Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Facebook Inc. (NASDAQ:FB)

Analysis of Long-term (Investment) Activity Ratios

Beginner level

Long-term Activity Ratios (Summary)

Facebook Inc., long-term (investment) activity ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Net fixed asset turnover 2.00 2.26 2.96 3.22 3.15
Net fixed asset turnover (including operating lease, right-of-use asset) 1.58 2.26 2.96 3.22 3.15
Total asset turnover 0.53 0.57 0.48 0.43 0.36
Equity turnover 0.70 0.66 0.55 0.47 0.41

Based on: 10-K (filing date: 2020-01-30), 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-02-01), 10-K (filing date: 2017-02-03), 10-K (filing date: 2016-01-28).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Facebook Inc.’s net fixed asset turnover ratio deteriorated from 2017 to 2018 and from 2018 to 2019.
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). Facebook Inc.’s net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2017 to 2018 and from 2018 to 2019.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Facebook Inc.’s total asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Facebook Inc.’s equity turnover ratio improved from 2017 to 2018 and from 2018 to 2019.

Net Fixed Asset Turnover

Facebook Inc., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Revenue 70,697  55,838  40,653  27,638  17,928 
Property and equipment, net 35,323  24,683  13,721  8,591  5,687 
Long-term Activity Ratio
Net fixed asset turnover1 2.00 2.26 2.96 3.22 3.15
Benchmarks
Net Fixed Asset Turnover, Competitors2
Adobe Inc. 8.64 8.40 7.79 7.17 6.09
Alphabet Inc. 2.20 2.29 2.62 2.64 2.58
Autodesk Inc. 17.17 14.18 12.81 14.79 15.78
International Business Machines Corp. 7.71 7.38 7.12 7.38 7.62
Intuit Inc. 8.70 7.34 5.03 4.55 6.15
Microsoft Corp. 3.45 3.75 3.79 4.65 6.35
Oracle Corp. 6.32 6.75 7.10 9.26 10.37
salesforce.com inc. 6.48 5.38 4.69 3.89 4.77
ServiceNow Inc. 7.39 7.51 7.89 7.66 6.95
Net Fixed Asset Turnover, Sector
Software & Computer Services 3.08 3.36 3.82 4.27 4.86
Net Fixed Asset Turnover, Industry
Technology 3.38 3.69 3.99 4.42 5.20

Based on: 10-K (filing date: 2020-01-30), 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-02-01), 10-K (filing date: 2017-02-03), 10-K (filing date: 2016-01-28).

1 2019 Calculation
Net fixed asset turnover = Revenue ÷ Property and equipment, net
= 70,697 ÷ 35,323 = 2.00

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. Facebook Inc.’s net fixed asset turnover ratio deteriorated from 2017 to 2018 and from 2018 to 2019.

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

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

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Revenue 70,697  55,838  40,653  27,638  17,928 
 
Property and equipment, net 35,323  24,683  13,721  8,591  5,687 
Operating lease right-of-use assets, net 9,460  —  —  —  — 
Property and equipment, net (including operating lease, right-of-use asset) 44,783  24,683  13,721  8,591  5,687 
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 1.58 2.26 2.96 3.22 3.15
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Alphabet Inc. 1.91 2.29 2.62 2.64 2.58
Autodesk Inc. 17.17 14.18 12.81 14.79 15.78
International Business Machines Corp. 5.14 7.38 7.12 7.38 7.62
Intuit Inc. 8.70 7.34 5.03 4.55 6.15
Microsoft Corp. 2.87 3.05 3.79 4.65 6.35
Oracle Corp. 6.32 6.75 7.10 9.26 10.37
salesforce.com inc. 6.48 5.38 4.69 3.89 4.77
ServiceNow Inc. 3.98 7.51 7.89 7.66 6.95
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Software & Computer Services 2.57 3.20 3.82 4.27 4.86
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Technology 3.04 3.60 3.99 4.42 5.20

Based on: 10-K (filing date: 2020-01-30), 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-02-01), 10-K (filing date: 2017-02-03), 10-K (filing date: 2016-01-28).

1 2019 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenue ÷ Property and equipment, net (including operating lease, right-of-use asset)
= 70,697 ÷ 44,783 = 1.58

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). Facebook Inc.’s net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2017 to 2018 and from 2018 to 2019.

Total Asset Turnover

Facebook Inc., total asset turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Revenue 70,697  55,838  40,653  27,638  17,928 
Total assets 133,376  97,334  84,524  64,961  49,407 
Long-term Activity Ratio
Total asset turnover1 0.53 0.57 0.48 0.43 0.36
Benchmarks
Total Asset Turnover, Competitors2
Adobe Inc. 0.54 0.48 0.50 0.46 0.41
Alphabet Inc. 0.59 0.59 0.56 0.54 0.51
Autodesk Inc. 0.54 0.50 0.42 0.45 0.51
International Business Machines Corp. 0.51 0.65 0.63 0.68 0.74
Intuit Inc. 1.08 1.15 1.27 1.10 0.84
Microsoft Corp. 0.44 0.43 0.37 0.44 0.53
Oracle Corp. 0.36 0.29 0.28 0.33 0.34
salesforce.com inc. 0.43 0.50 0.48 0.52 0.50
ServiceNow Inc. 0.57 0.67 0.57 0.68 0.56
Total Asset Turnover, Sector
Software & Computer Services 0.50 0.50 0.46 0.49 0.52
Total Asset Turnover, Industry
Technology 0.56 0.57 0.49 0.53 0.59

Based on: 10-K (filing date: 2020-01-30), 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-02-01), 10-K (filing date: 2017-02-03), 10-K (filing date: 2016-01-28).

1 2019 Calculation
Total asset turnover = Revenue ÷ Total assets
= 70,697 ÷ 133,376 = 0.53

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. Facebook Inc.’s total asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.

Equity Turnover

Facebook Inc., equity turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Revenue 70,697  55,838  40,653  27,638  17,928 
Stockholders’ equity 101,054  84,127  74,347  59,194  44,218 
Long-term Activity Ratio
Equity turnover1 0.70 0.66 0.55 0.47 0.41
Benchmarks
Equity Turnover, Competitors2
Adobe Inc. 1.06 0.96 0.86 0.79 0.68
Alphabet Inc. 0.80 0.77 0.73 0.65 0.62
Autodesk Inc. 2.77 1.55 1.13
International Business Machines Corp. 3.70 4.74 4.50 4.38 5.73
Intuit Inc. 1.81 2.53 3.82 4.04 1.80
Microsoft Corp. 1.23 1.33 1.24 1.19 1.17
Oracle Corp. 1.81 0.87 0.70 0.78 0.79
salesforce.com inc. 0.85 1.12 1.12 1.33 1.35
ServiceNow Inc. 1.63 2.35 3.31 3.59 1.77
Equity Turnover, Sector
Software & Computer Services 1.07 1.06 0.98 0.97 1.00
Equity Turnover, Industry
Technology 1.30 1.30 1.09 1.07 1.17

Based on: 10-K (filing date: 2020-01-30), 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-02-01), 10-K (filing date: 2017-02-03), 10-K (filing date: 2016-01-28).

1 2019 Calculation
Equity turnover = Revenue ÷ Stockholders’ equity
= 70,697 ÷ 101,054 = 0.70

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. Facebook Inc.’s equity turnover ratio improved from 2017 to 2018 and from 2018 to 2019.