Stock Analysis on Net
Stock Analysis on Net

Caterpillar Inc. (NYSE:CAT)

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

Beginner level

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)

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

Microsoft Excel LibreOffice Calc
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
Net fixed asset turnover 3.84 3.93 4.05 4.01 3.95 3.82 3.70 3.51 3.28 3.01 2.77 2.57 2.45 2.33 2.37 2.45 2.57 2.74
Total asset turnover 0.63 0.65 0.67 0.67 0.67 0.66 0.64 0.61 0.59 0.55 0.50 0.47 0.47 0.48 0.49 0.50 0.52 0.56
Equity turnover 3.38 3.48 3.48 3.56 3.39 3.69 3.18 3.25 3.01 3.12 2.52 2.65 2.66 2.72 2.38 2.56 2.61 2.98

Based on: 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-19), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-05-06), 10-K (filing date: 2019-02-14), 10-Q (filing date: 2018-10-31), 10-Q (filing date: 2018-08-07), 10-Q (filing date: 2018-05-02), 10-K (filing date: 2018-02-15), 10-Q (filing date: 2017-11-01), 10-Q (filing date: 2017-08-02), 10-Q (filing date: 2017-05-03), 10-K (filing date: 2017-02-15), 10-Q (filing date: 2016-11-02), 10-Q (filing date: 2016-08-03), 10-Q (filing date: 2016-05-02), 10-K (filing date: 2016-02-16), 10-Q (filing date: 2015-10-30), 10-Q (filing date: 2015-07-31), 10-Q (filing date: 2015-05-01).

Long-term activity 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 ratio deteriorated from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Caterpillar Inc.’s total asset turnover ratio deteriorated from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Caterpillar Inc.’s equity turnover ratio improved from Q3 2019 to Q4 2019 but then deteriorated significantly from Q4 2019 to Q1 2020.

Net Fixed Asset Turnover

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

Microsoft Excel LibreOffice Calc
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
Selected Financial Data (US$ in millions)
Sales of Machinery, Energy & Transportation 9,914  12,386  11,974  13,671  12,724  13,630  12,763  13,279  12,150  12,194  10,713  10,639  9,130  8,885  8,463  9,645  8,780  10,318  10,285  11,583  11,961 
Property, plant and equipment, net 12,488  12,904  12,842  13,172  13,259  13,574  13,607  13,752  13,912  14,155  14,187  14,420  14,727  15,322  15,680  15,916  15,935  16,090  15,955  16,136  16,277 
Long-term Activity Ratio
Net fixed asset turnover1 3.84 3.93 4.05 4.01 3.95 3.82 3.70 3.51 3.28 3.01 2.77 2.57 2.45 2.33 2.37 2.45 2.57 2.74
Benchmarks
Net Fixed Asset Turnover, Competitors2
Illinois Tool Works Inc. 8.09 8.16 8.40 8.36 8.26 8.25 8.24 8.31 7.98 8.05 8.01 8.09 8.24 8.23 7.92 8.44 8.35 8.50

Based on: 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-19), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-05-06), 10-K (filing date: 2019-02-14), 10-Q (filing date: 2018-10-31), 10-Q (filing date: 2018-08-07), 10-Q (filing date: 2018-05-02), 10-K (filing date: 2018-02-15), 10-Q (filing date: 2017-11-01), 10-Q (filing date: 2017-08-02), 10-Q (filing date: 2017-05-03), 10-K (filing date: 2017-02-15), 10-Q (filing date: 2016-11-02), 10-Q (filing date: 2016-08-03), 10-Q (filing date: 2016-05-02), 10-K (filing date: 2016-02-16), 10-Q (filing date: 2015-10-30), 10-Q (filing date: 2015-07-31), 10-Q (filing date: 2015-05-01).

1 Q1 2020 Calculation
Net fixed asset turnover = (Sales of Machinery, Energy & TransportationQ1 2020 + Sales of Machinery, Energy & TransportationQ4 2019 + Sales of Machinery, Energy & TransportationQ3 2019 + Sales of Machinery, Energy & TransportationQ2 2019) ÷ Property, plant and equipment, net
= (9,914 + 12,386 + 11,974 + 13,671) ÷ 12,488 = 3.84

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. Caterpillar Inc.’s net fixed asset turnover ratio deteriorated from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.

Total Asset Turnover

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

Microsoft Excel LibreOffice Calc
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
Selected Financial Data (US$ in millions)
Sales of Machinery, Energy & Transportation 9,914  12,386  11,974  13,671  12,724  13,630  12,763  13,279  12,150  12,194  10,713  10,639  9,130  8,885  8,463  9,645  8,780  10,318  10,285  11,583  11,961 
Total assets 75,894  78,453  77,993  79,187  78,726  78,509  78,209  78,987  78,014  76,962  78,560  78,510  77,549  74,704  76,402  78,300  78,307  78,497  78,969  82,242  82,490 
Long-term Activity Ratio
Total asset turnover1 0.63 0.65 0.67 0.67 0.67 0.66 0.64 0.61 0.59 0.55 0.50 0.47 0.47 0.48 0.49 0.50 0.52 0.56
Benchmarks
Total Asset Turnover, Competitors2
Illinois Tool Works Inc. 0.97 0.94 0.95 0.95 0.95 0.99 0.97 0.95 0.90 0.85 0.86 0.88 0.89 0.89 0.86 0.88 0.86 0.85

Based on: 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-19), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-05-06), 10-K (filing date: 2019-02-14), 10-Q (filing date: 2018-10-31), 10-Q (filing date: 2018-08-07), 10-Q (filing date: 2018-05-02), 10-K (filing date: 2018-02-15), 10-Q (filing date: 2017-11-01), 10-Q (filing date: 2017-08-02), 10-Q (filing date: 2017-05-03), 10-K (filing date: 2017-02-15), 10-Q (filing date: 2016-11-02), 10-Q (filing date: 2016-08-03), 10-Q (filing date: 2016-05-02), 10-K (filing date: 2016-02-16), 10-Q (filing date: 2015-10-30), 10-Q (filing date: 2015-07-31), 10-Q (filing date: 2015-05-01).

1 Q1 2020 Calculation
Total asset turnover = (Sales of Machinery, Energy & TransportationQ1 2020 + Sales of Machinery, Energy & TransportationQ4 2019 + Sales of Machinery, Energy & TransportationQ3 2019 + Sales of Machinery, Energy & TransportationQ2 2019) ÷ Total assets
= (9,914 + 12,386 + 11,974 + 13,671) ÷ 75,894 = 0.63

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. Caterpillar Inc.’s total asset turnover ratio deteriorated from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.

Equity Turnover

Caterpillar Inc., equity turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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
Selected Financial Data (US$ in millions)
Sales of Machinery, Energy & Transportation 9,914  12,386  11,974  13,671  12,724  13,630  12,763  13,279  12,150  12,194  10,713  10,639  9,130  8,885  8,463  9,645  8,780  10,318  10,285  11,583  11,961 
Shareholders’ equity attributable to common shareholders 14,197  14,588  14,952  14,837  15,437  14,039  15,850  14,879  15,206  13,697  15,627  14,009  13,588  13,137  15,645  15,232  15,676  14,809  15,896  17,092  16,962 
Long-term Activity Ratio
Equity turnover1 3.38 3.48 3.48 3.56 3.39 3.69 3.18 3.25 3.01 3.12 2.52 2.65 2.66 2.72 2.38 2.56 2.61 2.98
Benchmarks
Equity Turnover, Competitors2
Illinois Tool Works Inc. 6.04 4.66 4.79 4.64 4.56 4.54 4.18 3.92 3.51 3.12 2.80 2.93 3.07 3.20 2.81 2.70 2.56 2.57

Based on: 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-19), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-05-06), 10-K (filing date: 2019-02-14), 10-Q (filing date: 2018-10-31), 10-Q (filing date: 2018-08-07), 10-Q (filing date: 2018-05-02), 10-K (filing date: 2018-02-15), 10-Q (filing date: 2017-11-01), 10-Q (filing date: 2017-08-02), 10-Q (filing date: 2017-05-03), 10-K (filing date: 2017-02-15), 10-Q (filing date: 2016-11-02), 10-Q (filing date: 2016-08-03), 10-Q (filing date: 2016-05-02), 10-K (filing date: 2016-02-16), 10-Q (filing date: 2015-10-30), 10-Q (filing date: 2015-07-31), 10-Q (filing date: 2015-05-01).

1 Q1 2020 Calculation
Equity turnover = (Sales of Machinery, Energy & TransportationQ1 2020 + Sales of Machinery, Energy & TransportationQ4 2019 + Sales of Machinery, Energy & TransportationQ3 2019 + Sales of Machinery, Energy & TransportationQ2 2019) ÷ Shareholders’ equity attributable to common shareholders
= (9,914 + 12,386 + 11,974 + 13,671) ÷ 14,197 = 3.38

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. Caterpillar Inc.’s equity turnover ratio improved from Q3 2019 to Q4 2019 but then deteriorated significantly from Q4 2019 to Q1 2020.