General Dynamics Corp. (GD)

Annual Data

Quarterly Data

Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.

Ratios (Summary)
Inventory Turnover
Receivables Turnover
Payables Turnover
Working Capital Turnover
Average Inventory Processing Period
Average Receivable Collection Period
Operating Cycle
Average Payables Payment Period
Cash Conversion Cycle

General Dynamics Corp., short-term (operating) activity ratios (quarterly data)

		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	Dec 31, 2014	Sep 28, 2014	Jun 29, 2014	Mar 30, 2014	Dec 31, 2013	Sep 29, 2013	Jun 30, 2013	Mar 31, 2013
	Turnover Ratios
	Inventory turnover
	Receivables turnover
	Payables turnover
	Working capital turnover
	Average No. of Days
	Average inventory processing period
	Add: Average receivable collection period
	Operating cycle
	Less: Average payables payment period
	Cash conversion cycle

Source: Based on data from General Dynamics Corp. Quarterly and Annual Reports

Ratio	Description	The company
Inventory turnover	An activity ratio calculated as cost of goods sold divided by inventory.	General Dynamics Corp.'s inventory turnover deteriorated from Q4 2017 to Q1 2018 and from Q1 2018 to Q2 2018.
Receivables turnover	An activity ratio equal to revenue divided by receivables.	General Dynamics Corp.'s receivables turnover deteriorated from Q4 2017 to Q1 2018 but then improved from Q1 2018 to Q2 2018 not reaching Q4 2017 level.
Payables turnover	An activity ratio calculated as cost of goods sold divided by payables.	General Dynamics Corp.'s payables turnover increased from Q4 2017 to Q1 2018 but then slightly declined from Q1 2018 to Q2 2018.
Working capital turnover	An activity ratio calculated as revenue divided by working capital.	General Dynamics Corp.'s working capital turnover improved from Q4 2017 to Q1 2018 and from Q1 2018 to Q2 2018.
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 average inventory processing period deteriorated from Q4 2017 to Q1 2018 and from Q1 2018 to Q2 2018.
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.
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., inventory turnover calculation (quarterly data)

		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	Dec 31, 2014	Sep 28, 2014	Jun 29, 2014	Mar 30, 2014	Dec 31, 2013	Sep 29, 2013	Jun 30, 2013	Mar 31, 2013
	Selected Financial Data (USD $ in millions)
	Cost of revenue
	Inventories
	Ratio
	Inventory turnover¹

Source: Based on data from General Dynamics Corp. Quarterly and Annual Reports

Q2 2018 Calculations

¹ Inventory turnover = (Cost of revenue_{Q2 2018} + Cost of revenue_{Q1 2018} + Cost of revenue_{Q4 2017} + Cost of revenue_{Q3 2017}) ÷ Inventories
= ( hidden + hidden + hidden + hidden ) ÷ hidden = hidden

Ratio	Description	The company
Inventory turnover	An activity ratio calculated as cost of goods sold divided by inventory.	General Dynamics Corp.'s inventory turnover deteriorated from Q4 2017 to Q1 2018 and from Q1 2018 to Q2 2018.

General Dynamics Corp., receivables turnover calculation (quarterly data)

		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	Dec 31, 2014	Sep 28, 2014	Jun 29, 2014	Mar 30, 2014	Dec 31, 2013	Sep 29, 2013	Jun 30, 2013	Mar 31, 2013
	Selected Financial Data (USD $ in millions)
	Revenue
	Accounts receivable
	Ratio
	Receivables turnover¹

Source: Based on data from General Dynamics Corp. Quarterly and Annual Reports

Q2 2018 Calculations

¹ Receivables turnover = (Revenue_{Q2 2018} + Revenue_{Q1 2018} + Revenue_{Q4 2017} + Revenue_{Q3 2017}) ÷ Accounts receivable
= ( hidden + hidden + hidden + hidden ) ÷ hidden = hidden

Ratio	Description	The company
Receivables turnover	An activity ratio equal to revenue divided by receivables.	General Dynamics Corp.'s receivables turnover deteriorated from Q4 2017 to Q1 2018 but then improved from Q1 2018 to Q2 2018 not reaching Q4 2017 level.

General Dynamics Corp., payables turnover calculation (quarterly data)

		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	Dec 31, 2014	Sep 28, 2014	Jun 29, 2014	Mar 30, 2014	Dec 31, 2013	Sep 29, 2013	Jun 30, 2013	Mar 31, 2013
	Selected Financial Data (USD $ in millions)
	Cost of revenue
	Accounts payable
	Ratio
	Payables turnover¹

Source: Based on data from General Dynamics Corp. Quarterly and Annual Reports

Q2 2018 Calculations

¹ Payables turnover = (Cost of revenue_{Q2 2018} + Cost of revenue_{Q1 2018} + Cost of revenue_{Q4 2017} + Cost of revenue_{Q3 2017}) ÷ Accounts payable
= ( hidden + hidden + hidden + hidden ) ÷ hidden = hidden

Ratio	Description	The company
Payables turnover	An activity ratio calculated as cost of goods sold divided by payables.	General Dynamics Corp.'s payables turnover increased from Q4 2017 to Q1 2018 but then slightly declined from Q1 2018 to Q2 2018.

General Dynamics Corp., working capital turnover calculation (quarterly data)

		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	Dec 31, 2014	Sep 28, 2014	Jun 29, 2014	Mar 30, 2014	Dec 31, 2013	Sep 29, 2013	Jun 30, 2013	Mar 31, 2013
	Selected Financial Data (USD $ in millions)
	Current assets
	Less: Current liabilities
	Working capital
	Revenue
	Ratio
	Working capital turnover¹

Source: Based on data from General Dynamics Corp. Quarterly and Annual Reports

Q2 2018 Calculations

¹ Working capital turnover = (Revenue_{Q2 2018} + Revenue_{Q1 2018} + Revenue_{Q4 2017} + Revenue_{Q3 2017}) ÷ Working capital
= ( hidden + hidden + hidden + hidden ) ÷ hidden = hidden

Ratio	Description	The company
Working capital turnover	An activity ratio calculated as revenue divided by working capital.	General Dynamics Corp.'s working capital turnover improved from Q4 2017 to Q1 2018 and from Q1 2018 to Q2 2018.

General Dynamics Corp., average inventory processing period calculation (quarterly data)

		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	Dec 31, 2014	Sep 28, 2014	Jun 29, 2014	Mar 30, 2014	Dec 31, 2013	Sep 29, 2013	Jun 30, 2013	Mar 31, 2013
	Selected Financial Data
	Inventory turnover
	Ratio (no. of days)
	Average inventory processing period¹

Source: Based on data from General Dynamics Corp. Quarterly and Annual Reports

Q2 2018 Calculations

¹ Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ hidden = hidden

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 average inventory processing period deteriorated from Q4 2017 to Q1 2018 and from Q1 2018 to Q2 2018.

General Dynamics Corp., average receivable collection period calculation (quarterly data)

		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	Dec 31, 2014	Sep 28, 2014	Jun 29, 2014	Mar 30, 2014	Dec 31, 2013	Sep 29, 2013	Jun 30, 2013	Mar 31, 2013
	Selected Financial Data
	Receivables turnover
	Ratio (no. of days)
	Average receivable collection period¹

Source: Based on data from General Dynamics Corp. Quarterly and Annual Reports

Q2 2018 Calculations

¹ Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ hidden = hidden

Ratio	Description	The company
Average receivable collection period	An activity ratio equal to the number of days in the period divided by receivables turnover.

General Dynamics Corp., operating cycle calculation (quarterly data)

No. of days

		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	Dec 31, 2014	Sep 28, 2014	Jun 29, 2014	Mar 30, 2014	Dec 31, 2013	Sep 29, 2013	Jun 30, 2013	Mar 31, 2013
	Selected Financial Data
	Average inventory processing period
	Average receivable collection period
	Ratio
	Operating cycle¹

Source: Based on data from General Dynamics Corp. Quarterly and Annual Reports

Q2 2018 Calculations

¹ Operating cycle = Average inventory processing period + Average receivable collection period
= hidden + hidden = hidden

Ratio	Description	The company
Operating cycle	Equal to average inventory processing period plus average receivables collection period.

General Dynamics Corp., average payables payment period calculation (quarterly data)

		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	Dec 31, 2014	Sep 28, 2014	Jun 29, 2014	Mar 30, 2014	Dec 31, 2013	Sep 29, 2013	Jun 30, 2013	Mar 31, 2013
	Selected Financial Data
	Payables turnover
	Ratio (no. of days)
	Average payables payment period¹

Source: Based on data from General Dynamics Corp. Quarterly and Annual Reports

Q2 2018 Calculations

¹ Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ hidden = hidden

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., cash conversion cycle calculation (quarterly data)

No. of days

		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	Dec 31, 2014	Sep 28, 2014	Jun 29, 2014	Mar 30, 2014	Dec 31, 2013	Sep 29, 2013	Jun 30, 2013	Mar 31, 2013
	Selected Financial Data
	Average inventory processing period
	Average receivable collection period
	Average payables payment period
	Ratio
	Cash conversion cycle¹

Source: Based on data from General Dynamics Corp. Quarterly and Annual Reports

Q2 2018 Calculations

¹ Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= hidden + hidden – hidden = hidden

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.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Long-term Trends
Analysis
Financial Reporting Quality

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Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Long-term Trends
Analysis
Financial Reporting Quality

Short-term (Operating) Activity AnalysisQuarterly Data

Ratios (Summary)

Inventory Turnover

Receivables Turnover

Payables Turnover

Working Capital Turnover

Average Inventory Processing Period

Average Receivable Collection Period

Operating Cycle

Average Payables Payment Period

Cash Conversion Cycle

Short-term (Operating) Activity Analysis
Quarterly Data