Analysis of Long-term (Investment) Activity Ratios
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)
Ford Motor Co., long-term (investment) activity ratios
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Ford Motor Co. net fixed asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Ford Motor Co. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2020 to 2021 and from 2021 to 2022. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Ford Motor Co. total asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Ford Motor Co. equity turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 not reaching 2020 level. |
Net Fixed Asset Turnover
Ford Motor Co., net fixed asset turnover calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Automotive revenues | 148,980) | 126,150) | 115,885) | 143,599) | 148,294) | |
| Net property | 37,265) | 37,139) | 37,083) | 36,469) | 36,178) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover1 | 4.00 | 3.40 | 3.13 | 3.94 | 4.10 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||
| General Motors Co. | 3.18 | 2.76 | 2.89 | 3.17 | 3.43 | |
| Tesla Inc. | 3.46 | 2.85 | 2.47 | 2.36 | 1.89 | |
| Net Fixed Asset Turnover, Sector | ||||||
| Automobiles & Components | 3.53 | 3.02 | 2.93 | 3.40 | 3.51 | |
| Net Fixed Asset Turnover, Industry | ||||||
| Consumer Discretionary | 3.17 | 3.00 | 2.95 | 3.23 | 3.19 | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Net fixed asset turnover = Automotive revenues ÷ Net property
= 148,980 ÷ 37,265 = 4.00
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. | Ford Motor Co. net fixed asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Ford Motor Co., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Automotive revenues | 148,980) | 126,150) | 115,885) | 143,599) | 148,294) | |
| Net property | 37,265) | 37,139) | 37,083) | 36,469) | 36,178) | |
| Operating lease right-of-use assets (included in Other assets) | 1,447) | 1,337) | 1,287) | 1,415) | —) | |
| Net property (including operating lease, right-of-use asset) | 38,712) | 38,476) | 38,370) | 37,884) | 36,178) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 3.85 | 3.28 | 3.02 | 3.79 | 4.10 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | ||||||
| General Motors Co. | 3.11 | 2.69 | 2.81 | 3.08 | 3.43 | |
| Tesla Inc. | 3.12 | 2.58 | 2.20 | 2.12 | 1.89 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | ||||||
| Automobiles & Components | 3.37 | 2.89 | 2.80 | 3.26 | 3.51 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | ||||||
| Consumer Discretionary | 2.50 | 2.37 | 2.35 | 2.81 | 3.19 | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Automotive revenues ÷ Net property (including operating lease, right-of-use asset)
= 148,980 ÷ 38,712 = 3.85
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Ford Motor Co. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2020 to 2021 and from 2021 to 2022. |
Total Asset Turnover
Ford Motor Co., total asset turnover calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Automotive revenues | 148,980) | 126,150) | 115,885) | 143,599) | 148,294) | |
| Total assets | 255,884) | 257,035) | 267,261) | 258,537) | 256,540) | |
| Long-term Activity Ratio | ||||||
| Total asset turnover1 | 0.58 | 0.49 | 0.43 | 0.56 | 0.58 | |
| Benchmarks | ||||||
| Total Asset Turnover, Competitors2 | ||||||
| General Motors Co. | 0.55 | 0.46 | 0.46 | 0.54 | 0.59 | |
| Tesla Inc. | 0.99 | 0.87 | 0.60 | 0.72 | 0.72 | |
| Total Asset Turnover, Sector | ||||||
| Automobiles & Components | 0.62 | 0.52 | 0.46 | 0.56 | 0.59 | |
| Total Asset Turnover, Industry | ||||||
| Consumer Discretionary | 0.96 | 0.89 | 0.84 | 0.94 | 0.96 | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Total asset turnover = Automotive revenues ÷ Total assets
= 148,980 ÷ 255,884 = 0.58
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. | Ford Motor Co. total asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Equity Turnover
Ford Motor Co., equity turnover calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Automotive revenues | 148,980) | 126,150) | 115,885) | 143,599) | 148,294) | |
| Equity attributable to Ford Motor Company | 43,242) | 48,519) | 30,690) | 33,185) | 35,932) | |
| Long-term Activity Ratio | ||||||
| Equity turnover1 | 3.45 | 2.60 | 3.78 | 4.33 | 4.13 | |
| Benchmarks | ||||||
| Equity Turnover, Competitors2 | ||||||
| General Motors Co. | 2.12 | 1.90 | 2.41 | 2.94 | 3.42 | |
| Tesla Inc. | 1.82 | 1.78 | 1.42 | 3.71 | 4.36 | |
| Equity Turnover, Sector | ||||||
| Automobiles & Components | 2.40 | 2.12 | 2.61 | 3.56 | 3.80 | |
| Equity Turnover, Industry | ||||||
| Consumer Discretionary | 4.33 | 3.77 | 4.51 | 5.15 | 4.92 | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Equity turnover = Automotive revenues ÷ Equity attributable to Ford Motor Company
= 148,980 ÷ 43,242 = 3.45
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. | Ford Motor Co. equity turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 not reaching 2020 level. |