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

Long-term Activity Ratios (Summary)
Net Fixed Asset Turnover
Total Asset Turnover
Equity Turnover

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

		Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015	Sep 30, 2015	Jun 30, 2015	Mar 31, 2015	Dec 31, 2014	Sep 30, 2014	Jun 30, 2014	Mar 31, 2014	Dec 31, 2013
	Net fixed asset turnover
	Total asset turnover
	Equity turnover

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 Q2 2019 to Q3 2019 but then slightly deteriorated from Q3 2019 to Q4 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 Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019.
Equity turnover	An activity ratio calculated as total revenue divided by shareholders’ equity.	Emerson Electric Co.’s equity turnover ratio deteriorated from Q2 2019 to Q3 2019 but then improved from Q3 2019 to Q4 2019 exceeding Q2 2019 level.

Emerson Electric Co., net fixed asset turnover calculation (quarterly data)

		Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015	Sep 30, 2015	Jun 30, 2015	Mar 31, 2015	Dec 31, 2014	Sep 30, 2014	Jun 30, 2014	Mar 31, 2014	Dec 31, 2013
	Selected Financial Data (US$ in millions)
	Net sales
	Property, plant and equipment, net
	Long-term Activity Ratio
	Net fixed asset turnover¹

¹ Q4 2019 Calculation
Net fixed asset turnover = (Net sales_{Q4 2019} + Net sales_{Q3 2019} + Net sales_{Q2 2019} + Net sales_{Q1 2019}) ÷ Property, plant and equipment, net
= ( hidden + hidden + hidden + hidden ) ÷ hidden = hidden

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 Q2 2019 to Q3 2019 but then slightly deteriorated from Q3 2019 to Q4 2019.

Emerson Electric Co., total asset turnover calculation (quarterly data)

		Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015	Sep 30, 2015	Jun 30, 2015	Mar 31, 2015	Dec 31, 2014	Sep 30, 2014	Jun 30, 2014	Mar 31, 2014	Dec 31, 2013
	Selected Financial Data (US$ in millions)
	Net sales
	Total assets
	Long-term Activity Ratio
	Total asset turnover¹

¹ Q4 2019 Calculation
Total asset turnover = (Net sales_{Q4 2019} + Net sales_{Q3 2019} + Net sales_{Q2 2019} + Net sales_{Q1 2019}) ÷ Total assets
= ( hidden + hidden + hidden + hidden ) ÷ hidden = hidden

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 Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019.

Emerson Electric Co., equity turnover calculation (quarterly data)

		Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015	Sep 30, 2015	Jun 30, 2015	Mar 31, 2015	Dec 31, 2014	Sep 30, 2014	Jun 30, 2014	Mar 31, 2014	Dec 31, 2013
	Selected Financial Data (US$ in millions)
	Net sales
	Common stockholders’ equity
	Long-term Activity Ratio
	Equity turnover¹

¹ Q4 2019 Calculation
Equity turnover = (Net sales_{Q4 2019} + Net sales_{Q3 2019} + Net sales_{Q2 2019} + Net sales_{Q1 2019}) ÷ Common stockholders’ equity
= ( hidden + hidden + hidden + hidden ) ÷ hidden = hidden

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 deteriorated from Q2 2019 to Q3 2019 but then improved from Q3 2019 to Q4 2019 exceeding Q2 2019 level.

	Emerson Electric Co.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
Analysis of Financial Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis of Components of Financial Statements
Financial Reporting Quality

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Financial Statements
Common-Size Financial Statements
Analysis of Financial Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
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Long-term Trends
Analysis of Components of Financial Statements
Financial Reporting Quality

Emerson Electric Co. (EMR)

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

Long-term Activity Ratios (Summary)

Net Fixed Asset Turnover

Total Asset Turnover

Equity Turnover