Analysis of Long-term (Investment) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Phillips 66, long-term (investment) activity ratios
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Phillips 66 net fixed asset turnover ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
| 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). | Phillips 66 net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Phillips 66 total asset turnover ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Phillips 66 equity turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019. |
Net Fixed Asset Turnover
Phillips 66, net fixed asset turnover calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Sales and other operating revenues | 107,293) | 111,461) | 102,354) | 84,279) | 98,975) | |
| Net properties, plants and equipment | 23,786) | 22,018) | 21,460) | 20,855) | 19,721) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover1 | 4.51 | 5.06 | 4.77 | 4.04 | 5.02 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||
| Chevron Corp. | 0.93 | — | — | — | — | |
| ConocoPhillips | 0.77 | — | — | — | — | |
| Exxon Mobil Corp. | 1.01 | — | — | — | — | |
| Marathon Petroleum Corp. | 2.72 | — | — | — | — | |
| Occidental Petroleum Corp. | 0.25 | — | — | — | — | |
| Valero Energy Corp. | 3.70 | — | — | — | — | |
| Net Fixed Asset Turnover, Sector | ||||||
| Oil, Gas & Consumable Fuels | 1.13 | — | — | — | — | |
| Net Fixed Asset Turnover, Industry | ||||||
| Energy | 1.17 | — | — | — | — | |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Net fixed asset turnover = Sales and other operating revenues ÷ Net properties, plants and equipment
= 107,293 ÷ 23,786 = 4.51
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. | Phillips 66 net fixed asset turnover ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Phillips 66, net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Sales and other operating revenues | 107,293) | 111,461) | 102,354) | 84,279) | 98,975) | |
| Net properties, plants and equipment | 23,786) | 22,018) | 21,460) | 20,855) | 19,721) | |
| Operating lease right-of-use assets, (included in Other assets) | 1,312) | —) | —) | —) | —) | |
| Net properties, plants and equipment (including operating lease, right-of-use asset) | 25,098) | 22,018) | 21,460) | 20,855) | 19,721) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 4.27 | 5.06 | 4.77 | 4.04 | 5.02 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | ||||||
| Chevron Corp. | 0.90 | — | — | — | — | |
| ConocoPhillips | 0.75 | — | — | — | — | |
| Exxon Mobil Corp. | 0.98 | — | — | — | — | |
| Marathon Petroleum Corp. | 2.58 | — | — | — | — | |
| Occidental Petroleum Corp. | 0.25 | — | — | — | — | |
| Valero Energy Corp. | 3.54 | — | — | — | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | ||||||
| Oil, Gas & Consumable Fuels | 1.10 | — | — | — | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | ||||||
| Energy | 1.14 | — | — | — | — | |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Sales and other operating revenues ÷ Net properties, plants and equipment (including operating lease, right-of-use asset)
= 107,293 ÷ 25,098 = 4.27
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). | Phillips 66 net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Total Asset Turnover
Phillips 66, total asset turnover calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Sales and other operating revenues | 107,293) | 111,461) | 102,354) | 84,279) | 98,975) | |
| Total assets | 58,720) | 54,302) | 54,371) | 51,653) | 48,580) | |
| Long-term Activity Ratio | ||||||
| Total asset turnover1 | 1.83 | 2.05 | 1.88 | 1.63 | 2.04 | |
| Benchmarks | ||||||
| Total Asset Turnover, Competitors2 | ||||||
| Chevron Corp. | 0.59 | — | — | — | — | |
| ConocoPhillips | 0.46 | — | — | — | — | |
| Exxon Mobil Corp. | 0.70 | — | — | — | — | |
| Marathon Petroleum Corp. | 1.26 | — | — | — | — | |
| Occidental Petroleum Corp. | 0.19 | — | — | — | — | |
| Valero Energy Corp. | 2.01 | — | — | — | — | |
| Total Asset Turnover, Sector | ||||||
| Oil, Gas & Consumable Fuels | 0.73 | — | — | — | — | |
| Total Asset Turnover, Industry | ||||||
| Energy | 0.72 | — | — | — | — | |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Total asset turnover = Sales and other operating revenues ÷ Total assets
= 107,293 ÷ 58,720 = 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. | Phillips 66 total asset turnover ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Equity Turnover
Phillips 66, equity turnover calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Sales and other operating revenues | 107,293) | 111,461) | 102,354) | 84,279) | 98,975) | |
| Stockholders’ equity | 24,910) | 24,653) | 25,085) | 22,390) | 23,100) | |
| Long-term Activity Ratio | ||||||
| Equity turnover1 | 4.31 | 4.52 | 4.08 | 3.76 | 4.28 | |
| Benchmarks | ||||||
| Equity Turnover, Competitors2 | ||||||
| Chevron Corp. | 0.97 | — | — | — | — | |
| ConocoPhillips | 0.93 | — | — | — | — | |
| Exxon Mobil Corp. | 1.33 | — | — | — | — | |
| Marathon Petroleum Corp. | 3.68 | — | — | — | — | |
| Occidental Petroleum Corp. | 0.60 | — | — | — | — | |
| Valero Energy Corp. | 4.97 | — | — | — | — | |
| Equity Turnover, Sector | ||||||
| Oil, Gas & Consumable Fuels | 1.48 | — | — | — | — | |
| Equity Turnover, Industry | ||||||
| Energy | 1.47 | — | — | — | — | |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Equity turnover = Sales and other operating revenues ÷ Stockholders’ equity
= 107,293 ÷ 24,910 = 4.31
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. | Phillips 66 equity turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019. |