Eli Lilly & Co. (LLY)

• Annual Data
• Quarterly Data

• Annual Data
• Quarterly Data

Eli Lilly & Co., short-term (operating) activity ratios

Based on: 10-K (filing date: 2018-02-20), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-19), 10-K (filing date: 2015-02-19), 10-K (filing date: 2014-02-19).

Ratio	Description	The company
Inventory turnover	An activity ratio calculated as cost of goods sold divided by inventory.	Eli Lilly & Co.’s inventory turnover improved from 2015 to 2016 but then deteriorated significantly from 2016 to 2017.
Receivables turnover	An activity ratio equal to revenue divided by receivables.	Eli Lilly & Co.’s receivables turnover deteriorated from 2015 to 2016 and from 2016 to 2017.
Payables turnover	An activity ratio calculated as cost of goods sold divided by payables.	Eli Lilly & Co.’s payables turnover increased from 2015 to 2016 and from 2016 to 2017.
Working capital turnover	An activity ratio calculated as revenue divided by working capital.	Eli Lilly & Co.’s working capital turnover improved from 2015 to 2016 but then slightly deteriorated from 2016 to 2017.

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Ratio	Description	The company
Average inventory processing period	An activity ratio equal to the number of days in the period divided by inventory turnover over the period.	Eli Lilly & Co.’s average inventory processing period improved from 2015 to 2016 but then deteriorated significantly from 2016 to 2017.
Average receivable collection period	An activity ratio equal to the number of days in the period divided by receivables turnover.	Eli Lilly & Co.’s average receivable collection period deteriorated from 2015 to 2016 and from 2016 to 2017.
Operating cycle	Equal to average inventory processing period plus average receivables collection period.	Eli Lilly & Co.’s operating cycle improved from 2015 to 2016 but then deteriorated significantly from 2016 to 2017.
Average payables payment period	An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period.	Eli Lilly & Co.’s average payables payment period declined from 2015 to 2016 and from 2016 to 2017.
Cash conversion cycle	A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period.	Eli Lilly & Co.’s cash conversion cycle improved from 2015 to 2016 but then deteriorated significantly from 2016 to 2017.

• Annual Data
• Quarterly Data

Eli Lilly & Co., inventory turnover calculation, comparison to benchmarks

Based on: 10-K (filing date: 2018-02-20), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-19), 10-K (filing date: 2015-02-19), 10-K (filing date: 2014-02-19).

2017 Calculations

Ratio	Description	The company
Inventory turnover	An activity ratio calculated as cost of goods sold divided by inventory.	Eli Lilly & Co.’s inventory turnover improved from 2015 to 2016 but then deteriorated significantly from 2016 to 2017.

• Annual Data
• Quarterly Data

Eli Lilly & Co., receivables turnover calculation, comparison to benchmarks

Based on: 10-K (filing date: 2018-02-20), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-19), 10-K (filing date: 2015-02-19), 10-K (filing date: 2014-02-19).

2017 Calculations

Ratio	Description	The company
Receivables turnover	An activity ratio equal to revenue divided by receivables.	Eli Lilly & Co.’s receivables turnover deteriorated from 2015 to 2016 and from 2016 to 2017.

• Annual Data
• Quarterly Data

Eli Lilly & Co., payables turnover calculation, comparison to benchmarks

Based on: 10-K (filing date: 2018-02-20), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-19), 10-K (filing date: 2015-02-19), 10-K (filing date: 2014-02-19).

2017 Calculations

Ratio	Description	The company
Payables turnover	An activity ratio calculated as cost of goods sold divided by payables.	Eli Lilly & Co.’s payables turnover increased from 2015 to 2016 and from 2016 to 2017.

• Annual Data
• Quarterly Data

Eli Lilly & Co., working capital turnover calculation, comparison to benchmarks

Based on: 10-K (filing date: 2018-02-20), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-19), 10-K (filing date: 2015-02-19), 10-K (filing date: 2014-02-19).

2017 Calculations

Ratio	Description	The company
Working capital turnover	An activity ratio calculated as revenue divided by working capital.	Eli Lilly & Co.’s working capital turnover improved from 2015 to 2016 but then slightly deteriorated from 2016 to 2017.

• Annual Data
• Quarterly Data

Eli Lilly & Co., average inventory processing period calculation, comparison to benchmarks

Based on: 10-K (filing date: 2018-02-20), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-19), 10-K (filing date: 2015-02-19), 10-K (filing date: 2014-02-19).

2017 Calculations

Ratio	Description	The company
Average inventory processing period	An activity ratio equal to the number of days in the period divided by inventory turnover over the period.	Eli Lilly & Co.’s average inventory processing period improved from 2015 to 2016 but then deteriorated significantly from 2016 to 2017.

• Annual Data
• Quarterly Data

Eli Lilly & Co., average receivable collection period calculation, comparison to benchmarks

Based on: 10-K (filing date: 2018-02-20), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-19), 10-K (filing date: 2015-02-19), 10-K (filing date: 2014-02-19).

2017 Calculations

Ratio	Description	The company
Average receivable collection period	An activity ratio equal to the number of days in the period divided by receivables turnover.	Eli Lilly & Co.’s average receivable collection period deteriorated from 2015 to 2016 and from 2016 to 2017.

• Annual Data
• Quarterly Data

Eli Lilly & Co., operating cycle calculation, comparison to benchmarks

No. of days

Based on: 10-K (filing date: 2018-02-20), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-19), 10-K (filing date: 2015-02-19), 10-K (filing date: 2014-02-19).

2017 Calculations

Ratio	Description	The company
Operating cycle	Equal to average inventory processing period plus average receivables collection period.	Eli Lilly & Co.’s operating cycle improved from 2015 to 2016 but then deteriorated significantly from 2016 to 2017.

• Annual Data
• Quarterly Data

Eli Lilly & Co., average payables payment period calculation, comparison to benchmarks

Based on: 10-K (filing date: 2018-02-20), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-19), 10-K (filing date: 2015-02-19), 10-K (filing date: 2014-02-19).

2017 Calculations

Ratio	Description	The company
Average payables payment period	An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period.	Eli Lilly & Co.’s average payables payment period declined from 2015 to 2016 and from 2016 to 2017.

• Annual Data
• Quarterly Data

Eli Lilly & Co., cash conversion cycle calculation, comparison to benchmarks

No. of days

Based on: 10-K (filing date: 2018-02-20), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-19), 10-K (filing date: 2015-02-19), 10-K (filing date: 2014-02-19).

2017 Calculations

Ratio	Description	The company
Cash conversion cycle	A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period.	Eli Lilly & Co.’s cash conversion cycle improved from 2015 to 2016 but then deteriorated significantly from 2016 to 2017.