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

Sherwin-Williams Co. (NYSE:SHW)

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Analysis of Short-term (Operating) Activity Ratios

Beginner level

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

Short-term Activity Ratios (Summary)

Sherwin-Williams Co., short-term (operating) activity ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
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: 2020-02-21), 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-22), 10-K (filing date: 2016-02-24).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Sherwin-Williams Co.’s inventory turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.
Receivables turnover An activity ratio equal to revenue divided by receivables. Sherwin-Williams Co.’s receivables turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Sherwin-Williams Co.’s payables turnover ratio increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Sherwin-Williams Co.’s working capital turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019 not reaching 2017 level.
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. Sherwin-Williams Co.’s number of days of inventory outstanding improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Sherwin-Williams Co.’s number of days of receivables outstanding improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.
Operating cycle Equal to average inventory processing period plus average receivables collection period. Sherwin-Williams Co.’s operating cycle improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.
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. Sherwin-Williams Co.’s number of days of payables outstanding decreased from 2017 to 2018 but then slightly increased from 2018 to 2019.
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. Sherwin-Williams Co.’s cash conversion cycle improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.

Inventory Turnover

Sherwin-Williams Co., inventory turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in thousands)
Cost of goods sold
Inventories
Short-term Activity Ratio
Inventory turnover1
Benchmarks
Inventory Turnover, Industry
Industrials

Based on: 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-22), 10-K (filing date: 2016-02-24).

1 2019 Calculation
Inventory turnover = Cost of goods sold ÷ Inventories
= ÷ =

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Sherwin-Williams Co.’s inventory turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.

Receivables Turnover

Sherwin-Williams Co., receivables turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in thousands)
Net sales
Accounts receivable, less allowance
Short-term Activity Ratio
Receivables turnover1
Benchmarks
Receivables Turnover, Industry
Industrials

Based on: 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-22), 10-K (filing date: 2016-02-24).

1 2019 Calculation
Receivables turnover = Net sales ÷ Accounts receivable, less allowance
= ÷ =

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Sherwin-Williams Co.’s receivables turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.

Payables Turnover

Sherwin-Williams Co., payables turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in thousands)
Cost of goods sold
Accounts payable
Short-term Activity Ratio
Payables turnover1
Benchmarks
Payables Turnover, Industry
Industrials

Based on: 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-22), 10-K (filing date: 2016-02-24).

1 2019 Calculation
Payables turnover = Cost of goods sold ÷ Accounts payable
= ÷ =

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Sherwin-Williams Co.’s payables turnover ratio increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.

Working Capital Turnover

Sherwin-Williams Co., working capital turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in thousands)
Current assets
Less: Current liabilities
Working capital
 
Net sales
Short-term Activity Ratio
Working capital turnover1
Benchmarks
Working Capital Turnover, Industry
Industrials

Based on: 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-22), 10-K (filing date: 2016-02-24).

1 2019 Calculation
Working capital turnover = Net sales ÷ Working capital
= ÷ =

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. Sherwin-Williams Co.’s working capital turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019 not reaching 2017 level.

Average Inventory Processing Period

Sherwin-Williams Co., average inventory processing period calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data
Inventory turnover
Short-term Activity Ratio (no. days)
Average inventory processing period1
Benchmarks (no. days)
Average Inventory Processing Period, Industry
Industrials

Based on: 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-22), 10-K (filing date: 2016-02-24).

1 2019 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ =

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. Sherwin-Williams Co.’s number of days of inventory outstanding improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.

Average Receivable Collection Period

Sherwin-Williams Co., average receivable collection period calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data
Receivables turnover
Short-term Activity Ratio (no. days)
Average receivable collection period1
Benchmarks (no. days)
Average Receivable Collection Period, Industry
Industrials

Based on: 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-22), 10-K (filing date: 2016-02-24).

1 2019 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ =

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. Sherwin-Williams Co.’s number of days of receivables outstanding improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.

Operating Cycle

Sherwin-Williams Co., operating cycle calculation, comparison to benchmarks

No. days

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data
Average inventory processing period
Average receivable collection period
Short-term Activity Ratio
Operating cycle1
Benchmarks
Operating Cycle, Industry
Industrials

Based on: 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-22), 10-K (filing date: 2016-02-24).

1 2019 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= + =

Short-term activity ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period. Sherwin-Williams Co.’s operating cycle improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.

Average Payables Payment Period

Sherwin-Williams Co., average payables payment period calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data
Payables turnover
Short-term Activity Ratio (no. days)
Average payables payment period1
Benchmarks (no. days)
Average Payables Payment Period, Industry
Industrials

Based on: 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-22), 10-K (filing date: 2016-02-24).

1 2019 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ =

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. Sherwin-Williams Co.’s number of days of payables outstanding decreased from 2017 to 2018 but then slightly increased from 2018 to 2019.

Cash Conversion Cycle

Sherwin-Williams Co., cash conversion cycle calculation, comparison to benchmarks

No. days

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
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, Industry
Industrials

Based on: 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-22), 10-K (filing date: 2016-02-24).

1 2019 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= + – =

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. Sherwin-Williams Co.’s cash conversion cycle improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.