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Short-term (Operating) Activity Analysis
Quarterly Data
Difficulty: Beginner
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Ratios (Summary)
Biogen Inc., short-term (operating) activity ratios (quarterly data)
Based on: 10-K (filing date: 2019-02-06), 10-Q (filing date: 2018-10-23), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-24), 10-K (filing date: 2018-02-01), 10-Q (filing date: 2017-10-24), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-25), 10-K (filing date: 2017-02-02), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-21), 10-Q (filing date: 2016-04-21), 10-K (filing date: 2016-02-03), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-24), 10-Q (filing date: 2015-04-24), 10-K (filing date: 2015-02-04), 10-Q (filing date: 2014-10-22), 10-Q (filing date: 2014-07-23), 10-Q (filing date: 2014-04-23).
Ratio | Description | The company |
---|---|---|
Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | Biogen Inc.’s inventory turnover improved from Q2 2018 to Q3 2018 but then slightly deteriorated from Q3 2018 to Q4 2018. |
Receivables turnover | An activity ratio equal to revenue divided by receivables. | Biogen Inc.’s receivables turnover deteriorated from Q2 2018 to Q3 2018 but then improved from Q3 2018 to Q4 2018 exceeding Q2 2018 level. |
Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Biogen Inc.’s payables turnover declined from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018. |
Working capital turnover | An activity ratio calculated as revenue divided by working capital. | Biogen Inc.’s working capital turnover deteriorated from Q2 2018 to Q3 2018 but then improved from Q3 2018 to Q4 2018 exceeding Q2 2018 level. |
Ratio | Description | The company |
---|---|---|
Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. | Biogen Inc.’s average inventory processing period improved from Q2 2018 to Q3 2018 but then slightly deteriorated from Q3 2018 to Q4 2018. |
Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | Biogen Inc.’s average receivable collection period deteriorated from Q2 2018 to Q3 2018 but then improved from Q3 2018 to Q4 2018 exceeding Q2 2018 level. |
Operating cycle | Equal to average inventory processing period plus average receivables collection period. | Biogen Inc.’s operating cycle improved from Q2 2018 to Q3 2018 but then slightly deteriorated from Q3 2018 to Q4 2018. |
Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | Biogen Inc.’s average payables payment period increased from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018. |
Cash conversion cycle | A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. | Biogen Inc.’s cash conversion cycle improved from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018. |
Inventory Turnover
Biogen Inc., inventory turnover calculation (quarterly data)
Based on: 10-K (filing date: 2019-02-06), 10-Q (filing date: 2018-10-23), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-24), 10-K (filing date: 2018-02-01), 10-Q (filing date: 2017-10-24), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-25), 10-K (filing date: 2017-02-02), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-21), 10-Q (filing date: 2016-04-21), 10-K (filing date: 2016-02-03), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-24), 10-Q (filing date: 2015-04-24), 10-K (filing date: 2015-02-04), 10-Q (filing date: 2014-10-22), 10-Q (filing date: 2014-07-23), 10-Q (filing date: 2014-04-23).
Q4 2018 Calculations
1 Inventory turnover
= (Cost of sales, excluding amortization of acquired intangible assetsQ4 2018
+ Cost of sales, excluding amortization of acquired intangible assetsQ3 2018
+ Cost of sales, excluding amortization of acquired intangible assetsQ2 2018
+ Cost of sales, excluding amortization of acquired intangible assetsQ1 2018)
÷ Inventory
= ( +
+
+
)
÷
=
Ratio | Description | The company |
---|---|---|
Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | Biogen Inc.’s inventory turnover improved from Q2 2018 to Q3 2018 but then slightly deteriorated from Q3 2018 to Q4 2018. |
Receivables Turnover
Biogen Inc., receivables turnover calculation (quarterly data)
Based on: 10-K (filing date: 2019-02-06), 10-Q (filing date: 2018-10-23), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-24), 10-K (filing date: 2018-02-01), 10-Q (filing date: 2017-10-24), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-25), 10-K (filing date: 2017-02-02), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-21), 10-Q (filing date: 2016-04-21), 10-K (filing date: 2016-02-03), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-24), 10-Q (filing date: 2015-04-24), 10-K (filing date: 2015-02-04), 10-Q (filing date: 2014-10-22), 10-Q (filing date: 2014-07-23), 10-Q (filing date: 2014-04-23).
Q4 2018 Calculations
1 Receivables turnover
= (Product, netQ4 2018
+ Product, netQ3 2018
+ Product, netQ2 2018
+ Product, netQ1 2018)
÷ Accounts receivable, net
= ( +
+
+
)
÷
=
Ratio | Description | The company |
---|---|---|
Receivables turnover | An activity ratio equal to revenue divided by receivables. | Biogen Inc.’s receivables turnover deteriorated from Q2 2018 to Q3 2018 but then improved from Q3 2018 to Q4 2018 exceeding Q2 2018 level. |
Payables Turnover
Biogen Inc., payables turnover calculation (quarterly data)
Based on: 10-K (filing date: 2019-02-06), 10-Q (filing date: 2018-10-23), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-24), 10-K (filing date: 2018-02-01), 10-Q (filing date: 2017-10-24), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-25), 10-K (filing date: 2017-02-02), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-21), 10-Q (filing date: 2016-04-21), 10-K (filing date: 2016-02-03), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-24), 10-Q (filing date: 2015-04-24), 10-K (filing date: 2015-02-04), 10-Q (filing date: 2014-10-22), 10-Q (filing date: 2014-07-23), 10-Q (filing date: 2014-04-23).
Q4 2018 Calculations
1 Payables turnover
= (Cost of sales, excluding amortization of acquired intangible assetsQ4 2018
+ Cost of sales, excluding amortization of acquired intangible assetsQ3 2018
+ Cost of sales, excluding amortization of acquired intangible assetsQ2 2018
+ Cost of sales, excluding amortization of acquired intangible assetsQ1 2018)
÷ Accounts payable
= ( +
+
+
)
÷
=
Ratio | Description | The company |
---|---|---|
Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Biogen Inc.’s payables turnover declined from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018. |
Working Capital Turnover
Biogen Inc., working capital turnover calculation (quarterly data)
Based on: 10-K (filing date: 2019-02-06), 10-Q (filing date: 2018-10-23), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-24), 10-K (filing date: 2018-02-01), 10-Q (filing date: 2017-10-24), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-25), 10-K (filing date: 2017-02-02), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-21), 10-Q (filing date: 2016-04-21), 10-K (filing date: 2016-02-03), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-24), 10-Q (filing date: 2015-04-24), 10-K (filing date: 2015-02-04), 10-Q (filing date: 2014-10-22), 10-Q (filing date: 2014-07-23), 10-Q (filing date: 2014-04-23).
Q4 2018 Calculations
1 Working capital turnover
= (Product, netQ4 2018
+ Product, netQ3 2018
+ Product, netQ2 2018
+ Product, netQ1 2018)
÷ Working capital
= ( +
+
+
)
÷
=
Ratio | Description | The company |
---|---|---|
Working capital turnover | An activity ratio calculated as revenue divided by working capital. | Biogen Inc.’s working capital turnover deteriorated from Q2 2018 to Q3 2018 but then improved from Q3 2018 to Q4 2018 exceeding Q2 2018 level. |
Average Inventory Processing Period
Biogen Inc., average inventory processing period calculation (quarterly data)
Based on: 10-K (filing date: 2019-02-06), 10-Q (filing date: 2018-10-23), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-24), 10-K (filing date: 2018-02-01), 10-Q (filing date: 2017-10-24), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-25), 10-K (filing date: 2017-02-02), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-21), 10-Q (filing date: 2016-04-21), 10-K (filing date: 2016-02-03), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-24), 10-Q (filing date: 2015-04-24), 10-K (filing date: 2015-02-04), 10-Q (filing date: 2014-10-22), 10-Q (filing date: 2014-07-23), 10-Q (filing date: 2014-04-23).
Q4 2018 Calculations
1 Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ =
Ratio | Description | The company |
---|---|---|
Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. | Biogen Inc.’s average inventory processing period improved from Q2 2018 to Q3 2018 but then slightly deteriorated from Q3 2018 to Q4 2018. |
Average Receivable Collection Period
Biogen Inc., average receivable collection period calculation (quarterly data)
Based on: 10-K (filing date: 2019-02-06), 10-Q (filing date: 2018-10-23), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-24), 10-K (filing date: 2018-02-01), 10-Q (filing date: 2017-10-24), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-25), 10-K (filing date: 2017-02-02), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-21), 10-Q (filing date: 2016-04-21), 10-K (filing date: 2016-02-03), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-24), 10-Q (filing date: 2015-04-24), 10-K (filing date: 2015-02-04), 10-Q (filing date: 2014-10-22), 10-Q (filing date: 2014-07-23), 10-Q (filing date: 2014-04-23).
Q4 2018 Calculations
1 Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ =
Ratio | Description | The company |
---|---|---|
Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | Biogen Inc.’s average receivable collection period deteriorated from Q2 2018 to Q3 2018 but then improved from Q3 2018 to Q4 2018 exceeding Q2 2018 level. |
Operating Cycle
Biogen Inc., operating cycle calculation (quarterly data)
No. of days
Based on: 10-K (filing date: 2019-02-06), 10-Q (filing date: 2018-10-23), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-24), 10-K (filing date: 2018-02-01), 10-Q (filing date: 2017-10-24), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-25), 10-K (filing date: 2017-02-02), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-21), 10-Q (filing date: 2016-04-21), 10-K (filing date: 2016-02-03), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-24), 10-Q (filing date: 2015-04-24), 10-K (filing date: 2015-02-04), 10-Q (filing date: 2014-10-22), 10-Q (filing date: 2014-07-23), 10-Q (filing date: 2014-04-23).
Q4 2018 Calculations
1 Operating cycle = Average inventory processing period + Average receivable collection period
= +
=
Ratio | Description | The company |
---|---|---|
Operating cycle | Equal to average inventory processing period plus average receivables collection period. | Biogen Inc.’s operating cycle improved from Q2 2018 to Q3 2018 but then slightly deteriorated from Q3 2018 to Q4 2018. |
Average Payables Payment Period
Biogen Inc., average payables payment period calculation (quarterly data)
Based on: 10-K (filing date: 2019-02-06), 10-Q (filing date: 2018-10-23), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-24), 10-K (filing date: 2018-02-01), 10-Q (filing date: 2017-10-24), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-25), 10-K (filing date: 2017-02-02), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-21), 10-Q (filing date: 2016-04-21), 10-K (filing date: 2016-02-03), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-24), 10-Q (filing date: 2015-04-24), 10-K (filing date: 2015-02-04), 10-Q (filing date: 2014-10-22), 10-Q (filing date: 2014-07-23), 10-Q (filing date: 2014-04-23).
Q4 2018 Calculations
1 Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ =
Ratio | Description | The company |
---|---|---|
Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | Biogen Inc.’s average payables payment period increased from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018. |
Cash Conversion Cycle
Biogen Inc., cash conversion cycle calculation (quarterly data)
No. of days
Based on: 10-K (filing date: 2019-02-06), 10-Q (filing date: 2018-10-23), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-24), 10-K (filing date: 2018-02-01), 10-Q (filing date: 2017-10-24), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-25), 10-K (filing date: 2017-02-02), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-21), 10-Q (filing date: 2016-04-21), 10-K (filing date: 2016-02-03), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-24), 10-Q (filing date: 2015-04-24), 10-K (filing date: 2015-02-04), 10-Q (filing date: 2014-10-22), 10-Q (filing date: 2014-07-23), 10-Q (filing date: 2014-04-23).
Q4 2018 Calculations
1 Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= +
–
=
Ratio | Description | The company |
---|---|---|
Cash conversion cycle | A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. | Biogen Inc.’s cash conversion cycle improved from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018. |