Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.

Emerson Electric Co., long-term (investment) activity ratios

	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017	Sep 30, 2016	Sep 30, 2015	Sep 30, 2014
Net fixed asset turnover	5.04	4.89	4.60	4.95	6.22	6.45
Total asset turnover	0.90	0.85	0.78	0.67	1.01	1.01
Equity turnover	2.23	1.95	1.75	1.92	2.76	2.42

Long-term activity ratio	Description	The company
Net fixed asset turnover	An activity ratio calculated as total revenue divided by net fixed assets.	Emerson Electric Co.’s net fixed asset turnover ratio improved from 2017 to 2018 and from 2018 to 2019.
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	Emerson Electric Co.’s total asset turnover ratio improved from 2017 to 2018 and from 2018 to 2019.
Equity turnover	An activity ratio calculated as total revenue divided by shareholders’ equity.	Emerson Electric Co.’s equity turnover ratio improved from 2017 to 2018 and from 2018 to 2019.

Emerson Electric Co., net fixed asset turnover calculation, comparison to benchmarks

	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017	Sep 30, 2016	Sep 30, 2015	Sep 30, 2014
Selected Financial Data (US$ in millions)
Net sales	18,372	17,408	15,264	14,522	22,304	24,537
Property, plant and equipment, net	3,642	3,562	3,321	2,931	3,585	3,802
Long-term Activity Ratio
Net fixed asset turnover¹	5.04	4.89	4.60	4.95	6.22	6.45
Benchmarks
Net Fixed Asset Turnover, Competitors²
3M Co.	3.44	3.75	3.57	3.54	—	—
Boeing Co.	6.12	8.00	7.37	7.38	—	—
Caterpillar Inc.	3.93	3.82	3.01	2.33	—	—
General Electric Co.	2.02	2.24	2.10	2.19	—	—
Honeywell International Inc.	6.89	7.89	6.84	6.78	—	—
Illinois Tool Works Inc.	8.16	8.25	8.05	8.23	—	—
Lockheed Martin Corp.	9.07	8.78	8.84	8.51	—	—
Northrop Grumman Corp.	4.90	4.72	6.11	6.83	—	—
Raytheon Technologies Corp.	6.04	5.41	5.87	6.25	—	—
Net Fixed Asset Turnover, Sector
Capital Goods	4.21	4.30	4.02	4.01	—	—
Net Fixed Asset Turnover, Industry
Industrials	2.22	2.35	2.26	2.22	—	—

¹ 2019 Calculation
Net fixed asset turnover = Net sales ÷ Property, plant and equipment, net
= 18,372 ÷ 3,642 = 5.04

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.	Emerson Electric Co.’s net fixed asset turnover ratio improved from 2017 to 2018 and from 2018 to 2019.

Emerson Electric Co., total asset turnover calculation, comparison to benchmarks

	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017	Sep 30, 2016	Sep 30, 2015	Sep 30, 2014
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
Long-term Activity Ratio
Total asset turnover¹	0.90	0.85	0.78	0.67	1.01	1.01
Benchmarks
Total Asset Turnover, Competitors²
3M Co.	0.72	0.90	0.83	0.92	—	—
Boeing Co.	0.57	0.86	1.01	1.05	—	—
Caterpillar Inc.	0.65	0.66	0.55	0.48	—	—
General Electric Co.	0.33	0.37	0.30	0.30	—	—
Honeywell International Inc.	0.63	0.72	0.68	0.73	—	—
Illinois Tool Works Inc.	0.94	0.99	0.85	0.89	—	—
Lockheed Martin Corp.	1.26	1.20	1.10	0.99	—	—
Northrop Grumman Corp.	0.82	0.80	0.74	0.96	—	—
Raytheon Technologies Corp.	0.55	0.50	0.62	0.64	—	—
Total Asset Turnover, Sector
Capital Goods	0.57	0.61	0.56	0.57	—	—
Total Asset Turnover, Industry
Industrials	0.61	0.65	0.61	0.60	—	—

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

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.	Emerson Electric Co.’s total asset turnover ratio improved from 2017 to 2018 and from 2018 to 2019.

Emerson Electric Co., equity turnover calculation, comparison to benchmarks

	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017	Sep 30, 2016	Sep 30, 2015	Sep 30, 2014
Selected Financial Data (US$ in millions)
Net sales	18,372	17,408	15,264	14,522	22,304	24,537
Common stockholders’ equity	8,233	8,947	8,718	7,568	8,081	10,119
Long-term Activity Ratio
Equity turnover¹	2.23	1.95	1.75	1.92	2.76	2.42
Benchmarks
Equity Turnover, Competitors²
3M Co.	3.19	3.34	2.74	2.92	—	—
Boeing Co.	—	298.31	263.08	115.75	—	—
Caterpillar Inc.	3.48	3.69	3.12	2.72	—	—
General Electric Co.	3.09	3.66	1.76	1.46	—	—
Honeywell International Inc.	1.98	2.30	2.35	2.03	—	—
Illinois Tool Works Inc.	4.66	4.54	3.12	3.20	—	—
Lockheed Martin Corp.	19.13	38.57	—	31.27	—	—
Northrop Grumman Corp.	3.84	3.68	3.66	4.66	—	—
Raytheon Technologies Corp.	1.84	1.73	2.02	2.08	—	—
Equity Turnover, Sector
Capital Goods	3.92	4.06	3.20	2.86	—	—
Equity Turnover, Industry
Industrials	3.49	3.50	2.89	2.79	—	—

¹ 2019 Calculation
Equity turnover = Net sales ÷ Common stockholders’ equity
= 18,372 ÷ 8,233 = 2.23

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.	Emerson Electric Co.’s equity turnover ratio improved from 2017 to 2018 and from 2018 to 2019.

Emerson Electric Co. (NYSE:EMR)

Analysis of Long-term (Investment) Activity Ratios