Analysis of Long-term (Investment) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Paying user area
Try for free
Generac Holdings Inc. pages available for free this week:
- Income Statement
- Statement of Comprehensive Income
- Common-Size Balance Sheet: Assets
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Present Value of Free Cash Flow to Equity (FCFE)
- Total Asset Turnover since 2010
- Price to Operating Profit (P/OP) since 2010
- Price to Sales (P/S) since 2010
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Generac Holdings Inc. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Long-term Activity Ratios (Summary)
Generac Holdings Inc., long-term (investment) activity ratios (quarterly data)
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
- Net Fixed Asset Turnover
- The net fixed asset turnover ratio demonstrates a generally upward trend over the observed periods. Starting at 7.5 in the first quarter of 2018, it fluctuates slightly but maintains a relatively stable range around 7 in 2019 and 2020. From 2021 onward, there is a noticeable increase, reaching 9.95 by mid-2022. This indicates improving efficiency in generating sales from fixed assets, suggesting enhanced utilization or increased sales without a proportional increase in fixed assets.
- Total Asset Turnover
- The total asset turnover ratio remains fairly stable overall, fluctuating modestly between 0.77 and 0.86 throughout the periods. It starts at 0.84 in early 2018, experiences minor declines towards the end of 2020 with a low of 0.77, and recovers somewhat by mid-2022 to 0.81. This stability implies consistent efficiency in utilizing total assets to generate sales, though the slight dip around 2020 could reflect asset growth or sales challenges during that time frame.
- Equity Turnover
- The equity turnover ratio exhibits a clear downward trend. Beginning at 3.05 in the first quarter of 2018, the ratio steadily decreases each period, reaching its lowest point of 1.69 by the end of 2021, with only a modest recovery to 1.83 by mid-2022. This decline suggests that the company is generating less revenue per unit of shareholder equity over time, which could be due to increased equity levels that are not matched by proportional sales growth.
Net Fixed Asset Turnover
Generac Holdings Inc., net fixed asset turnover calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||
| Net sales | ||||||||||||||||||||||||
| Property and equipment, net | ||||||||||||||||||||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||
| Net fixed asset turnover1 | ||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||||||||||||||||||||
| Boeing Co. | ||||||||||||||||||||||||
| Caterpillar Inc. | ||||||||||||||||||||||||
| Eaton Corp. plc | ||||||||||||||||||||||||
| GE Aerospace | ||||||||||||||||||||||||
| Honeywell International Inc. | ||||||||||||||||||||||||
| Lockheed Martin Corp. | ||||||||||||||||||||||||
| RTX Corp. | ||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2022 Calculation
Net fixed asset turnover
= (Net salesQ2 2022
+ Net salesQ1 2022
+ Net salesQ4 2021
+ Net salesQ3 2021)
÷ Property and equipment, net
= ( + + + )
÷ =
2 Click competitor name to see calculations.
The analysis of the financial data reveals several notable trends regarding the company's operational scale, asset base, and efficiency ratios over the observed periods.
- Net Sales
- There is a general upward trend in net sales from March 2018 through June 2022. Starting at approximately 400 million USD in the first quarter of 2018, net sales increase steadily with only a few fluctuations. A notable acceleration in sales is observed from mid-2020 onward, surging from around 475 million USD to over 1.29 billion USD by June 2022. This indicates significant growth in the company’s revenue-generating capability over the five-year timeframe.
- Property and Equipment, Net
- The net value of property and equipment shows a consistent growth pattern, increasing from roughly 232 million USD in early 2018 to approximately 446 million USD by mid-2022. This represents a near doubling of net fixed assets, illustrating continued capital investments and asset accumulation, reflecting expansion or modernization efforts.
- Net Fixed Asset Turnover
- The net fixed asset turnover ratio, which measures the efficiency with which the company generates sales from its fixed assets, fluctuates initially but demonstrates a positive trend overall. In the first quarters of 2018, the ratio was around 7.5, remaining relatively stable but gradually increasing. From mid-2020, the ratio climbed noticeably, reaching nearly 10 by June 2022. The rising turnover ratio suggests improved efficiency in utilizing fixed assets to produce sales, implying operational enhancements or better asset management.
In summary, the data indicates robust revenue growth paired with steady increases in investment in property and equipment, alongside an improving ability to generate sales from the asset base. This combination points to effective scaling activities, increased operational efficiency, and strategic asset deployment during the period analyzed.
Total Asset Turnover
Generac Holdings Inc., total asset turnover calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||
| Net sales | ||||||||||||||||||||||||
| Total assets | ||||||||||||||||||||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||
| Total asset turnover1 | ||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||
| Total Asset Turnover, Competitors2 | ||||||||||||||||||||||||
| Boeing Co. | ||||||||||||||||||||||||
| Caterpillar Inc. | ||||||||||||||||||||||||
| Eaton Corp. plc | ||||||||||||||||||||||||
| GE Aerospace | ||||||||||||||||||||||||
| Honeywell International Inc. | ||||||||||||||||||||||||
| Lockheed Martin Corp. | ||||||||||||||||||||||||
| RTX Corp. | ||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2022 Calculation
Total asset turnover
= (Net salesQ2 2022
+ Net salesQ1 2022
+ Net salesQ4 2021
+ Net salesQ3 2021)
÷ Total assets
= ( + + + )
÷ =
2 Click competitor name to see calculations.
The quarterly financial data indicate notable trends in net sales, total assets, and total asset turnover over the observed periods.
- Net Sales
- Net sales exhibit a general upward trend over the entire timeframe. Starting at approximately $400 million in the first quarter of 2018, sales increase steadily with minor fluctuations. By the end of the dataset in the second quarter of 2022, net sales have more than tripled, reaching around $1.29 billion. Seasonal or cyclical peaks appear, particularly visible with significant increments in late 2020 and throughout 2021 and 2022, indicating robust growth and possibly strong market demand or expansion during these periods.
- Total Assets
- Total assets also reflect a consistent increase from roughly $2.08 billion at the beginning of 2018 to over $5.47 billion by mid-2022. This growth denotes substantial asset accumulation and investment activity, potentially signifying capital expenditure, acquisitions, or other asset-building initiatives aligned with business expansion. The pace of increase accelerates notably from 2021 onwards, paralleling the rise in net sales, which may indicate scaling operational capacity or expanding asset base in response to growing sales volumes.
- Total Asset Turnover
- Total asset turnover, representing the efficiency of asset utilization to generate sales, remains relatively stable but shows slight variations. Values fluctuate in a narrow range between 0.77 and 0.86 throughout the periods. Initially around 0.84 in early 2018, there is a modest decline during 2020, dropping to below 0.8, suggesting a decrease in asset efficiency possibly related to operational disruptions or slower sales growth relative to asset increase during that time. However, turnover ratios recover somewhat in subsequent quarters, stabilizing near 0.8 by mid-2022, indicating maintained efficiency in converting assets into sales despite rapid asset growth.
Overall, the data demonstrate strong growth in sales and asset base with maintained asset turnover efficiency, suggesting effective management of asset expansion in alignment with sales performance.
Equity Turnover
Generac Holdings Inc., equity turnover calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||
| Net sales | ||||||||||||||||||||||||
| Stockholders’ equity attributable to Generac Holdings Inc. | ||||||||||||||||||||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||
| Equity turnover1 | ||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||
| Equity Turnover, Competitors2 | ||||||||||||||||||||||||
| Boeing Co. | ||||||||||||||||||||||||
| Caterpillar Inc. | ||||||||||||||||||||||||
| Eaton Corp. plc | ||||||||||||||||||||||||
| GE Aerospace | ||||||||||||||||||||||||
| Honeywell International Inc. | ||||||||||||||||||||||||
| Lockheed Martin Corp. | ||||||||||||||||||||||||
| RTX Corp. | ||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2022 Calculation
Equity turnover
= (Net salesQ2 2022
+ Net salesQ1 2022
+ Net salesQ4 2021
+ Net salesQ3 2021)
÷ Stockholders’ equity attributable to Generac Holdings Inc.
= ( + + + )
÷ =
2 Click competitor name to see calculations.
- Net Sales
- Over the observed period, net sales exhibited a general upward trend with some fluctuations. Starting at approximately 400 million US dollars in the first quarter of 2018, sales increased steadily through 2018 and 2019 to reach just under 600 million US dollars by the end of 2019. In early 2020, net sales dipped to around 475 million US dollars, likely reflecting the impact of external challenges in that period. However, from the second quarter of 2020 onward, net sales recovered robustly, increasing to over 1.29 billion US dollars by mid-2022. This represents more than a threefold increase from the initial quarter in 2018, indicating strong growth momentum in the more recent periods.
- Stockholders’ Equity Attributable to Generac Holdings Inc.
- Stockholders' equity also showed consistent growth, increasing from approximately 570 million US dollars at the beginning of 2018 to nearly 2.42 billion US dollars by mid-2022. The progression was relatively smooth with each quarter reflecting incremental growth, and a notable acceleration in the last two years. This rise in equity reflects strengthened capital structure and possibly retained earnings growth, supporting the expansion observed in net sales.
- Equity Turnover
- The equity turnover ratio, measuring net sales relative to stockholders’ equity, demonstrated a declining trend over the period. Starting at 3.05 in early 2018, the ratio steadily decreased to a low of 1.69 by the first half of 2022. Although there was a slight recovery toward the last quarters, the ratio remains significantly below initial levels. This decline suggests that net sales have grown at a slower pace relative to equity or that equity has been increasing more rapidly than sales. The diminishing equity turnover ratio may indicate a more capital-intensive operation or a strategic accumulation of equity which may support future growth.
- Overall Analysis
- The financial data reveals a company experiencing substantial growth in both sales and equity over the analyzed quarters. The rapid increase in net sales starting from mid-2020 indicates a strong market position or improved operational performance. Meanwhile, the consistent increase in stockholders' equity suggests solid financial health and a possibly conservative capital management approach. The declining equity turnover ratio warrants attention, as it implies that the efficiency of equity in generating sales has decreased, potentially reflecting changes in asset utilization or investment strategy. Overall, these data points suggest ongoing expansion supported by a strengthening equity base, with evolving operational dynamics.