Analysis of Long-term (Investment) Activity Ratios
Quarterly Data
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)
Dollar General Corp., long-term (investment) activity ratios (quarterly data)
Based on: 10-K (filing date: 2021-03-19), 10-Q (filing date: 2020-12-03), 10-Q (filing date: 2020-08-27), 10-Q (filing date: 2020-05-28), 10-K (filing date: 2020-03-19), 10-Q (filing date: 2019-12-05), 10-Q (filing date: 2019-08-29), 10-Q (filing date: 2019-05-30), 10-K (filing date: 2019-03-22), 10-Q (filing date: 2018-12-04), 10-Q (filing date: 2018-08-30), 10-Q (filing date: 2018-05-31), 10-K (filing date: 2018-03-23), 10-Q (filing date: 2017-12-07), 10-Q (filing date: 2017-08-31), 10-Q (filing date: 2017-06-01), 10-K (filing date: 2017-03-24), 10-Q (filing date: 2016-12-01), 10-Q (filing date: 2016-08-25), 10-Q (filing date: 2016-05-26), 10-K (filing date: 2016-03-22), 10-Q (filing date: 2015-12-03), 10-Q (filing date: 2015-08-27), 10-Q (filing date: 2015-06-02).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Dollar General Corp.’s net fixed asset turnover ratio deteriorated from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021. |
| 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). | Dollar General Corp.’s net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Dollar General Corp.’s total asset turnover ratio improved from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Dollar General Corp.’s equity turnover ratio improved from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021. |
Net Fixed Asset Turnover
Dollar General Corp., net fixed asset turnover calculation (quarterly data)
| Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | Feb 1, 2019 | Nov 2, 2018 | Aug 3, 2018 | May 4, 2018 | Feb 2, 2018 | Nov 3, 2017 | Aug 4, 2017 | May 5, 2017 | Feb 3, 2017 | Oct 28, 2016 | Jul 29, 2016 | Apr 29, 2016 | Jan 29, 2016 | Oct 30, 2015 | Jul 31, 2015 | May 1, 2015 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||
| Net sales | 8,414,524 | 8,199,625 | 8,684,241 | 8,448,449 | 7,157,642 | 6,991,393 | 6,981,753 | 6,623,185 | 6,649,809 | 6,417,462 | 6,443,309 | 6,114,463 | 6,129,431 | 5,903,606 | 5,828,305 | 5,609,625 | 6,009,246 | 5,320,029 | 5,391,891 | 5,265,432 | 5,286,938 | 5,067,048 | 5,095,904 | 4,918,672 | |||||||
| Net property and equipment | 3,899,997 | 3,701,782 | 3,520,998 | 3,320,141 | 3,278,359 | 3,131,073 | 3,020,406 | 3,008,425 | 2,970,806 | 2,921,943 | 2,857,274 | 2,758,369 | 2,701,282 | 2,654,936 | 2,574,816 | 2,487,292 | 2,434,456 | 2,388,463 | 2,349,119 | 2,278,081 | 2,264,062 | 2,237,068 | 2,195,857 | 2,135,436 | |||||||
| Long-term Activity Ratio | |||||||||||||||||||||||||||||||
| Net fixed asset turnover1 | 8.65 | 8.78 | 8.88 | 8.91 | 8.47 | 8.70 | 8.83 | 8.69 | 8.63 | 8.59 | 8.61 | 8.69 | 8.69 | 8.80 | 8.84 | 8.98 | 9.03 | 8.90 | 8.94 | 9.09 | 9.00 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||||||||||||||||||||||||||
| Amazon.com Inc. | — | — | — | 3.45 | 3.41 | 3.48 | 3.72 | 3.81 | 3.86 | 3.92 | 3.89 | 3.96 | 3.77 | 3.81 | 3.80 | 3.69 | 3.64 | 3.55 | 4.05 | 4.37 | 4.67 | — | — | — | |||||||
| Costco Wholesale Corp. | — | — | 7.77 | 7.60 | 7.48 | 7.31 | 7.21 | 7.12 | 7.15 | 7.15 | 7.15 | 7.12 | 7.03 | 7.11 | 6.98 | 6.95 | 6.95 | 6.87 | 6.83 | 6.81 | 6.81 | 6.99 | 7.14 | 7.19 | |||||||
| Home Depot Inc. | 5.35 | 5.27 | 5.10 | 4.94 | 4.84 | 4.94 | 4.91 | 4.92 | 4.84 | 4.79 | 4.76 | 4.65 | 4.57 | 4.52 | 4.42 | 4.39 | 4.32 | 4.28 | 4.19 | 4.06 | 3.99 | — | — | — | |||||||
| Lowe’s Cos. Inc. | 4.68 | 4.57 | 4.32 | 4.00 | 3.86 | 3.91 | 3.94 | 3.95 | 3.87 | 3.76 | 3.68 | 3.54 | 3.48 | 3.48 | 3.43 | 3.37 | 3.26 | 3.12 | 3.01 | 3.09 | 3.02 | — | — | — | |||||||
| Target Corp. | 3.44 | 3.27 | 3.13 | 2.97 | 2.93 | 2.91 | 2.92 | 2.93 | 2.92 | 2.91 | 2.92 | 2.92 | 2.87 | 2.78 | 2.80 | 2.81 | 2.82 | 2.83 | 2.87 | 2.91 | 2.93 | — | — | — | |||||||
| TJX Cos. Inc. | 6.38 | 6.67 | 6.61 | 7.08 | 7.83 | 7.74 | 7.94 | 7.88 | 7.42 | 7.51 | 7.40 | 7.32 | 7.16 | 7.07 | 7.15 | 7.26 | 7.32 | 7.57 | 7.54 | 7.48 | 7.48 | — | — | — | |||||||
| Walmart Inc. | 5.77 | 5.08 | 5.08 | 4.98 | 4.74 | 4.77 | 4.73 | 4.72 | 4.58 | 4.56 | 4.56 | 4.36 | 4.32 | 4.25 | 4.21 | 4.23 | 4.22 | 4.17 | 4.16 | 4.12 | 4.11 | — | — | — | |||||||
Based on: 10-K (filing date: 2021-03-19), 10-Q (filing date: 2020-12-03), 10-Q (filing date: 2020-08-27), 10-Q (filing date: 2020-05-28), 10-K (filing date: 2020-03-19), 10-Q (filing date: 2019-12-05), 10-Q (filing date: 2019-08-29), 10-Q (filing date: 2019-05-30), 10-K (filing date: 2019-03-22), 10-Q (filing date: 2018-12-04), 10-Q (filing date: 2018-08-30), 10-Q (filing date: 2018-05-31), 10-K (filing date: 2018-03-23), 10-Q (filing date: 2017-12-07), 10-Q (filing date: 2017-08-31), 10-Q (filing date: 2017-06-01), 10-K (filing date: 2017-03-24), 10-Q (filing date: 2016-12-01), 10-Q (filing date: 2016-08-25), 10-Q (filing date: 2016-05-26), 10-K (filing date: 2016-03-22), 10-Q (filing date: 2015-12-03), 10-Q (filing date: 2015-08-27), 10-Q (filing date: 2015-06-02).
1 Q4 2021 Calculation
Net fixed asset turnover
= (Net salesQ4 2021
+ Net salesQ3 2021
+ Net salesQ2 2021
+ Net salesQ1 2021)
÷ Net property and equipment
= (8,414,524 + 8,199,625 + 8,684,241 + 8,448,449)
÷ 3,899,997 = 8.65
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. | Dollar General Corp.’s net fixed asset turnover ratio deteriorated from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Dollar General Corp., net fixed asset turnover (including operating lease, right-of-use asset) calculation (quarterly data)
| Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | Feb 1, 2019 | Nov 2, 2018 | Aug 3, 2018 | May 4, 2018 | Feb 2, 2018 | Nov 3, 2017 | Aug 4, 2017 | May 5, 2017 | Feb 3, 2017 | Oct 28, 2016 | Jul 29, 2016 | Apr 29, 2016 | Jan 29, 2016 | Oct 30, 2015 | Jul 31, 2015 | May 1, 2015 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||
| Net sales | 8,414,524 | 8,199,625 | 8,684,241 | 8,448,449 | 7,157,642 | 6,991,393 | 6,981,753 | 6,623,185 | 6,649,809 | 6,417,462 | 6,443,309 | 6,114,463 | 6,129,431 | 5,903,606 | 5,828,305 | 5,609,625 | 6,009,246 | 5,320,029 | 5,391,891 | 5,265,432 | 5,286,938 | 5,067,048 | 5,095,904 | 4,918,672 | |||||||
| Net property and equipment | 3,899,997 | 3,701,782 | 3,520,998 | 3,320,141 | 3,278,359 | 3,131,073 | 3,020,406 | 3,008,425 | 2,970,806 | 2,921,943 | 2,857,274 | 2,758,369 | 2,701,282 | 2,654,936 | 2,574,816 | 2,487,292 | 2,434,456 | 2,388,463 | 2,349,119 | 2,278,081 | 2,264,062 | 2,237,068 | 2,195,857 | 2,135,436 | |||||||
| Operating lease assets | 9,473,330 | 9,343,375 | 9,154,789 | 8,960,805 | 8,796,183 | 8,639,378 | 8,405,346 | 8,140,326 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Net property and equipment (including operating lease, right-of-use asset) | 13,373,327 | 13,045,157 | 12,675,787 | 12,280,946 | 12,074,542 | 11,770,451 | 11,425,752 | 11,148,751 | 2,970,806 | 2,921,943 | 2,857,274 | 2,758,369 | 2,701,282 | 2,654,936 | 2,574,816 | 2,487,292 | 2,434,456 | 2,388,463 | 2,349,119 | 2,278,081 | 2,264,062 | 2,237,068 | 2,195,857 | 2,135,436 | |||||||
| Long-term Activity Ratio | |||||||||||||||||||||||||||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 2.52 | 2.49 | 2.47 | 2.41 | 2.30 | 2.31 | 2.33 | 2.34 | 8.63 | 8.59 | 8.61 | 8.69 | 8.69 | 8.80 | 8.84 | 8.98 | 9.03 | 8.90 | 8.94 | 9.09 | 9.00 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | |||||||||||||||||||||||||||||||
| Amazon.com Inc. | — | — | — | 2.61 | 2.56 | 2.59 | 2.80 | 2.85 | 2.87 | 2.92 | 2.92 | 2.98 | 3.77 | 3.81 | 3.80 | 3.69 | 3.64 | 3.55 | 4.05 | 4.37 | 4.67 | — | — | — | |||||||
| Costco Wholesale Corp. | — | — | 6.88 | 6.75 | 6.64 | 6.48 | 6.43 | 6.35 | 7.15 | 7.15 | 7.15 | 7.12 | 7.03 | 7.11 | 6.98 | 6.95 | 6.95 | 6.87 | 6.83 | 6.81 | 6.81 | 6.99 | 7.14 | 7.19 | |||||||
| Home Depot Inc. | 4.31 | 4.29 | 4.14 | 3.96 | 3.89 | 3.95 | 3.90 | 3.93 | 4.84 | 4.79 | 4.76 | 4.65 | 4.57 | 4.52 | 4.42 | 4.39 | 4.32 | 4.28 | 4.19 | 4.06 | 3.99 | — | — | — | |||||||
| Lowe’s Cos. Inc. | 3.90 | 3.79 | 3.59 | 3.31 | 3.20 | 3.23 | 3.24 | 3.25 | 3.87 | 3.76 | 3.68 | 3.54 | 3.48 | 3.48 | 3.43 | 3.37 | 3.26 | 3.12 | 3.01 | 3.09 | 3.02 | — | — | — | |||||||
| Target Corp. | 3.17 | 3.02 | 2.89 | 2.74 | 2.70 | 2.69 | 2.70 | 2.72 | 2.71 | 2.70 | 2.71 | 2.71 | 2.87 | 2.78 | 2.80 | 2.81 | 2.82 | 2.83 | 2.87 | 2.91 | 2.93 | — | — | — | |||||||
| TJX Cos. Inc. | 2.29 | 2.38 | 2.38 | 2.58 | 2.90 | 2.84 | 2.86 | 2.86 | 7.42 | 7.51 | 7.40 | 7.32 | 7.16 | 7.07 | 7.15 | 7.26 | 7.32 | 7.57 | 7.54 | 7.48 | 7.48 | — | — | — | |||||||
| Walmart Inc. | 5.05 | 4.38 | 4.38 | 4.30 | 4.09 | 4.12 | 4.08 | 4.09 | 4.58 | 4.56 | 4.56 | 4.36 | 4.32 | 4.25 | 4.21 | 4.23 | 4.22 | 4.17 | 4.16 | 4.12 | 4.11 | — | — | — | |||||||
Based on: 10-K (filing date: 2021-03-19), 10-Q (filing date: 2020-12-03), 10-Q (filing date: 2020-08-27), 10-Q (filing date: 2020-05-28), 10-K (filing date: 2020-03-19), 10-Q (filing date: 2019-12-05), 10-Q (filing date: 2019-08-29), 10-Q (filing date: 2019-05-30), 10-K (filing date: 2019-03-22), 10-Q (filing date: 2018-12-04), 10-Q (filing date: 2018-08-30), 10-Q (filing date: 2018-05-31), 10-K (filing date: 2018-03-23), 10-Q (filing date: 2017-12-07), 10-Q (filing date: 2017-08-31), 10-Q (filing date: 2017-06-01), 10-K (filing date: 2017-03-24), 10-Q (filing date: 2016-12-01), 10-Q (filing date: 2016-08-25), 10-Q (filing date: 2016-05-26), 10-K (filing date: 2016-03-22), 10-Q (filing date: 2015-12-03), 10-Q (filing date: 2015-08-27), 10-Q (filing date: 2015-06-02).
1 Q4 2021 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset)
= (Net salesQ4 2021
+ Net salesQ3 2021
+ Net salesQ2 2021
+ Net salesQ1 2021)
÷ Net property and equipment (including operating lease, right-of-use asset)
= (8,414,524 + 8,199,625 + 8,684,241 + 8,448,449)
÷ 13,373,327 = 2.52
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). | Dollar General Corp.’s net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021. |
Total Asset Turnover
Dollar General Corp., total asset turnover calculation (quarterly data)
| Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | Feb 1, 2019 | Nov 2, 2018 | Aug 3, 2018 | May 4, 2018 | Feb 2, 2018 | Nov 3, 2017 | Aug 4, 2017 | May 5, 2017 | Feb 3, 2017 | Oct 28, 2016 | Jul 29, 2016 | Apr 29, 2016 | Jan 29, 2016 | Oct 30, 2015 | Jul 31, 2015 | May 1, 2015 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||
| Net sales | 8,414,524 | 8,199,625 | 8,684,241 | 8,448,449 | 7,157,642 | 6,991,393 | 6,981,753 | 6,623,185 | 6,649,809 | 6,417,462 | 6,443,309 | 6,114,463 | 6,129,431 | 5,903,606 | 5,828,305 | 5,609,625 | 6,009,246 | 5,320,029 | 5,391,891 | 5,265,432 | 5,286,938 | 5,067,048 | 5,095,904 | 4,918,672 | |||||||
| Total assets | 25,862,624 | 26,153,442 | 25,847,433 | 24,848,313 | 22,825,084 | 22,412,790 | 21,917,529 | 21,304,284 | 13,204,038 | 13,121,021 | 12,943,949 | 12,493,230 | 12,516,911 | 12,374,756 | 12,120,824 | 11,796,355 | 11,672,298 | 11,917,076 | 11,617,370 | 11,316,384 | 11,257,885 | 11,288,293 | 11,195,195 | 10,956,550 | |||||||
| Long-term Activity Ratio | |||||||||||||||||||||||||||||||
| Total asset turnover1 | 1.30 | 1.24 | 1.21 | 1.19 | 1.22 | 1.22 | 1.22 | 1.23 | 1.94 | 1.91 | 1.90 | 1.92 | 1.88 | 1.89 | 1.88 | 1.89 | 1.88 | 1.78 | 1.81 | 1.83 | 1.81 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Total Asset Turnover, Competitors2 | |||||||||||||||||||||||||||||||
| Amazon.com Inc. | — | — | — | 1.30 | 1.20 | 1.23 | 1.25 | 1.34 | 1.25 | 1.33 | 1.32 | 1.36 | 1.43 | 1.54 | 1.55 | 1.53 | 1.35 | 1.40 | 1.71 | 1.76 | 1.63 | — | — | — | |||||||
| Costco Wholesale Corp. | — | — | 3.19 | 2.81 | 2.94 | 3.04 | 3.18 | 2.94 | 3.29 | 3.34 | 3.36 | 3.23 | 3.39 | 3.44 | 3.44 | 3.30 | 3.47 | 3.38 | 3.33 | 3.20 | 3.50 | 3.41 | 3.54 | 3.22 | |||||||
| Home Depot Inc. | 1.87 | 1.88 | 1.88 | 1.91 | 2.15 | 2.12 | 2.12 | 2.13 | 2.46 | 2.34 | 2.26 | 2.19 | 2.27 | 2.20 | 2.12 | 2.13 | 2.20 | 2.10 | 2.08 | 2.03 | 2.08 | — | — | — | |||||||
| Lowe’s Cos. Inc. | 1.92 | 1.68 | 1.55 | 1.62 | 1.83 | 1.80 | 1.76 | 1.66 | 2.07 | 1.94 | 1.90 | 1.81 | 1.94 | 1.87 | 1.85 | 1.77 | 1.89 | 1.77 | 1.68 | 1.62 | 1.89 | — | — | — | |||||||
| Target Corp. | 1.80 | 1.73 | 1.74 | 1.77 | 1.80 | 1.75 | 1.83 | 1.85 | 1.80 | 1.71 | 1.84 | 1.86 | 1.84 | 1.71 | 1.86 | 1.86 | 1.86 | 1.82 | 1.92 | 1.83 | 1.83 | — | — | — | |||||||
| TJX Cos. Inc. | 1.04 | 1.06 | 1.27 | 1.45 | 1.73 | 1.67 | 1.75 | 1.76 | 2.72 | 2.58 | 2.67 | 2.63 | 2.55 | 2.48 | 2.62 | 2.62 | 2.58 | 2.54 | 2.75 | 2.70 | 2.69 | — | — | — | |||||||
| Walmart Inc. | 2.20 | 2.17 | 2.27 | 2.28 | 2.20 | 2.16 | 2.19 | 2.18 | 2.33 | 2.24 | 2.46 | 2.44 | 2.42 | 2.34 | 2.41 | 2.42 | 2.42 | 2.32 | 2.42 | 2.41 | 2.40 | — | — | — | |||||||
Based on: 10-K (filing date: 2021-03-19), 10-Q (filing date: 2020-12-03), 10-Q (filing date: 2020-08-27), 10-Q (filing date: 2020-05-28), 10-K (filing date: 2020-03-19), 10-Q (filing date: 2019-12-05), 10-Q (filing date: 2019-08-29), 10-Q (filing date: 2019-05-30), 10-K (filing date: 2019-03-22), 10-Q (filing date: 2018-12-04), 10-Q (filing date: 2018-08-30), 10-Q (filing date: 2018-05-31), 10-K (filing date: 2018-03-23), 10-Q (filing date: 2017-12-07), 10-Q (filing date: 2017-08-31), 10-Q (filing date: 2017-06-01), 10-K (filing date: 2017-03-24), 10-Q (filing date: 2016-12-01), 10-Q (filing date: 2016-08-25), 10-Q (filing date: 2016-05-26), 10-K (filing date: 2016-03-22), 10-Q (filing date: 2015-12-03), 10-Q (filing date: 2015-08-27), 10-Q (filing date: 2015-06-02).
1 Q4 2021 Calculation
Total asset turnover
= (Net salesQ4 2021
+ Net salesQ3 2021
+ Net salesQ2 2021
+ Net salesQ1 2021)
÷ Total assets
= (8,414,524 + 8,199,625 + 8,684,241 + 8,448,449)
÷ 25,862,624 = 1.30
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. | Dollar General Corp.’s total asset turnover ratio improved from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021. |
Equity Turnover
Dollar General Corp., equity turnover calculation (quarterly data)
| Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | Feb 1, 2019 | Nov 2, 2018 | Aug 3, 2018 | May 4, 2018 | Feb 2, 2018 | Nov 3, 2017 | Aug 4, 2017 | May 5, 2017 | Feb 3, 2017 | Oct 28, 2016 | Jul 29, 2016 | Apr 29, 2016 | Jan 29, 2016 | Oct 30, 2015 | Jul 31, 2015 | May 1, 2015 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||
| Net sales | 8,414,524 | 8,199,625 | 8,684,241 | 8,448,449 | 7,157,642 | 6,991,393 | 6,981,753 | 6,623,185 | 6,649,809 | 6,417,462 | 6,443,309 | 6,114,463 | 6,129,431 | 5,903,606 | 5,828,305 | 5,609,625 | 6,009,246 | 5,320,029 | 5,391,891 | 5,265,432 | 5,286,938 | 5,067,048 | 5,095,904 | 4,918,672 | |||||||
| Shareholders’ equity | 6,661,238 | 6,985,519 | 7,356,071 | 7,209,454 | 6,702,500 | 6,648,295 | 6,749,160 | 6,572,669 | 6,417,393 | 6,355,888 | 6,378,942 | 6,236,318 | 6,125,774 | 5,744,155 | 5,687,095 | 5,528,881 | 5,406,294 | 5,361,852 | 5,413,361 | 5,388,383 | 5,377,876 | 5,343,593 | 5,418,934 | 5,385,858 | |||||||
| Long-term Activity Ratio | |||||||||||||||||||||||||||||||
| Equity turnover1 | 5.07 | 4.65 | 4.25 | 4.10 | 4.14 | 4.10 | 3.95 | 3.98 | 3.99 | 3.95 | 3.85 | 3.84 | 3.83 | 4.07 | 4.00 | 4.04 | 4.07 | 3.97 | 3.88 | 3.84 | 3.79 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Equity Turnover, Competitors2 | |||||||||||||||||||||||||||||||
| Amazon.com Inc. | — | — | — | 4.06 | 4.13 | 4.20 | 4.36 | 4.54 | 4.52 | 4.70 | 4.75 | 4.99 | 5.35 | 5.65 | 5.95 | 6.14 | 6.42 | 6.54 | 6.47 | 6.58 | 7.05 | — | — | — | |||||||
| Costco Wholesale Corp. | — | — | 11.18 | 11.40 | 8.93 | 9.37 | 9.32 | 9.54 | 9.80 | 10.10 | 10.39 | 10.76 | 10.82 | 11.23 | 11.31 | 11.72 | 11.71 | 12.18 | 9.52 | 9.76 | 9.61 | 10.03 | 10.43 | 10.51 | |||||||
| Home Depot Inc. | 40.05 | 81.84 | — | — | — | — | — | — | — | 80.00 | 51.93 | 60.44 | 69.40 | 39.02 | 27.39 | 24.16 | 21.83 | 16.61 | 13.82 | 14.27 | 14.02 | — | — | — | |||||||
| Lowe’s Cos. Inc. | 62.35 | 20.95 | 18.46 | 43.17 | 36.59 | 29.20 | 27.19 | 22.15 | 19.57 | 13.19 | 12.20 | 12.03 | 11.68 | 12.00 | 12.26 | 12.05 | 10.11 | 9.47 | 8.84 | 8.34 | 7.72 | — | — | — | |||||||
| Target Corp. | 6.40 | 6.57 | 6.65 | 7.08 | 6.52 | 6.65 | 6.41 | 6.77 | 6.59 | 6.72 | 6.59 | 6.49 | 6.14 | 6.27 | 6.27 | 6.29 | 6.34 | 6.36 | 6.19 | 5.81 | 5.69 | — | — | — | |||||||
| TJX Cos. Inc. | 5.51 | 6.00 | 7.24 | 7.78 | 7.01 | 7.33 | 7.55 | 7.71 | 7.72 | 7.38 | 7.22 | 6.99 | 6.97 | 7.40 | 7.47 | 7.34 | 7.36 | 7.55 | 7.22 | 6.97 | 7.18 | — | — | — | |||||||
| Walmart Inc. | 6.86 | 6.69 | 7.14 | 7.78 | 6.96 | 7.22 | 7.31 | 7.50 | 7.04 | 7.05 | 7.11 | 6.63 | 6.37 | 6.44 | 6.35 | 6.55 | 6.19 | 6.18 | 6.27 | 6.38 | 5.94 | — | — | — | |||||||
Based on: 10-K (filing date: 2021-03-19), 10-Q (filing date: 2020-12-03), 10-Q (filing date: 2020-08-27), 10-Q (filing date: 2020-05-28), 10-K (filing date: 2020-03-19), 10-Q (filing date: 2019-12-05), 10-Q (filing date: 2019-08-29), 10-Q (filing date: 2019-05-30), 10-K (filing date: 2019-03-22), 10-Q (filing date: 2018-12-04), 10-Q (filing date: 2018-08-30), 10-Q (filing date: 2018-05-31), 10-K (filing date: 2018-03-23), 10-Q (filing date: 2017-12-07), 10-Q (filing date: 2017-08-31), 10-Q (filing date: 2017-06-01), 10-K (filing date: 2017-03-24), 10-Q (filing date: 2016-12-01), 10-Q (filing date: 2016-08-25), 10-Q (filing date: 2016-05-26), 10-K (filing date: 2016-03-22), 10-Q (filing date: 2015-12-03), 10-Q (filing date: 2015-08-27), 10-Q (filing date: 2015-06-02).
1 Q4 2021 Calculation
Equity turnover
= (Net salesQ4 2021
+ Net salesQ3 2021
+ Net salesQ2 2021
+ Net salesQ1 2021)
÷ Shareholders’ equity
= (8,414,524 + 8,199,625 + 8,684,241 + 8,448,449)
÷ 6,661,238 = 5.07
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. | Dollar General Corp.’s equity turnover ratio improved from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021. |