Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Lowe’s Cos. Inc. (NYSE:LOW)

Analysis of Long-term (Investment) Activity Ratios

Beginner level


Long-term Activity Ratios (Summary)

Lowe’s Cos. Inc., long-term (investment) activity ratios

Microsoft Excel LibreOffice Calc
Jan 31, 2020 Feb 1, 2019 Feb 2, 2018 Feb 3, 2017 Jan 29, 2016 Jan 30, 2015
Net fixed asset turnover 3.86 3.87 3.48 3.26 3.02 2.81
Net fixed asset turnover (including operating lease, right-of-use asset) 3.20 3.87 3.48 3.26 3.02 2.81
Total asset turnover 1.83 2.07 1.94 1.89 1.89 1.77
Equity turnover 36.59 19.57 11.68 10.11 7.72 5.64

Based on: 10-K (filing date: 2020-03-23), 10-K (filing date: 2019-04-02), 10-K (filing date: 2018-04-02), 10-K (filing date: 2017-04-04), 10-K (filing date: 2016-03-29), 10-K (filing date: 2015-03-31).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Lowe’s Cos. Inc.’s net fixed asset turnover ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020.
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). Lowe’s Cos. Inc.’s net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Lowe’s Cos. Inc.’s total asset turnover ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Lowe’s Cos. Inc.’s equity turnover ratio improved from 2018 to 2019 and from 2019 to 2020.

Net Fixed Asset Turnover

Lowe’s Cos. Inc., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 31, 2020 Feb 1, 2019 Feb 2, 2018 Feb 3, 2017 Jan 29, 2016 Jan 30, 2015
Selected Financial Data (US$ in millions)
Net sales 72,148  71,309  68,619  65,017  59,074  56,223 
Property, less accumulated depreciation 18,669  18,432  19,721  19,949  19,577  20,034 
Long-term Activity Ratio
Net fixed asset turnover1 3.86 3.87 3.48 3.26 3.02 2.81
Benchmarks
Net Fixed Asset Turnover, Competitors2
Amazon.com Inc. 3.86 3.77 3.64 4.67 4.90
Costco Wholesale Corp. 7.15 7.03 6.95 6.81 7.38
Dollar General Corp. 8.47 8.63 8.69 9.03 9.00 8.94
Home Depot Inc. 4.84 4.84 4.57 4.32 3.99 3.66
Target Corp. 2.93 2.92 2.87 2.82 2.93 2.80
TJX Cos. Inc. 7.83 7.42 7.16 7.32 7.48 7.52
Walmart Inc. 4.74 4.58 4.32 4.22 4.11 4.13
Net Fixed Asset Turnover, Sector
General Retailers 4.50 4.31 4.20 4.25 4.21
Net Fixed Asset Turnover, Industry
Consumer Services 4.16 3.88 3.82 3.82 3.94

Based on: 10-K (filing date: 2020-03-23), 10-K (filing date: 2019-04-02), 10-K (filing date: 2018-04-02), 10-K (filing date: 2017-04-04), 10-K (filing date: 2016-03-29), 10-K (filing date: 2015-03-31).

1 2020 Calculation
Net fixed asset turnover = Net sales ÷ Property, less accumulated depreciation
= 72,148 ÷ 18,669 = 3.86

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. Lowe’s Cos. Inc.’s net fixed asset turnover ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020.

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

Lowe’s Cos. Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 31, 2020 Feb 1, 2019 Feb 2, 2018 Feb 3, 2017 Jan 29, 2016 Jan 30, 2015
Selected Financial Data (US$ in millions)
Net sales 72,148  71,309  68,619  65,017  59,074  56,223 
 
Property, less accumulated depreciation 18,669  18,432  19,721  19,949  19,577  20,034 
Operating lease right-of-use assets 3,891  —  —  —  —  — 
Property, less accumulated depreciation (including operating lease, right-of-use asset) 22,560  18,432  19,721  19,949  19,577  20,034 
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 3.20 3.87 3.48 3.26 3.02 2.81
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Amazon.com Inc. 2.87 3.77 3.64 4.67 4.90
Dollar General Corp. 2.30 8.63 8.69 9.03 9.00 8.94
Home Depot Inc. 3.89 4.84 4.57 4.32 3.99 3.66
Target Corp. 2.70 2.71 2.87 2.82 2.93 2.80
TJX Cos. Inc. 2.90 7.42 7.16 7.32 7.48 7.52
Walmart Inc. 4.09 4.58 4.32 4.22 4.11 4.13
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
General Retailers 4.10 4.31 4.20 4.25 4.21
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Consumer Services 3.60 3.88 3.82 3.82 3.94

Based on: 10-K (filing date: 2020-03-23), 10-K (filing date: 2019-04-02), 10-K (filing date: 2018-04-02), 10-K (filing date: 2017-04-04), 10-K (filing date: 2016-03-29), 10-K (filing date: 2015-03-31).

1 2020 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Net sales ÷ Property, less accumulated depreciation (including operating lease, right-of-use asset)
= 72,148 ÷ 22,560 = 3.20

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). Lowe’s Cos. Inc.’s net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.

Total Asset Turnover

Lowe’s Cos. Inc., total asset turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 31, 2020 Feb 1, 2019 Feb 2, 2018 Feb 3, 2017 Jan 29, 2016 Jan 30, 2015
Selected Financial Data (US$ in millions)
Net sales 72,148  71,309  68,619  65,017  59,074  56,223 
Total assets 39,471  34,508  35,291  34,408  31,266  31,827 
Long-term Activity Ratio
Total asset turnover1 1.83 2.07 1.94 1.89 1.89 1.77
Benchmarks
Total Asset Turnover, Competitors2
Amazon.com Inc. 1.25 1.43 1.35 1.63 1.64
Costco Wholesale Corp. 3.29 3.39 3.47 3.50 3.40
Dollar General Corp. 1.22 1.94 1.88 1.88 1.81 1.68
Home Depot Inc. 2.15 2.46 2.27 2.20 2.08 2.08
Target Corp. 1.80 1.80 1.84 1.86 1.83 1.75
TJX Cos. Inc. 1.73 2.72 2.55 2.58 2.69 2.61
Walmart Inc. 2.20 2.33 2.42 2.42 2.40 2.37
Total Asset Turnover, Sector
General Retailers 1.98 2.11 2.11 2.22 2.20
Total Asset Turnover, Industry
Consumer Services 1.15 1.21 1.34 1.35 1.45

Based on: 10-K (filing date: 2020-03-23), 10-K (filing date: 2019-04-02), 10-K (filing date: 2018-04-02), 10-K (filing date: 2017-04-04), 10-K (filing date: 2016-03-29), 10-K (filing date: 2015-03-31).

1 2020 Calculation
Total asset turnover = Net sales ÷ Total assets
= 72,148 ÷ 39,471 = 1.83

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. Lowe’s Cos. Inc.’s total asset turnover ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.

Equity Turnover

Lowe’s Cos. Inc., equity turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 31, 2020 Feb 1, 2019 Feb 2, 2018 Feb 3, 2017 Jan 29, 2016 Jan 30, 2015
Selected Financial Data (US$ in millions)
Net sales 72,148  71,309  68,619  65,017  59,074  56,223 
Shareholders’ equity 1,972  3,644  5,873  6,434  7,654  9,968 
Long-term Activity Ratio
Equity turnover1 36.59 19.57 11.68 10.11 7.72 5.64
Benchmarks
Equity Turnover, Competitors2
Amazon.com Inc. 4.52 5.35 6.42 7.05 8.00
Costco Wholesale Corp. 9.80 10.82 11.71 9.61 10.71
Dollar General Corp. 4.14 3.99 3.83 4.07 3.79 3.31
Home Depot Inc. 69.40 21.83 14.02 8.92
Target Corp. 6.52 6.59 6.14 6.34 5.69 5.19
TJX Cos. Inc. 7.01 7.72 6.97 7.36 7.18 6.82
Walmart Inc. 6.96 7.04 6.37 6.19 5.94 5.92
Equity Turnover, Sector
General Retailers 7.22 7.10 7.23 6.76 6.48
Equity Turnover, Industry
Consumer Services 4.14 4.21 4.28 4.17 4.29

Based on: 10-K (filing date: 2020-03-23), 10-K (filing date: 2019-04-02), 10-K (filing date: 2018-04-02), 10-K (filing date: 2017-04-04), 10-K (filing date: 2016-03-29), 10-K (filing date: 2015-03-31).

1 2020 Calculation
Equity turnover = Net sales ÷ Shareholders’ equity
= 72,148 ÷ 1,972 = 36.59

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Lowe’s Cos. Inc.’s equity turnover ratio improved from 2018 to 2019 and from 2019 to 2020.