28), 10-Q (filing date: 2018-11-08), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-28), 10-Q (filing date: 2016-11-04), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-09), 10-K (filing date: 2016-02-29), 10-Q (filing date: 2015-11-06), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-06).

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.

Net Fixed Asset Turnover

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

Microsoft Excel LibreOffice Calc
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

Based on: 10-Q (filing date: 2020-08-04), 10-Q (filing date: 2020-05-05), 10-K (filing date: 2020-02-27), 10-Q (filing date: 2019-11-07), 10-Q (filing date: 2019-08-08), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-28), 10-Q (filing date: 2018-11-08), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-28), 10-Q (filing date: 2016-11-04), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-09), 10-K (filing date: 2016-02-29), 10-Q (filing date: 2015-11-06), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-06).

1 Q2 2020 Calculation
Net fixed asset turnover = (Net revenuesQ2 2020 + Net revenuesQ1 2020 + Net revenuesQ4 2019 + Net revenuesQ3 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.

Total Asset Turnover

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

Microsoft Excel LibreOffice Calc
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

Based on: 10-Q (filing date: 2020-08-04), 10-Q (filing date: 2020-05-05), 10-K (filing date: 2020-02-27), 10-Q (filing date: 2019-11-07), 10-Q (filing date: 2019-08-08), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-28), 10-Q (filing date: 2018-11-08), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-28), 10-Q (filing date: 2016-11-04), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-09), 10-K (filing date: 2016-02-29), 10-Q (filing date: 2015-11-06), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-06).

1 Q2 2020 Calculation
Total asset turnover = (Net revenuesQ2 2020 + Net revenuesQ1 2020 + Net revenuesQ4 2019 + Net revenuesQ3 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.

Equity Turnover

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

Microsoft Excel LibreOffice Calc
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

Based on: 10-Q (filing date: 2020-08-04), 10-Q (filing date: 2020-05-05), 10-K (filing date: 2020-02-27), 10-Q (filing date: 2019-11-07), 10-Q (filing date: 2019-08-08), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-28), 10-Q (filing date: 2018-11-08), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-28), 10-Q (filing date: 2016-11-04), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-09), 10-K (filing date: 2016-02-29), 10-Q (filing date: 2015-11-06), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-06).

1 Q2 2020 Calculation
Equity turnover = (Net revenuesQ2 2020 + Net revenuesQ1 2020 + Net revenuesQ4 2019 + Net revenuesQ3 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.