Stock Analysis on Net
Stock Analysis on Net

Air Products & Chemicals Inc. (NYSE:APD)

This company has been moved to the archive! The financial data has not been updated since August 9, 2021.

Analysis of Long-term (Investment) Activity Ratios

Microsoft Excel

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)

Air Products & Chemicals Inc., long-term (investment) activity ratios

Microsoft Excel
Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015
Net fixed asset turnover 0.74 0.86 0.90 0.97 1.08 1.03
Net fixed asset turnover (including operating lease, right-of-use asset) 0.72 0.86 0.90 0.97 1.08 1.03
Total asset turnover 0.35 0.47 0.47 0.44 0.53 0.57
Equity turnover 0.73 0.81 0.82 0.81 1.35 1.37

Based on: 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Air Products & Chemicals Inc. net fixed asset turnover ratio deteriorated from 2018 to 2019 and from 2019 to 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). Air Products & Chemicals Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2018 to 2019 and from 2019 to 2020.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Air Products & Chemicals Inc. total asset turnover ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Air Products & Chemicals Inc. equity turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020.

Net Fixed Asset Turnover

Air Products & Chemicals Inc., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel
Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015
Selected Financial Data (US$ in thousands)
Sales 8,856,300 8,918,900 8,930,200 8,187,600 9,524,400 9,894,900
Plant and equipment, net 11,964,700 10,337,600 9,923,700 8,440,200 8,852,700 9,636,900
Long-term Activity Ratio
Net fixed asset turnover1 0.74 0.86 0.90 0.97 1.08 1.03
Benchmarks
Net Fixed Asset Turnover, Competitors2
Linde plc 0.94 0.97 — — — —
Net Fixed Asset Turnover, Industry
Materials 0.64 0.63 — — — —

Based on: 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30).

1 2020 Calculation
Net fixed asset turnover = Sales ÷ Plant and equipment, net
= 8,856,300 ÷ 11,964,700 = 0.74

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. Air Products & Chemicals Inc. net fixed asset turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020.

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

Air Products & Chemicals Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel
Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015
Selected Financial Data (US$ in thousands)
Sales 8,856,300 8,918,900 8,930,200 8,187,600 9,524,400 9,894,900
 
Plant and equipment, net 11,964,700 10,337,600 9,923,700 8,440,200 8,852,700 9,636,900
Operating lease right-of-use assets 376,800 — — — — —
Plant and equipment, net (including operating lease, right-of-use asset) 12,341,500 10,337,600 9,923,700 8,440,200 8,852,700 9,636,900
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 0.72 0.86 0.90 0.97 1.08 1.03
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Linde plc 0.91 0.94 — — — —
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Materials 0.63 0.62 — — — —

Based on: 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30).

1 2020 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Sales ÷ Plant and equipment, net (including operating lease, right-of-use asset)
= 8,856,300 ÷ 12,341,500 = 0.72

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). Air Products & Chemicals Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2018 to 2019 and from 2019 to 2020.

Total Asset Turnover

Air Products & Chemicals Inc., total asset turnover calculation, comparison to benchmarks

Microsoft Excel
Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015
Selected Financial Data (US$ in thousands)
Sales 8,856,300 8,918,900 8,930,200 8,187,600 9,524,400 9,894,900
Total assets 25,168,500 18,942,800 19,178,300 18,467,200 18,055,300 17,438,100
Long-term Activity Ratio
Total asset turnover1 0.35 0.47 0.47 0.44 0.53 0.57
Benchmarks
Total Asset Turnover, Competitors2
Linde plc 0.31 0.33 — — — —
Total Asset Turnover, Industry
Materials 0.31 0.31 — — — —

Based on: 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30).

1 2020 Calculation
Total asset turnover = Sales ÷ Total assets
= 8,856,300 ÷ 25,168,500 = 0.35

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. Air Products & Chemicals Inc. total asset turnover ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.

Equity Turnover

Air Products & Chemicals Inc., equity turnover calculation, comparison to benchmarks

Microsoft Excel
Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015
Selected Financial Data (US$ in thousands)
Sales 8,856,300 8,918,900 8,930,200 8,187,600 9,524,400 9,894,900
Total Air Products shareholders’ equity 12,079,800 11,053,600 10,857,500 10,086,200 7,079,600 7,249,000
Long-term Activity Ratio
Equity turnover1 0.73 0.81 0.82 0.81 1.35 1.37
Benchmarks
Equity Turnover, Competitors2
Linde plc 0.58 0.58 — — — —
Equity Turnover, Industry
Materials 0.66 0.66 — — — —

Based on: 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30).

1 2020 Calculation
Equity turnover = Sales ÷ Total Air Products shareholders’ equity
= 8,856,300 ÷ 12,079,800 = 0.73

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. Air Products & Chemicals Inc. equity turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020.