Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Ecolab Inc. (NYSE:ECL)

Analysis of Long-term (Investment) Activity Ratios

Beginner level


Long-term Activity Ratios (Summary)

Ecolab Inc., long-term (investment) activity ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Net fixed asset turnover 3.77 3.82 3.73 3.91 4.20
Net fixed asset turnover (including operating lease, right-of-use asset) 3.29 3.82 3.73 3.91 4.20
Total asset turnover 0.71 0.73 0.69 0.72 0.73
Equity turnover 1.72 1.83 1.82 1.91 1.96

Based on: 10-K (filing date: 2020-02-28), 10-K (filing date: 2019-03-01), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-24), 10-K (filing date: 2016-02-26).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Ecolab Inc.’s net fixed asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019 not reaching 2017 level.
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). Ecolab Inc.’s net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Ecolab Inc.’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. Ecolab Inc.’s equity turnover ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019.

Net Fixed Asset Turnover

Ecolab Inc., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in thousands)
Net sales 14,906,300  14,668,200  13,838,300  13,152,800  13,545,100 
Property, plant and equipment, net 3,954,900  3,836,000  3,707,100  3,365,000  3,228,300 
Long-term Activity Ratio
Net fixed asset turnover1 3.77 3.82 3.73 3.91 4.20
Benchmarks
Net Fixed Asset Turnover, Competitors2
Air Products & Chemicals Inc. 0.86 0.90 0.97 1.08 1.03
Linde plc 0.97 0.50 0.95 0.92 0.98
Net Fixed Asset Turnover, Sector
Chemicals 1.20 0.89 1.38 1.40 1.43
Net Fixed Asset Turnover, Industry
Basic Materials 0.90 0.82 1.12 1.10 1.10

Based on: 10-K (filing date: 2020-02-28), 10-K (filing date: 2019-03-01), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-24), 10-K (filing date: 2016-02-26).

1 2019 Calculation
Net fixed asset turnover = Net sales ÷ Property, plant and equipment, net
= 14,906,300 ÷ 3,954,900 = 3.77

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. Ecolab Inc.’s net fixed asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019 not reaching 2017 level.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

Ecolab Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in thousands)
Net sales 14,906,300  14,668,200  13,838,300  13,152,800  13,545,100 
 
Property, plant and equipment, net 3,954,900  3,836,000  3,707,100  3,365,000  3,228,300 
Operating lease assets 577,500  —  —  —  — 
Property, plant and equipment, net (including operating lease, right-of-use asset) 4,532,400  3,836,000  3,707,100  3,365,000  3,228,300 
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 3.29 3.82 3.73 3.91 4.20
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Linde plc 0.94 0.50 0.95 0.92 0.98
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Chemicals 1.16 0.89 1.38 1.40 1.43
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Basic Materials 0.88 0.82 1.12 1.10 1.10

Based on: 10-K (filing date: 2020-02-28), 10-K (filing date: 2019-03-01), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-24), 10-K (filing date: 2016-02-26).

1 2019 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Net sales ÷ Property, plant and equipment, net (including operating lease, right-of-use asset)
= 14,906,300 ÷ 4,532,400 = 3.29

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). Ecolab Inc.’s net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019.

Total Asset Turnover

Ecolab Inc., total asset turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in thousands)
Net sales 14,906,300  14,668,200  13,838,300  13,152,800  13,545,100 
Total assets 20,869,100  20,074,500  19,962,400  18,330,200  18,641,700 
Long-term Activity Ratio
Total asset turnover1 0.71 0.73 0.69 0.72 0.73
Benchmarks
Total Asset Turnover, Competitors2
Air Products & Chemicals Inc. 0.47 0.47 0.44 0.53 0.57
Linde plc 0.33 0.16 0.56 0.54 0.59
Total Asset Turnover, Sector
Chemicals 0.41 0.29 0.57 0.60 0.63
Total Asset Turnover, Industry
Basic Materials 0.37 0.30 0.51 0.52 0.53

Based on: 10-K (filing date: 2020-02-28), 10-K (filing date: 2019-03-01), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-24), 10-K (filing date: 2016-02-26).

1 2019 Calculation
Total asset turnover = Net sales ÷ Total assets
= 14,906,300 ÷ 20,869,100 = 0.71

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. Ecolab Inc.’s total asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.

Equity Turnover

Ecolab Inc., equity turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in thousands)
Net sales 14,906,300  14,668,200  13,838,300  13,152,800  13,545,100 
Total Ecolab shareholders’ equity 8,685,300  8,003,200  7,618,500  6,901,100  6,909,900 
Long-term Activity Ratio
Equity turnover1 1.72 1.83 1.82 1.91 1.96
Benchmarks
Equity Turnover, Competitors2
Air Products & Chemicals Inc. 0.81 0.82 0.81 1.35 1.37
Linde plc 0.58 0.29 1.90 2.10 2.46
Equity Turnover, Sector
Chemicals 0.76 0.55 1.41 1.75 1.84
Equity Turnover, Industry
Basic Materials 0.68 0.57 1.19 1.34 1.40

Based on: 10-K (filing date: 2020-02-28), 10-K (filing date: 2019-03-01), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-24), 10-K (filing date: 2016-02-26).

1 2019 Calculation
Equity turnover = Net sales ÷ Total Ecolab shareholders’ equity
= 14,906,300 ÷ 8,685,300 = 1.72

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. Ecolab Inc.’s equity turnover ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019.