Analysis of Long-term (Investment) Activity Ratios
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)
Etsy Inc., long-term (investment) activity ratios
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. | Etsy Inc. net fixed asset turnover ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level. |
| 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). | Etsy Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Etsy Inc. total asset turnover ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Etsy Inc. equity turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |
Net Fixed Asset Turnover
Etsy Inc., net fixed asset turnover calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Revenue | 2,329,114) | 1,725,625) | 818,379) | 603,693) | 441,231) | |
| Property and equipment, net | 275,062) | 112,495) | 144,864) | 120,179) | 117,617) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover1 | 8.47 | 15.34 | 5.65 | 5.02 | 3.75 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||
| Amazon.com Inc. | 2.93 | 3.41 | 3.86 | — | — | |
| Home Depot Inc. | 5.35 | 4.84 | 4.84 | — | — | |
| Lowe’s Cos. Inc. | 4.68 | 3.86 | 3.87 | — | — | |
| TJX Cos. Inc. | 6.38 | 7.83 | 7.42 | — | — | |
| Net Fixed Asset Turnover, Sector | ||||||
| Consumer Discretionary Distribution & Retail | 3.46 | 3.82 | 4.20 | — | — | |
| Net Fixed Asset Turnover, Industry | ||||||
| Consumer Discretionary | 2.98 | 2.99 | 3.28 | — | — | |
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 = Revenue ÷ Property and equipment, net
= 2,329,114 ÷ 275,062 = 8.47
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. | Etsy Inc. net fixed asset turnover ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Etsy Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Revenue | 2,329,114) | 1,725,625) | 818,379) | 603,693) | 441,231) | |
| Property and equipment, net | 275,062) | 112,495) | 144,864) | 120,179) | 117,617) | |
| Operating lease right-of-use (ROU) assets (included in Other assets) | 45,951) | 19,563) | 24,362) | —) | —) | |
| Property and equipment, net (including operating lease, right-of-use asset) | 321,013) | 132,058) | 169,226) | 120,179) | 117,617) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 7.26 | 13.07 | 4.84 | 5.02 | 3.75 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | ||||||
| Amazon.com Inc. | 2.17 | 2.56 | 2.87 | — | — | |
| Home Depot Inc. | 4.31 | 3.89 | 4.84 | — | — | |
| Lowe’s Cos. Inc. | 3.90 | 3.20 | 3.87 | — | — | |
| TJX Cos. Inc. | 2.29 | 2.90 | 7.42 | — | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | ||||||
| Consumer Discretionary Distribution & Retail | 2.55 | 2.83 | 3.47 | — | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | ||||||
| Consumer Discretionary | 2.32 | 2.34 | 2.83 | — | — | |
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) = Revenue ÷ Property and equipment, net (including operating lease, right-of-use asset)
= 2,329,114 ÷ 321,013 = 7.26
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). | Etsy Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level. |
Total Asset Turnover
Etsy Inc., total asset turnover calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Revenue | 2,329,114) | 1,725,625) | 818,379) | 603,693) | 441,231) | |
| Total assets | 3,831,809) | 2,404,489) | 1,542,352) | 901,851) | 605,583) | |
| Long-term Activity Ratio | ||||||
| Total asset turnover1 | 0.61 | 0.72 | 0.53 | 0.67 | 0.73 | |
| Benchmarks | ||||||
| Total Asset Turnover, Competitors2 | ||||||
| Amazon.com Inc. | 1.12 | 1.20 | 1.25 | — | — | |
| Home Depot Inc. | 1.87 | 2.15 | 2.46 | — | — | |
| Lowe’s Cos. Inc. | 1.92 | 1.83 | 2.07 | — | — | |
| TJX Cos. Inc. | 1.04 | 1.73 | 2.72 | — | — | |
| Total Asset Turnover, Sector | ||||||
| Consumer Discretionary Distribution & Retail | 1.27 | 1.40 | 1.57 | — | — | |
| Total Asset Turnover, Industry | ||||||
| Consumer Discretionary | 0.84 | 0.81 | 0.92 | — | — | |
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 = Revenue ÷ Total assets
= 2,329,114 ÷ 3,831,809 = 0.61
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. | Etsy Inc. total asset turnover ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level. |
Equity Turnover
Etsy Inc., equity turnover calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Revenue | 2,329,114) | 1,725,625) | 818,379) | 603,693) | 441,231) | |
| Stockholders’ equity | 628,619) | 742,424) | 406,634) | 400,898) | 396,894) | |
| Long-term Activity Ratio | ||||||
| Equity turnover1 | 3.71 | 2.32 | 2.01 | 1.51 | 1.11 | |
| Benchmarks | ||||||
| Equity Turnover, Competitors2 | ||||||
| Amazon.com Inc. | 3.40 | 4.13 | 4.52 | — | — | |
| Home Depot Inc. | 40.05 | — | — | — | — | |
| Lowe’s Cos. Inc. | 62.35 | 36.59 | 19.57 | — | — | |
| TJX Cos. Inc. | 5.51 | 7.01 | 7.72 | — | — | |
| Equity Turnover, Sector | ||||||
| Consumer Discretionary Distribution & Retail | 4.86 | 6.21 | 7.25 | — | — | |
| Equity Turnover, Industry | ||||||
| Consumer Discretionary | 3.60 | 4.40 | 5.13 | — | — | |
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 = Revenue ÷ Stockholders’ equity
= 2,329,114 ÷ 628,619 = 3.71
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. | Etsy Inc. equity turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |