Stock Analysis on Net
Stock Analysis on Net

General Dynamics Corp. (NYSE:GD)

This company was transferred to the archive: financial data is no longer updated!

Analysis of Short-term (Operating) Activity Ratios
Quarterly Data

Beginner level

Short-term Activity Ratios (Summary)

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

Microsoft Excel LibreOffice Calc
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
Turnover Ratios
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
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
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
Working capital turnover 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
Average No. Days
Average inventory processing period 74 76 78 71 75 75 73 74 83 82 81 78 86 86 86 51 54 51 51 48
Add: Average receivable collection period 37 33 33 33 33 35 36 38 40 43 44 43 40 43 41 42 41 41 42 40
Operating cycle 111 109 111 104 108 110 109 112 123 125 125 121 126 129 127 93 95 92 93 88
Less: Average payables payment period 30 27 32 36 34 33 35 39 40 42 42 47 40 39 36 37 34 31 31 28
Cash conversion cycle 81 82 79 68 74 77 74 73 83 83 83 74 86 90 91 56 61 61 62 60

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)

Microsoft Excel LibreOffice Calc
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)

Microsoft Excel LibreOffice Calc
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)

Microsoft Excel LibreOffice Calc
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)

Microsoft Excel LibreOffice Calc
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)

Microsoft Excel LibreOffice Calc
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)

Microsoft Excel LibreOffice Calc
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
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

Microsoft Excel LibreOffice Calc
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)

Microsoft Excel LibreOffice Calc
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

Microsoft Excel LibreOffice Calc
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 + 3730 = 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.