Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.

Procter & Gamble Co., long-term (investment) activity ratios

Long-term activity ratio	Description	The company
Net fixed asset turnover	An activity ratio calculated as total revenue divided by net fixed assets.	Procter & Gamble Co.’s net fixed asset turnover ratio deteriorated from 2017 to 2018 and from 2018 to 2019.
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	Procter & Gamble Co.’s total asset turnover ratio improved from 2017 to 2018 and from 2018 to 2019.
Equity turnover	An activity ratio calculated as total revenue divided by shareholders’ equity.	Procter & Gamble Co.’s equity turnover ratio improved from 2017 to 2018 and from 2018 to 2019.

Procter & Gamble Co., net fixed asset turnover calculation, comparison to benchmarks

		Jun 30, 2019	Jun 30, 2018	Jun 30, 2017	Jun 30, 2016	Jun 30, 2015	Jun 30, 2014
	Selected Financial Data (US$ in millions)
	Net sales
	Property, plant and equipment, net
	Long-term Activity Ratio
	Net fixed asset turnover¹
	Benchmarks
	Net Fixed Asset Turnover, Industry
	Consumer Goods

¹ 2019 Calculation
Net fixed asset turnover = Net sales ÷ Property, plant and equipment, net
= hidden ÷ hidden = hidden

Long-term activity ratio	Description	The company
Net fixed asset turnover	An activity ratio calculated as total revenue divided by net fixed assets.	Procter & Gamble Co.’s net fixed asset turnover ratio deteriorated from 2017 to 2018 and from 2018 to 2019.

Procter & Gamble Co., total asset turnover calculation, comparison to benchmarks

		Jun 30, 2019	Jun 30, 2018	Jun 30, 2017	Jun 30, 2016	Jun 30, 2015	Jun 30, 2014
	Selected Financial Data (US$ in millions)
	Net sales
	Total assets
	Long-term Activity Ratio
	Total asset turnover¹
	Benchmarks
	Total Asset Turnover, Industry
	Consumer Goods

¹ 2019 Calculation
Total asset turnover = Net sales ÷ Total assets
= hidden ÷ hidden = hidden

Long-term activity ratio	Description	The company
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	Procter & Gamble Co.’s total asset turnover ratio improved from 2017 to 2018 and from 2018 to 2019.

Procter & Gamble Co., equity turnover calculation, comparison to benchmarks

		Jun 30, 2019	Jun 30, 2018	Jun 30, 2017	Jun 30, 2016	Jun 30, 2015	Jun 30, 2014
	Selected Financial Data (US$ in millions)
	Net sales
	Shareholders’ equity attributable to Procter & Gamble
	Long-term Activity Ratio
	Equity turnover¹
	Benchmarks
	Equity Turnover, Industry
	Consumer Goods

¹ 2019 Calculation
Equity turnover = Net sales ÷ Shareholders’ equity attributable to Procter & Gamble
= hidden ÷ hidden = hidden

Long-term activity ratio	Description	The company
Equity turnover	An activity ratio calculated as total revenue divided by shareholders’ equity.	Procter & Gamble Co.’s equity turnover ratio improved from 2017 to 2018 and from 2018 to 2019.

	Procter & Gamble Co.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
Analysis of Financial Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis of Components of Financial Statements
Financial Reporting Quality

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Financial Statements
Common-Size Financial Statements
Analysis of Financial Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis of Components of Financial Statements
Financial Reporting Quality

Procter & Gamble Co. (PG)

Analysis of Long-term (Investment) Activity Ratios