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

Ratios (Summary)
Net Fixed Asset Turnover
Total Asset Turnover
Equity Turnover

Caterpillar Inc., long-term (investment) activity ratios (quarterly data)

		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
	Net fixed asset turnover
	Total asset turnover
	Equity turnover

Ratio	Description	The company
Net fixed asset turnover	An activity ratio calculated as total revenue divided by net fixed assets.	Caterpillar Inc.’s net fixed asset turnover improved from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	Caterpillar Inc.’s total asset turnover improved from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.
Equity turnover	An activity ratio calculated as total revenue divided by shareholders’ equity.	Caterpillar Inc.’s equity turnover deteriorated from Q2 2018 to Q3 2018 but then improved from Q3 2018 to Q4 2018 exceeding Q2 2018 level.

Caterpillar Inc., net fixed asset turnover calculation (quarterly data)

		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
	Selected Financial Data (USD $ in millions)
	Sales of Machinery, Energy & Transportation
	Property, plant and equipment, net
	Ratio
	Net fixed asset turnover¹

Q4 2018 Calculations

¹ Net fixed asset turnover = (Sales of Machinery, Energy & Transportation_{Q4 2018} + Sales of Machinery, Energy & Transportation_{Q3 2018} + Sales of Machinery, Energy & Transportation_{Q2 2018} + Sales of Machinery, Energy & Transportation_{Q1 2018}) ÷ Property, plant 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.	Caterpillar Inc.’s net fixed asset turnover improved from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.

Caterpillar Inc., total asset turnover calculation (quarterly data)

		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
	Selected Financial Data (USD $ in millions)
	Sales of Machinery, Energy & Transportation
	Total assets
	Ratio
	Total asset turnover¹

Q4 2018 Calculations

¹ Total asset turnover = (Sales of Machinery, Energy & Transportation_{Q4 2018} + Sales of Machinery, Energy & Transportation_{Q3 2018} + Sales of Machinery, Energy & Transportation_{Q2 2018} + Sales of Machinery, Energy & Transportation_{Q1 2018}) ÷ Total assets
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Ratio	Description	The company
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	Caterpillar Inc.’s total asset turnover improved from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.

Caterpillar Inc., equity turnover calculation (quarterly data)

		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
	Selected Financial Data (USD $ in millions)
	Sales of Machinery, Energy & Transportation
	Shareholders’ equity attributable to common shareholders
	Ratio
	Equity turnover¹

Q4 2018 Calculations

¹ Equity turnover = (Sales of Machinery, Energy & Transportation_{Q4 2018} + Sales of Machinery, Energy & Transportation_{Q3 2018} + Sales of Machinery, Energy & Transportation_{Q2 2018} + Sales of Machinery, Energy & Transportation_{Q1 2018}) ÷ Shareholders’ equity attributable to common shareholders
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Ratio	Description	The company
Equity turnover	An activity ratio calculated as total revenue divided by shareholders’ equity.	Caterpillar Inc.’s equity turnover deteriorated from Q2 2018 to Q3 2018 but then improved from Q3 2018 to Q4 2018 exceeding Q2 2018 level.

	Caterpillar Inc.	Other companies (not purchased previously)
Financial Statements
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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

Caterpillar Inc. (CAT)

Long-term (Investment) Activity Analysis
Quarterly Data

Ratios (Summary)

Net Fixed Asset Turnover

Total Asset Turnover

Equity Turnover

Caterpillar Inc. (CAT)

Long-term (Investment) Activity AnalysisQuarterly Data

Ratios (Summary)

Net Fixed Asset Turnover

Total Asset Turnover

Equity Turnover

Long-term (Investment) Activity Analysis
Quarterly Data