Paying users zone. Data is hidden behind 
.
Get 1-month access to FedEx Corp. for $13.99, or
get full access to the entire website for at least 3 months from $49.99.
We accept:
This is a one-time payment. There is no automatic renewal.
FedEx Corp. (FDX)
Analysis of Short-term (Operating) Activity Ratios
Quarterly Data
Beginner level
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Short-term Activity Ratios (Summary)
FedEx Corp., short-term (operating) activity ratios (quarterly data)
Based on: 10-Q (filing date: 2019-12-17), 10-Q (filing date: 2019-09-17), 10-K (filing date: 2019-07-16), 10-Q (filing date: 2019-03-19), 10-Q (filing date: 2018-12-18), 10-Q (filing date: 2018-09-17), 10-K (filing date: 2018-07-16), 10-Q (filing date: 2018-03-21), 10-Q (filing date: 2017-12-20), 10-Q (filing date: 2017-09-20), 10-K (filing date: 2017-07-17), 10-Q (filing date: 2017-03-22), 10-Q (filing date: 2016-12-21), 10-Q (filing date: 2016-09-21), 10-K (filing date: 2016-07-18), 10-Q (filing date: 2016-03-17), 10-Q (filing date: 2015-12-17), 10-Q (filing date: 2015-09-17), 10-K (filing date: 2015-07-14), 10-Q (filing date: 2015-03-19), 10-Q (filing date: 2014-12-18), 10-Q (filing date: 2014-09-18), 10-K (filing date: 2014-07-14), 10-Q (filing date: 2014-03-20), 10-Q (filing date: 2013-12-19), 10-Q (filing date: 2013-09-19).
| Short-term activity ratio | Description | The company |
|---|---|---|
| Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | FedEx Corp.’s inventory turnover ratio deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020. |
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | FedEx Corp.’s receivables turnover ratio deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020. |
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | FedEx Corp.’s payables turnover ratio decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020. |
| Working capital turnover | An activity ratio calculated as revenue divided by working capital. | FedEx Corp.’s working capital turnover ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020. |
| Short-term activity 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. | |
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | FedEx Corp.’s number of days of receivables outstanding deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020. |
| Operating cycle | Equal to average inventory processing period plus average receivables collection period. | FedEx Corp.’s operating cycle deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020. |
| 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. | FedEx Corp.’s number of days of payables outstanding increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020. |
| 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. |
Inventory Turnover
FedEx Corp., inventory turnover calculation (quarterly data)
| Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | Feb 28, 2019 | Nov 30, 2018 | Aug 31, 2018 | May 31, 2018 | Feb 28, 2018 | Nov 30, 2017 | Aug 31, 2017 | May 31, 2017 | Feb 28, 2017 | Nov 30, 2016 | Aug 31, 2016 | May 31, 2016 | Feb 29, 2016 | Nov 30, 2015 | Aug 31, 2015 | May 31, 2015 | Feb 28, 2015 | Nov 30, 2014 | Aug 31, 2014 | May 31, 2014 | Feb 28, 2014 | Nov 30, 2013 | Aug 31, 2013 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||
| Cost of revenue | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Spare parts, supplies and fuel, less allowances | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-term Activity Ratio | |||||||||||||||||||||||||||
| Inventory turnover1 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Benchmarks | |||||||||||||||||||||||||||
| Inventory Turnover, Competitors2 | |||||||||||||||||||||||||||
| CSX Corp. | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Union Pacific Corp. | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Based on: 10-Q (filing date: 2019-12-17), 10-Q (filing date: 2019-09-17), 10-K (filing date: 2019-07-16), 10-Q (filing date: 2019-03-19), 10-Q (filing date: 2018-12-18), 10-Q (filing date: 2018-09-17), 10-K (filing date: 2018-07-16), 10-Q (filing date: 2018-03-21), 10-Q (filing date: 2017-12-20), 10-Q (filing date: 2017-09-20), 10-K (filing date: 2017-07-17), 10-Q (filing date: 2017-03-22), 10-Q (filing date: 2016-12-21), 10-Q (filing date: 2016-09-21), 10-K (filing date: 2016-07-18), 10-Q (filing date: 2016-03-17), 10-Q (filing date: 2015-12-17), 10-Q (filing date: 2015-09-17), 10-K (filing date: 2015-07-14), 10-Q (filing date: 2015-03-19), 10-Q (filing date: 2014-12-18), 10-Q (filing date: 2014-09-18), 10-K (filing date: 2014-07-14), 10-Q (filing date: 2014-03-20), 10-Q (filing date: 2013-12-19), 10-Q (filing date: 2013-09-19).
1 Q2 2020 Calculation
Inventory turnover
= (Cost of revenueQ2 2020
+ Cost of revenueQ1 2020
+ Cost of revenueQ4 2019
+ Cost of revenueQ3 2019)
÷ Spare parts, supplies and fuel, less allowances
= ( + + + )
÷ =
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | FedEx Corp.’s inventory turnover ratio deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020. |
Receivables Turnover
FedEx Corp., receivables turnover calculation (quarterly data)
| Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | Feb 28, 2019 | Nov 30, 2018 | Aug 31, 2018 | May 31, 2018 | Feb 28, 2018 | Nov 30, 2017 | Aug 31, 2017 | May 31, 2017 | Feb 28, 2017 | Nov 30, 2016 | Aug 31, 2016 | May 31, 2016 | Feb 29, 2016 | Nov 30, 2015 | Aug 31, 2015 | May 31, 2015 | Feb 28, 2015 | Nov 30, 2014 | Aug 31, 2014 | May 31, 2014 | Feb 28, 2014 | Nov 30, 2013 | Aug 31, 2013 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||
| Revenues | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Receivables, less allowances | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-term Activity Ratio | |||||||||||||||||||||||||||
| Receivables turnover1 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Benchmarks | |||||||||||||||||||||||||||
| Receivables Turnover, Competitors2 | |||||||||||||||||||||||||||
| CSX Corp. | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Union Pacific Corp. | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| United Parcel Service Inc. | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Based on: 10-Q (filing date: 2019-12-17), 10-Q (filing date: 2019-09-17), 10-K (filing date: 2019-07-16), 10-Q (filing date: 2019-03-19), 10-Q (filing date: 2018-12-18), 10-Q (filing date: 2018-09-17), 10-K (filing date: 2018-07-16), 10-Q (filing date: 2018-03-21), 10-Q (filing date: 2017-12-20), 10-Q (filing date: 2017-09-20), 10-K (filing date: 2017-07-17), 10-Q (filing date: 2017-03-22), 10-Q (filing date: 2016-12-21), 10-Q (filing date: 2016-09-21), 10-K (filing date: 2016-07-18), 10-Q (filing date: 2016-03-17), 10-Q (filing date: 2015-12-17), 10-Q (filing date: 2015-09-17), 10-K (filing date: 2015-07-14), 10-Q (filing date: 2015-03-19), 10-Q (filing date: 2014-12-18), 10-Q (filing date: 2014-09-18), 10-K (filing date: 2014-07-14), 10-Q (filing date: 2014-03-20), 10-Q (filing date: 2013-12-19), 10-Q (filing date: 2013-09-19).
1 Q2 2020 Calculation
Receivables turnover
= (RevenuesQ2 2020
+ RevenuesQ1 2020
+ RevenuesQ4 2019
+ RevenuesQ3 2019)
÷ Receivables, less allowances
= ( + + + )
÷ =
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | FedEx Corp.’s receivables turnover ratio deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020. |
Payables Turnover
FedEx Corp., payables turnover calculation (quarterly data)
| Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | Feb 28, 2019 | Nov 30, 2018 | Aug 31, 2018 | May 31, 2018 | Feb 28, 2018 | Nov 30, 2017 | Aug 31, 2017 | May 31, 2017 | Feb 28, 2017 | Nov 30, 2016 | Aug 31, 2016 | May 31, 2016 | Feb 29, 2016 | Nov 30, 2015 | Aug 31, 2015 | May 31, 2015 | Feb 28, 2015 | Nov 30, 2014 | Aug 31, 2014 | May 31, 2014 | Feb 28, 2014 | Nov 30, 2013 | Aug 31, 2013 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||
| Cost of revenue | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accounts payable | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-term Activity Ratio | |||||||||||||||||||||||||||
| Payables turnover1 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Benchmarks | |||||||||||||||||||||||||||
| Payables Turnover, Competitors2 | |||||||||||||||||||||||||||
| CSX Corp. | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| United Parcel Service Inc. | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Based on: 10-Q (filing date: 2019-12-17), 10-Q (filing date: 2019-09-17), 10-K (filing date: 2019-07-16), 10-Q (filing date: 2019-03-19), 10-Q (filing date: 2018-12-18), 10-Q (filing date: 2018-09-17), 10-K (filing date: 2018-07-16), 10-Q (filing date: 2018-03-21), 10-Q (filing date: 2017-12-20), 10-Q (filing date: 2017-09-20), 10-K (filing date: 2017-07-17), 10-Q (filing date: 2017-03-22), 10-Q (filing date: 2016-12-21), 10-Q (filing date: 2016-09-21), 10-K (filing date: 2016-07-18), 10-Q (filing date: 2016-03-17), 10-Q (filing date: 2015-12-17), 10-Q (filing date: 2015-09-17), 10-K (filing date: 2015-07-14), 10-Q (filing date: 2015-03-19), 10-Q (filing date: 2014-12-18), 10-Q (filing date: 2014-09-18), 10-K (filing date: 2014-07-14), 10-Q (filing date: 2014-03-20), 10-Q (filing date: 2013-12-19), 10-Q (filing date: 2013-09-19).
1 Q2 2020 Calculation
Payables turnover
= (Cost of revenueQ2 2020
+ Cost of revenueQ1 2020
+ Cost of revenueQ4 2019
+ Cost of revenueQ3 2019)
÷ Accounts payable
= ( + + + )
÷ =
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | FedEx Corp.’s payables turnover ratio decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020. |
Working Capital Turnover
FedEx Corp., working capital turnover calculation (quarterly data)
| Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | Feb 28, 2019 | Nov 30, 2018 | Aug 31, 2018 | May 31, 2018 | Feb 28, 2018 | Nov 30, 2017 | Aug 31, 2017 | May 31, 2017 | Feb 28, 2017 | Nov 30, 2016 | Aug 31, 2016 | May 31, 2016 | Feb 29, 2016 | Nov 30, 2015 | Aug 31, 2015 | May 31, 2015 | Feb 28, 2015 | Nov 30, 2014 | Aug 31, 2014 | May 31, 2014 | Feb 28, 2014 | Nov 30, 2013 | Aug 31, 2013 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||
| Current assets | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Less: Current liabilities | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Working capital | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-term Activity Ratio | |||||||||||||||||||||||||||
| Working capital turnover1 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Benchmarks | |||||||||||||||||||||||||||
| Working Capital Turnover, Competitors2 | |||||||||||||||||||||||||||
| CSX Corp. | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Union Pacific Corp. | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| United Parcel Service Inc. | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Based on: 10-Q (filing date: 2019-12-17), 10-Q (filing date: 2019-09-17), 10-K (filing date: 2019-07-16), 10-Q (filing date: 2019-03-19), 10-Q (filing date: 2018-12-18), 10-Q (filing date: 2018-09-17), 10-K (filing date: 2018-07-16), 10-Q (filing date: 2018-03-21), 10-Q (filing date: 2017-12-20), 10-Q (filing date: 2017-09-20), 10-K (filing date: 2017-07-17), 10-Q (filing date: 2017-03-22), 10-Q (filing date: 2016-12-21), 10-Q (filing date: 2016-09-21), 10-K (filing date: 2016-07-18), 10-Q (filing date: 2016-03-17), 10-Q (filing date: 2015-12-17), 10-Q (filing date: 2015-09-17), 10-K (filing date: 2015-07-14), 10-Q (filing date: 2015-03-19), 10-Q (filing date: 2014-12-18), 10-Q (filing date: 2014-09-18), 10-K (filing date: 2014-07-14), 10-Q (filing date: 2014-03-20), 10-Q (filing date: 2013-12-19), 10-Q (filing date: 2013-09-19).
1 Q2 2020 Calculation
Working capital turnover
= (RevenuesQ2 2020
+ RevenuesQ1 2020
+ RevenuesQ4 2019
+ RevenuesQ3 2019)
÷ Working capital
= ( + + + )
÷ =
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Working capital turnover | An activity ratio calculated as revenue divided by working capital. | FedEx Corp.’s working capital turnover ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020. |
Average Inventory Processing Period
FedEx Corp., average inventory processing period calculation (quarterly data)
| Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | Feb 28, 2019 | Nov 30, 2018 | Aug 31, 2018 | May 31, 2018 | Feb 28, 2018 | Nov 30, 2017 | Aug 31, 2017 | May 31, 2017 | Feb 28, 2017 | Nov 30, 2016 | Aug 31, 2016 | May 31, 2016 | Feb 29, 2016 | Nov 30, 2015 | Aug 31, 2015 | May 31, 2015 | Feb 28, 2015 | Nov 30, 2014 | Aug 31, 2014 | May 31, 2014 | Feb 28, 2014 | Nov 30, 2013 | Aug 31, 2013 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||||||||||||||||||||||
| Inventory turnover | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-term Activity Ratio (no. days) | |||||||||||||||||||||||||||
| Average inventory processing period1 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Benchmarks (no. days) | |||||||||||||||||||||||||||
| Average Inventory Processing Period, Competitors2 | |||||||||||||||||||||||||||
| CSX Corp. | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Union Pacific Corp. | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Based on: 10-Q (filing date: 2019-12-17), 10-Q (filing date: 2019-09-17), 10-K (filing date: 2019-07-16), 10-Q (filing date: 2019-03-19), 10-Q (filing date: 2018-12-18), 10-Q (filing date: 2018-09-17), 10-K (filing date: 2018-07-16), 10-Q (filing date: 2018-03-21), 10-Q (filing date: 2017-12-20), 10-Q (filing date: 2017-09-20), 10-K (filing date: 2017-07-17), 10-Q (filing date: 2017-03-22), 10-Q (filing date: 2016-12-21), 10-Q (filing date: 2016-09-21), 10-K (filing date: 2016-07-18), 10-Q (filing date: 2016-03-17), 10-Q (filing date: 2015-12-17), 10-Q (filing date: 2015-09-17), 10-K (filing date: 2015-07-14), 10-Q (filing date: 2015-03-19), 10-Q (filing date: 2014-12-18), 10-Q (filing date: 2014-09-18), 10-K (filing date: 2014-07-14), 10-Q (filing date: 2014-03-20), 10-Q (filing date: 2013-12-19), 10-Q (filing date: 2013-09-19).
1 Q2 2020 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ =
2 Click competitor name to see calculations.
| Short-term activity 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. |
Average Receivable Collection Period
FedEx Corp., average receivable collection period calculation (quarterly data)
| Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | Feb 28, 2019 | Nov 30, 2018 | Aug 31, 2018 | May 31, 2018 | Feb 28, 2018 | Nov 30, 2017 | Aug 31, 2017 | May 31, 2017 | Feb 28, 2017 | Nov 30, 2016 | Aug 31, 2016 | May 31, 2016 | Feb 29, 2016 | Nov 30, 2015 | Aug 31, 2015 | May 31, 2015 | Feb 28, 2015 | Nov 30, 2014 | Aug 31, 2014 | May 31, 2014 | Feb 28, 2014 | Nov 30, 2013 | Aug 31, 2013 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||||||||||||||||||||||
| Receivables turnover | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-term Activity Ratio (no. days) | |||||||||||||||||||||||||||
| Average receivable collection period1 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Benchmarks (no. days) | |||||||||||||||||||||||||||
| Average Receivable Collection Period, Competitors2 | |||||||||||||||||||||||||||
| CSX Corp. | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Union Pacific Corp. | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| United Parcel Service Inc. | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Based on: 10-Q (filing date: 2019-12-17), 10-Q (filing date: 2019-09-17), 10-K (filing date: 2019-07-16), 10-Q (filing date: 2019-03-19), 10-Q (filing date: 2018-12-18), 10-Q (filing date: 2018-09-17), 10-K (filing date: 2018-07-16), 10-Q (filing date: 2018-03-21), 10-Q (filing date: 2017-12-20), 10-Q (filing date: 2017-09-20), 10-K (filing date: 2017-07-17), 10-Q (filing date: 2017-03-22), 10-Q (filing date: 2016-12-21), 10-Q (filing date: 2016-09-21), 10-K (filing date: 2016-07-18), 10-Q (filing date: 2016-03-17), 10-Q (filing date: 2015-12-17), 10-Q (filing date: 2015-09-17), 10-K (filing date: 2015-07-14), 10-Q (filing date: 2015-03-19), 10-Q (filing date: 2014-12-18), 10-Q (filing date: 2014-09-18), 10-K (filing date: 2014-07-14), 10-Q (filing date: 2014-03-20), 10-Q (filing date: 2013-12-19), 10-Q (filing date: 2013-09-19).
1 Q2 2020 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ =
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | FedEx Corp.’s number of days of receivables outstanding deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020. |
Operating Cycle
FedEx Corp., operating cycle calculation (quarterly data)
No. days
| Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | Feb 28, 2019 | Nov 30, 2018 | Aug 31, 2018 | May 31, 2018 | Feb 28, 2018 | Nov 30, 2017 | Aug 31, 2017 | May 31, 2017 | Feb 28, 2017 | Nov 30, 2016 | Aug 31, 2016 | May 31, 2016 | Feb 29, 2016 | Nov 30, 2015 | Aug 31, 2015 | May 31, 2015 | Feb 28, 2015 | Nov 30, 2014 | Aug 31, 2014 | May 31, 2014 | Feb 28, 2014 | Nov 30, 2013 | Aug 31, 2013 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||||||||||||||||||||||
| Average inventory processing period | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Average receivable collection period | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-term Activity Ratio | |||||||||||||||||||||||||||
| Operating cycle1 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Benchmarks | |||||||||||||||||||||||||||
| Operating Cycle, Competitors2 | |||||||||||||||||||||||||||
| CSX Corp. | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Union Pacific Corp. | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Based on: 10-Q (filing date: 2019-12-17), 10-Q (filing date: 2019-09-17), 10-K (filing date: 2019-07-16), 10-Q (filing date: 2019-03-19), 10-Q (filing date: 2018-12-18), 10-Q (filing date: 2018-09-17), 10-K (filing date: 2018-07-16), 10-Q (filing date: 2018-03-21), 10-Q (filing date: 2017-12-20), 10-Q (filing date: 2017-09-20), 10-K (filing date: 2017-07-17), 10-Q (filing date: 2017-03-22), 10-Q (filing date: 2016-12-21), 10-Q (filing date: 2016-09-21), 10-K (filing date: 2016-07-18), 10-Q (filing date: 2016-03-17), 10-Q (filing date: 2015-12-17), 10-Q (filing date: 2015-09-17), 10-K (filing date: 2015-07-14), 10-Q (filing date: 2015-03-19), 10-Q (filing date: 2014-12-18), 10-Q (filing date: 2014-09-18), 10-K (filing date: 2014-07-14), 10-Q (filing date: 2014-03-20), 10-Q (filing date: 2013-12-19), 10-Q (filing date: 2013-09-19).
1 Q2 2020 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= + =
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Operating cycle | Equal to average inventory processing period plus average receivables collection period. | FedEx Corp.’s operating cycle deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020. |
Average Payables Payment Period
FedEx Corp., average payables payment period calculation (quarterly data)
| Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | Feb 28, 2019 | Nov 30, 2018 | Aug 31, 2018 | May 31, 2018 | Feb 28, 2018 | Nov 30, 2017 | Aug 31, 2017 | May 31, 2017 | Feb 28, 2017 | Nov 30, 2016 | Aug 31, 2016 | May 31, 2016 | Feb 29, 2016 | Nov 30, 2015 | Aug 31, 2015 | May 31, 2015 | Feb 28, 2015 | Nov 30, 2014 | Aug 31, 2014 | May 31, 2014 | Feb 28, 2014 | Nov 30, 2013 | Aug 31, 2013 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||||||||||||||||||||||
| Payables turnover | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-term Activity Ratio (no. days) | |||||||||||||||||||||||||||
| Average payables payment period1 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Benchmarks (no. days) | |||||||||||||||||||||||||||
| Average Payables Payment Period, Competitors2 | |||||||||||||||||||||||||||
| CSX Corp. | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| United Parcel Service Inc. | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Based on: 10-Q (filing date: 2019-12-17), 10-Q (filing date: 2019-09-17), 10-K (filing date: 2019-07-16), 10-Q (filing date: 2019-03-19), 10-Q (filing date: 2018-12-18), 10-Q (filing date: 2018-09-17), 10-K (filing date: 2018-07-16), 10-Q (filing date: 2018-03-21), 10-Q (filing date: 2017-12-20), 10-Q (filing date: 2017-09-20), 10-K (filing date: 2017-07-17), 10-Q (filing date: 2017-03-22), 10-Q (filing date: 2016-12-21), 10-Q (filing date: 2016-09-21), 10-K (filing date: 2016-07-18), 10-Q (filing date: 2016-03-17), 10-Q (filing date: 2015-12-17), 10-Q (filing date: 2015-09-17), 10-K (filing date: 2015-07-14), 10-Q (filing date: 2015-03-19), 10-Q (filing date: 2014-12-18), 10-Q (filing date: 2014-09-18), 10-K (filing date: 2014-07-14), 10-Q (filing date: 2014-03-20), 10-Q (filing date: 2013-12-19), 10-Q (filing date: 2013-09-19).
1 Q2 2020 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ =
2 Click competitor name to see calculations.
| Short-term activity 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. | FedEx Corp.’s number of days of payables outstanding increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020. |
Cash Conversion Cycle
FedEx Corp., cash conversion cycle calculation (quarterly data)
No. days
| Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | Feb 28, 2019 | Nov 30, 2018 | Aug 31, 2018 | May 31, 2018 | Feb 28, 2018 | Nov 30, 2017 | Aug 31, 2017 | May 31, 2017 | Feb 28, 2017 | Nov 30, 2016 | Aug 31, 2016 | May 31, 2016 | Feb 29, 2016 | Nov 30, 2015 | Aug 31, 2015 | May 31, 2015 | Feb 28, 2015 | Nov 30, 2014 | Aug 31, 2014 | May 31, 2014 | Feb 28, 2014 | Nov 30, 2013 | Aug 31, 2013 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||||||||||||||||||||||
| Average inventory processing period | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Average receivable collection period | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Average payables payment period | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-term Activity Ratio | |||||||||||||||||||||||||||
| Cash conversion cycle1 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Benchmarks | |||||||||||||||||||||||||||
| Cash Conversion Cycle, Competitors2 | |||||||||||||||||||||||||||
| CSX Corp. | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Based on: 10-Q (filing date: 2019-12-17), 10-Q (filing date: 2019-09-17), 10-K (filing date: 2019-07-16), 10-Q (filing date: 2019-03-19), 10-Q (filing date: 2018-12-18), 10-Q (filing date: 2018-09-17), 10-K (filing date: 2018-07-16), 10-Q (filing date: 2018-03-21), 10-Q (filing date: 2017-12-20), 10-Q (filing date: 2017-09-20), 10-K (filing date: 2017-07-17), 10-Q (filing date: 2017-03-22), 10-Q (filing date: 2016-12-21), 10-Q (filing date: 2016-09-21), 10-K (filing date: 2016-07-18), 10-Q (filing date: 2016-03-17), 10-Q (filing date: 2015-12-17), 10-Q (filing date: 2015-09-17), 10-K (filing date: 2015-07-14), 10-Q (filing date: 2015-03-19), 10-Q (filing date: 2014-12-18), 10-Q (filing date: 2014-09-18), 10-K (filing date: 2014-07-14), 10-Q (filing date: 2014-03-20), 10-Q (filing date: 2013-12-19), 10-Q (filing date: 2013-09-19).
1 Q2 2020 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= + – =
2 Click competitor name to see calculations.
| Short-term activity 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. |