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Microsoft Excel LibreOffice Calc


Short-term (Operating) Activity Analysis

Difficulty: Beginner


Ratios (Summary)

International Business Machines Corp., short-term (operating) activity ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
Turnover Ratios
Inventory turnover hidden hidden hidden hidden hidden
Receivables turnover hidden hidden hidden hidden hidden
Payables turnover hidden hidden hidden hidden hidden
Working capital turnover hidden hidden hidden hidden hidden
Average No. of Days
Average inventory processing period hidden hidden hidden hidden hidden
Add: Average receivable collection period hidden hidden hidden hidden hidden
Operating cycle hidden hidden hidden hidden hidden
Less: Average payables payment period hidden hidden hidden hidden hidden
Cash conversion cycle hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-28), 10-K (filing date: 2016-02-23), 10-K (filing date: 2015-02-24), 10-K (filing date: 2014-02-25).

Ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. International Business Machines Corp.'s inventory turnover improved from 2015 to 2016 and from 2016 to 2017.
Receivables turnover An activity ratio equal to revenue divided by receivables. International Business Machines Corp.'s receivables turnover deteriorated from 2015 to 2016 but then slightly improved from 2016 to 2017.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. International Business Machines Corp.'s payables turnover declined from 2015 to 2016 and from 2016 to 2017.
Working capital turnover An activity ratio calculated as revenue divided by working capital. International Business Machines Corp.'s working capital turnover improved from 2015 to 2016 but then deteriorated significantly from 2016 to 2017.
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.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. International Business Machines Corp.'s average receivable collection period deteriorated from 2015 to 2016 but then slightly improved from 2016 to 2017.
Operating cycle Equal to average inventory processing period plus average receivables collection period. International Business Machines Corp.'s operating cycle deteriorated from 2015 to 2016 but then slightly improved from 2016 to 2017.
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. International Business Machines Corp.'s cash conversion cycle deteriorated from 2015 to 2016 but then improved from 2016 to 2017 not reaching 2015 level.

Inventory Turnover

International Business Machines Corp., inventory turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
Selected Financial Data (USD $ in millions)
Cost hidden hidden hidden hidden hidden
Inventories hidden hidden hidden hidden hidden
Ratio
Inventory turnover1 hidden hidden hidden hidden hidden
Benchmarks
Inventory Turnover, Competitors
Alphabet Inc. hidden hidden hidden hidden hidden
Microsoft Corp. hidden hidden hidden hidden hidden
Oracle Corp. hidden hidden hidden hidden hidden
Inventory Turnover, Sector
Software & Computer Services hidden hidden hidden hidden hidden
Inventory Turnover, Industry
Technology hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-28), 10-K (filing date: 2016-02-23), 10-K (filing date: 2015-02-24), 10-K (filing date: 2014-02-25).

2017 Calculations

1 Inventory turnover = Cost ÷ Inventories
= hidden ÷ hidden = hidden

Ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. International Business Machines Corp.'s inventory turnover improved from 2015 to 2016 and from 2016 to 2017.

Receivables Turnover

International Business Machines Corp., receivables turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
Selected Financial Data (USD $ in millions)
Revenue hidden hidden hidden hidden hidden
Notes and accounts receivable, trade, net of allowances hidden hidden hidden hidden hidden
Ratio
Receivables turnover1 hidden hidden hidden hidden hidden
Benchmarks
Receivables Turnover, Competitors
Adobe Systems Inc. hidden hidden hidden hidden hidden
Alphabet Inc. hidden hidden hidden hidden hidden
Facebook Inc. hidden hidden hidden hidden hidden
Microsoft Corp. hidden hidden hidden hidden hidden
Oracle Corp. hidden hidden hidden hidden hidden
salesforce.com inc. hidden hidden hidden hidden hidden
Receivables Turnover, Sector
Software & Computer Services hidden hidden hidden hidden hidden
Receivables Turnover, Industry
Technology hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-28), 10-K (filing date: 2016-02-23), 10-K (filing date: 2015-02-24), 10-K (filing date: 2014-02-25).

2017 Calculations

1 Receivables turnover = Revenue ÷ Notes and accounts receivable, trade, net of allowances
= hidden ÷ hidden = hidden

Ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. International Business Machines Corp.'s receivables turnover deteriorated from 2015 to 2016 but then slightly improved from 2016 to 2017.

Payables Turnover

International Business Machines Corp., payables turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
Selected Financial Data (USD $ in millions)
Cost hidden hidden hidden hidden hidden
Accounts payable hidden hidden hidden hidden hidden
Ratio
Payables turnover1 hidden hidden hidden hidden hidden
Benchmarks
Payables Turnover, Competitors
Adobe Systems Inc. hidden hidden hidden hidden hidden
Alphabet Inc. hidden hidden hidden hidden hidden
Facebook Inc. hidden hidden hidden hidden hidden
Microsoft Corp. hidden hidden hidden hidden hidden
Oracle Corp. hidden hidden hidden hidden hidden
salesforce.com inc. hidden hidden hidden hidden hidden
Payables Turnover, Sector
Software & Computer Services hidden hidden hidden hidden hidden
Payables Turnover, Industry
Technology hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-28), 10-K (filing date: 2016-02-23), 10-K (filing date: 2015-02-24), 10-K (filing date: 2014-02-25).

2017 Calculations

1 Payables turnover = Cost ÷ Accounts payable
= hidden ÷ hidden = hidden

Ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. International Business Machines Corp.'s payables turnover declined from 2015 to 2016 and from 2016 to 2017.

Working Capital Turnover

International Business Machines Corp., working capital turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
Selected Financial Data (USD $ in millions)
Current assets hidden hidden hidden hidden hidden
Less: Current liabilities hidden hidden hidden hidden hidden
Working capital hidden hidden hidden hidden hidden
Revenue hidden hidden hidden hidden hidden
Ratio
Working capital turnover1 hidden hidden hidden hidden hidden
Benchmarks
Working Capital Turnover, Competitors
Adobe Systems Inc. hidden hidden hidden hidden hidden
Alphabet Inc. hidden hidden hidden hidden hidden
Facebook Inc. hidden hidden hidden hidden hidden
Microsoft Corp. hidden hidden hidden hidden hidden
Oracle Corp. hidden hidden hidden hidden hidden
salesforce.com inc. hidden hidden hidden hidden hidden
Working Capital Turnover, Sector
Software & Computer Services hidden hidden hidden hidden hidden
Working Capital Turnover, Industry
Technology hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-28), 10-K (filing date: 2016-02-23), 10-K (filing date: 2015-02-24), 10-K (filing date: 2014-02-25).

2017 Calculations

1 Working capital turnover = Revenue ÷ Working capital
= hidden ÷ hidden = hidden

Ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. International Business Machines Corp.'s working capital turnover improved from 2015 to 2016 but then deteriorated significantly from 2016 to 2017.

Average Inventory Processing Period

International Business Machines Corp., average inventory processing period calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
Selected Financial Data
Inventory turnover hidden hidden hidden hidden hidden
Ratio (no. of days)
Average inventory processing period1 hidden hidden hidden hidden hidden
Benchmarks (no. of days)
Average Inventory Processing Period, Competitors
Alphabet Inc. hidden hidden hidden hidden hidden
Microsoft Corp. hidden hidden hidden hidden hidden
Oracle Corp. hidden hidden hidden hidden hidden
Average Inventory Processing Period, Sector
Software & Computer Services hidden hidden hidden hidden hidden
Average Inventory Processing Period, Industry
Technology hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-28), 10-K (filing date: 2016-02-23), 10-K (filing date: 2015-02-24), 10-K (filing date: 2014-02-25).

2017 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.

Average Receivable Collection Period

International Business Machines Corp., average receivable collection period calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
Selected Financial Data
Receivables turnover hidden hidden hidden hidden hidden
Ratio (no. of days)
Average receivable collection period1 hidden hidden hidden hidden hidden
Benchmarks (no. of days)
Average Receivable Collection Period, Competitors
Adobe Systems Inc. hidden hidden hidden hidden hidden
Alphabet Inc. hidden hidden hidden hidden hidden
Facebook Inc. hidden hidden hidden hidden hidden
Microsoft Corp. hidden hidden hidden hidden hidden
Oracle Corp. hidden hidden hidden hidden hidden
salesforce.com inc. hidden hidden hidden hidden hidden
Average Receivable Collection Period, Sector
Software & Computer Services hidden hidden hidden hidden hidden
Average Receivable Collection Period, Industry
Technology hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-28), 10-K (filing date: 2016-02-23), 10-K (filing date: 2015-02-24), 10-K (filing date: 2014-02-25).

2017 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. International Business Machines Corp.'s average receivable collection period deteriorated from 2015 to 2016 but then slightly improved from 2016 to 2017.

Operating Cycle

International Business Machines Corp., operating cycle calculation, comparison to benchmarks

No. of days

Microsoft Excel LibreOffice Calc
Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
Selected Financial Data
Average inventory processing period hidden hidden hidden hidden hidden
Average receivable collection period hidden hidden hidden hidden hidden
Ratio
Operating cycle1 hidden hidden hidden hidden hidden
Benchmarks
Operating Cycle, Competitors
Alphabet Inc. hidden hidden hidden hidden hidden
Microsoft Corp. hidden hidden hidden hidden hidden
Oracle Corp. hidden hidden hidden hidden hidden
Operating Cycle, Sector
Software & Computer Services hidden hidden hidden hidden hidden
Operating Cycle, Industry
Technology hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-28), 10-K (filing date: 2016-02-23), 10-K (filing date: 2015-02-24), 10-K (filing date: 2014-02-25).

2017 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. International Business Machines Corp.'s operating cycle deteriorated from 2015 to 2016 but then slightly improved from 2016 to 2017.

Average Payables Payment Period

International Business Machines Corp., average payables payment period calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
Selected Financial Data
Payables turnover hidden hidden hidden hidden hidden
Ratio (no. of days)
Average payables payment period1 hidden hidden hidden hidden hidden
Benchmarks (no. of days)
Average Payables Payment Period, Competitors
Adobe Systems Inc. hidden hidden hidden hidden hidden
Alphabet Inc. hidden hidden hidden hidden hidden
Facebook Inc. hidden hidden hidden hidden hidden
Microsoft Corp. hidden hidden hidden hidden hidden
Oracle Corp. hidden hidden hidden hidden hidden
salesforce.com inc. hidden hidden hidden hidden hidden
Average Payables Payment Period, Sector
Software & Computer Services hidden hidden hidden hidden hidden
Average Payables Payment Period, Industry
Technology hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-28), 10-K (filing date: 2016-02-23), 10-K (filing date: 2015-02-24), 10-K (filing date: 2014-02-25).

2017 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.

Cash Conversion Cycle

International Business Machines Corp., cash conversion cycle calculation, comparison to benchmarks

No. of days

Microsoft Excel LibreOffice Calc
Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
Selected Financial Data
Average inventory processing period hidden hidden hidden hidden hidden
Average receivable collection period hidden hidden hidden hidden hidden
Average payables payment period hidden hidden hidden hidden hidden
Ratio
Cash conversion cycle1 hidden hidden hidden hidden hidden
Benchmarks
Cash Conversion Cycle, Competitors
Alphabet Inc. hidden hidden hidden hidden hidden
Microsoft Corp. hidden hidden hidden hidden hidden
Oracle Corp. hidden hidden hidden hidden hidden
Cash Conversion Cycle, Sector
Software & Computer Services hidden hidden hidden hidden hidden
Cash Conversion Cycle, Industry
Technology hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-28), 10-K (filing date: 2016-02-23), 10-K (filing date: 2015-02-24), 10-K (filing date: 2014-02-25).

2017 Calculations

1 Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= hidden + hiddenhidden = 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. International Business Machines Corp.'s cash conversion cycle deteriorated from 2015 to 2016 but then improved from 2016 to 2017 not reaching 2015 level.