Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.

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)

		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	Dec 31, 2014	Sep 30, 2014	Jun 30, 2014	Mar 31, 2014
	Net fixed asset turnover
	Net fixed asset turnover (including operating lease, right-of-use asset)
	Total asset turnover
	Equity turnover

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 deteriorated from Q3 2018 to Q4 2018 and from Q4 2018 to Q1 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 (including operating lease, right-of-use asset) deteriorated from Q3 2018 to Q4 2018 and from Q4 2018 to Q1 2019.
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	Facebook Inc.’s total asset turnover improved from Q3 2018 to Q4 2018 but then deteriorated significantly from Q4 2018 to Q1 2019.
Equity turnover	An activity ratio calculated as total revenue divided by shareholders’ equity.	Facebook Inc.’s equity turnover improved from Q3 2018 to Q4 2018 and from Q4 2018 to Q1 2019.

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

		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	Dec 31, 2014	Sep 30, 2014	Jun 30, 2014	Mar 31, 2014
	Selected Financial Data (USD $ in millions)
	Revenue
	Property and equipment, net
	Ratio
	Net fixed asset turnover¹

Q1 2019 Calculations

¹ Net fixed asset turnover = (Revenue_{Q1 2019} + Revenue_{Q4 2018} + Revenue_{Q3 2018} + Revenue_{Q2 2018}) ÷ Property and equipment, net
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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 deteriorated from Q3 2018 to Q4 2018 and from Q4 2018 to Q1 2019.

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

		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	Dec 31, 2014	Sep 30, 2014	Jun 30, 2014	Mar 31, 2014
	Selected Financial Data (USD $ in millions)
	Revenue

	Property and equipment, net
	Operating lease right-of-use assets, net
	Property and equipment, net (including operating lease, right-of-use asset)
	Ratio
	Net fixed asset turnover (including operating lease, right-of-use asset)¹

Q1 2019 Calculations

¹ Net fixed asset turnover (including operating lease, right-of-use asset) = (Revenue_{Q1 2019} + Revenue_{Q4 2018} + Revenue_{Q3 2018} + Revenue_{Q2 2018}) ÷ Property and equipment, net (including operating lease, right-of-use asset)
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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 (including operating lease, right-of-use asset) deteriorated from Q3 2018 to Q4 2018 and from Q4 2018 to Q1 2019.

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

		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	Dec 31, 2014	Sep 30, 2014	Jun 30, 2014	Mar 31, 2014
	Selected Financial Data (USD $ in millions)
	Revenue
	Total assets
	Ratio
	Total asset turnover¹

Q1 2019 Calculations

¹ Total asset turnover = (Revenue_{Q1 2019} + Revenue_{Q4 2018} + Revenue_{Q3 2018} + Revenue_{Q2 2018}) ÷ Total assets
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Ratio	Description	The company
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	Facebook Inc.’s total asset turnover improved from Q3 2018 to Q4 2018 but then deteriorated significantly from Q4 2018 to Q1 2019.

Facebook Inc., equity turnover calculation (quarterly data)

		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	Dec 31, 2014	Sep 30, 2014	Jun 30, 2014	Mar 31, 2014
	Selected Financial Data (USD $ in millions)
	Revenue
	Stockholders’ equity
	Ratio
	Equity turnover¹

Q1 2019 Calculations

¹ Equity turnover = (Revenue_{Q1 2019} + Revenue_{Q4 2018} + Revenue_{Q3 2018} + Revenue_{Q2 2018}) ÷ Stockholders’ equity
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Ratio	Description	The company
Equity turnover	An activity ratio calculated as total revenue divided by shareholders’ equity.	Facebook Inc.’s equity turnover improved from Q3 2018 to Q4 2018 and from Q4 2018 to Q1 2019.

	Facebook Inc.	Other companies (not purchased previously)
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Common-Size Financial Statements
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Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality

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Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
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Long-term Trends
Analysis
Financial Reporting Quality

Facebook Inc. (FB)

Long-term (Investment) Activity Analysis
Quarterly Data

Ratios (Summary)

Net Fixed Asset Turnover

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

Total Asset Turnover

Equity Turnover

Facebook Inc. (FB)

Long-term (Investment) Activity AnalysisQuarterly Data

Ratios (Summary)

Net Fixed Asset Turnover

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

Total Asset Turnover

Equity Turnover

Long-term (Investment) Activity Analysis
Quarterly Data