Stock Analysis on Net

Salesforce Inc. (NYSE:CRM)

Analysis of Long-term (Investment) Activity Ratios

Microsoft Excel

Long-term Activity Ratios (Summary)

Salesforce Inc., long-term (investment) activity ratios

Microsoft Excel
Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017
Net fixed asset turnover 9.41 8.64 7.20 6.48 5.38 4.69
Net fixed asset turnover (including operating lease, right-of-use asset) 4.65 3.75 3.16 6.48 5.38 4.69
Total asset turnover 0.28 0.32 0.31 0.43 0.50 0.48
Equity turnover 0.46 0.51 0.50 0.85 1.12 1.12

Based on: 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Salesforce Inc. net fixed asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.
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). Salesforce Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2020 to 2021 and from 2021 to 2022.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Salesforce Inc. total asset turnover ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Salesforce Inc. equity turnover ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.

Net Fixed Asset Turnover

Salesforce Inc., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel
Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017
Selected Financial Data (US$ in millions)
Revenues 26,492  21,252  17,098  13,282  10,480  8,392 
Property and equipment, net 2,815  2,459  2,375  2,051  1,947  1,788 
Long-term Activity Ratio
Net fixed asset turnover1 9.41 8.64 7.20 6.48 5.38 4.69
Benchmarks
Net Fixed Asset Turnover, Competitors2
Accenture PLC 30.83 28.68 31.06 32.91 32.23
Adobe Inc. 9.44 8.48 8.64 8.40 7.79
International Business Machines Corp. 10.07 7.33 7.71 7.38 7.12
Intuit Inc. 12.35 10.46 8.70 7.34 5.03
Mastercard Inc. 15.28 13.26 15.11 16.23 15.07
Microsoft Corp. 2.66 2.81 3.24 3.45 3.75 3.79
Oracle Corp. 4.37 5.74 6.26 6.32 6.75 7.10
PayPal Holdings Inc. 13.29 11.87 10.50 8.96 8.57
ServiceNow Inc. 7.70 6.85 7.39 7.51 7.89
Visa Inc. 8.88 7.98 8.53 8.34 8.15
Net Fixed Asset Turnover, Sector
Software & Services 5.11 5.49 5.89 6.18 6.22
Net Fixed Asset Turnover, Industry
Information Technology 4.56 4.33 4.38 4.64 4.75

Based on: 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31).

1 2022 Calculation
Net fixed asset turnover = Revenues ÷ Property and equipment, net
= 26,492 ÷ 2,815 = 9.41

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. Salesforce Inc. net fixed asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

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

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

Microsoft Excel
Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017
Selected Financial Data (US$ in millions)
Revenues 26,492  21,252  17,098  13,282  10,480  8,392 
 
Property and equipment, net 2,815  2,459  2,375  2,051  1,947  1,788 
Operating lease right-of-use assets, net 2,880  3,204  3,040  —  —  — 
Property and equipment, net (including operating lease, right-of-use asset) 5,695  5,663  5,415  2,051  1,947  1,788 
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 4.65 3.75 3.16 6.48 5.38 4.69
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Accenture PLC 10.48 9.37 31.06 32.91 32.23
Adobe Inc. 7.46 6.42 8.64 8.40 7.79
International Business Machines Corp. 6.43 5.00 5.14 7.38 7.12
Intuit Inc. 8.30 8.00 8.70 7.34 5.03
Mastercard Inc. 9.90 8.04 9.24 16.23 15.07
Microsoft Corp. 2.26 2.37 2.70 2.87 3.05 3.79
Oracle Corp. 3.21 4.20 4.74 6.32 6.75 7.10
PayPal Holdings Inc. 9.88 8.53 8.18 8.96 8.57
ServiceNow Inc. 4.34 4.06 3.98 7.51 7.89
Visa Inc. 7.46 6.73 8.53 8.34 8.15
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Software & Services 3.90 4.10 4.83 5.53 6.22
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Information Technology 3.89 3.68 4.08 4.48 4.75

Based on: 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31).

1 2022 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenues ÷ Property and equipment, net (including operating lease, right-of-use asset)
= 26,492 ÷ 5,695 = 4.65

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). Salesforce Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2020 to 2021 and from 2021 to 2022.

Total Asset Turnover

Salesforce Inc., total asset turnover calculation, comparison to benchmarks

Microsoft Excel
Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017
Selected Financial Data (US$ in millions)
Revenues 26,492  21,252  17,098  13,282  10,480  8,392 
Total assets 95,209  66,301  55,126  30,737  21,010  17,585 
Long-term Activity Ratio
Total asset turnover1 0.28 0.32 0.31 0.43 0.50 0.48
Benchmarks
Total Asset Turnover, Competitors2
Accenture PLC 1.17 1.20 1.45 1.70 1.62
Adobe Inc. 0.58 0.53 0.54 0.48 0.50
International Business Machines Corp. 0.43 0.47 0.51 0.65 0.63
Intuit Inc. 0.62 0.70 1.08 1.15 1.27
Mastercard Inc. 0.50 0.46 0.58 0.60 0.59
Microsoft Corp. 0.54 0.50 0.47 0.44 0.43 0.37
Oracle Corp. 0.39 0.31 0.34 0.36 0.29 0.28
PayPal Holdings Inc. 0.33 0.30 0.35 0.36 0.32
ServiceNow Inc. 0.55 0.52 0.57 0.67 0.57
Visa Inc. 0.29 0.27 0.32 0.30 0.27
Total Asset Turnover, Sector
Software & Services 0.46 0.45 0.48 0.48 0.45
Total Asset Turnover, Industry
Information Technology 0.59 0.54 0.56 0.57 0.49

Based on: 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31).

1 2022 Calculation
Total asset turnover = Revenues ÷ Total assets
= 26,492 ÷ 95,209 = 0.28

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. Salesforce Inc. total asset turnover ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.

Equity Turnover

Salesforce Inc., equity turnover calculation, comparison to benchmarks

Microsoft Excel
Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017
Selected Financial Data (US$ in millions)
Revenues 26,492  21,252  17,098  13,282  10,480  8,392 
Stockholders’ equity 58,131  41,493  33,885  15,605  9,388  7,500 
Long-term Activity Ratio
Equity turnover1 0.46 0.51 0.50 0.85 1.12 1.12
Benchmarks
Equity Turnover, Competitors2
Accenture PLC 2.59 2.61 3.00 4.01 4.11
Adobe Inc. 1.07 0.97 1.06 0.96 0.86
International Business Machines Corp. 3.03 3.57 3.70 4.74 4.50
Intuit Inc. 0.98 1.50 1.81 2.53 3.82
Mastercard Inc. 2.58 2.39 2.86 2.77 2.29
Microsoft Corp. 1.19 1.18 1.21 1.23 1.33 1.24
Oracle Corp. 7.73 3.24 1.81 0.87 0.70
PayPal Holdings Inc. 1.17 1.07 1.05 1.00 0.82
ServiceNow Inc. 1.60 1.59 1.63 2.35 3.31
Visa Inc. 0.64 0.60 0.66 0.61 0.56
Equity Turnover, Sector
Software & Services 1.36 1.40 1.52 1.51 1.38
Equity Turnover, Industry
Information Technology 1.61 1.57 1.58 1.56 1.25

Based on: 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31).

1 2022 Calculation
Equity turnover = Revenues ÷ Stockholders’ equity
= 26,492 ÷ 58,131 = 0.46

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. Salesforce Inc. equity turnover ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.