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, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Net fixed asset turnover 2.75 2.93 3.41 3.86 3.77
Net fixed asset turnover (including operating lease, right-of-use asset) 2.03 2.17 2.56 2.87 3.77
Total asset turnover 1.11 1.12 1.20 1.25 1.43
Equity turnover 3.52 3.40 4.13 4.52 5.35

Based on: 10-K (reporting date: 2022-12-31), 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).

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 2020 to 2021 and from 2021 to 2022.
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 2020 to 2021 and from 2021 to 2022.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Amazon.com Inc. total asset turnover ratio deteriorated from 2020 to 2021 and from 2021 to 2022.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Amazon.com Inc. equity turnover ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.

Net Fixed Asset Turnover

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

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Net sales 513,983 469,822 386,064 280,522 232,887
Property and equipment, net 186,715 160,281 113,114 72,705 61,797
Long-term Activity Ratio
Net fixed asset turnover1 2.75 2.93 3.41 3.86 3.77
Benchmarks
Net Fixed Asset Turnover, Competitors2
AutoZone Inc. 3.14 3.01 2.80 2.70 2.66
Home Depot Inc. 6.00 5.35 4.84 4.84 4.57
Lowe’s Cos. Inc. 5.05 4.68 3.86 3.87 3.48
TJX Cos. Inc. 9.21 6.38 7.83 7.42 7.16
Ulta Beauty Inc. 9.44 6.18 6.14 5.48 4.95
Net Fixed Asset Turnover, Sector
Consumer Discretionary Distribution & Retail 3.44 3.46 3.81 4.16 3.99
Net Fixed Asset Turnover, Industry
Consumer Discretionary 3.48 3.30 3.37 3.70 3.65

Based on: 10-K (reporting date: 2022-12-31), 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).

1 2022 Calculation
Net fixed asset turnover = Net sales ÷ Property and equipment, net
= 513,983 ÷ 186,715 = 2.75

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 2020 to 2021 and from 2021 to 2022.

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, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Net sales 513,983 469,822 386,064 280,522 232,887
 
Property and equipment, net 186,715 160,281 113,114 72,705 61,797
Operating leases 66,123 56,082 37,553 25,141
Property and equipment, net (including operating lease, right-of-use asset) 252,838 216,363 150,667 97,846 61,797
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 2.03 2.17 2.56 2.87 3.77
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
AutoZone Inc. 2.01 1.93 1.78 2.70 2.66
Home Depot Inc. 4.85 4.31 3.89 4.84 4.57
Lowe’s Cos. Inc. 4.15 3.90 3.20 3.87 3.48
TJX Cos. Inc. 3.44 2.29 2.90 7.42 7.16
Ulta Beauty Inc. 3.60 2.46 2.70 5.48 4.95
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Consumer Discretionary Distribution & Retail 2.52 2.53 2.79 3.46 3.99
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Consumer Discretionary 2.65 2.50 2.56 3.13 3.65

Based on: 10-K (reporting date: 2022-12-31), 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).

1 2022 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)
= 513,983 ÷ 252,838 = 2.03

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 2020 to 2021 and from 2021 to 2022.

Total Asset Turnover

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

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Net sales 513,983 469,822 386,064 280,522 232,887
Total assets 462,675 420,549 321,195 225,248 162,648
Long-term Activity Ratio
Total asset turnover1 1.11 1.12 1.20 1.25 1.43
Benchmarks
Total Asset Turnover, Competitors2
AutoZone Inc. 1.06 1.01 0.88 1.20 1.20
Home Depot Inc. 2.10 1.87 2.15 2.46 2.27
Lowe’s Cos. Inc. 2.16 1.92 1.83 2.07 1.94
TJX Cos. Inc. 1.71 1.04 1.73 2.72 2.55
Ulta Beauty Inc. 1.81 1.21 1.52 2.10 2.02
Total Asset Turnover, Sector
Consumer Discretionary Distribution & Retail 1.33 1.27 1.38 1.56 1.69
Total Asset Turnover, Industry
Consumer Discretionary 0.96 0.88 0.85 0.95 0.97

Based on: 10-K (reporting date: 2022-12-31), 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).

1 2022 Calculation
Total asset turnover = Net sales ÷ Total assets
= 513,983 ÷ 462,675 = 1.11

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 2020 to 2021 and from 2021 to 2022.

Equity Turnover

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

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Net sales 513,983 469,822 386,064 280,522 232,887
Stockholders’ equity 146,043 138,245 93,404 62,060 43,549
Long-term Activity Ratio
Equity turnover1 3.52 3.40 4.13 4.52 5.35
Benchmarks
Equity Turnover, Competitors2
AutoZone Inc.
Home Depot Inc. 40.05 69.40
Lowe’s Cos. Inc. 62.35 36.59 19.57 11.68
TJX Cos. Inc. 8.09 5.51 7.01 7.72 6.97
Ulta Beauty Inc. 5.62 3.08 3.89 3.69 3.32
Equity Turnover, Sector
Consumer Discretionary Distribution & Retail 5.82 5.00 6.35 7.50 8.09
Equity Turnover, Industry
Consumer Discretionary 4.33 3.82 4.93 5.99 5.70

Based on: 10-K (reporting date: 2022-12-31), 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).

1 2022 Calculation
Equity turnover = Net sales ÷ Stockholders’ equity
= 513,983 ÷ 146,043 = 3.52

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 2020 to 2021 but then slightly improved from 2021 to 2022.