CVS Health Corp. (CVS)

Long-term (Investment) Activity Analysis

Difficulty: Beginner

Annual Data

Quarterly Data

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

CVS Health Corp., long-term (investment) activity ratios

Source: Based on data from CVS Health Corp. Annual Reports

Ratio	Description	The company
Net fixed asset turnover	An activity ratio calculated as total revenue divided by net fixed assets.	CVS Health Corp.'s net fixed asset turnover improved from 2015 to 2016 and from 2016 to 2017.
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	CVS Health Corp.'s total asset turnover improved from 2015 to 2016 and from 2016 to 2017.
Equity turnover	An activity ratio calculated as total revenue divided by shareholders' equity.	CVS Health Corp.'s equity turnover improved from 2015 to 2016 and from 2016 to 2017.

CVS Health Corp., net fixed asset turnover calculation, comparison to benchmarks

		Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
	Selected Financial Data (USD $ in millions)
	Net revenues
	Property and equipment, net
	Ratio
	Net fixed asset turnover¹
	Benchmarks
	Net Fixed Asset Turnover, Competitors
	Walgreens Boots Alliance Inc.
	Net Fixed Asset Turnover, Sector
	Food & Drug Retailers
	Net Fixed Asset Turnover, Industry
	Consumer Services

Source: Based on data from CVS Health Corp. Annual Reports

2017 Calculations

¹ Net fixed asset turnover = Net revenues ÷ Property and equipment, net
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Ratio	Description	The company
Net fixed asset turnover	An activity ratio calculated as total revenue divided by net fixed assets.	CVS Health Corp.'s net fixed asset turnover improved from 2015 to 2016 and from 2016 to 2017.

CVS Health Corp., total asset turnover calculation, comparison to benchmarks

		Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
	Selected Financial Data (USD $ in millions)
	Net revenues
	Total assets
	Ratio
	Total asset turnover¹
	Benchmarks
	Total Asset Turnover, Competitors
	Walgreens Boots Alliance Inc.
	Total Asset Turnover, Sector
	Food & Drug Retailers
	Total Asset Turnover, Industry
	Consumer Services

Source: Based on data from CVS Health Corp. Annual Reports

2017 Calculations

¹ Total asset turnover = Net revenues ÷ Total assets
= hidden ÷ hidden = hidden

Ratio	Description	The company
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	CVS Health Corp.'s total asset turnover improved from 2015 to 2016 and from 2016 to 2017.

CVS Health Corp., equity turnover calculation, comparison to benchmarks

		Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
	Selected Financial Data (USD $ in millions)
	Net revenues
	Total CVS Health shareholders' equity
	Ratio
	Equity turnover¹
	Benchmarks
	Equity Turnover, Competitors
	Walgreens Boots Alliance Inc.
	Equity Turnover, Sector
	Food & Drug Retailers
	Equity Turnover, Industry
	Consumer Services

Source: Based on data from CVS Health Corp. Annual Reports

2017 Calculations

¹ Equity turnover = Net revenues ÷ Total CVS Health shareholders' equity
= hidden ÷ hidden = hidden

Ratio	Description	The company
Equity turnover	An activity ratio calculated as total revenue divided by shareholders' equity.	CVS Health Corp.'s equity turnover improved from 2015 to 2016 and from 2016 to 2017.

	CVS Health Corp.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality

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Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality