Stock Analysis on Net

Home Depot Inc. (NYSE:HD)

Analysis of Long-term (Investment) Activity Ratios

Microsoft Excel LibreOffice Calc

Long-term Activity Ratios (Summary)

Home Depot Inc., long-term (investment) activity ratios

Microsoft Excel LibreOffice Calc
Jan 31, 2021 Feb 2, 2020 Feb 3, 2019 Jan 28, 2018 Jan 29, 2017 Jan 31, 2016
Net fixed asset turnover 5.35 4.84 4.84 4.57 4.32 3.99
Net fixed asset turnover (including operating lease, right-of-use asset) 4.31 3.89 4.84 4.57 4.32 3.99
Total asset turnover 1.87 2.15 2.46 2.27 2.20 2.08
Equity turnover 40.05 69.40 21.83 14.02

Based on: 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Home Depot Inc. net fixed asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021.
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Home Depot Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Home Depot Inc. total asset turnover ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Net Fixed Asset Turnover

Home Depot Inc., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 31, 2021 Feb 2, 2020 Feb 3, 2019 Jan 28, 2018 Jan 29, 2017 Jan 31, 2016
Selected Financial Data (US$ in millions)
Net sales 132,110  110,225  108,203  100,904  94,595  88,519 
Net property and equipment 24,705  22,770  22,375  22,075  21,914  22,191 
Long-term Activity Ratio
Net fixed asset turnover1 5.35 4.84 4.84 4.57 4.32 3.99
Benchmarks
Net Fixed Asset Turnover, Competitors2
Amazon.com Inc. 3.41 3.86 3.77 3.64 4.67
Booking Holdings Inc. 8.99 20.41 22.14 26.41 30.96
Lowe’s Cos. Inc. 4.68 3.86 3.87 3.48 3.26 3.02
Target Corp. 3.44 2.93 2.92 2.87 2.82 2.93
TJX Cos. Inc. 6.38 7.83 7.42 7.16 7.32 7.48
Net Fixed Asset Turnover, Sector
Retailing 3.71 4.06 3.91 3.76 3.97
Net Fixed Asset Turnover, Industry
Consumer Discretionary 3.32 3.63 3.58 3.53 3.84

Based on: 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31).

1 2021 Calculation
Net fixed asset turnover = Net sales ÷ Net property and equipment
= 132,110 ÷ 24,705 = 5.35

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Home Depot Inc. net fixed asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

Home Depot Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 31, 2021 Feb 2, 2020 Feb 3, 2019 Jan 28, 2018 Jan 29, 2017 Jan 31, 2016
Selected Financial Data (US$ in millions)
Net sales 132,110  110,225  108,203  100,904  94,595  88,519 
 
Net property and equipment 24,705  22,770  22,375  22,075  21,914  22,191 
Operating lease right-of-use assets 5,962  5,595  —  —  —  — 
Net property and equipment (including operating lease, right-of-use asset) 30,667  28,365  22,375  22,075  21,914  22,191 
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 4.31 3.89 4.84 4.57 4.32 3.99
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Amazon.com Inc. 2.56 2.87 3.77 3.64 4.67
Booking Holdings Inc. 5.29 11.09 22.14 26.41 30.96
Lowe’s Cos. Inc. 3.90 3.20 3.87 3.48 3.26 3.02
Target Corp. 3.17 2.70 2.71 2.87 2.82 2.93
TJX Cos. Inc. 2.29 2.90 7.42 7.16 7.32 7.48
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Retailing 2.82 3.41 3.91 3.76 3.97
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Consumer Discretionary 2.59 3.11 3.58 3.53 3.84

Based on: 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31).

1 2021 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Net sales ÷ Net property and equipment (including operating lease, right-of-use asset)
= 132,110 ÷ 30,667 = 4.31

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Home Depot Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Total Asset Turnover

Home Depot Inc., total asset turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 31, 2021 Feb 2, 2020 Feb 3, 2019 Jan 28, 2018 Jan 29, 2017 Jan 31, 2016
Selected Financial Data (US$ in millions)
Net sales 132,110  110,225  108,203  100,904  94,595  88,519 
Total assets 70,581  51,236  44,003  44,529  42,966  42,549 
Long-term Activity Ratio
Total asset turnover1 1.87 2.15 2.46 2.27 2.20 2.08
Benchmarks
Total Asset Turnover, Competitors2
Amazon.com Inc. 1.20 1.25 1.43 1.35 1.63
Booking Holdings Inc. 0.31 0.70 0.64 0.50 0.54
Lowe’s Cos. Inc. 1.92 1.83 2.07 1.94 1.89 1.89
Target Corp. 1.80 1.80 1.80 1.84 1.86 1.83
TJX Cos. Inc. 1.04 1.73 2.72 2.55 2.58 2.69
Total Asset Turnover, Sector
Retailing 1.39 1.55 1.65 1.59 1.74
Total Asset Turnover, Industry
Consumer Discretionary 0.88 0.97 1.00 0.96 1.01

Based on: 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31).

1 2021 Calculation
Total asset turnover = Net sales ÷ Total assets
= 132,110 ÷ 70,581 = 1.87

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Home Depot Inc. total asset turnover ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Equity Turnover

Home Depot Inc., equity turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 31, 2021 Feb 2, 2020 Feb 3, 2019 Jan 28, 2018 Jan 29, 2017 Jan 31, 2016
Selected Financial Data (US$ in millions)
Net sales 132,110  110,225  108,203  100,904  94,595  88,519 
Stockholders’ equity (deficit) 3,299  (3,116) (1,878) 1,454  4,333  6,316 
Long-term Activity Ratio
Equity turnover1 40.05 69.40 21.83 14.02
Benchmarks
Equity Turnover, Competitors2
Amazon.com Inc. 4.13 4.52 5.35 6.42 7.05
Booking Holdings Inc. 1.39 2.54 1.65 1.13 1.09
Lowe’s Cos. Inc. 62.35 36.59 19.57 11.68 10.11 7.72
Target Corp. 6.40 6.52 6.59 6.14 6.34 5.69
TJX Cos. Inc. 5.51 7.01 7.72 6.97 7.36 7.18
Equity Turnover, Sector
Retailing 6.04 6.83 6.86 6.95 6.61
Equity Turnover, Industry
Consumer Discretionary 5.02 5.95 5.65 5.35 5.08

Based on: 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31).

1 2021 Calculation
Equity turnover = Net sales ÷ Stockholders’ equity (deficit)
= 132,110 ÷ 3,299 = 40.05

2 Click competitor name to see calculations.