Stock Analysis on Net
Stock Analysis on Net

Air Products & Chemicals Inc. (NYSE:APD)

Analysis of Long-term (Investment) Activity Ratios
Quarterly Data

Beginner level


Long-term Activity Ratios (Summary)

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

Microsoft Excel LibreOffice Calc
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 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 Dec 31, 2013
Net fixed asset turnover 0.77 0.85 0.84 0.86 0.86 0.88 0.90 0.90 0.89 0.99 0.99 0.97 1.02 1.07 1.13 1.08 1.08 1.08 1.01 1.03 1.04 1.08 1.09 1.10
Total asset turnover 0.36 0.46 0.46 0.47 0.46 0.47 0.47 0.47 0.46 0.47 0.47 0.44 0.47 0.49 0.57 0.53 0.56 0.57 0.56 0.57 0.57 0.59 0.59 0.59
Equity turnover 0.76 0.79 0.77 0.81 0.78 0.80 0.82 0.82 0.84 0.82 0.83 0.81 0.90 0.94 1.26 1.35 1.35 1.38 1.32 1.37 1.33 1.40 1.42 1.42

Based on: 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-23), 10-Q (filing date: 2020-01-24), 10-K (filing date: 2019-11-26), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-24), 10-Q (filing date: 2019-01-25), 10-K (filing date: 2018-11-20), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-Q (filing date: 2018-01-26), 10-K (filing date: 2017-11-16), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-04-27), 10-Q (filing date: 2017-01-27), 10-K (filing date: 2016-11-21), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-28), 10-Q (filing date: 2016-01-29), 10-K (filing date: 2015-11-24), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-30), 10-Q (filing date: 2015-01-30), 10-K (filing date: 2014-11-24), 10-Q (filing date: 2014-07-24), 10-Q (filing date: 2014-04-24), 10-Q (filing date: 2014-01-29).

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.’s net fixed asset turnover ratio improved from Q1 2020 to Q2 2020 but then deteriorated significantly from Q2 2020 to Q3 2020.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Air Products & Chemicals Inc.’s total asset turnover ratio improved from Q1 2020 to Q2 2020 but then deteriorated significantly from Q2 2020 to Q3 2020.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Air Products & Chemicals Inc.’s equity turnover ratio improved from Q1 2020 to Q2 2020 but then deteriorated significantly from Q2 2020 to Q3 2020.

Net Fixed Asset Turnover

Air Products & Chemicals Inc., net fixed asset turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 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 Dec 31, 2013
Selected Financial Data (US$ in thousands)
Sales 2,065,200  2,216,300  2,254,700  2,283,200  2,224,000  2,187,700  2,224,000  2,298,900  2,259,000  2,155,700  2,216,600  2,203,100  2,121,900  1,980,100  1,882,500  2,463,000  2,434,400  2,271,200  2,355,800  2,449,400  2,470,200  2,414,500  2,560,800  2,677,000  2,634,600  2,581,900  2,545,500 
Plant and equipment, net 11,468,900  10,623,700  10,692,200  10,337,600  10,427,600  10,193,800  9,959,800  9,923,700  9,902,000  8,817,700  8,631,900  8,440,200  8,317,000  8,198,200  8,030,300  8,852,700  8,798,600  8,854,100  9,619,000  9,636,900  9,720,800  9,485,900  9,607,600  9,532,100  9,579,100  9,312,300  9,152,000 
Long-term Activity Ratio
Net fixed asset turnover1 0.77 0.85 0.84 0.86 0.86 0.88 0.90 0.90 0.89 0.99 0.99 0.97 1.02 1.07 1.13 1.08 1.08 1.08 1.01 1.03 1.04 1.08 1.09 1.10
Benchmarks
Net Fixed Asset Turnover, Competitors2
Ecolab Inc. 4.43 3.82 3.77 3.84 3.82 3.79 3.82 3.85 3.82 3.74 3.73 3.74 3.82 3.86 3.91 4.01 4.07 4.14 4.20
Linde plc 0.98 1.02 0.97 0.95 0.78 0.64 0.50 1.03 1.02 0.97 0.95 0.93 0.93 0.92 0.92 0.90 0.90 0.93 0.98

Based on: 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-23), 10-Q (filing date: 2020-01-24), 10-K (filing date: 2019-11-26), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-24), 10-Q (filing date: 2019-01-25), 10-K (filing date: 2018-11-20), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-Q (filing date: 2018-01-26), 10-K (filing date: 2017-11-16), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-04-27), 10-Q (filing date: 2017-01-27), 10-K (filing date: 2016-11-21), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-28), 10-Q (filing date: 2016-01-29), 10-K (filing date: 2015-11-24), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-30), 10-Q (filing date: 2015-01-30), 10-K (filing date: 2014-11-24), 10-Q (filing date: 2014-07-24), 10-Q (filing date: 2014-04-24), 10-Q (filing date: 2014-01-29).

1 Q3 2020 Calculation
Net fixed asset turnover = (SalesQ3 2020 + SalesQ2 2020 + SalesQ1 2020 + SalesQ4 2019) ÷ Plant and equipment, net
= (2,065,200 + 2,216,300 + 2,254,700 + 2,283,200) ÷ 11,468,900 = 0.77

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.’s net fixed asset turnover ratio improved from Q1 2020 to Q2 2020 but then deteriorated significantly from Q2 2020 to Q3 2020.

Total Asset Turnover

Air Products & Chemicals Inc., total asset turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 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 Dec 31, 2013
Selected Financial Data (US$ in thousands)
Sales 2,065,200  2,216,300  2,254,700  2,283,200  2,224,000  2,187,700  2,224,000  2,298,900  2,259,000  2,155,700  2,216,600  2,203,100  2,121,900  1,980,100  1,882,500  2,463,000  2,434,400  2,271,200  2,355,800  2,449,400  2,470,200  2,414,500  2,560,800  2,677,000  2,634,600  2,581,900  2,545,500 
Total assets 24,782,100  19,501,200  19,651,600  18,942,800  19,531,900  19,244,500  19,142,000  19,178,300  19,206,000  18,511,100  18,208,800  18,467,200  17,853,800  17,871,500  15,956,200  18,055,300  17,083,500  16,810,800  17,260,300  17,438,100  17,671,500  17,493,800  17,635,400  17,779,100  18,316,200  17,963,000  17,915,200 
Long-term Activity Ratio
Total asset turnover1 0.36 0.46 0.46 0.47 0.46 0.47 0.47 0.47 0.46 0.47 0.47 0.44 0.47 0.49 0.57 0.53 0.56 0.57 0.56 0.57 0.57 0.59 0.59 0.59
Benchmarks
Total Asset Turnover, Competitors2
Ecolab Inc. 0.77 0.67 0.71 0.71 0.71 0.70 0.73 0.73 0.72 0.70 0.69 0.68 0.68 0.69 0.72 0.72 0.73 0.73 0.73
Linde plc 0.32 0.33 0.33 0.32 0.26 0.21 0.16 0.60 0.60 0.57 0.56 0.55 0.55 0.55 0.54 0.53 0.53 0.55 0.59

Based on: 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-23), 10-Q (filing date: 2020-01-24), 10-K (filing date: 2019-11-26), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-24), 10-Q (filing date: 2019-01-25), 10-K (filing date: 2018-11-20), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-Q (filing date: 2018-01-26), 10-K (filing date: 2017-11-16), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-04-27), 10-Q (filing date: 2017-01-27), 10-K (filing date: 2016-11-21), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-28), 10-Q (filing date: 2016-01-29), 10-K (filing date: 2015-11-24), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-30), 10-Q (filing date: 2015-01-30), 10-K (filing date: 2014-11-24), 10-Q (filing date: 2014-07-24), 10-Q (filing date: 2014-04-24), 10-Q (filing date: 2014-01-29).

1 Q3 2020 Calculation
Total asset turnover = (SalesQ3 2020 + SalesQ2 2020 + SalesQ1 2020 + SalesQ4 2019) ÷ Total assets
= (2,065,200 + 2,216,300 + 2,254,700 + 2,283,200) ÷ 24,782,100 = 0.36

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.’s total asset turnover ratio improved from Q1 2020 to Q2 2020 but then deteriorated significantly from Q2 2020 to Q3 2020.

Equity Turnover

Air Products & Chemicals Inc., equity turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 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 Dec 31, 2013
Selected Financial Data (US$ in thousands)
Sales 2,065,200  2,216,300  2,254,700  2,283,200  2,224,000  2,187,700  2,224,000  2,298,900  2,259,000  2,155,700  2,216,600  2,203,100  2,121,900  1,980,100  1,882,500  2,463,000  2,434,400  2,271,200  2,355,800  2,449,400  2,470,200  2,414,500  2,560,800  2,677,000  2,634,600  2,581,900  2,545,500 
Total Air Products shareholders’ equity 11,659,300  11,371,900  11,556,000  11,053,600  11,386,100  11,165,700  10,882,900  10,857,500  10,486,000  10,580,800  10,215,300  10,086,200  9,412,400  9,317,400  7,161,500  7,079,600  7,045,400  6,916,600  7,367,100  7,249,000  7,586,000  7,332,500  7,351,500  7,365,800  7,696,700  7,370,900  7,264,000 
Long-term Activity Ratio
Equity turnover1 0.76 0.79 0.77 0.81 0.78 0.80 0.82 0.82 0.84 0.82 0.83 0.81 0.90 0.94 1.26 1.35 1.35 1.38 1.32 1.37 1.33 1.40 1.42 1.42
Benchmarks
Equity Turnover, Competitors2
Ecolab Inc. 2.38 1.70 1.72 1.73 1.80 1.79 1.83 1.84 1.83 1.86 1.82 1.87 1.93 1.94 1.91 1.92 2.01 2.03 1.96
Linde plc 0.60 0.63 0.58 0.55 0.45 0.37 0.29 1.93 1.98 1.84 1.90 1.78 1.88 1.94 2.10 2.00 2.03 2.15 2.46

Based on: 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-23), 10-Q (filing date: 2020-01-24), 10-K (filing date: 2019-11-26), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-24), 10-Q (filing date: 2019-01-25), 10-K (filing date: 2018-11-20), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-Q (filing date: 2018-01-26), 10-K (filing date: 2017-11-16), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-04-27), 10-Q (filing date: 2017-01-27), 10-K (filing date: 2016-11-21), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-28), 10-Q (filing date: 2016-01-29), 10-K (filing date: 2015-11-24), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-30), 10-Q (filing date: 2015-01-30), 10-K (filing date: 2014-11-24), 10-Q (filing date: 2014-07-24), 10-Q (filing date: 2014-04-24), 10-Q (filing date: 2014-01-29).

1 Q3 2020 Calculation
Equity turnover = (SalesQ3 2020 + SalesQ2 2020 + SalesQ1 2020 + SalesQ4 2019) ÷ Total Air Products shareholders’ equity
= (2,065,200 + 2,216,300 + 2,254,700 + 2,283,200) ÷ 11,659,300 = 0.76

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.’s equity turnover ratio improved from Q1 2020 to Q2 2020 but then deteriorated significantly from Q2 2020 to Q3 2020.