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

HP Inc., long-term (investment) activity ratios

Ratio	Description	The company
Net fixed asset turnover	An activity ratio calculated as total revenue divided by net fixed assets.	HP Inc.’s net fixed asset turnover deteriorated from 2016 to 2017 and from 2017 to 2018.
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	HP Inc.’s total asset turnover deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level.
Equity turnover	An activity ratio calculated as total revenue divided by shareholders’ equity.

HP Inc., net fixed asset turnover calculation, comparison to benchmarks

		Oct 31, 2018	Oct 31, 2017	Oct 31, 2016	Oct 31, 2015	Oct 31, 2014	Oct 31, 2013
	Selected Financial Data (USD $ in millions)
	Net revenue
	Property, plant and equipment
	Ratio
	Net fixed asset turnover¹
	Benchmarks
	Net Fixed Asset Turnover, Competitors
	Apple Inc.
	Applied Materials Inc.
	Broadcom Inc.
	Cisco Systems Inc.
	Intel Corp.
	NVIDIA Corp.
	Qualcomm Inc.
	Texas Instruments Inc.
	Net Fixed Asset Turnover, Sector
	Technology Hardware & Equipment
	Net Fixed Asset Turnover, Industry
	Technology

2018 Calculations

¹ Net fixed asset turnover = Net revenue ÷ Property, plant and equipment
= hidden ÷ hidden = hidden

Ratio	Description	The company
Net fixed asset turnover	An activity ratio calculated as total revenue divided by net fixed assets.	HP Inc.’s net fixed asset turnover deteriorated from 2016 to 2017 and from 2017 to 2018.

HP Inc., total asset turnover calculation, comparison to benchmarks

		Oct 31, 2018	Oct 31, 2017	Oct 31, 2016	Oct 31, 2015	Oct 31, 2014	Oct 31, 2013
	Selected Financial Data (USD $ in millions)
	Net revenue
	Total assets
	Ratio
	Total asset turnover¹
	Benchmarks
	Total Asset Turnover, Competitors
	Apple Inc.
	Applied Materials Inc.
	Broadcom Inc.
	Cisco Systems Inc.
	Intel Corp.
	NVIDIA Corp.
	Qualcomm Inc.
	Texas Instruments Inc.
	Total Asset Turnover, Sector
	Technology Hardware & Equipment
	Total Asset Turnover, Industry
	Technology

2018 Calculations

¹ Total asset turnover = Net revenue ÷ Total assets
= hidden ÷ hidden = hidden

Ratio	Description	The company
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	HP Inc.’s total asset turnover deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level.

HP Inc., equity turnover calculation, comparison to benchmarks

		Oct 31, 2018	Oct 31, 2017	Oct 31, 2016	Oct 31, 2015	Oct 31, 2014	Oct 31, 2013
	Selected Financial Data (USD $ in millions)
	Net revenue
	Total HP stockholders’ equity (deficit)
	Ratio
	Equity turnover¹
	Benchmarks
	Equity Turnover, Competitors
	Apple Inc.
	Applied Materials Inc.
	Broadcom Inc.
	Cisco Systems Inc.
	Intel Corp.
	NVIDIA Corp.
	Qualcomm Inc.
	Texas Instruments Inc.
	Equity Turnover, Sector
	Technology Hardware & Equipment
	Equity Turnover, Industry
	Technology

2018 Calculations

¹ Equity turnover = Net revenue ÷ Total HP stockholders’ equity (deficit)
= hidden ÷ hidden = hidden

Ratio	Description	The company
Equity turnover	An activity ratio calculated as total revenue divided by shareholders’ equity.

	HP Inc.	Other companies (not purchased previously)
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Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
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
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality

HP Inc. (HPQ)

Long-term (Investment) Activity Analysis