Stock Analysis on Net
Stock Analysis on Net

Linde plc (NYSE:LIN)

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Analysis of Short-term (Operating) Activity Ratios

Microsoft Excel LibreOffice Calc

Short-term Activity Ratios (Summary)

Linde plc, short-term (operating) activity ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Turnover Ratios
Inventory turnover
Receivables turnover
Payables turnover
Working capital turnover
Average No. Days
Average inventory processing period
Add: Average receivable collection period
Operating cycle
Less: Average payables payment period
Cash conversion cycle

Based on: 10-K (filing date: 2021-03-01), 10-K (filing date: 2020-03-02), 10-K (filing date: 2019-03-18), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-03-01).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Linde plc’s inventory turnover ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020.
Receivables turnover An activity ratio equal to revenue divided by receivables. Linde plc’s receivables turnover ratio improved from 2018 to 2019 and from 2019 to 2020.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Linde plc’s payables turnover ratio increased from 2018 to 2019 but then slightly decreased from 2019 to 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. Linde plc’s number of days of inventory outstanding improved from 2018 to 2019 but then slightly deteriorated from 2019 to 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. Linde plc’s operating cycle improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020.
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. Linde plc’s number of days of payables outstanding decreased from 2018 to 2019 but then slightly increased from 2019 to 2020.
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. Linde plc’s cash conversion cycle improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020.

Inventory Turnover

Linde plc, inventory turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Cost of sales, exclusive of depreciation and amortization
Inventories
Short-term Activity Ratio
Inventory turnover1
Benchmarks
Inventory Turnover, Competitors2
Ecolab Inc.
Sherwin-Williams Co.
Inventory Turnover, Sector
Chemicals

Based on: 10-K (filing date: 2021-03-01), 10-K (filing date: 2020-03-02), 10-K (filing date: 2019-03-18), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-03-01).

1 2020 Calculation
Inventory turnover = Cost of sales, exclusive of depreciation and amortization ÷ Inventories
= ÷ =

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. Linde plc’s inventory turnover ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020.

Receivables Turnover

Linde plc, receivables turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Sales
Accounts receivable, net
Short-term Activity Ratio
Receivables turnover1
Benchmarks
Receivables Turnover, Competitors2
Ecolab Inc.
Sherwin-Williams Co.
Receivables Turnover, Sector
Chemicals

Based on: 10-K (filing date: 2021-03-01), 10-K (filing date: 2020-03-02), 10-K (filing date: 2019-03-18), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-03-01).

1 2020 Calculation
Receivables turnover = Sales ÷ Accounts receivable, net
= ÷ =

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. Linde plc’s receivables turnover ratio improved from 2018 to 2019 and from 2019 to 2020.

Payables Turnover

Linde plc, payables turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Cost of sales, exclusive of depreciation and amortization
Accounts payable
Short-term Activity Ratio
Payables turnover1
Benchmarks
Payables Turnover, Competitors2
Ecolab Inc.
Sherwin-Williams Co.
Payables Turnover, Sector
Chemicals

Based on: 10-K (filing date: 2021-03-01), 10-K (filing date: 2020-03-02), 10-K (filing date: 2019-03-18), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-03-01).

1 2020 Calculation
Payables turnover = Cost of sales, exclusive of depreciation and amortization ÷ Accounts payable
= ÷ =

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. Linde plc’s payables turnover ratio increased from 2018 to 2019 but then slightly decreased from 2019 to 2020.

Working Capital Turnover

Linde plc, working capital turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Current assets
Less: Current liabilities
Working capital
 
Sales
Short-term Activity Ratio
Working capital turnover1
Benchmarks
Working Capital Turnover, Competitors2
Ecolab Inc.
Sherwin-Williams Co.
Working Capital Turnover, Sector
Chemicals

Based on: 10-K (filing date: 2021-03-01), 10-K (filing date: 2020-03-02), 10-K (filing date: 2019-03-18), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-03-01).

1 2020 Calculation
Working capital turnover = Sales ÷ Working capital
= ÷ =

2 Click competitor name to see calculations.


Average Inventory Processing Period

Linde plc, average inventory processing period calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data
Inventory turnover
Short-term Activity Ratio (no. days)
Average inventory processing period1
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Ecolab Inc.
Sherwin-Williams Co.
Average Inventory Processing Period, Sector
Chemicals

Based on: 10-K (filing date: 2021-03-01), 10-K (filing date: 2020-03-02), 10-K (filing date: 2019-03-18), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-03-01).

1 2020 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ =

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. Linde plc’s number of days of inventory outstanding improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020.

Average Receivable Collection Period

Linde plc, average receivable collection period calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data
Receivables turnover
Short-term Activity Ratio (no. days)
Average receivable collection period1
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Ecolab Inc.
Sherwin-Williams Co.
Average Receivable Collection Period, Sector
Chemicals

Based on: 10-K (filing date: 2021-03-01), 10-K (filing date: 2020-03-02), 10-K (filing date: 2019-03-18), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-03-01).

1 2020 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ =

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

Linde plc, operating cycle calculation, comparison to benchmarks

No. days

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data
Average inventory processing period
Average receivable collection period
Short-term Activity Ratio
Operating cycle1
Benchmarks
Operating Cycle, Competitors2
Ecolab Inc.
Sherwin-Williams Co.
Operating Cycle, Sector
Chemicals

Based on: 10-K (filing date: 2021-03-01), 10-K (filing date: 2020-03-02), 10-K (filing date: 2019-03-18), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-03-01).

1 2020 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= + =

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. Linde plc’s operating cycle improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020.

Average Payables Payment Period

Linde plc, average payables payment period calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data
Payables turnover
Short-term Activity Ratio (no. days)
Average payables payment period1
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Ecolab Inc.
Sherwin-Williams Co.
Average Payables Payment Period, Sector
Chemicals

Based on: 10-K (filing date: 2021-03-01), 10-K (filing date: 2020-03-02), 10-K (filing date: 2019-03-18), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-03-01).

1 2020 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ =

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. Linde plc’s number of days of payables outstanding decreased from 2018 to 2019 but then slightly increased from 2019 to 2020.

Cash Conversion Cycle

Linde plc, cash conversion cycle calculation, comparison to benchmarks

No. days

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data
Average inventory processing period
Average receivable collection period
Average payables payment period
Short-term Activity Ratio
Cash conversion cycle1
Benchmarks
Cash Conversion Cycle, Competitors2
Ecolab Inc.
Sherwin-Williams Co.
Cash Conversion Cycle, Sector
Chemicals

Based on: 10-K (filing date: 2021-03-01), 10-K (filing date: 2020-03-02), 10-K (filing date: 2019-03-18), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-03-01).

1 2020 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= + =

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. Linde plc’s cash conversion cycle improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020.