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)
Constellation Brands Inc., long-term (investment) activity ratios
Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Constellation Brands Inc. net fixed asset turnover ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |
| 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). | Constellation Brands Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2020 to 2021 and from 2021 to 2022. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Constellation Brands Inc. total asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Constellation Brands Inc. equity turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
Net Fixed Asset Turnover
Constellation Brands Inc., net fixed asset turnover calculation, comparison to benchmarks
| Feb 28, 2022 | Feb 28, 2021 | Feb 29, 2020 | Feb 28, 2019 | Feb 28, 2018 | Feb 28, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net sales | 8,820,700) | 8,614,900) | 8,343,500) | 8,116,000) | 7,585,000) | 7,331,500) | |
| Property, plant, and equipment | 6,059,600) | 5,821,600) | 5,333,000) | 5,267,300) | 4,789,700) | 3,932,800) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover1 | 1.46 | 1.48 | 1.56 | 1.54 | 1.58 | 1.86 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||
| Altria Group Inc. | 15.61 | 16.75 | 13.00 | 12.56 | — | — | |
| Coca-Cola Co. | 4.37 | 3.90 | 3.06 | 3.44 | — | — | |
| Mondelēz International Inc. | 3.49 | 3.32 | 2.94 | 2.96 | — | — | |
| PepsiCo Inc. | 3.56 | 3.55 | 3.29 | 3.48 | — | — | |
| Net Fixed Asset Turnover, Sector | |||||||
| Food, Beverage & Tobacco | 4.16 | 4.06 | 3.62 | 3.80 | — | — | |
| Net Fixed Asset Turnover, Industry | |||||||
| Consumer Staples | 5.30 | 5.14 | 4.44 | 4.34 | — | — | |
Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28).
1 2022 Calculation
Net fixed asset turnover = Net sales ÷ Property, plant, and equipment
= 8,820,700 ÷ 6,059,600 = 1.46
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. | Constellation Brands Inc. net fixed asset turnover ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Constellation Brands Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Feb 28, 2022 | Feb 28, 2021 | Feb 29, 2020 | Feb 28, 2019 | Feb 28, 2018 | Feb 28, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net sales | 8,820,700) | 8,614,900) | 8,343,500) | 8,116,000) | 7,585,000) | 7,331,500) | |
| Property, plant, and equipment | 6,059,600) | 5,821,600) | 5,333,000) | 5,267,300) | 4,789,700) | 3,932,800) | |
| Operating lease right-of-use assets (classified in Other assets) | 478,900) | 477,900) | 481,400) | —) | —) | —) | |
| Property, plant, and equipment (including operating lease, right-of-use asset) | 6,538,500) | 6,299,500) | 5,814,400) | 5,267,300) | 4,789,700) | 3,932,800) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 1.35 | 1.37 | 1.43 | 1.54 | 1.58 | 1.86 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | |||||||
| Coca-Cola Co. | 3.82 | 3.41 | 2.68 | 3.05 | — | — | |
| Mondelēz International Inc. | 3.25 | 3.10 | 2.75 | 2.78 | — | — | |
| PepsiCo Inc. | 3.24 | 3.25 | 3.05 | 3.22 | — | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | |||||||
| Food, Beverage & Tobacco | 3.78 | 3.71 | 3.32 | 3.50 | — | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | |||||||
| Consumer Staples | 4.77 | 4.62 | 3.96 | 4.24 | — | — | |
Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28).
1 2022 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Net sales ÷ Property, plant, and equipment (including operating lease, right-of-use asset)
= 8,820,700 ÷ 6,538,500 = 1.35
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). | Constellation Brands Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2020 to 2021 and from 2021 to 2022. |
Total Asset Turnover
Constellation Brands Inc., total asset turnover calculation, comparison to benchmarks
| Feb 28, 2022 | Feb 28, 2021 | Feb 29, 2020 | Feb 28, 2019 | Feb 28, 2018 | Feb 28, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net sales | 8,820,700) | 8,614,900) | 8,343,500) | 8,116,000) | 7,585,000) | 7,331,500) | |
| Total assets | 25,855,800) | 27,104,800) | 27,323,200) | 29,231,500) | 20,538,700) | 18,602,400) | |
| Long-term Activity Ratio | |||||||
| Total asset turnover1 | 0.34 | 0.32 | 0.31 | 0.28 | 0.37 | 0.39 | |
| Benchmarks | |||||||
| Total Asset Turnover, Competitors2 | |||||||
| Altria Group Inc. | 0.68 | 0.66 | 0.55 | 0.51 | — | — | |
| Coca-Cola Co. | 0.46 | 0.41 | 0.38 | 0.43 | — | — | |
| Mondelēz International Inc. | 0.44 | 0.43 | 0.39 | 0.40 | — | — | |
| PepsiCo Inc. | 0.94 | 0.86 | 0.76 | 0.86 | — | — | |
| Total Asset Turnover, Sector | |||||||
| Food, Beverage & Tobacco | 0.63 | 0.59 | 0.53 | 0.56 | — | — | |
| Total Asset Turnover, Industry | |||||||
| Consumer Staples | 1.50 | 1.40 | 1.31 | 1.37 | — | — | |
Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28).
1 2022 Calculation
Total asset turnover = Net sales ÷ Total assets
= 8,820,700 ÷ 25,855,800 = 0.34
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. | Constellation Brands Inc. total asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Equity Turnover
Constellation Brands Inc., equity turnover calculation, comparison to benchmarks
| Feb 28, 2022 | Feb 28, 2021 | Feb 29, 2020 | Feb 28, 2019 | Feb 28, 2018 | Feb 28, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net sales | 8,820,700) | 8,614,900) | 8,343,500) | 8,116,000) | 7,585,000) | 7,331,500) | |
| Total CBI stockholders’ equity | 11,731,900) | 13,598,900) | 12,131,800) | 12,551,000) | 8,046,100) | 6,891,200) | |
| Long-term Activity Ratio | |||||||
| Equity turnover1 | 0.75 | 0.63 | 0.69 | 0.65 | 0.94 | 1.06 | |
| Benchmarks | |||||||
| Equity Turnover, Competitors2 | |||||||
| Altria Group Inc. | — | — | 9.21 | 4.04 | — | — | |
| Coca-Cola Co. | 1.78 | 1.68 | 1.71 | 1.96 | — | — | |
| Mondelēz International Inc. | 1.17 | 1.02 | 0.96 | 0.95 | — | — | |
| PepsiCo Inc. | 5.04 | 4.95 | 5.23 | 4.54 | — | — | |
| Equity Turnover, Sector | |||||||
| Food, Beverage & Tobacco | 2.90 | 2.63 | 2.47 | 2.31 | — | — | |
| Equity Turnover, Industry | |||||||
| Consumer Staples | 5.11 | 4.84 | 4.60 | 4.48 | — | — | |
Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28).
1 2022 Calculation
Equity turnover = Net sales ÷ Total CBI stockholders’ equity
= 8,820,700 ÷ 11,731,900 = 0.75
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. | Constellation Brands Inc. equity turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |