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

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

	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015	Sep 30, 2015	Jun 30, 2015	Mar 31, 2015
Net fixed asset turnover	1.93	1.98	2.00	2.06	2.09	2.16	2.26	2.46	2.64	2.75	2.96	3.00	3.12	3.20	3.22	3.12	3.12	3.06	3.15	—	—	—
Net fixed asset turnover (including operating lease, right-of-use asset)	1.55	1.58	1.58	1.64	1.68	1.73	2.26	2.46	2.64	2.75	2.96	3.00	3.12	3.20	3.22	3.12	3.12	3.06	3.15	—	—	—
Total asset turnover	0.54	0.53	0.53	0.53	0.54	0.54	0.57	0.56	0.54	0.50	0.48	0.46	0.45	0.44	0.43	0.41	0.40	0.38	0.36	—	—	—
Equity turnover	0.68	0.70	0.70	0.71	0.71	0.68	0.66	0.65	0.61	0.57	0.55	0.51	0.50	0.49	0.47	0.46	0.44	0.42	0.41	—	—	—

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 Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
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 Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	Facebook Inc.’s total asset turnover ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Equity turnover	An activity ratio calculated as total revenue divided by shareholders’ equity.	Facebook Inc.’s equity turnover ratio deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Facebook Inc., net fixed asset turnover calculation (quarterly data)

	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015	Sep 30, 2015	Jun 30, 2015	Mar 31, 2015
Selected Financial Data (US$ in millions)
Revenue	18,687	17,737	21,082	17,652	16,886	15,077	16,914	13,727	13,231	11,966	12,972	10,328	9,321	8,032	8,809	7,011	6,436	5,382	5,842	4,501	4,042	3,543
Property and equipment, net	39,006	37,127	35,323	32,284	29,999	27,345	24,683	21,112	18,357	16,211	13,721	12,158	10,628	9,462	8,591	7,899	7,104	6,467	5,687	5,335	4,955	4,619
Long-term Activity Ratio
Net fixed asset turnover¹	1.93	1.98	2.00	2.06	2.09	2.16	2.26	2.46	2.64	2.75	2.96	3.00	3.12	3.20	3.22	3.12	3.12	3.06	3.15	—	—	—
Benchmarks
Net Fixed Asset Turnover, Competitors²
Adobe Inc.	8.68	8.70	8.64	8.56	8.38	8.65	8.40	8.41	8.18	7.76	7.79	7.35	7.06	7.49	7.17	6.84	6.67	6.38	6.09	5.72	5.54	5.43
Alphabet Inc.	2.11	2.17	2.20	2.24	2.29	2.35	2.29	2.35	2.40	2.40	2.62	2.61	2.63	2.64	2.64	2.61	2.60	2.59	2.58	—	—	—
Autodesk Inc.	19.36	17.99	17.17	16.49	15.26	13.47	14.18	13.38	12.78	13.33	12.81	13.07	13.36	13.55	14.79	16.23	16.05	16.36	15.78	—	—	—
International Business Machines Corp.	7.78	7.95	7.71	7.66	7.63	7.37	7.38	7.34	7.33	7.10	7.12	7.09	7.19	7.31	7.38	7.22	7.24	7.41	7.62	—	—	—
Intuit Inc.	9.40	8.97	8.70	8.48	7.94	7.57	7.34	6.12	5.52	5.20	5.03	4.89	4.63	4.55	4.55	4.69	4.56	6.12	6.15	6.27	6.94	7.15
Microsoft Corp.	3.31	3.38	3.45	3.63	3.62	3.66	3.75	3.71	3.76	3.79	3.79	3.97	4.01	4.44	4.65	5.16	5.58	6.03	6.35	—	—	—
Oracle Corp.	6.31	6.31	6.32	6.39	6.63	6.73	6.75	6.69	6.63	6.86	7.10	7.38	7.63	9.05	9.26	9.26	9.72	9.77	10.37	—	—	—
salesforce.com inc.	6.45	6.25	6.48	6.27	5.95	5.69	5.38	5.32	5.03	4.80	4.69	4.50	4.32	4.13	3.89	3.62	3.46	3.26	4.77	—	—	—
ServiceNow Inc.	7.23	7.89	7.39	8.04	8.27	8.01	7.51	8.20	7.89	7.87	7.89	7.66	7.64	7.92	7.66	7.33	7.17	7.13	6.95	—	—	—

¹ Q2 2020 Calculation
Net fixed asset turnover = (Revenue_{Q2 2020} + Revenue_{Q1 2020} + Revenue_{Q4 2019} + Revenue_{Q3 2019}) ÷ Property and equipment, net
= (18,687 + 17,737 + 21,082 + 17,652) ÷ 39,006 = 1.93

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.	Facebook Inc.’s net fixed asset turnover ratio deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Facebook Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation (quarterly data)

	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015	Sep 30, 2015	Jun 30, 2015	Mar 31, 2015
Selected Financial Data (US$ in millions)
Revenue	18,687	17,737	21,082	17,652	16,886	15,077	16,914	13,727	13,231	11,966	12,972	10,328	9,321	8,032	8,809	7,011	6,436	5,382	5,842	4,501	4,042	3,543

Property and equipment, net	39,006	37,127	35,323	32,284	29,999	27,345	24,683	21,112	18,357	16,211	13,721	12,158	10,628	9,462	8,591	7,899	7,104	6,467	5,687	5,335	4,955	4,619
Operating lease right-of-use assets, net	9,429	9,359	9,460	8,403	7,272	6,747	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Property and equipment, net (including operating lease, right-of-use asset)	48,435	46,486	44,783	40,687	37,271	34,092	24,683	21,112	18,357	16,211	13,721	12,158	10,628	9,462	8,591	7,899	7,104	6,467	5,687	5,335	4,955	4,619
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)¹	1.55	1.58	1.58	1.64	1.68	1.73	2.26	2.46	2.64	2.75	2.96	3.00	3.12	3.20	3.22	3.12	3.12	3.06	3.15	—	—	—
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors²
Adobe Inc.	6.42	6.32	8.64	8.56	8.38	8.65	8.40	8.41	8.18	7.76	7.79	7.35	7.06	7.49	7.17	6.84	6.67	6.38	6.09	5.72	5.54	5.43
Alphabet Inc.	1.84	1.89	1.91	1.95	1.99	2.05	2.29	2.35	2.40	2.40	2.62	2.61	2.63	2.64	2.64	2.61	2.60	2.59	2.58	—	—	—
Autodesk Inc.	6.51	5.94	17.17	16.49	15.26	13.47	14.18	13.38	12.78	13.33	12.81	13.07	13.36	13.55	14.79	16.23	16.05	16.36	15.78	—	—	—
International Business Machines Corp.	5.21	5.28	5.14	5.15	5.12	5.14	7.38	7.34	7.33	7.10	7.12	7.09	7.19	7.31	7.38	7.22	7.24	7.41	7.62	—	—	—
Intuit Inc.	6.76	6.42	8.70	8.48	7.94	7.57	7.34	6.12	5.52	5.20	5.03	4.89	4.63	4.55	4.55	4.69	4.56	6.12	6.15	6.27	6.94	7.15
Microsoft Corp.	2.74	2.80	2.87	3.00	3.00	3.01	3.05	2.98	2.99	2.97	3.79	3.97	4.01	4.44	4.65	5.16	5.58	6.03	6.35	—	—	—
salesforce.com inc.	2.84	2.75	6.48	6.27	5.95	5.69	5.38	5.32	5.03	4.80	4.69	4.50	4.32	4.13	3.89	3.62	3.46	3.26	4.77	—	—	—
ServiceNow Inc.	3.91	3.97	3.98	4.00	3.95	3.77	7.51	8.20	7.89	7.87	7.89	7.66	7.64	7.92	7.66	7.33	7.17	7.13	6.95	—	—	—

¹ Q2 2020 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = (Revenue_{Q2 2020} + Revenue_{Q1 2020} + Revenue_{Q4 2019} + Revenue_{Q3 2019}) ÷ Property and equipment, net (including operating lease, right-of-use asset)
= (18,687 + 17,737 + 21,082 + 17,652) ÷ 48,435 = 1.55

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 Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Facebook Inc., total asset turnover calculation (quarterly data)

	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015	Sep 30, 2015	Jun 30, 2015	Mar 31, 2015
Selected Financial Data (US$ in millions)
Revenue	18,687	17,737	21,082	17,652	16,886	15,077	16,914	13,727	13,231	11,966	12,972	10,328	9,321	8,032	8,809	7,011	6,436	5,382	5,842	4,501	4,042	3,543
Total assets	139,691	138,371	133,376	124,418	117,006	109,477	97,334	92,452	90,291	88,945	84,524	78,998	73,843	68,714	64,961	59,674	55,739	52,075	49,407	46,469	44,130	42,007
Long-term Activity Ratio
Total asset turnover¹	0.54	0.53	0.53	0.53	0.54	0.54	0.57	0.56	0.54	0.50	0.48	0.46	0.45	0.44	0.43	0.41	0.40	0.38	0.36	—	—	—
Benchmarks
Total Asset Turnover, Competitors²
Adobe Inc.	0.56	0.55	0.54	0.53	0.51	0.49	0.48	0.56	0.54	0.51	0.50	0.50	0.49	0.47	0.46	0.45	0.43	0.43	0.41	0.40	0.39	0.39
Alphabet Inc.	0.60	0.61	0.59	0.59	0.58	0.58	0.59	0.59	0.59	0.57	0.56	0.55	0.56	0.55	0.54	0.53	0.53	0.52	0.51	—	—	—
Autodesk Inc.	0.60	0.57	0.54	0.63	0.58	0.54	0.50	0.48	0.45	0.45	0.42	0.46	0.46	0.46	0.45	0.48	0.48	0.54	0.51	—	—	—
International Business Machines Corp.	0.49	0.50	0.51	0.52	0.50	0.60	0.65	0.66	0.66	0.64	0.63	0.64	0.65	0.68	0.68	0.69	0.68	0.68	0.74	—	—	—
Intuit Inc.	1.06	1.12	1.08	0.98	1.21	1.24	1.15	1.01	1.11	1.30	1.27	1.02	1.11	1.21	1.10	0.94	1.03	1.12	0.84	0.80	0.85	0.89
Microsoft Corp.	0.47	0.47	0.44	0.46	0.46	0.45	0.43	0.42	0.39	0.38	0.37	0.39	0.38	0.40	0.44	0.48	0.49	0.52	0.53	—	—	—
Oracle Corp.	0.40	0.37	0.36	0.36	0.34	0.31	0.29	0.29	0.28	0.29	0.28	0.30	0.30	0.30	0.33	0.35	0.35	0.35	0.34	—	—	—
salesforce.com inc.	0.44	0.42	0.43	0.47	0.46	0.48	0.50	0.57	0.54	0.52	0.48	0.55	0.52	0.55	0.52	0.58	0.55	0.55	0.50	—	—	—
ServiceNow Inc.	0.61	0.60	0.57	0.68	0.65	0.64	0.67	0.68	0.65	0.57	0.57	0.58	0.56	0.69	0.68	0.71	0.70	0.59	0.56	—	—	—

¹ Q2 2020 Calculation
Total asset turnover = (Revenue_{Q2 2020} + Revenue_{Q1 2020} + Revenue_{Q4 2019} + Revenue_{Q3 2019}) ÷ Total assets
= (18,687 + 17,737 + 21,082 + 17,652) ÷ 139,691 = 0.54

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 Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Facebook Inc., equity turnover calculation (quarterly data)

	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015	Sep 30, 2015	Jun 30, 2015	Mar 31, 2015
Selected Financial Data (US$ in millions)
Revenue	18,687	17,737	21,082	17,652	16,886	15,077	16,914	13,727	13,231	11,966	12,972	10,328	9,321	8,032	8,809	7,011	6,436	5,382	5,842	4,501	4,042	3,543
Stockholders’ equity	110,447	105,304	101,054	93,999	88,762	86,516	84,127	80,342	79,382	77,620	74,347	71,208	66,481	62,188	59,194	54,115	50,383	47,150	44,218	41,420	39,452	37,501
Long-term Activity Ratio
Equity turnover¹	0.68	0.70	0.70	0.71	0.71	0.68	0.66	0.65	0.61	0.57	0.55	0.51	0.50	0.49	0.47	0.46	0.44	0.42	0.41	—	—	—
Benchmarks
Equity Turnover, Competitors²
Adobe Inc.	1.11	1.11	1.06	1.04	1.02	0.97	0.96	0.97	0.93	0.89	0.86	0.84	0.84	0.81	0.79	0.76	0.73	0.72	0.68	0.67	0.66	0.65
Alphabet Inc.	0.80	0.82	0.80	0.80	0.77	0.77	0.77	0.76	0.76	0.73	0.73	0.67	0.67	0.65	0.65	0.64	0.64	0.63	0.62	—	—	—
Autodesk Inc.	—	—	—	—	—	—	—	18.47	6.20	3.95	2.77	2.07	1.74	1.65	1.55	1.45	1.33	1.15	1.13	—	—	—
International Business Machines Corp.	3.67	3.83	3.70	4.30	4.41	4.78	4.74	4.06	4.36	4.41	4.50	3.99	4.26	4.33	4.38	4.72	5.10	5.42	5.73	—	—	—
Intuit Inc.	1.91	1.91	1.81	1.67	2.30	2.19	2.53	2.46	4.70	4.39	3.82	3.00	6.18	5.08	4.04	3.71	6.97	4.08	1.80	1.81	1.90	1.54
Microsoft Corp.	1.22	1.22	1.23	1.29	1.29	1.34	1.33	1.31	1.26	1.05	1.24	1.25	1.25	1.21	1.19	1.16	1.15	1.17	1.17	—	—	—
Oracle Corp.	2.54	2.14	1.81	1.67	1.30	1.05	0.87	0.83	0.70	0.68	0.70	0.74	0.77	0.78	0.78	0.81	0.82	0.81	0.79	—	—	—
salesforce.com inc.	0.86	0.85	0.85	0.85	0.87	1.00	1.12	1.12	1.11	1.12	1.12	1.16	1.22	1.27	1.33	1.33	1.32	1.34	1.35	—	—	—
ServiceNow Inc.	1.60	1.64	1.63	2.26	2.39	2.35	2.35	2.39	2.54	2.43	3.31	3.21	3.38	3.51	3.59	3.56	3.68	3.64	1.77	—	—	—

¹ Q2 2020 Calculation
Equity turnover = (Revenue_{Q2 2020} + Revenue_{Q1 2020} + Revenue_{Q4 2019} + Revenue_{Q3 2019}) ÷ Stockholders’ equity
= (18,687 + 17,737 + 21,082 + 17,652) ÷ 110,447 = 0.68

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 deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Facebook Inc. (NASDAQ:FB)

Analysis of Long-term (Investment) Activity Ratios
Quarterly Data

Long-term Activity Ratios (Summary)

Net Fixed Asset Turnover

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

Total Asset Turnover

Equity Turnover

Facebook Inc. (NASDAQ:FB)

Analysis of Long-term (Investment) Activity RatiosQuarterly Data

Long-term Activity Ratios (Summary)

Net Fixed Asset Turnover

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

Total Asset Turnover

Equity Turnover

Analysis of Long-term (Investment) Activity Ratios
Quarterly Data