.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)
Chevron Corp., long-term (investment) activity ratios
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| | Net fixed asset turnover | |||||
| | Total asset turnover | |||||
| | Equity turnover |
Source: Based on data from Chevron Corp. Annual Reports
| 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 deteriorated from 2015 to 2016 but then improved from 2016 to 2017 exceeding 2015 level. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Chevron Corp.'s total asset turnover deteriorated from 2015 to 2016 but then improved from 2016 to 2017 exceeding 2015 level. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders' equity. | Chevron Corp.'s equity turnover deteriorated from 2015 to 2016 but then improved from 2016 to 2017 exceeding 2015 level. |
Net Fixed Asset Turnover
Chevron Corp., net fixed asset turnover calculation, comparison to benchmarks
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (USD $ in millions) | ||||||
| | Sales and other operating revenues | |||||
| | Properties, plant and equipment, net | |||||
| Ratio | ||||||
| | Net fixed asset turnover1 | |||||
| Benchmarks | ||||||
| Net Fixed Asset Turnover, Competitors | ||||||
| ConocoPhillips | ||||||
| EOG Resources Inc. | ||||||
| Exxon Mobil Corp. | ||||||
| Occidental Petroleum Corp. | ||||||
| Phillips 66 | ||||||
| Net Fixed Asset Turnover, Sector | ||||||
| Oil & Gas Producers | ||||||
| Net Fixed Asset Turnover, Industry | ||||||
| Oil & Gas | ||||||
Source: Based on data from Chevron Corp. Annual Reports
2017 Calculations
1 Net fixed asset turnover = Sales and other operating revenues ÷ Properties, plant and equipment, net
= ÷ =
| 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 deteriorated from 2015 to 2016 but then improved from 2016 to 2017 exceeding 2015 level. |
Total Asset Turnover
Chevron Corp., total asset turnover calculation, comparison to benchmarks
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (USD $ in millions) | ||||||
| | Sales and other operating revenues | |||||
| | Total assets | |||||
| Ratio | ||||||
| | Total asset turnover1 | |||||
| Benchmarks | ||||||
| Total Asset Turnover, Competitors | ||||||
| ConocoPhillips | ||||||
| EOG Resources Inc. | ||||||
| Exxon Mobil Corp. | ||||||
| Occidental Petroleum Corp. | ||||||
| Phillips 66 | ||||||
| Total Asset Turnover, Sector | ||||||
| Oil & Gas Producers | ||||||
| Total Asset Turnover, Industry | ||||||
| Oil & Gas | ||||||
Source: Based on data from Chevron Corp. Annual Reports
2017 Calculations
1 Total asset turnover = Sales and other operating revenues ÷ Total assets
= ÷ =
| Ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Chevron Corp.'s total asset turnover deteriorated from 2015 to 2016 but then improved from 2016 to 2017 exceeding 2015 level. |
Equity Turnover
Chevron Corp., equity turnover calculation, comparison to benchmarks
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (USD $ in millions) | ||||||
| | Sales and other operating revenues | |||||
| | Total Chevron Corporation stockholders' equity | |||||
| Ratio | ||||||
| | Equity turnover1 | |||||
| Benchmarks | ||||||
| Equity Turnover, Competitors | ||||||
| ConocoPhillips | ||||||
| EOG Resources Inc. | ||||||
| Exxon Mobil Corp. | ||||||
| Occidental Petroleum Corp. | ||||||
| Phillips 66 | ||||||
| Equity Turnover, Sector | ||||||
| Oil & Gas Producers | ||||||
| Equity Turnover, Industry | ||||||
| Oil & Gas | ||||||
Source: Based on data from Chevron Corp. Annual Reports
2017 Calculations
1 Equity turnover = Sales and other operating revenues ÷ Total Chevron Corporation stockholders' equity
= ÷ =
| Ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders' equity. | Chevron Corp.'s equity turnover deteriorated from 2015 to 2016 but then improved from 2016 to 2017 exceeding 2015 level. |
