Analysis of Short-term (Operating) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Short-term Activity Ratios (Summary)
Fiserv Inc., short-term (operating) activity ratios (quarterly data)
Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
| Short-term activity ratio | Description | The company |
|---|---|---|
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Fiserv Inc. receivables turnover ratio improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022. |
| Working capital turnover | An activity ratio calculated as revenue divided by working capital. | Fiserv Inc. working capital turnover ratio improved from Q3 2021 to Q4 2021 but then slightly deteriorated from Q4 2021 to Q1 2022. |
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. |
Receivables Turnover
Fiserv Inc., receivables turnover calculation (quarterly data)
| Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Revenue | 4,138) | 4,257) | 4,163) | 4,051) | 3,755) | 3,832) | 3,786) | 3,465) | 3,769) | 4,045) | 3,128) | 1,512) | 1,502) | 1,551) | 1,412) | 1,420) | 1,440) | 1,516) | 1,400) | 1,386) | 1,394) | |||||||
| Trade accounts receivable, less allowance for doubtful accounts | 2,911) | 2,860) | 2,793) | 2,663) | 2,617) | 2,482) | 2,323) | 2,512) | 2,582) | 2,782) | 2,653) | 989) | 1,044) | 1,049) | 949) | 932) | 878) | 997) | 898) | 845) | 861) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||
| Receivables turnover1 | 5.71 | 5.67 | 5.66 | 5.79 | 5.67 | 5.98 | 6.49 | 5.74 | 4.82 | 3.66 | 2.90 | 6.04 | 5.64 | 5.55 | 6.10 | 6.20 | 6.54 | 5.71 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Receivables Turnover, Competitors2 | ||||||||||||||||||||||||||||
| Adobe Inc. | 9.58 | 8.41 | 9.77 | 9.74 | 9.00 | 9.20 | 9.44 | 8.82 | 8.40 | 7.28 | 7.76 | 7.94 | 7.12 | 6.86 | — | — | — | — | — | — | — | |||||||
| International Business Machines Corp. | 9.79 | 8.49 | 9.23 | 9.57 | 10.72 | 10.32 | 12.30 | 11.54 | 11.05 | 9.80 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Intuit Inc. | 25.10 | 24.64 | 16.04 | 16.60 | 79.16 | 51.54 | 31.31 | 11.82 | 66.66 | 77.98 | 25.87 | 11.61 | 79.14 | 60.86 | — | — | — | — | — | — | — | |||||||
| Microsoft Corp. | 6.44 | 4.42 | 6.08 | 5.61 | 6.44 | 4.47 | 6.11 | 5.71 | 6.80 | 4.26 | 6.34 | 6.02 | 6.61 | 4.17 | — | — | — | — | — | — | — | |||||||
| Oracle Corp. | 9.11 | 7.48 | 8.56 | 8.91 | 8.57 | 7.04 | 9.55 | 9.77 | 10.35 | 7.69 | 9.92 | 10.01 | 10.68 | 7.55 | — | — | — | — | — | — | — | |||||||
| Palo Alto Networks Inc. | 5.61 | 3.43 | 5.20 | 5.65 | 5.30 | 3.29 | 4.88 | 5.78 | 6.04 | 4.98 | 6.75 | 6.25 | 6.34 | 4.86 | — | — | — | — | — | — | — | |||||||
| Salesforce Inc. | 7.04 | 2.73 | 6.12 | 5.63 | 5.93 | 2.77 | 6.16 | 6.32 | 6.51 | 2.70 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ServiceNow Inc. | 7.59 | 4.24 | 7.13 | 6.62 | 7.49 | 4.48 | 6.69 | 6.26 | 6.04 | 4.14 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Synopsys Inc. | 4.34 | 7.40 | 7.06 | 6.51 | 4.84 | 4.72 | 5.50 | 5.36 | 4.22 | 6.07 | 7.23 | 6.14 | 4.16 | 5.63 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q1 2022 Calculation
Receivables turnover
= (RevenueQ1 2022
+ RevenueQ4 2021
+ RevenueQ3 2021
+ RevenueQ2 2021)
÷ Trade accounts receivable, less allowance for doubtful accounts
= (4,138 + 4,257 + 4,163 + 4,051)
÷ 2,911 = 5.71
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Fiserv Inc. receivables turnover ratio improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022. |
Working Capital Turnover
Fiserv Inc., working capital turnover calculation (quarterly data)
| Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Current assets | 18,443) | 18,870) | 18,425) | 17,727) | 16,440) | 16,219) | 14,025) | 17,482) | 12,933) | 17,046) | 17,991) | 10,209) | 2,275) | 2,224) | 2,338) | 1,804) | 1,768) | 1,975) | 1,870) | 1,632) | 1,615) | |||||||
| Less: Current liabilities | 17,730) | 18,295) | 17,562) | 17,251) | 15,905) | 15,637) | 13,263) | 16,760) | 12,119) | 15,727) | 16,661) | 2,054) | 2,120) | 2,010) | 2,320) | 1,655) | 1,683) | 1,938) | 1,850) | 1,707) | 1,790) | |||||||
| Working capital | 713) | 575) | 863) | 476) | 535) | 582) | 762) | 722) | 814) | 1,319) | 1,330) | 8,155) | 155) | 214) | 18) | 149) | 85) | 37) | 20) | (75) | (175) | |||||||
| Revenue | 4,138) | 4,257) | 4,163) | 4,051) | 3,755) | 3,832) | 3,786) | 3,465) | 3,769) | 4,045) | 3,128) | 1,512) | 1,502) | 1,551) | 1,412) | 1,420) | 1,440) | 1,516) | 1,400) | 1,386) | 1,394) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||
| Working capital turnover1 | 23.29 | 28.22 | 18.31 | 32.40 | 27.73 | 25.52 | 19.77 | 19.95 | 15.30 | 7.72 | 5.78 | 0.73 | 37.97 | 27.21 | 321.56 | 38.77 | 67.55 | 153.95 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Working Capital Turnover, Competitors2 | ||||||||||||||||||||||||||||
| Accenture PLC | 15.85 | 12.77 | 7.71 | 8.35 | 7.70 | 8.71 | 10.32 | 10.56 | 9.98 | 9.85 | 11.92 | 11.77 | 12.53 | 12.12 | — | — | — | — | — | — | — | |||||||
| Adobe Inc. | 57.86 | 9.09 | 6.22 | 7.44 | 8.67 | 4.89 | 5.51 | 8.11 | 9.50 | — | — | — | — | 16.24 | — | — | — | — | — | — | — | |||||||
| International Business Machines Corp. | — | — | — | — | — | — | 40.51 | 49.97 | — | 107.30 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Intuit Inc. | 4.39 | 3.85 | 3.40 | 5.45 | 1.74 | 1.73 | 3.19 | 4.80 | 4.93 | 4.17 | 3.46 | 10.00 | 9.43 | 20.71 | — | — | — | — | — | — | — | |||||||
| Microsoft Corp. | 1.88 | 1.76 | 1.71 | 1.44 | 1.37 | 1.30 | 1.24 | 1.25 | 1.20 | 1.19 | 1.15 | 1.11 | 1.06 | 0.99 | — | — | — | — | — | — | — | |||||||
| Oracle Corp. | 1.70 | 1.29 | 1.69 | 1.58 | 1.26 | 1.12 | 2.25 | 1.98 | 1.68 | 1.42 | 1.34 | 1.09 | 0.84 | 0.70 | — | — | — | — | — | — | — | |||||||
| Palo Alto Networks Inc. | — | — | 3.52 | — | 2.15 | 1.40 | 4.81 | 1.80 | 1.89 | 1.80 | 1.60 | 1.60 | 1.21 | 1.14 | — | — | — | — | — | — | — | |||||||
| Salesforce Inc. | 4.36 | 5.11 | 7.48 | 10.29 | 9.75 | 15.29 | 28.71 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ServiceNow Inc. | 10.61 | 21.76 | 11.15 | 16.31 | 5.62 | 5.76 | 3.73 | 8.10 | 43.84 | 46.69 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Synopsys Inc. | 9.47 | 10.65 | 9.50 | 9.18 | 16.88 | 9.00 | 27.06 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q1 2022 Calculation
Working capital turnover
= (RevenueQ1 2022
+ RevenueQ4 2021
+ RevenueQ3 2021
+ RevenueQ2 2021)
÷ Working capital
= (4,138 + 4,257 + 4,163 + 4,051)
÷ 713 = 23.29
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Working capital turnover | An activity ratio calculated as revenue divided by working capital. | Fiserv Inc. working capital turnover ratio improved from Q3 2021 to Q4 2021 but then slightly deteriorated from Q4 2021 to Q1 2022. |
Average Receivable Collection Period
Fiserv Inc., average receivable collection period calculation (quarterly data)
| Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||
| Receivables turnover | 5.71 | 5.67 | 5.66 | 5.79 | 5.67 | 5.98 | 6.49 | 5.74 | 4.82 | 3.66 | 2.90 | 6.04 | 5.64 | 5.55 | 6.10 | 6.20 | 6.54 | 5.71 | — | — | — | |||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||
| Average receivable collection period1 | 64 | 64 | 65 | 63 | 64 | 61 | 56 | 64 | 76 | 100 | 126 | 60 | 65 | 66 | 60 | 59 | 56 | 64 | — | — | — | |||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||||
| Average Receivable Collection Period, Competitors2 | ||||||||||||||||||||||||||||
| Adobe Inc. | 38 | 43 | 37 | 37 | 41 | 40 | 39 | 41 | 43 | 50 | 47 | 46 | 51 | 53 | — | — | — | — | — | — | — | |||||||
| International Business Machines Corp. | 37 | 43 | 40 | 38 | 34 | 35 | 30 | 32 | 33 | 37 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Intuit Inc. | 15 | 15 | 23 | 22 | 5 | 7 | 12 | 31 | 5 | 5 | 14 | 31 | 5 | 6 | — | — | — | — | — | — | — | |||||||
| Microsoft Corp. | 57 | 83 | 60 | 65 | 57 | 82 | 60 | 64 | 54 | 86 | 58 | 61 | 55 | 88 | — | — | — | — | — | — | — | |||||||
| Oracle Corp. | 40 | 49 | 43 | 41 | 43 | 52 | 38 | 37 | 35 | 47 | 37 | 36 | 34 | 48 | — | — | — | — | — | — | — | |||||||
| Palo Alto Networks Inc. | 65 | 106 | 70 | 65 | 69 | 111 | 75 | 63 | 60 | 73 | 54 | 58 | 58 | 75 | — | — | — | — | — | — | — | |||||||
| Salesforce Inc. | 52 | 134 | 60 | 65 | 62 | 132 | 59 | 58 | 56 | 135 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ServiceNow Inc. | 48 | 86 | 51 | 55 | 49 | 82 | 55 | 58 | 60 | 88 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Synopsys Inc. | 84 | 49 | 52 | 56 | 75 | 77 | 66 | 68 | 86 | 60 | 51 | 59 | 88 | 65 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q1 2022 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 5.71 = 64
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. |