Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Chevron Corp. (NYSE:CVX)

Analysis of Long-term (Investment) Activity Ratios

Beginner level

Long-term Activity Ratios (Summary)

Chevron Corp., long-term (investment) activity ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Net fixed asset turnover 0.93 0.94 0.76 0.60 0.69
Net fixed asset turnover (including operating lease, right-of-use asset) 0.90 0.94 0.76 0.60 0.69
Total asset turnover 0.59 0.63 0.53 0.42 0.49
Equity turnover 0.97 1.03 0.91 0.76 0.85

Based on: 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-25).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Chevron Corp.’s net fixed asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Chevron Corp.’s net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Chevron Corp.’s total asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Chevron Corp.’s equity turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.

Net Fixed Asset Turnover

Chevron Corp., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Sales and other operating revenues 139,865  158,902  134,674  110,215  129,925 
Properties, plant and equipment, net 150,494  169,207  177,712  182,186  188,396 
Long-term Activity Ratio
Net fixed asset turnover1 0.93 0.94 0.76 0.60 0.69
Benchmarks
Net Fixed Asset Turnover, Competitors2
Exxon Mobil Corp. 1.01 1.13 0.94 0.90 1.03
Net Fixed Asset Turnover, Sector
Oil & Gas Producers 0.98 1.05 0.86 0.77

Based on: 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-25).

1 2019 Calculation
Net fixed asset turnover = Sales and other operating revenues ÷ Properties, plant and equipment, net
= 139,865 ÷ 150,494 = 0.93

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. Chevron Corp.’s net fixed asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

Chevron Corp., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Sales and other operating revenues 139,865  158,902  134,674  110,215  129,925 
 
Properties, plant and equipment, net 150,494  169,207  177,712  182,186  188,396 
Right-of-use assets for operating leases (included in Deferred charges and other assets) 4,074  —  —  —  — 
Properties, plant and equipment, net (including operating lease, right-of-use asset) 154,568  169,207  177,712  182,186  188,396 
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 0.90 0.94 0.76 0.60 0.69
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Exxon Mobil Corp. 0.98 1.13 0.94 0.90 1.03
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Oil & Gas Producers 0.95 1.05 0.86 0.77

Based on: 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-25).

1 2019 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Sales and other operating revenues ÷ Properties, plant and equipment, net (including operating lease, right-of-use asset)
= 139,865 ÷ 154,568 = 0.90

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Chevron Corp.’s net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.

Total Asset Turnover

Chevron Corp., total asset turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Sales and other operating revenues 139,865  158,902  134,674  110,215  129,925 
Total assets 237,428  253,863  253,806  260,078  266,103 
Long-term Activity Ratio
Total asset turnover1 0.59 0.63 0.53 0.42 0.49
Benchmarks
Total Asset Turnover, Competitors2
Exxon Mobil Corp. 0.70 0.81 0.68 0.66 0.77
Total Asset Turnover, Sector
Oil & Gas Producers 0.66 0.73 0.62 0.56

Based on: 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-25).

1 2019 Calculation
Total asset turnover = Sales and other operating revenues ÷ Total assets
= 139,865 ÷ 237,428 = 0.59

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. Chevron Corp.’s total asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.

Equity Turnover

Chevron Corp., equity turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Sales and other operating revenues 139,865  158,902  134,674  110,215  129,925 
Total Chevron Corporation stockholders’ equity 144,213  154,554  148,124  145,556  152,716 
Long-term Activity Ratio
Equity turnover1 0.97 1.03 0.91 0.76 0.85
Benchmarks
Equity Turnover, Competitors2
Exxon Mobil Corp. 1.33 1.46 1.26 1.31 1.52
Equity Turnover, Sector
Oil & Gas Producers 1.18 1.27 1.11 1.05

Based on: 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-25).

1 2019 Calculation
Equity turnover = Sales and other operating revenues ÷ Total Chevron Corporation stockholders’ equity
= 139,865 ÷ 144,213 = 0.97

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. Chevron Corp.’s equity turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.