Stock Analysis on Net

Ford Motor Co. (NYSE:F)

Analysis of Long-term (Investment) Activity Ratios

Microsoft Excel

Long-term Activity Ratios (Summary)

Ford Motor Co., long-term (investment) activity ratios

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net fixed asset turnover 4.06 4.00 3.40 3.13 3.94
Net fixed asset turnover (including operating lease, right-of-use asset) 3.89 3.85 3.28 3.02 3.79
Total asset turnover 0.61 0.58 0.49 0.43 0.56
Equity turnover 3.88 3.45 2.60 3.78 4.33

Based on: 10-K (reporting date: 2023-12-31), 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).

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 2021 to 2022 and from 2022 to 2023.
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 2021 to 2022 and from 2022 to 2023.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Ford Motor Co. total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Ford Motor Co. equity turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Net Fixed Asset Turnover

Ford Motor Co., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Company revenues excluding Ford Credit 165,901 149,079 126,268 115,941 143,640
Net property 40,821 37,265 37,139 37,083 36,469
Long-term Activity Ratio
Net fixed asset turnover1 4.06 4.00 3.40 3.13 3.94
Benchmarks
Net Fixed Asset Turnover, Competitors2
General Motors Co. 3.13 3.18 2.76 2.89 3.17
Tesla Inc. 3.26 3.46 2.85 2.47 2.36
Net Fixed Asset Turnover, Sector
Automobiles & Components 3.48 3.53 3.02 2.93 3.40
Net Fixed Asset Turnover, Industry
Consumer Discretionary 3.50 3.47 3.31 3.37 3.71

Based on: 10-K (reporting date: 2023-12-31), 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).

1 2023 Calculation
Net fixed asset turnover = Company revenues excluding Ford Credit ÷ Net property
= 165,901 ÷ 40,821 = 4.06

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 2021 to 2022 and from 2022 to 2023.

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

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Company revenues excluding Ford Credit 165,901 149,079 126,268 115,941 143,640
 
Net property 40,821 37,265 37,139 37,083 36,469
Operating lease right-of-use assets (included in Other assets) 1,833 1,447 1,337 1,287 1,415
Net property (including operating lease, right-of-use asset) 42,654 38,712 38,476 38,370 37,884
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 3.89 3.85 3.28 3.02 3.79
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
General Motors Co. 3.07 3.11 2.69 2.81 3.08
Tesla Inc. 2.85 3.12 2.58 2.20 2.12
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Automobiles & Components 3.29 3.37 2.89 2.81 3.26
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Consumer Discretionary 2.68 2.66 2.51 2.57 3.13

Based on: 10-K (reporting date: 2023-12-31), 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).

1 2023 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Company revenues excluding Ford Credit ÷ Net property (including operating lease, right-of-use asset)
= 165,901 ÷ 42,654 = 3.89

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 2021 to 2022 and from 2022 to 2023.

Total Asset Turnover

Ford Motor Co., total asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Company revenues excluding Ford Credit 165,901 149,079 126,268 115,941 143,640
Total assets 273,310 255,884 257,035 267,261 258,537
Long-term Activity Ratio
Total asset turnover1 0.61 0.58 0.49 0.43 0.56
Benchmarks
Total Asset Turnover, Competitors2
General Motors Co. 0.58 0.55 0.46 0.46 0.54
Tesla Inc. 0.91 0.99 0.87 0.60 0.72
Total Asset Turnover, Sector
Automobiles & Components 0.64 0.62 0.52 0.46 0.56
Total Asset Turnover, Industry
Consumer Discretionary 0.97 0.96 0.88 0.84 0.94

Based on: 10-K (reporting date: 2023-12-31), 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).

1 2023 Calculation
Total asset turnover = Company revenues excluding Ford Credit ÷ Total assets
= 165,901 ÷ 273,310 = 0.61

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 2021 to 2022 and from 2022 to 2023.

Equity Turnover

Ford Motor Co., equity turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Company revenues excluding Ford Credit 165,901 149,079 126,268 115,941 143,640
Equity attributable to Ford Motor Company 42,773 43,242 48,519 30,690 33,185
Long-term Activity Ratio
Equity turnover1 3.88 3.45 2.60 3.78 4.33
Benchmarks
Equity Turnover, Competitors2
General Motors Co. 2.45 2.12 1.90 2.41 2.94
Tesla Inc. 1.55 1.82 1.78 1.42 3.71
Equity Turnover, Sector
Automobiles & Components 2.48 2.40 2.12 2.62 3.57
Equity Turnover, Industry
Consumer Discretionary 3.86 4.21 3.74 4.82 5.84

Based on: 10-K (reporting date: 2023-12-31), 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).

1 2023 Calculation
Equity turnover = Company revenues excluding Ford Credit ÷ Equity attributable to Ford Motor Company
= 165,901 ÷ 42,773 = 3.88

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 improved from 2021 to 2022 and from 2022 to 2023.