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

Emerson Electric Co. (NYSE:EMR)

This company was transferred to the archive: financial data is no longer updated!

Adjusted Financial Ratios

Advanced level

Adjusted Financial Ratios (Summary)

Emerson Electric Co., adjusted financial ratios

Microsoft Excel LibreOffice Calc
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
Activity Ratio
Total Asset Turnover
Reported 0.90 0.85 0.78 0.67 1.01 1.01
Adjusted 0.88 0.83 0.76 0.66 0.98 0.99
Liquidity Ratio
Current Ratio
Reported 1.19 1.07 1.64 1.24 1.29 1.29
Adjusted 1.24 1.11 1.69 1.22 1.29 1.29
Solvency Ratios
Debt to Equity
Reported 0.69 0.53 0.53 0.88 0.85 0.60
Adjusted 0.70 0.55 0.55 0.94 0.90 0.64
Debt to Capital
Reported 0.41 0.35 0.35 0.47 0.46 0.37
Adjusted 0.41 0.36 0.35 0.48 0.47 0.39
Financial Leverage
Reported 2.49 2.28 2.25 2.87 2.73 2.39
Adjusted 2.38 2.17 2.14 2.88 2.66 2.32
Profitability Ratios
Net Profit Margin
Reported 12.55% 12.66% 9.94% 11.26% 12.15% 8.75%
Adjusted 8.74% 11.44% 17.25% 8.40% 7.63% 6.80%
Return on Equity (ROE)
Reported 28.01% 24.62% 17.41% 21.60% 33.54% 21.22%
Adjusted 18.19% 20.55% 28.06% 15.96% 20.01% 15.68%
Return on Assets (ROA)
Reported 11.25% 10.80% 7.75% 7.52% 12.27% 8.88%
Adjusted 7.65% 9.47% 13.12% 5.55% 7.51% 6.76%

Based on: 10-K (filing date: 2019-11-18), 10-K (filing date: 2018-11-19), 10-K (filing date: 2017-11-20), 10-K (filing date: 2016-11-16), 10-K (filing date: 2015-11-18), 10-K (filing date: 2014-11-19).

Financial ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Emerson Electric Co.’s adjusted total asset turnover ratio improved from 2017 to 2018 and from 2018 to 2019.
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Emerson Electric Co.’s adjusted current ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Emerson Electric Co.’s adjusted debt-to-equity ratio deteriorated from 2017 to 2018 and from 2018 to 2019.
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Emerson Electric Co.’s adjusted debt-to-capital ratio deteriorated from 2017 to 2018 and from 2018 to 2019.
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.
Emerson Electric Co.’s adjusted financial leverage ratio increased from 2017 to 2018 and from 2018 to 2019.
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Emerson Electric Co.’s adjusted net profit margin ratio deteriorated from 2017 to 2018 and from 2018 to 2019.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Emerson Electric Co.’s adjusted ROE deteriorated from 2017 to 2018 and from 2018 to 2019.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Emerson Electric Co.’s adjusted ROA deteriorated from 2017 to 2018 and from 2018 to 2019.

Emerson Electric Co., Financial Ratios: Reported vs. Adjusted


Adjusted Total Asset Turnover

Microsoft Excel LibreOffice Calc
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
Reported
Selected Financial Data (US$ in millions)
Net sales 18,372  17,408  15,264  14,522  22,304  24,537 
Total assets 20,497  20,390  19,589  21,743  22,088  24,177 
Activity Ratio
Total asset turnover1 0.90 0.85 0.78 0.67 1.01 1.01
Adjusted
Selected Financial Data (US$ in millions)
Net sales 18,372  17,408  15,264  14,522  22,304  24,537 
Adjusted total assets2 20,982  21,021  20,075  21,985  22,645  24,685 
Activity Ratio
Adjusted total asset turnover3 0.88 0.83 0.76 0.66 0.98 0.99

Based on: 10-K (filing date: 2019-11-18), 10-K (filing date: 2018-11-19), 10-K (filing date: 2017-11-20), 10-K (filing date: 2016-11-16), 10-K (filing date: 2015-11-18), 10-K (filing date: 2014-11-19).

1 2019 Calculation
Total asset turnover = Net sales ÷ Total assets
= 18,372 ÷ 20,497 = 0.90

2 Adjusted total assets. See details »

3 2019 Calculation
Adjusted total asset turnover = Net sales ÷ Adjusted total assets
= 18,372 ÷ 20,982 = 0.88

Activity ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Emerson Electric Co.’s adjusted total asset turnover ratio improved from 2017 to 2018 and from 2018 to 2019.

Adjusted Current Ratio

Microsoft Excel LibreOffice Calc
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
Reported
Selected Financial Data (US$ in millions)
Current assets 7,139  6,619  8,252  9,960  10,049  10,867 
Current liabilities 5,976  6,164  5,045  8,008  7,800  8,454 
Liquidity Ratio
Current ratio1 1.19 1.07 1.64 1.24 1.29 1.29
Adjusted
Selected Financial Data (US$ in millions)
Adjusted current assets2 7,251  6,732  8,343  9,652  9,824  10,627 
Adjusted current liabilities3 5,836  6,040  4,925  7,902  7,633  8,261 
Liquidity Ratio
Adjusted current ratio4 1.24 1.11 1.69 1.22 1.29 1.29

Based on: 10-K (filing date: 2019-11-18), 10-K (filing date: 2018-11-19), 10-K (filing date: 2017-11-20), 10-K (filing date: 2016-11-16), 10-K (filing date: 2015-11-18), 10-K (filing date: 2014-11-19).

1 2019 Calculation
Current ratio = Current assets ÷ Current liabilities
= 7,139 ÷ 5,976 = 1.19

2 Adjusted current assets. See details »

3 Adjusted current liabilities. See details »

4 2019 Calculation
Adjusted current ratio = Adjusted current assets ÷ Adjusted current liabilities
= 7,251 ÷ 5,836 = 1.24

Liquidity ratio Description The company
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Emerson Electric Co.’s adjusted current ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.

Adjusted Debt to Equity

Microsoft Excel LibreOffice Calc
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
Reported
Selected Financial Data (US$ in millions)
Total debt 5,721  4,760  4,656  6,646  6,842  6,024 
Common stockholders’ equity 8,233  8,947  8,718  7,568  8,081  10,119 
Solvency Ratio
Debt to equity1 0.69 0.53 0.53 0.88 0.85 0.60
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 6,191  5,352  5,137  7,196  7,624  6,834 
Adjusted total equity3 8,824  9,689  9,385  7,644  8,502  10,647 
Solvency Ratio
Adjusted debt to equity4 0.70 0.55 0.55 0.94 0.90 0.64

Based on: 10-K (filing date: 2019-11-18), 10-K (filing date: 2018-11-19), 10-K (filing date: 2017-11-20), 10-K (filing date: 2016-11-16), 10-K (filing date: 2015-11-18), 10-K (filing date: 2014-11-19).

1 2019 Calculation
Debt to equity = Total debt ÷ Common stockholders’ equity
= 5,721 ÷ 8,233 = 0.69

2 Adjusted total debt. See details »

3 Adjusted total equity. See details »

4 2019 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted total equity
= 6,191 ÷ 8,824 = 0.70

Solvency ratio Description The company
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Emerson Electric Co.’s adjusted debt-to-equity ratio deteriorated from 2017 to 2018 and from 2018 to 2019.

Adjusted Debt to Capital

Microsoft Excel LibreOffice Calc
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
Reported
Selected Financial Data (US$ in millions)
Total debt 5,721  4,760  4,656  6,646  6,842  6,024 
Total capital 13,954  13,707  13,374  14,214  14,923  16,143 
Solvency Ratio
Debt to capital1 0.41 0.35 0.35 0.47 0.46 0.37
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 6,191  5,352  5,137  7,196  7,624  6,834 
Adjusted total capital3 15,015  15,041  14,522  14,840  16,126  17,481 
Solvency Ratio
Adjusted debt to capital4 0.41 0.36 0.35 0.48 0.47 0.39

Based on: 10-K (filing date: 2019-11-18), 10-K (filing date: 2018-11-19), 10-K (filing date: 2017-11-20), 10-K (filing date: 2016-11-16), 10-K (filing date: 2015-11-18), 10-K (filing date: 2014-11-19).

1 2019 Calculation
Debt to capital = Total debt ÷ Total capital
= 5,721 ÷ 13,954 = 0.41

2 Adjusted total debt. See details »

3 Adjusted total capital. See details »

4 2019 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 6,191 ÷ 15,015 = 0.41

Solvency ratio Description The company
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Emerson Electric Co.’s adjusted debt-to-capital ratio deteriorated from 2017 to 2018 and from 2018 to 2019.

Adjusted Financial Leverage

Microsoft Excel LibreOffice Calc
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
Reported
Selected Financial Data (US$ in millions)
Total assets 20,497  20,390  19,589  21,743  22,088  24,177 
Common stockholders’ equity 8,233  8,947  8,718  7,568  8,081  10,119 
Solvency Ratio
Financial leverage1 2.49 2.28 2.25 2.87 2.73 2.39
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total assets2 20,982  21,021  20,075  21,985  22,645  24,685 
Adjusted total equity3 8,824  9,689  9,385  7,644  8,502  10,647 
Solvency Ratio
Adjusted financial leverage4 2.38 2.17 2.14 2.88 2.66 2.32

Based on: 10-K (filing date: 2019-11-18), 10-K (filing date: 2018-11-19), 10-K (filing date: 2017-11-20), 10-K (filing date: 2016-11-16), 10-K (filing date: 2015-11-18), 10-K (filing date: 2014-11-19).

1 2019 Calculation
Financial leverage = Total assets ÷ Common stockholders’ equity
= 20,497 ÷ 8,233 = 2.49

2 Adjusted total assets. See details »

3 Adjusted total equity. See details »

4 2019 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted total equity
= 20,982 ÷ 8,824 = 2.38

Solvency ratio Description The company
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.
Emerson Electric Co.’s adjusted financial leverage ratio increased from 2017 to 2018 and from 2018 to 2019.

Adjusted Net Profit Margin

Microsoft Excel LibreOffice Calc
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
Reported
Selected Financial Data (US$ in millions)
Net earnings common stockholders 2,306  2,203  1,518  1,635  2,710  2,147 
Net sales 18,372  17,408  15,264  14,522  22,304  24,537 
Profitability Ratio
Net profit margin1 12.55% 12.66% 9.94% 11.26% 12.15% 8.75%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net earnings2 1,605  1,991  2,633  1,220  1,701  1,669 
Net sales 18,372  17,408  15,264  14,522  22,304  24,537 
Profitability Ratio
Adjusted net profit margin3 8.74% 11.44% 17.25% 8.40% 7.63% 6.80%

Based on: 10-K (filing date: 2019-11-18), 10-K (filing date: 2018-11-19), 10-K (filing date: 2017-11-20), 10-K (filing date: 2016-11-16), 10-K (filing date: 2015-11-18), 10-K (filing date: 2014-11-19).

1 2019 Calculation
Net profit margin = 100 × Net earnings common stockholders ÷ Net sales
= 100 × 2,306 ÷ 18,372 = 12.55%

2 Adjusted net earnings. See details »

3 2019 Calculation
Adjusted net profit margin = 100 × Adjusted net earnings ÷ Net sales
= 100 × 1,605 ÷ 18,372 = 8.74%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Emerson Electric Co.’s adjusted net profit margin ratio deteriorated from 2017 to 2018 and from 2018 to 2019.

Adjusted Return on Equity (ROE)

Microsoft Excel LibreOffice Calc
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
Reported
Selected Financial Data (US$ in millions)
Net earnings common stockholders 2,306  2,203  1,518  1,635  2,710  2,147 
Common stockholders’ equity 8,233  8,947  8,718  7,568  8,081  10,119 
Profitability Ratio
ROE1 28.01% 24.62% 17.41% 21.60% 33.54% 21.22%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net earnings2 1,605  1,991  2,633  1,220  1,701  1,669 
Adjusted total equity3 8,824  9,689  9,385  7,644  8,502  10,647 
Profitability Ratio
Adjusted ROE4 18.19% 20.55% 28.06% 15.96% 20.01% 15.68%

Based on: 10-K (filing date: 2019-11-18), 10-K (filing date: 2018-11-19), 10-K (filing date: 2017-11-20), 10-K (filing date: 2016-11-16), 10-K (filing date: 2015-11-18), 10-K (filing date: 2014-11-19).

1 2019 Calculation
ROE = 100 × Net earnings common stockholders ÷ Common stockholders’ equity
= 100 × 2,306 ÷ 8,233 = 28.01%

2 Adjusted net earnings. See details »

3 Adjusted total equity. See details »

4 2019 Calculation
Adjusted ROE = 100 × Adjusted net earnings ÷ Adjusted total equity
= 100 × 1,605 ÷ 8,824 = 18.19%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Emerson Electric Co.’s adjusted ROE deteriorated from 2017 to 2018 and from 2018 to 2019.

Adjusted Return on Assets (ROA)

Microsoft Excel LibreOffice Calc
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
Reported
Selected Financial Data (US$ in millions)
Net earnings common stockholders 2,306  2,203  1,518  1,635  2,710  2,147 
Total assets 20,497  20,390  19,589  21,743  22,088  24,177 
Profitability Ratio
ROA1 11.25% 10.80% 7.75% 7.52% 12.27% 8.88%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net earnings2 1,605  1,991  2,633  1,220  1,701  1,669 
Adjusted total assets3 20,982  21,021  20,075  21,985  22,645  24,685 
Profitability Ratio
Adjusted ROA4 7.65% 9.47% 13.12% 5.55% 7.51% 6.76%

Based on: 10-K (filing date: 2019-11-18), 10-K (filing date: 2018-11-19), 10-K (filing date: 2017-11-20), 10-K (filing date: 2016-11-16), 10-K (filing date: 2015-11-18), 10-K (filing date: 2014-11-19).

1 2019 Calculation
ROA = 100 × Net earnings common stockholders ÷ Total assets
= 100 × 2,306 ÷ 20,497 = 11.25%

2 Adjusted net earnings. See details »

3 Adjusted total assets. See details »

4 2019 Calculation
Adjusted ROA = 100 × Adjusted net earnings ÷ Adjusted total assets
= 100 × 1,605 ÷ 20,982 = 7.65%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Emerson Electric Co.’s adjusted ROA deteriorated from 2017 to 2018 and from 2018 to 2019.