Analysis of Short-term (Operating) 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.
Short-term Activity Ratios (Summary)
General Dynamics Corp., short-term (operating) activity ratios (quarterly data)
Based on: 10-Q (filing date: 2020-10-28), 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-02-10), 10-Q (filing date: 2019-10-23), 10-Q (filing date: 2019-07-24), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-13), 10-Q (filing date: 2018-10-24), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-12), 10-Q (filing date: 2017-10-25), 10-Q (filing date: 2017-07-26), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-06), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-08), 10-Q (filing date: 2015-10-28), 10-Q (filing date: 2015-07-29), 10-Q (filing date: 2015-04-29).
Short-term activity ratio | Description | The company |
---|---|---|
Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | General Dynamics Corp.’s inventory turnover ratio improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020. |
Receivables turnover | An activity ratio equal to revenue divided by receivables. | General Dynamics Corp.’s receivables turnover ratio improved from Q1 2020 to Q2 2020 but then deteriorated significantly from Q2 2020 to Q3 2020. |
Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | General Dynamics Corp.’s payables turnover ratio increased from Q1 2020 to Q2 2020 but then slightly decreased from Q2 2020 to Q3 2020 not reaching Q1 2020 level. |
Working capital turnover | An activity ratio calculated as revenue divided by working capital. | General Dynamics Corp.’s working capital turnover ratio improved from Q1 2020 to Q2 2020 but then slightly deteriorated from Q2 2020 to Q3 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. | General Dynamics Corp.’s number of days of inventory outstanding improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020. |
Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | |
Operating cycle | Equal to average inventory processing period plus average receivables collection period. | |
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. | General Dynamics Corp.’s number of days of payables outstanding decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 not reaching Q1 2020 level. |
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. | General Dynamics Corp.’s cash conversion cycle deteriorated from Q1 2020 to Q2 2020 but then slightly improved from Q2 2020 to Q3 2020. |
Inventory Turnover
General Dynamics Corp., inventory turnover calculation (quarterly data)
Sep 27, 2020 | Jun 28, 2020 | Mar 29, 2020 | Dec 31, 2019 | Sep 29, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jul 1, 2018 | Apr 1, 2018 | Dec 31, 2017 | Oct 1, 2017 | Jul 2, 2017 | Apr 2, 2017 | Dec 31, 2016 | Oct 2, 2016 | Jul 3, 2016 | Apr 3, 2016 | Dec 31, 2015 | Oct 4, 2015 | Jul 5, 2015 | Apr 5, 2015 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
Cost of revenue | 7,836 | 7,849 | 7,261 | 8,816 | 7,973 | 7,869 | 7,633 | 8,572 | 7,407 | 7,509 | 5,990 | 6,729 | 6,018 | 6,114 | 5,925 | 6,593 | 6,191 | 6,109 | 6,211 | 6,267 | 6,484 | 6,334 | 6,254 | |||||||
Inventories | 6,402 | 6,666 | 6,852 | 6,306 | 6,573 | 6,480 | 6,185 | 5,977 | 6,247 | 5,890 | 5,543 | 5,303 | 5,781 | 5,839 | 5,822 | 3,523 | 3,657 | 3,520 | 3,504 | 3,366 | 3,239 | 3,359 | 3,397 | |||||||
Short-term Activity Ratio | ||||||||||||||||||||||||||||||
Inventory turnover1 | 4.96 | 4.79 | 4.66 | 5.12 | 4.88 | 4.86 | 5.03 | 4.93 | 4.42 | 4.46 | 4.48 | 4.67 | 4.26 | 4.25 | 4.26 | 7.13 | 6.78 | 7.12 | 7.22 | 7.53 | — | — | — | |||||||
Benchmarks | ||||||||||||||||||||||||||||||
Inventory Turnover, Competitors2 | ||||||||||||||||||||||||||||||
Boeing Co. | 0.71 | 0.78 | 0.88 | 0.94 | 1.03 | 1.16 | 1.24 | 1.30 | 1.29 | 1.28 | 1.27 | 1.71 | 1.74 | 1.77 | 1.82 | 1.87 | — | — | — | — | — | — | — | |||||||
Lockheed Martin Corp. | 16.91 | 15.46 | 14.94 | 14.22 | 14.44 | 13.74 | 14.81 | 15.51 | 15.59 | 15.13 | 14.26 | 10.14 | 9.24 | 8.85 | 8.44 | 9.03 | — | — | — | — | — | — | — | |||||||
Northrop Grumman Corp. | 32.61 | 32.84 | 34.38 | 33.95 | 32.64 | 31.83 | 31.65 | 35.63 | 30.68 | 30.40 | 46.59 | 25.45 | 19.41 | 18.48 | 20.29 | 22.95 | — | — | — | — | — | — | — | |||||||
Raytheon Technologies Corp. | 5.42 | 5.32 | 4.93 | 5.21 | 4.99 | 4.98 | 5.00 | 4.96 | 5.29 | 5.18 | 5.05 | 4.45 | 4.26 | 4.28 | 4.46 | 4.76 | — | — | — | — | — | — | — |
Based on: 10-Q (filing date: 2020-10-28), 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-02-10), 10-Q (filing date: 2019-10-23), 10-Q (filing date: 2019-07-24), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-13), 10-Q (filing date: 2018-10-24), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-12), 10-Q (filing date: 2017-10-25), 10-Q (filing date: 2017-07-26), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-06), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-08), 10-Q (filing date: 2015-10-28), 10-Q (filing date: 2015-07-29), 10-Q (filing date: 2015-04-29).
1 Q3 2020 Calculation
Inventory turnover
= (Cost of revenueQ3 2020
+ Cost of revenueQ2 2020
+ Cost of revenueQ1 2020
+ Cost of revenueQ4 2019)
÷ Inventories
= (7,836 + 7,849 + 7,261 + 8,816)
÷ 6,402 = 4.96
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. | General Dynamics Corp.’s inventory turnover ratio improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020. |
Receivables Turnover
General Dynamics Corp., receivables turnover calculation (quarterly data)
Sep 27, 2020 | Jun 28, 2020 | Mar 29, 2020 | Dec 31, 2019 | Sep 29, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jul 1, 2018 | Apr 1, 2018 | Dec 31, 2017 | Oct 1, 2017 | Jul 2, 2017 | Apr 2, 2017 | Dec 31, 2016 | Oct 2, 2016 | Jul 3, 2016 | Apr 3, 2016 | Dec 31, 2015 | Oct 4, 2015 | Jul 5, 2015 | Apr 5, 2015 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
Revenue | 9,431 | 9,264 | 8,749 | 10,773 | 9,761 | 9,555 | 9,261 | 10,378 | 9,094 | 9,186 | 7,535 | 8,277 | 7,580 | 7,675 | 7,441 | 8,233 | 7,731 | 7,665 | 7,724 | 7,809 | 7,994 | 7,882 | 7,784 | |||||||
Accounts receivable | 3,863 | 3,515 | 3,547 | 3,544 | 3,489 | 3,673 | 3,718 | 3,759 | 3,736 | 3,874 | 3,769 | 3,617 | 3,391 | 3,690 | 3,483 | 3,611 | 3,502 | 3,539 | 3,654 | 3,446 | 3,796 | 3,595 | 3,661 | |||||||
Short-term Activity Ratio | ||||||||||||||||||||||||||||||
Receivables turnover1 | 9.89 | 10.97 | 10.95 | 11.10 | 11.17 | 10.42 | 10.20 | 9.63 | 9.13 | 8.41 | 8.24 | 8.56 | 9.12 | 8.42 | 8.92 | 8.68 | 8.83 | 8.81 | 8.60 | 9.13 | — | — | — | |||||||
Benchmarks | ||||||||||||||||||||||||||||||
Receivables Turnover, Competitors2 | ||||||||||||||||||||||||||||||
Boeing Co. | 22.00 | 23.85 | 21.97 | 23.44 | 24.41 | 28.00 | 27.44 | 26.07 | 33.93 | 34.47 | 34.19 | 8.88 | 8.58 | 9.57 | 9.95 | 10.71 | — | — | — | — | — | — | — | |||||||
Lockheed Martin Corp. | 25.90 | 22.19 | 21.14 | 25.59 | 24.47 | 22.58 | 19.93 | 22.00 | 22.55 | 21.09 | 21.76 | 5.93 | 5.51 | 5.60 | 5.41 | 5.76 | — | — | — | — | — | — | — | |||||||
Northrop Grumman Corp. | 18.03 | 17.45 | 16.04 | 25.52 | 15.76 | 17.95 | 14.57 | 20.78 | 16.79 | 14.88 | 21.17 | 6.49 | 5.79 | 5.89 | 6.10 | 7.43 | — | — | — | — | — | — | — | |||||||
Raytheon Technologies Corp. | 6.58 | 7.51 | 5.87 | 5.70 | 5.55 | 5.30 | 5.13 | 4.66 | 5.11 | 5.24 | 5.24 | 4.75 | 4.48 | 4.61 | 4.87 | 4.99 | — | — | — | — | — | — | — |
Based on: 10-Q (filing date: 2020-10-28), 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-02-10), 10-Q (filing date: 2019-10-23), 10-Q (filing date: 2019-07-24), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-13), 10-Q (filing date: 2018-10-24), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-12), 10-Q (filing date: 2017-10-25), 10-Q (filing date: 2017-07-26), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-06), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-08), 10-Q (filing date: 2015-10-28), 10-Q (filing date: 2015-07-29), 10-Q (filing date: 2015-04-29).
1 Q3 2020 Calculation
Receivables turnover
= (RevenueQ3 2020
+ RevenueQ2 2020
+ RevenueQ1 2020
+ RevenueQ4 2019)
÷ Accounts receivable
= (9,431 + 9,264 + 8,749 + 10,773)
÷ 3,863 = 9.89
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. | General Dynamics Corp.’s receivables turnover ratio improved from Q1 2020 to Q2 2020 but then deteriorated significantly from Q2 2020 to Q3 2020. |
Payables Turnover
General Dynamics Corp., payables turnover calculation (quarterly data)
Sep 27, 2020 | Jun 28, 2020 | Mar 29, 2020 | Dec 31, 2019 | Sep 29, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jul 1, 2018 | Apr 1, 2018 | Dec 31, 2017 | Oct 1, 2017 | Jul 2, 2017 | Apr 2, 2017 | Dec 31, 2016 | Oct 2, 2016 | Jul 3, 2016 | Apr 3, 2016 | Dec 31, 2015 | Oct 4, 2015 | Jul 5, 2015 | Apr 5, 2015 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
Cost of revenue | 7,836 | 7,849 | 7,261 | 8,816 | 7,973 | 7,869 | 7,633 | 8,572 | 7,407 | 7,509 | 5,990 | 6,729 | 6,018 | 6,114 | 5,925 | 6,593 | 6,191 | 6,109 | 6,211 | 6,267 | 6,484 | 6,334 | 6,254 | |||||||
Accounts payable | 2,613 | 2,383 | 2,788 | 3,162 | 2,999 | 2,860 | 3,008 | 3,179 | 3,033 | 3,032 | 2,851 | 3,207 | 2,718 | 2,620 | 2,466 | 2,538 | 2,276 | 2,128 | 2,150 | 1,964 | 2,387 | 2,275 | 2,266 | |||||||
Short-term Activity Ratio | ||||||||||||||||||||||||||||||
Payables turnover1 | 12.16 | 13.39 | 11.45 | 10.21 | 10.69 | 11.01 | 10.35 | 9.27 | 9.11 | 8.66 | 8.72 | 7.73 | 9.07 | 9.47 | 10.06 | 9.89 | 10.89 | 11.78 | 11.77 | 12.90 | — | — | — | |||||||
Benchmarks | ||||||||||||||||||||||||||||||
Payables Turnover, Competitors2 | ||||||||||||||||||||||||||||||
Boeing Co. | 4.25 | 4.77 | 4.69 | 4.63 | 4.99 | 5.21 | 5.53 | 6.30 | 5.84 | 6.10 | 6.15 | 6.23 | 5.90 | 6.20 | 6.59 | 7.21 | — | — | — | — | — | — | — | |||||||
Lockheed Martin Corp. | 37.34 | 37.46 | 16.70 | 40.16 | 17.27 | 18.94 | 15.71 | 19.35 | 17.67 | 17.18 | 16.79 | 31.02 | 15.58 | 17.12 | 15.75 | 25.52 | — | — | — | — | — | — | — | |||||||
Northrop Grumman Corp. | 12.66 | 13.62 | 13.03 | 11.94 | 13.08 | 13.14 | 12.74 | 10.68 | 11.37 | 11.50 | 14.53 | 11.95 | 12.97 | 13.86 | 13.78 | 12.05 | — | — | — | — | — | — | — | |||||||
Raytheon Technologies Corp. | 6.55 | 7.60 | 5.17 | 5.28 | 5.17 | 4.90 | 5.06 | 4.51 | 4.56 | 4.83 | 5.09 | 4.59 | 4.77 | 4.95 | 5.57 | 5.54 | — | — | — | — | — | — | — |
Based on: 10-Q (filing date: 2020-10-28), 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-02-10), 10-Q (filing date: 2019-10-23), 10-Q (filing date: 2019-07-24), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-13), 10-Q (filing date: 2018-10-24), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-12), 10-Q (filing date: 2017-10-25), 10-Q (filing date: 2017-07-26), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-06), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-08), 10-Q (filing date: 2015-10-28), 10-Q (filing date: 2015-07-29), 10-Q (filing date: 2015-04-29).
1 Q3 2020 Calculation
Payables turnover
= (Cost of revenueQ3 2020
+ Cost of revenueQ2 2020
+ Cost of revenueQ1 2020
+ Cost of revenueQ4 2019)
÷ Accounts payable
= (7,836 + 7,849 + 7,261 + 8,816)
÷ 2,613 = 12.16
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. | General Dynamics Corp.’s payables turnover ratio increased from Q1 2020 to Q2 2020 but then slightly decreased from Q2 2020 to Q3 2020 not reaching Q1 2020 level. |
Working Capital Turnover
General Dynamics Corp., working capital turnover calculation (quarterly data)
Sep 27, 2020 | Jun 28, 2020 | Mar 29, 2020 | Dec 31, 2019 | Sep 29, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jul 1, 2018 | Apr 1, 2018 | Dec 31, 2017 | Oct 1, 2017 | Jul 2, 2017 | Apr 2, 2017 | Dec 31, 2016 | Oct 2, 2016 | Jul 3, 2016 | Apr 3, 2016 | Dec 31, 2015 | Oct 4, 2015 | Jul 5, 2015 | Apr 5, 2015 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
Current assets | 20,865 | 21,135 | 24,741 | 19,780 | 20,151 | 19,557 | 18,867 | 18,189 | 19,958 | 19,827 | 20,464 | 18,328 | 18,080 | 17,126 | 16,614 | 15,447 | 15,297 | 14,386 | 14,188 | 14,571 | 15,288 | 15,773 | 16,352 | |||||||
Less: Current liabilities | 16,120 | 16,606 | 18,440 | 16,801 | 18,227 | 18,014 | 15,382 | 14,739 | 15,689 | 16,573 | 15,242 | 13,099 | 13,209 | 13,503 | 13,165 | 12,846 | 11,893 | 12,135 | 12,423 | 12,445 | 13,178 | 12,708 | 13,112 | |||||||
Working capital | 4,745 | 4,529 | 6,301 | 2,979 | 1,924 | 1,543 | 3,485 | 3,450 | 4,269 | 3,254 | 5,222 | 5,229 | 4,871 | 3,623 | 3,449 | 2,601 | 3,404 | 2,251 | 1,765 | 2,126 | 2,110 | 3,065 | 3,240 | |||||||
Revenue | 9,431 | 9,264 | 8,749 | 10,773 | 9,761 | 9,555 | 9,261 | 10,378 | 9,094 | 9,186 | 7,535 | 8,277 | 7,580 | 7,675 | 7,441 | 8,233 | 7,731 | 7,665 | 7,724 | 7,809 | 7,994 | 7,882 | 7,784 | |||||||
Short-term Activity Ratio | ||||||||||||||||||||||||||||||
Working capital turnover1 | 8.05 | 8.51 | 6.16 | 13.21 | 20.25 | 24.81 | 10.88 | 10.49 | 7.99 | 10.01 | 5.95 | 5.92 | 6.35 | 8.58 | 9.01 | 12.05 | 9.09 | 13.86 | 17.80 | 14.80 | — | — | — | |||||||
Benchmarks | ||||||||||||||||||||||||||||||
Working Capital Turnover, Competitors2 | ||||||||||||||||||||||||||||||
Boeing Co. | 1.57 | 1.76 | 4.27 | 15.57 | 8.87 | 31.54 | 17.08 | 16.21 | 11.87 | 11.22 | 8.70 | 10.50 | 9.38 | 9.16 | 7.38 | 7.66 | — | — | — | — | — | — | — | |||||||
Lockheed Martin Corp. | 12.62 | 13.44 | 17.12 | 19.15 | 13.61 | 19.37 | 21.49 | 31.53 | 32.92 | 19.95 | 13.44 | 10.58 | 12.04 | 16.77 | 16.04 | 18.41 | — | — | — | — | — | — | — | |||||||
Northrop Grumman Corp. | 7.95 | 10.05 | 11.61 | 27.05 | 13.75 | 16.41 | 19.45 | 21.40 | 13.65 | 14.30 | 2.70 | 2.75 | 19.68 | 37.16 | 17.73 | 19.99 | — | — | — | — | — | — | — | |||||||
Raytheon Technologies Corp. | 8.37 | 10.21 | 10.43 | 26.47 | 33.59 | 44.35 | 17.41 | 16.08 | 4.68 | 5.46 | 7.66 | 7.07 | 7.62 | 6.52 | 10.34 | 8.62 | — | — | — | — | — | — | — |
Based on: 10-Q (filing date: 2020-10-28), 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-02-10), 10-Q (filing date: 2019-10-23), 10-Q (filing date: 2019-07-24), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-13), 10-Q (filing date: 2018-10-24), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-12), 10-Q (filing date: 2017-10-25), 10-Q (filing date: 2017-07-26), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-06), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-08), 10-Q (filing date: 2015-10-28), 10-Q (filing date: 2015-07-29), 10-Q (filing date: 2015-04-29).
1 Q3 2020 Calculation
Working capital turnover
= (RevenueQ3 2020
+ RevenueQ2 2020
+ RevenueQ1 2020
+ RevenueQ4 2019)
÷ Working capital
= (9,431 + 9,264 + 8,749 + 10,773)
÷ 4,745 = 8.05
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. | General Dynamics Corp.’s working capital turnover ratio improved from Q1 2020 to Q2 2020 but then slightly deteriorated from Q2 2020 to Q3 2020. |
Average Inventory Processing Period
General Dynamics Corp., average inventory processing period calculation (quarterly data)
Sep 27, 2020 | Jun 28, 2020 | Mar 29, 2020 | Dec 31, 2019 | Sep 29, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jul 1, 2018 | Apr 1, 2018 | Dec 31, 2017 | Oct 1, 2017 | Jul 2, 2017 | Apr 2, 2017 | Dec 31, 2016 | Oct 2, 2016 | Jul 3, 2016 | Apr 3, 2016 | Dec 31, 2015 | Oct 4, 2015 | Jul 5, 2015 | Apr 5, 2015 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data | ||||||||||||||||||||||||||||||
Inventory turnover | 4.96 | 4.79 | 4.66 | 5.12 | 4.88 | 4.86 | 5.03 | 4.93 | 4.42 | 4.46 | 4.48 | 4.67 | 4.26 | 4.25 | 4.26 | 7.13 | 6.78 | 7.12 | 7.22 | 7.53 | — | — | — | |||||||
Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||||
Average inventory processing period1 | 74 | 76 | 78 | 71 | 75 | 75 | 73 | 74 | 83 | 82 | 81 | 78 | 86 | 86 | 86 | 51 | 54 | 51 | 51 | 48 | — | — | — | |||||||
Benchmarks (no. days) | ||||||||||||||||||||||||||||||
Average Inventory Processing Period, Competitors2 | ||||||||||||||||||||||||||||||
Boeing Co. | 516 | 468 | 416 | 388 | 355 | 314 | 294 | 280 | 284 | 284 | 289 | 213 | 209 | 207 | 200 | 195 | — | — | — | — | — | — | — | |||||||
Lockheed Martin Corp. | 22 | 24 | 24 | 26 | 25 | 27 | 25 | 24 | 23 | 24 | 26 | 36 | 40 | 41 | 43 | 40 | — | — | — | — | — | — | — | |||||||
Northrop Grumman Corp. | 11 | 11 | 11 | 11 | 11 | 11 | 12 | 10 | 12 | 12 | 8 | 14 | 19 | 20 | 18 | 16 | — | — | — | — | — | — | — | |||||||
Raytheon Technologies Corp. | 67 | 69 | 74 | 70 | 73 | 73 | 73 | 74 | 69 | 71 | 72 | 82 | 86 | 85 | 82 | 77 | — | — | — | — | — | — | — |
Based on: 10-Q (filing date: 2020-10-28), 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-02-10), 10-Q (filing date: 2019-10-23), 10-Q (filing date: 2019-07-24), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-13), 10-Q (filing date: 2018-10-24), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-12), 10-Q (filing date: 2017-10-25), 10-Q (filing date: 2017-07-26), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-06), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-08), 10-Q (filing date: 2015-10-28), 10-Q (filing date: 2015-07-29), 10-Q (filing date: 2015-04-29).
1 Q3 2020 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 4.96 = 74
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. | General Dynamics Corp.’s number of days of inventory outstanding improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020. |
Average Receivable Collection Period
General Dynamics Corp., average receivable collection period calculation (quarterly data)
Sep 27, 2020 | Jun 28, 2020 | Mar 29, 2020 | Dec 31, 2019 | Sep 29, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jul 1, 2018 | Apr 1, 2018 | Dec 31, 2017 | Oct 1, 2017 | Jul 2, 2017 | Apr 2, 2017 | Dec 31, 2016 | Oct 2, 2016 | Jul 3, 2016 | Apr 3, 2016 | Dec 31, 2015 | Oct 4, 2015 | Jul 5, 2015 | Apr 5, 2015 | ||||||||
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Selected Financial Data | ||||||||||||||||||||||||||||||
Receivables turnover | 9.89 | 10.97 | 10.95 | 11.10 | 11.17 | 10.42 | 10.20 | 9.63 | 9.13 | 8.41 | 8.24 | 8.56 | 9.12 | 8.42 | 8.92 | 8.68 | 8.83 | 8.81 | 8.60 | 9.13 | — | — | — | |||||||
Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||||
Average receivable collection period1 | 37 | 33 | 33 | 33 | 33 | 35 | 36 | 38 | 40 | 43 | 44 | 43 | 40 | 43 | 41 | 42 | 41 | 41 | 42 | 40 | — | — | — | |||||||
Benchmarks (no. days) | ||||||||||||||||||||||||||||||
Average Receivable Collection Period, Competitors2 | ||||||||||||||||||||||||||||||
Boeing Co. | 17 | 15 | 17 | 16 | 15 | 13 | 13 | 14 | 11 | 11 | 11 | 41 | 43 | 38 | 37 | 34 | — | — | — | — | — | — | — | |||||||
Lockheed Martin Corp. | 14 | 16 | 17 | 14 | 15 | 16 | 18 | 17 | 16 | 17 | 17 | 62 | 66 | 65 | 68 | 63 | — | — | — | — | — | — | — | |||||||
Northrop Grumman Corp. | 20 | 21 | 23 | 14 | 23 | 20 | 25 | 18 | 22 | 25 | 17 | 56 | 63 | 62 | 60 | 49 | — | — | — | — | — | — | — | |||||||
Raytheon Technologies Corp. | 55 | 49 | 62 | 64 | 66 | 69 | 71 | 78 | 71 | 70 | 70 | 77 | 81 | 79 | 75 | 73 | — | — | — | — | — | — | — |
Based on: 10-Q (filing date: 2020-10-28), 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-02-10), 10-Q (filing date: 2019-10-23), 10-Q (filing date: 2019-07-24), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-13), 10-Q (filing date: 2018-10-24), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-12), 10-Q (filing date: 2017-10-25), 10-Q (filing date: 2017-07-26), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-06), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-08), 10-Q (filing date: 2015-10-28), 10-Q (filing date: 2015-07-29), 10-Q (filing date: 2015-04-29).
1 Q3 2020 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 9.89 = 37
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. |
Operating Cycle
General Dynamics Corp., operating cycle calculation (quarterly data)
No. days
Sep 27, 2020 | Jun 28, 2020 | Mar 29, 2020 | Dec 31, 2019 | Sep 29, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jul 1, 2018 | Apr 1, 2018 | Dec 31, 2017 | Oct 1, 2017 | Jul 2, 2017 | Apr 2, 2017 | Dec 31, 2016 | Oct 2, 2016 | Jul 3, 2016 | Apr 3, 2016 | Dec 31, 2015 | Oct 4, 2015 | Jul 5, 2015 | Apr 5, 2015 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data | ||||||||||||||||||||||||||||||
Average inventory processing period | 74 | 76 | 78 | 71 | 75 | 75 | 73 | 74 | 83 | 82 | 81 | 78 | 86 | 86 | 86 | 51 | 54 | 51 | 51 | 48 | — | — | — | |||||||
Average receivable collection period | 37 | 33 | 33 | 33 | 33 | 35 | 36 | 38 | 40 | 43 | 44 | 43 | 40 | 43 | 41 | 42 | 41 | 41 | 42 | 40 | — | — | — | |||||||
Short-term Activity Ratio | ||||||||||||||||||||||||||||||
Operating cycle1 | 111 | 109 | 111 | 104 | 108 | 110 | 109 | 112 | 123 | 125 | 125 | 121 | 126 | 129 | 127 | 93 | 95 | 92 | 93 | 88 | — | — | — | |||||||
Benchmarks | ||||||||||||||||||||||||||||||
Operating Cycle, Competitors2 | ||||||||||||||||||||||||||||||
Boeing Co. | 533 | 483 | 433 | 404 | 370 | 327 | 307 | 294 | 295 | 295 | 300 | 254 | 252 | 245 | 237 | 229 | — | — | — | — | — | — | — | |||||||
Lockheed Martin Corp. | 36 | 40 | 41 | 40 | 40 | 43 | 43 | 41 | 39 | 41 | 43 | 98 | 106 | 106 | 111 | 103 | — | — | — | — | — | — | — | |||||||
Northrop Grumman Corp. | 31 | 32 | 34 | 25 | 34 | 31 | 37 | 28 | 34 | 37 | 25 | 70 | 82 | 82 | 78 | 65 | — | — | — | — | — | — | — | |||||||
Raytheon Technologies Corp. | 122 | 118 | 136 | 134 | 139 | 142 | 144 | 152 | 140 | 141 | 142 | 159 | 167 | 164 | 157 | 150 | — | — | — | — | — | — | — |
Based on: 10-Q (filing date: 2020-10-28), 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-02-10), 10-Q (filing date: 2019-10-23), 10-Q (filing date: 2019-07-24), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-13), 10-Q (filing date: 2018-10-24), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-12), 10-Q (filing date: 2017-10-25), 10-Q (filing date: 2017-07-26), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-06), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-08), 10-Q (filing date: 2015-10-28), 10-Q (filing date: 2015-07-29), 10-Q (filing date: 2015-04-29).
1 Q3 2020 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 74 + 37 = 111
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. |
Average Payables Payment Period
General Dynamics Corp., average payables payment period calculation (quarterly data)
Sep 27, 2020 | Jun 28, 2020 | Mar 29, 2020 | Dec 31, 2019 | Sep 29, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jul 1, 2018 | Apr 1, 2018 | Dec 31, 2017 | Oct 1, 2017 | Jul 2, 2017 | Apr 2, 2017 | Dec 31, 2016 | Oct 2, 2016 | Jul 3, 2016 | Apr 3, 2016 | Dec 31, 2015 | Oct 4, 2015 | Jul 5, 2015 | Apr 5, 2015 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data | ||||||||||||||||||||||||||||||
Payables turnover | 12.16 | 13.39 | 11.45 | 10.21 | 10.69 | 11.01 | 10.35 | 9.27 | 9.11 | 8.66 | 8.72 | 7.73 | 9.07 | 9.47 | 10.06 | 9.89 | 10.89 | 11.78 | 11.77 | 12.90 | — | — | — | |||||||
Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||||
Average payables payment period1 | 30 | 27 | 32 | 36 | 34 | 33 | 35 | 39 | 40 | 42 | 42 | 47 | 40 | 39 | 36 | 37 | 34 | 31 | 31 | 28 | — | — | — | |||||||
Benchmarks (no. days) | ||||||||||||||||||||||||||||||
Average Payables Payment Period, Competitors2 | ||||||||||||||||||||||||||||||
Boeing Co. | 86 | 77 | 78 | 79 | 73 | 70 | 66 | 58 | 63 | 60 | 59 | 59 | 62 | 59 | 55 | 51 | — | — | — | — | — | — | — | |||||||
Lockheed Martin Corp. | 10 | 10 | 22 | 9 | 21 | 19 | 23 | 19 | 21 | 21 | 22 | 12 | 23 | 21 | 23 | 14 | — | — | — | — | — | — | — | |||||||
Northrop Grumman Corp. | 29 | 27 | 28 | 31 | 28 | 28 | 29 | 34 | 32 | 32 | 25 | 31 | 28 | 26 | 26 | 30 | — | — | — | — | — | — | — | |||||||
Raytheon Technologies Corp. | 56 | 48 | 71 | 69 | 71 | 75 | 72 | 81 | 80 | 76 | 72 | 80 | 76 | 74 | 66 | 66 | — | — | — | — | — | — | — |
Based on: 10-Q (filing date: 2020-10-28), 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-02-10), 10-Q (filing date: 2019-10-23), 10-Q (filing date: 2019-07-24), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-13), 10-Q (filing date: 2018-10-24), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-12), 10-Q (filing date: 2017-10-25), 10-Q (filing date: 2017-07-26), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-06), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-08), 10-Q (filing date: 2015-10-28), 10-Q (filing date: 2015-07-29), 10-Q (filing date: 2015-04-29).
1 Q3 2020 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 12.16 = 30
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. | General Dynamics Corp.’s number of days of payables outstanding decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 not reaching Q1 2020 level. |
Cash Conversion Cycle
General Dynamics Corp., cash conversion cycle calculation (quarterly data)
No. days
Sep 27, 2020 | Jun 28, 2020 | Mar 29, 2020 | Dec 31, 2019 | Sep 29, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jul 1, 2018 | Apr 1, 2018 | Dec 31, 2017 | Oct 1, 2017 | Jul 2, 2017 | Apr 2, 2017 | Dec 31, 2016 | Oct 2, 2016 | Jul 3, 2016 | Apr 3, 2016 | Dec 31, 2015 | Oct 4, 2015 | Jul 5, 2015 | Apr 5, 2015 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data | ||||||||||||||||||||||||||||||
Average inventory processing period | 74 | 76 | 78 | 71 | 75 | 75 | 73 | 74 | 83 | 82 | 81 | 78 | 86 | 86 | 86 | 51 | 54 | 51 | 51 | 48 | — | — | — | |||||||
Average receivable collection period | 37 | 33 | 33 | 33 | 33 | 35 | 36 | 38 | 40 | 43 | 44 | 43 | 40 | 43 | 41 | 42 | 41 | 41 | 42 | 40 | — | — | — | |||||||
Average payables payment period | 30 | 27 | 32 | 36 | 34 | 33 | 35 | 39 | 40 | 42 | 42 | 47 | 40 | 39 | 36 | 37 | 34 | 31 | 31 | 28 | — | — | — | |||||||
Short-term Activity Ratio | ||||||||||||||||||||||||||||||
Cash conversion cycle1 | 81 | 82 | 79 | 68 | 74 | 77 | 74 | 73 | 83 | 83 | 83 | 74 | 86 | 90 | 91 | 56 | 61 | 61 | 62 | 60 | — | — | — | |||||||
Benchmarks | ||||||||||||||||||||||||||||||
Cash Conversion Cycle, Competitors2 | ||||||||||||||||||||||||||||||
Boeing Co. | 447 | 406 | 355 | 325 | 297 | 257 | 241 | 236 | 232 | 235 | 241 | 195 | 190 | 186 | 182 | 178 | — | — | — | — | — | — | — | |||||||
Lockheed Martin Corp. | 26 | 30 | 19 | 31 | 19 | 24 | 20 | 22 | 18 | 20 | 21 | 86 | 83 | 85 | 88 | 89 | — | — | — | — | — | — | — | |||||||
Northrop Grumman Corp. | 2 | 5 | 6 | -6 | 6 | 3 | 8 | -6 | 2 | 5 | 0 | 39 | 54 | 56 | 52 | 35 | — | — | — | — | — | — | — | |||||||
Raytheon Technologies Corp. | 66 | 70 | 65 | 65 | 68 | 67 | 72 | 71 | 60 | 65 | 70 | 79 | 91 | 90 | 91 | 84 | — | — | — | — | — | — | — |
Based on: 10-Q (filing date: 2020-10-28), 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-02-10), 10-Q (filing date: 2019-10-23), 10-Q (filing date: 2019-07-24), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-13), 10-Q (filing date: 2018-10-24), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-12), 10-Q (filing date: 2017-10-25), 10-Q (filing date: 2017-07-26), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-06), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-08), 10-Q (filing date: 2015-10-28), 10-Q (filing date: 2015-07-29), 10-Q (filing date: 2015-04-29).
1 Q3 2020 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 74 + 37 – 30 = 81
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. | General Dynamics Corp.’s cash conversion cycle deteriorated from Q1 2020 to Q2 2020 but then slightly improved from Q2 2020 to Q3 2020. |