Stock Analysis on Net
Stock Analysis on Net

Dollar General Corp. (NYSE:DG)

Analysis of Long-term (Investment) Activity Ratios
Quarterly Data

Beginner level

Long-term Activity Ratios (Summary)

Dollar General Corp., long-term (investment) activity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
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
Net fixed asset turnover 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
Net fixed asset turnover (including operating lease, right-of-use asset) 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
Total asset turnover 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
Equity turnover 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

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)

Microsoft Excel LibreOffice Calc
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)

Microsoft Excel LibreOffice Calc
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)

Microsoft Excel LibreOffice Calc
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)

Microsoft Excel LibreOffice Calc
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.