Long-term (Investment) Activity Analysis
Difficulty: Beginner
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Ratios (Summary)
CVS Health Corp., long-term (investment) activity ratios
Based on: 10-K (filing date: 2018-02-14), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-09), 10-K (filing date: 2015-02-10), 10-K (filing date: 2014-02-11).
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. |
Net Fixed Asset Turnover
CVS Health Corp., net fixed asset turnover calculation, comparison to benchmarks
Based on: 10-K (filing date: 2018-02-14), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-09), 10-K (filing date: 2015-02-10), 10-K (filing date: 2014-02-11).
2017 Calculations
1 Net fixed asset turnover = Net revenues ÷ Property and equipment, net
= 184,765 ÷ 10,292 = 17.95
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
CVS Health Corp., total asset turnover calculation, comparison to benchmarks
Based on: 10-K (filing date: 2018-02-14), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-09), 10-K (filing date: 2015-02-10), 10-K (filing date: 2014-02-11).
2017 Calculations
1 Total asset turnover = Net revenues ÷ Total assets
= 184,765 ÷ 95,131 = 1.94
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. |
Equity Turnover
CVS Health Corp., equity turnover calculation, comparison to benchmarks
Based on: 10-K (filing date: 2018-02-14), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-09), 10-K (filing date: 2015-02-10), 10-K (filing date: 2014-02-11).
2017 Calculations
1 Equity turnover = Net revenues ÷ Total CVS Health shareholders’ equity
= 184,765 ÷ 37,691 = 4.90
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. |