Analysis of Long-term (Investment) Activity Ratios
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)
Chevron Corp., long-term (investment) activity ratios
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
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
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
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
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. |