Stock Analysis on Net

Honeywell International Inc. (NASDAQ:HON)

Analysis of Short-term (Operating) Activity Ratios 
Quarterly Data

Microsoft Excel

Short-term Activity Ratios (Summary)

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

Microsoft Excel
Sep 30, 2022 Jun 30, 2022 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
Turnover Ratios
Inventory turnover 4.30 4.20 4.27 4.55 4.72 4.88 4.85 4.94 4.79 4.88 5.23 5.51 5.37 5.70 6.10 6.71 5.90 6.09 5.96 5.98
Receivables turnover 4.74 4.45 4.82 5.04 4.78 4.89 4.89 4.78 4.83 5.14 4.87 4.90 4.87 5.21 5.51 5.57 5.01 4.92 4.72 4.57
Payables turnover 3.86 3.75 3.72 3.61 3.83 3.76 3.86 3.86 4.27 4.32 4.23 4.25 4.47 4.68 4.97 5.18 4.24 4.29 4.28 4.19
Working capital turnover 7.91 8.84 8.07 5.86 5.94 4.52 4.27 3.64 3.02 3.14 6.93 5.92 5.89 9.97 8.50 7.69 4.92 6.25 6.06 5.68
Average No. Days
Average inventory processing period 85 87 86 80 77 75 75 74 76 75 70 66 68 64 60 54 62 60 61 61
Add: Average receivable collection period 77 82 76 72 76 75 75 76 76 71 75 75 75 70 66 66 73 74 77 80
Operating cycle 162 169 162 152 153 150 150 150 152 146 145 141 143 134 126 120 135 134 138 141
Less: Average payables payment period 94 97 98 101 95 97 95 95 85 85 86 86 82 78 73 70 86 85 85 87
Cash conversion cycle 68 72 64 51 58 53 55 55 67 61 59 55 61 56 53 50 49 49 53 54

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 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
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Honeywell International Inc. inventory turnover ratio deteriorated from Q1 2022 to Q2 2022 but then improved from Q2 2022 to Q3 2022 exceeding Q1 2022 level.
Receivables turnover An activity ratio equal to revenue divided by receivables. Honeywell International Inc. receivables turnover ratio deteriorated from Q1 2022 to Q2 2022 but then improved from Q2 2022 to Q3 2022 not reaching Q1 2022 level.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Honeywell International Inc. payables turnover ratio increased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Honeywell International Inc. working capital turnover ratio improved from Q1 2022 to Q2 2022 but then deteriorated significantly from Q2 2022 to Q3 2022.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. Honeywell International Inc. number of days of inventory outstanding deteriorated from Q1 2022 to Q2 2022 but then improved from Q2 2022 to Q3 2022 exceeding Q1 2022 level.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Honeywell International Inc. number of days of receivables outstanding deteriorated from Q1 2022 to Q2 2022 but then improved from Q2 2022 to Q3 2022 not reaching Q1 2022 level.
Operating cycle Equal to average inventory processing period plus average receivables collection period.
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. Honeywell International Inc. number of days of payables outstanding decreased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period.

Inventory Turnover

Honeywell International Inc., inventory turnover calculation (quarterly data)

Microsoft Excel
Sep 30, 2022 Jun 30, 2022 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)
Cost of products and services sold 5,981 6,046 5,674 5,936 5,746 6,003 5,709 5,976 5,383 5,276 5,534 6,328 6,038 6,094 5,879 6,685 7,556 7,614 7,191 7,496 6,873 6,850 6,356
Inventories 5,501 5,576 5,472 5,138 4,967 4,723 4,607 4,489 4,705 4,753 4,584 4,421 4,601 4,600 4,548 4,326 5,061 4,792 4,766 4,613 4,751 4,651 4,652
Short-term Activity Ratio
Inventory turnover1 4.30 4.20 4.27 4.55 4.72 4.88 4.85 4.94 4.79 4.88 5.23 5.51 5.37 5.70 6.10 6.71 5.90 6.09 5.96 5.98
Benchmarks
Inventory Turnover, Competitors2
3M Co. 3.45 3.45 3.61 3.77 3.73 3.70 3.82 3.92 4.15 3.94 4.02 4.15 4.21 3.92 3.69 3.82 3.76 3.91 3.81 3.97
Boeing Co. 0.78 0.74 0.74 0.75 0.77 0.76 0.74 0.78 0.71 0.78 0.88 0.94 1.03 1.16 1.24 1.30 1.29 1.28 1.27 1.71
Caterpillar Inc. 2.36 2.40 2.46 2.53 2.44 2.49 2.46 2.55 2.66 2.82 2.97 3.25 3.08 3.16 3.03 3.21 3.04 3.07 3.00 3.10
General Electric Co. 3.10 3.04 3.25 3.40 3.21 3.28 3.46 3.80 4.36 4.41 4.50 4.97 5.05 4.12 4.50 4.81 4.48 4.58 4.53 4.19
Lockheed Martin Corp. 18.09 16.20 18.12 19.45 19.81 18.64 17.58 16.01 16.91 15.46 14.94 14.22 14.44 13.74 14.81 15.51 15.59 15.13 14.26 10.14
Raytheon Technologies Corp. 5.03 5.14 5.33 5.65 5.57 5.49 5.48 5.11 4.93 4.85 4.51 5.21 4.99 4.98 5.00 4.96 5.29 5.18 5.05 4.45

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 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 Q3 2022 Calculation
Inventory turnover = (Cost of products and services soldQ3 2022 + Cost of products and services soldQ2 2022 + Cost of products and services soldQ1 2022 + Cost of products and services soldQ4 2021) ÷ Inventories
= (5,981 + 6,046 + 5,674 + 5,936) ÷ 5,501 = 4.30

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Honeywell International Inc. inventory turnover ratio deteriorated from Q1 2022 to Q2 2022 but then improved from Q2 2022 to Q3 2022 exceeding Q1 2022 level.

Receivables Turnover

Honeywell International Inc., receivables turnover calculation (quarterly data)

Microsoft Excel
Sep 30, 2022 Jun 30, 2022 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)
Net sales 8,951 8,953 8,376 8,657 8,473 8,808 8,454 8,900 7,797 7,477 8,463 9,496 9,086 9,243 8,884 9,729 10,762 10,919 10,392 10,843 10,121 10,078 9,492
Accounts receivable, less allowances 7,363 7,738 7,119 6,830 7,239 6,947 6,675 6,827 6,878 6,717 7,452 7,493 7,583 7,407 7,307 7,508 8,568 8,600 8,778 8,866 8,587 8,442 8,155
Short-term Activity Ratio
Receivables turnover1 4.74 4.45 4.82 5.04 4.78 4.89 4.89 4.78 4.83 5.14 4.87 4.90 4.87 5.21 5.51 5.57 5.01 4.92 4.72 4.57
Benchmarks
Receivables Turnover, Competitors2
3M Co. 7.36 7.14 7.34 7.59 7.19 6.96 6.84 6.84 6.86 7.03 6.71 6.71 6.37 5.98 6.25 6.53 6.16 6.10 6.14 6.45
Boeing Co. 22.98 20.27 25.37 23.58 27.95 24.76 23.97 29.75 22.00 23.85 21.97 23.44 24.41 28.00 27.44 26.07 33.93 34.47 34.19 8.88
Caterpillar Inc. 6.59 6.10 5.46 5.68 5.97 5.51 5.07 5.33 5.86 6.11 6.12 5.92 6.28 5.87 5.85 5.89 6.32 6.05 5.79 5.74
General Electric Co. 4.19 4.39 4.43 4.55 4.83 4.74 4.59 4.37 4.46 5.03 5.08 5.22 5.88 4.97 5.48 5.71 5.57 5.56 5.09 4.63
Lockheed Martin Corp. 26.06 18.87 26.02 34.15 29.27 25.59 29.81 33.06 25.90 22.19 21.14 25.59 24.47 22.58 19.93 22.00 22.55 21.09 21.76 5.93
Raytheon Technologies Corp. 7.15 6.28 7.15 6.66 6.69 6.99 6.03 6.11 5.90 6.79 5.35 5.70 5.55 5.30 5.13 4.66 5.11 5.24 5.24 4.75

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 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 Q3 2022 Calculation
Receivables turnover = (Net salesQ3 2022 + Net salesQ2 2022 + Net salesQ1 2022 + Net salesQ4 2021) ÷ Accounts receivable, less allowances
= (8,951 + 8,953 + 8,376 + 8,657) ÷ 7,363 = 4.74

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. Honeywell International Inc. receivables turnover ratio deteriorated from Q1 2022 to Q2 2022 but then improved from Q2 2022 to Q3 2022 not reaching Q1 2022 level.

Payables Turnover

Honeywell International Inc., payables turnover calculation (quarterly data)

Microsoft Excel
Sep 30, 2022 Jun 30, 2022 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)
Cost of products and services sold 5,981 6,046 5,674 5,936 5,746 6,003 5,709 5,976 5,383 5,276 5,534 6,328 6,038 6,094 5,879 6,685 7,556 7,614 7,191 7,496 6,873 6,850 6,356
Accounts payable 6,118 6,245 6,285 6,484 6,116 6,139 5,792 5,750 5,270 5,366 5,676 5,730 5,522 5,602 5,582 5,607 7,050 6,808 6,641 6,584 6,061 5,971 5,805
Short-term Activity Ratio
Payables turnover1 3.86 3.75 3.72 3.61 3.83 3.76 3.86 3.86 4.27 4.32 4.23 4.25 4.47 4.68 4.97 5.18 4.24 4.29 4.28 4.19
Benchmarks
Payables Turnover, Competitors2
3M Co. 6.32 5.95 6.04 6.28 6.46 6.12 6.37 6.48 7.49 8.32 7.67 7.69 8.11 7.91 7.26 7.36 8.23 8.87 8.73 8.23
Boeing Co. 6.36 6.17 6.73 6.40 6.20 5.45 4.90 4.94 4.25 4.77 4.69 4.63 4.99 5.21 5.53 6.30 5.84 6.10 6.15 6.23
Caterpillar Inc. 4.81 4.72 4.43 4.36 4.61 4.57 4.46 4.75 5.86 6.31 6.05 6.15 6.11 5.40 5.20 5.25 5.29 5.05 4.74 4.79
General Electric Co. 3.14 3.14 3.32 3.32 3.33 3.35 3.56 3.67 4.67 4.99 4.57 4.40 5.30 4.83 5.12 5.40 5.87 6.24 6.18 6.07
Lockheed Martin Corp. 21.48 24.07 21.92 74.34 37.83 36.15 30.31 64.48 37.34 37.46 16.70 40.16 17.27 18.94 15.71 19.35 17.67 17.18 16.79 31.02
Raytheon Technologies Corp. 5.82 5.36 6.28 5.93 6.06 6.52 5.67 5.56 5.96 6.92 4.73 5.28 5.17 4.90 5.06 4.51 4.56 4.83 5.09 4.59

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 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 Q3 2022 Calculation
Payables turnover = (Cost of products and services soldQ3 2022 + Cost of products and services soldQ2 2022 + Cost of products and services soldQ1 2022 + Cost of products and services soldQ4 2021) ÷ Accounts payable
= (5,981 + 6,046 + 5,674 + 5,936) ÷ 6,118 = 3.86

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Honeywell International Inc. payables turnover ratio increased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.

Working Capital Turnover

Honeywell International Inc., working capital turnover calculation (quarterly data)

Microsoft Excel
Sep 30, 2022 Jun 30, 2022 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 22,525 23,847 24,281 25,372 26,033 25,652 25,587 28,175 28,200 28,321 22,613 24,303 26,188 23,768 24,334 24,362 26,628 24,779 25,587 26,002 24,644 24,064 23,580
Less: Current liabilities 18,109 19,947 20,027 19,508 20,207 18,143 17,950 19,197 17,184 17,341 17,377 18,098 19,915 19,894 19,593 18,924 17,900 18,018 18,755 18,861 18,225 17,981 17,281
Working capital 4,416 3,900 4,254 5,864 5,826 7,509 7,637 8,978 11,016 10,980 5,236 6,205 6,273 3,874 4,741 5,438 8,728 6,761 6,832 7,141 6,419 6,083 6,299
 
Net sales 8,951 8,953 8,376 8,657 8,473 8,808 8,454 8,900 7,797 7,477 8,463 9,496 9,086 9,243 8,884 9,729 10,762 10,919 10,392 10,843 10,121 10,078 9,492
Short-term Activity Ratio
Working capital turnover1 7.91 8.84 8.07 5.86 5.94 4.52 4.27 3.64 3.02 3.14 6.93 5.92 5.89 9.97 8.50 7.69 4.92 6.25 6.06 5.68
Benchmarks
Working Capital Turnover, Competitors2
3M Co. 6.50 7.60 6.67 5.55 5.20 5.03 4.72 4.58 4.73 4.59 5.43 8.57 3.13 4.73 4.46 5.07 4.63 6.58 5.50 4.80
Boeing Co. 3.13 2.87 2.51 2.34 2.02 2.00 1.88 1.69 1.57 1.76 4.27 15.57 8.87 31.54 17.08 16.21 11.87 11.22 8.70 10.50
Caterpillar Inc. 4.35 3.93 3.83 3.54 2.87 2.80 2.52 2.84 3.01 3.45 4.33 4.04 4.35 4.38 4.46 4.99 4.06 4.67 4.59 4.58
General Electric Co. 13.29 10.55 7.14 4.94 1.57 1.57 1.27 2.26 5.06 6.05 8.72 20.64 12.34 11.39 19.33 23.32 31.20 8.59
Lockheed Martin Corp. 14.03 14.28 15.14 11.52 10.48 12.30 11.93 12.01 12.62 13.44 17.12 19.15 13.61 19.37 21.49 31.53 32.92 19.95 13.44 10.58
Raytheon Technologies Corp. 19.15 17.77 11.41 9.75 8.11 10.24 9.77 7.52 7.51 9.23 9.50 26.47 33.59 44.35 17.41 16.08 4.68 5.46 7.66 7.07

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 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 Q3 2022 Calculation
Working capital turnover = (Net salesQ3 2022 + Net salesQ2 2022 + Net salesQ1 2022 + Net salesQ4 2021) ÷ Working capital
= (8,951 + 8,953 + 8,376 + 8,657) ÷ 4,416 = 7.91

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. Honeywell International Inc. working capital turnover ratio improved from Q1 2022 to Q2 2022 but then deteriorated significantly from Q2 2022 to Q3 2022.

Average Inventory Processing Period

Honeywell International Inc., average inventory processing period calculation (quarterly data)

Microsoft Excel
Sep 30, 2022 Jun 30, 2022 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
Inventory turnover 4.30 4.20 4.27 4.55 4.72 4.88 4.85 4.94 4.79 4.88 5.23 5.51 5.37 5.70 6.10 6.71 5.90 6.09 5.96 5.98
Short-term Activity Ratio (no. days)
Average inventory processing period1 85 87 86 80 77 75 75 74 76 75 70 66 68 64 60 54 62 60 61 61
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
3M Co. 106 106 101 97 98 99 96 93 88 93 91 88 87 93 99 96 97 93 96 92
Boeing Co. 468 494 493 486 475 478 496 467 516 468 416 388 355 314 294 280 284 284 289 213
Caterpillar Inc. 155 152 148 144 150 146 149 143 137 129 123 112 119 115 120 114 120 119 122 118
General Electric Co. 118 120 112 107 114 111 105 96 84 83 81 74 72 89 81 76 81 80 81 87
Lockheed Martin Corp. 20 23 20 19 18 20 21 23 22 24 24 26 25 27 25 24 23 24 26 36
Raytheon Technologies Corp. 73 71 69 65 65 66 67 71 74 75 81 70 73 73 73 74 69 71 72 82

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 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 Q3 2022 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 4.30 = 85

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. Honeywell International Inc. number of days of inventory outstanding deteriorated from Q1 2022 to Q2 2022 but then improved from Q2 2022 to Q3 2022 exceeding Q1 2022 level.

Average Receivable Collection Period

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

Microsoft Excel
Sep 30, 2022 Jun 30, 2022 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 4.74 4.45 4.82 5.04 4.78 4.89 4.89 4.78 4.83 5.14 4.87 4.90 4.87 5.21 5.51 5.57 5.01 4.92 4.72 4.57
Short-term Activity Ratio (no. days)
Average receivable collection period1 77 82 76 72 76 75 75 76 76 71 75 75 75 70 66 66 73 74 77 80
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
3M Co. 50 51 50 48 51 52 53 53 53 52 54 54 57 61 58 56 59 60 59 57
Boeing Co. 16 18 14 15 13 15 15 12 17 15 17 16 15 13 13 14 11 11 11 41
Caterpillar Inc. 55 60 67 64 61 66 72 68 62 60 60 62 58 62 62 62 58 60 63 64
General Electric Co. 87 83 82 80 76 77 80 83 82 73 72 70 62 73 67 64 66 66 72 79
Lockheed Martin Corp. 14 19 14 11 12 14 12 11 14 16 17 14 15 16 18 17 16 17 17 62
Raytheon Technologies Corp. 51 58 51 55 55 52 61 60 62 54 68 64 66 69 71 78 71 70 70 77

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 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 Q3 2022 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 4.74 = 77

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. Honeywell International Inc. number of days of receivables outstanding deteriorated from Q1 2022 to Q2 2022 but then improved from Q2 2022 to Q3 2022 not reaching Q1 2022 level.

Operating Cycle

Honeywell International Inc., operating cycle calculation (quarterly data)

No. days

Microsoft Excel
Sep 30, 2022 Jun 30, 2022 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
Average inventory processing period 85 87 86 80 77 75 75 74 76 75 70 66 68 64 60 54 62 60 61 61
Average receivable collection period 77 82 76 72 76 75 75 76 76 71 75 75 75 70 66 66 73 74 77 80
Short-term Activity Ratio
Operating cycle1 162 169 162 152 153 150 150 150 152 146 145 141 143 134 126 120 135 134 138 141
Benchmarks
Operating Cycle, Competitors2
3M Co. 156 157 151 145 149 151 149 146 141 145 145 142 144 154 157 152 156 153 155 149
Boeing Co. 484 512 507 501 488 493 511 479 533 483 433 404 370 327 307 294 295 295 300 254
Caterpillar Inc. 210 212 215 208 211 212 221 211 199 189 183 174 177 177 182 176 178 179 185 182
General Electric Co. 205 203 194 187 190 188 185 179 166 156 153 144 134 162 148 140 147 146 153 166
Lockheed Martin Corp. 34 42 34 30 30 34 33 34 36 40 41 40 40 43 43 41 39 41 43 98
Raytheon Technologies Corp. 124 129 120 120 120 118 128 131 136 129 149 134 139 142 144 152 140 141 142 159

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 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 Q3 2022 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 85 + 77 = 162

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period.

Average Payables Payment Period

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

Microsoft Excel
Sep 30, 2022 Jun 30, 2022 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
Payables turnover 3.86 3.75 3.72 3.61 3.83 3.76 3.86 3.86 4.27 4.32 4.23 4.25 4.47 4.68 4.97 5.18 4.24 4.29 4.28 4.19
Short-term Activity Ratio (no. days)
Average payables payment period1 94 97 98 101 95 97 95 95 85 85 86 86 82 78 73 70 86 85 85 87
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
3M Co. 58 61 60 58 57 60 57 56 49 44 48 47 45 46 50 50 44 41 42 44
Boeing Co. 57 59 54 57 59 67 74 74 86 77 78 79 73 70 66 58 63 60 59 59
Caterpillar Inc. 76 77 82 84 79 80 82 77 62 58 60 59 60 68 70 70 69 72 77 76
General Electric Co. 116 116 110 110 109 109 103 100 78 73 80 83 69 76 71 68 62 59 59 60
Lockheed Martin Corp. 17 15 17 5 10 10 12 6 10 10 22 9 21 19 23 19 21 21 22 12
Raytheon Technologies Corp. 63 68 58 62 60 56 64 66 61 53 77 69 71 75 72 81 80 76 72 80

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 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 Q3 2022 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 3.86 = 94

2 Click competitor name to see calculations.

Short-term activity 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. Honeywell International Inc. number of days of payables outstanding decreased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.

Cash Conversion Cycle

Honeywell International Inc., cash conversion cycle calculation (quarterly data)

No. days

Microsoft Excel
Sep 30, 2022 Jun 30, 2022 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
Average inventory processing period 85 87 86 80 77 75 75 74 76 75 70 66 68 64 60 54 62 60 61 61
Average receivable collection period 77 82 76 72 76 75 75 76 76 71 75 75 75 70 66 66 73 74 77 80
Average payables payment period 94 97 98 101 95 97 95 95 85 85 86 86 82 78 73 70 86 85 85 87
Short-term Activity Ratio
Cash conversion cycle1 68 72 64 51 58 53 55 55 67 61 59 55 61 56 53 50 49 49 53 54
Benchmarks
Cash Conversion Cycle, Competitors2
3M Co. 98 96 91 87 92 91 92 90 92 101 97 95 99 108 107 102 112 112 113 105
Boeing Co. 427 453 453 444 429 426 437 405 447 406 355 325 297 257 241 236 232 235 241 195
Caterpillar Inc. 134 135 133 124 132 132 139 134 137 131 123 115 117 109 112 106 109 107 108 106
General Electric Co. 89 87 84 77 81 79 82 79 88 83 73 61 65 86 77 72 85 87 94 106
Lockheed Martin Corp. 17 27 17 25 20 24 21 28 26 30 19 31 19 24 20 22 18 20 21 86
Raytheon Technologies Corp. 61 61 62 58 60 62 64 65 75 76 72 65 68 67 72 71 60 65 70 79

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 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 Q3 2022 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 85 + 7794 = 68

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period.