Stock Analysis on Net

Amazon.com Inc. (NASDAQ:AMZN)

Analysis of Long-term (Investment) Activity Ratios 

Microsoft Excel

Long-term Activity Ratios (Summary)

Amazon.com Inc., long-term (investment) activity ratios

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Net fixed asset turnover 2.93 3.41 3.86 3.77 3.64
Net fixed asset turnover (including operating lease, right-of-use asset) 2.17 2.56 2.87 3.77 3.64
Total asset turnover 1.12 1.20 1.25 1.43 1.35
Equity turnover 3.40 4.13 4.52 5.35 6.42

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Amazon.com Inc. net fixed asset turnover ratio deteriorated from 2019 to 2020 and from 2020 to 2021.
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Amazon.com Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2019 to 2020 and from 2020 to 2021.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Amazon.com Inc. total asset turnover ratio deteriorated from 2019 to 2020 and from 2020 to 2021.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Amazon.com Inc. equity turnover ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Net Fixed Asset Turnover

Amazon.com Inc., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Net sales 469,822 386,064 280,522 232,887 177,866
Property and equipment, net 160,281 113,114 72,705 61,797 48,866
Long-term Activity Ratio
Net fixed asset turnover1 2.93 3.41 3.86 3.77 3.64
Benchmarks
Net Fixed Asset Turnover, Competitors2
Booking Holdings Inc. 13.33 8.99 20.41 22.14 26.41
Home Depot Inc. 5.35 4.84 4.84 4.57 4.32
Lowe’s Cos. Inc. 4.68 3.86 3.87 3.48 3.26
Target Corp. 3.44 2.93 2.92 2.87 2.82
Net Fixed Asset Turnover, Sector
Retailing 3.43 3.59 3.93 3.78 3.62
Net Fixed Asset Turnover, Industry
Consumer Discretionary 2.95 2.90 3.17 3.14 3.07

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Net fixed asset turnover = Net sales ÷ Property and equipment, net
= 469,822 ÷ 160,281 = 2.93

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. Amazon.com Inc. net fixed asset turnover ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

Amazon.com Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Net sales 469,822 386,064 280,522 232,887 177,866
 
Property and equipment, net 160,281 113,114 72,705 61,797 48,866
Operating leases 56,082 37,553 25,141
Property and equipment, net (including operating lease, right-of-use asset) 216,363 150,667 97,846 61,797 48,866
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 2.17 2.56 2.87 3.77 3.64
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Booking Holdings Inc. 8.31 5.29 11.09 22.14 26.41
Home Depot Inc. 4.31 3.89 4.84 4.57 4.32
Lowe’s Cos. Inc. 3.90 3.20 3.87 3.48 3.26
Target Corp. 3.17 2.70 2.71 2.87 2.82
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Retailing 2.65 2.82 3.28 3.78 3.62
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Consumer Discretionary 2.36 2.35 2.76 3.14 3.07

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Net sales ÷ Property and equipment, net (including operating lease, right-of-use asset)
= 469,822 ÷ 216,363 = 2.17

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Amazon.com Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2019 to 2020 and from 2020 to 2021.

Total Asset Turnover

Amazon.com Inc., total asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Net sales 469,822 386,064 280,522 232,887 177,866
Total assets 420,549 321,195 225,248 162,648 131,310
Long-term Activity Ratio
Total asset turnover1 1.12 1.20 1.25 1.43 1.35
Benchmarks
Total Asset Turnover, Competitors2
Booking Holdings Inc. 0.46 0.31 0.70 0.64 0.50
Home Depot Inc. 1.87 2.15 2.46 2.27 2.20
Lowe’s Cos. Inc. 1.92 1.83 2.07 1.94 1.89
Target Corp. 1.80 1.80 1.80 1.84 1.86
Total Asset Turnover, Sector
Retailing 1.30 1.37 1.50 1.61 1.55
Total Asset Turnover, Industry
Consumer Discretionary 0.88 0.83 0.93 0.95 0.91

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Total asset turnover = Net sales ÷ Total assets
= 469,822 ÷ 420,549 = 1.12

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. Amazon.com Inc. total asset turnover ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Equity Turnover

Amazon.com Inc., equity turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Net sales 469,822 386,064 280,522 232,887 177,866
Stockholders’ equity 138,245 93,404 62,060 43,549 27,709
Long-term Activity Ratio
Equity turnover1 3.40 4.13 4.52 5.35 6.42
Benchmarks
Equity Turnover, Competitors2
Booking Holdings Inc. 1.77 1.39 2.54 1.65 1.13
Home Depot Inc. 40.05 69.40 21.83
Lowe’s Cos. Inc. 62.35 36.59 19.57 11.68 10.11
Target Corp. 6.40 6.52 6.59 6.14 6.34
Equity Turnover, Sector
Retailing 4.86 5.99 6.78 6.85 6.91
Equity Turnover, Industry
Consumer Discretionary 3.74 4.52 5.19 4.95 4.65

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Equity turnover = Net sales ÷ Stockholders’ equity
= 469,822 ÷ 138,245 = 3.40

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. Amazon.com Inc. equity turnover ratio deteriorated from 2019 to 2020 and from 2020 to 2021.