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

Ratios (Summary)
Receivables Turnover
Payables Turnover
Working Capital Turnover
Average Receivable Collection Period
Average Payables Payment Period

Facebook Inc., short-term (operating) activity ratios (quarterly data)

		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
	Turnover Ratios
	Receivables turnover
	Payables turnover
	Working capital turnover
	Average No. of Days
	Add: Average receivable collection period
	Less: Average payables payment period

Ratio	Description	The company
Receivables turnover	An activity ratio equal to revenue divided by receivables.	Facebook Inc.’s receivables turnover deteriorated from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.
Payables turnover	An activity ratio calculated as cost of goods sold divided by payables.	Facebook 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.	Facebook Inc.’s working capital turnover improved from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.

Ratio	Description	The company
Average receivable collection period	An activity ratio equal to the number of days in the period divided by receivables turnover.	Facebook Inc.’s average receivable collection period deteriorated from Q2 2018 to Q3 2018 and 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.	Facebook Inc.’s average payables payment period increased from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.

Facebook Inc., receivables turnover calculation (quarterly data)

		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
	Accounts receivable, net of allowances
	Ratio
	Receivables turnover¹

Q4 2018 Calculations

¹ Receivables turnover = (Revenue_{Q4 2018} + Revenue_{Q3 2018} + Revenue_{Q2 2018} + Revenue_{Q1 2018}) ÷ Accounts receivable, net of allowances
= ( hidden + hidden + hidden + hidden ) ÷ hidden = hidden

Ratio	Description	The company
Receivables turnover	An activity ratio equal to revenue divided by receivables.	Facebook Inc.’s receivables turnover deteriorated from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.

Facebook Inc., payables turnover calculation (quarterly data)

		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)
	Cost of revenue
	Accounts payable
	Ratio
	Payables turnover¹

Q4 2018 Calculations

¹ Payables turnover = (Cost of revenue_{Q4 2018} + Cost of revenue_{Q3 2018} + Cost of revenue_{Q2 2018} + Cost of revenue_{Q1 2018}) ÷ Accounts payable
= ( hidden + hidden + hidden + hidden ) ÷ hidden = hidden

Ratio	Description	The company
Payables turnover	An activity ratio calculated as cost of goods sold divided by payables.	Facebook Inc.’s payables turnover declined from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.

Facebook Inc., working capital turnover calculation (quarterly data)

		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)
	Current assets
	Less: Current liabilities
	Working capital
	Revenue
	Ratio
	Working capital turnover¹

Q4 2018 Calculations

¹ Working capital turnover = (Revenue_{Q4 2018} + Revenue_{Q3 2018} + Revenue_{Q2 2018} + Revenue_{Q1 2018}) ÷ Working capital
= ( hidden + hidden + hidden + hidden ) ÷ hidden = hidden

Ratio	Description	The company
Working capital turnover	An activity ratio calculated as revenue divided by working capital.	Facebook Inc.’s working capital turnover improved from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.

Facebook Inc., average receivable collection period calculation (quarterly data)

		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
	Receivables turnover
	Ratio (no. of days)
	Average receivable collection period¹

Q4 2018 Calculations

¹ Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ hidden = hidden

Ratio	Description	The company
Average receivable collection period	An activity ratio equal to the number of days in the period divided by receivables turnover.	Facebook Inc.’s average receivable collection period deteriorated from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.

Facebook Inc., average payables payment period calculation (quarterly data)

		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
	Payables turnover
	Ratio (no. of days)
	Average payables payment period¹

Q4 2018 Calculations

¹ Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ hidden = hidden

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.	Facebook Inc.’s average payables payment period increased from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.

	Facebook Inc.	Other companies (not purchased previously)
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Economic Value Added (EVA)
Long-term Trends
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Facebook Inc. (FB)

Short-term (Operating) Activity Analysis
Quarterly Data

Ratios (Summary)

Receivables Turnover

Payables Turnover

Working Capital Turnover

Average Receivable Collection Period

Average Payables Payment Period

Facebook Inc. (FB)

Short-term (Operating) Activity AnalysisQuarterly Data

Ratios (Summary)

Receivables Turnover

Payables Turnover

Working Capital Turnover

Average Receivable Collection Period

Average Payables Payment Period

Short-term (Operating) Activity Analysis
Quarterly Data