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)
Time Warner Inc., long-term (investment) activity ratios
Based on: 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Time Warner Inc. net fixed asset turnover ratio improved from 2015 to 2016 but then slightly deteriorated from 2016 to 2017. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Time Warner Inc. total asset turnover ratio improved from 2015 to 2016 and from 2016 to 2017. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Time Warner Inc. equity turnover ratio improved from 2015 to 2016 but then deteriorated significantly from 2016 to 2017. |
Net Fixed Asset Turnover
Time Warner Inc., net fixed asset turnover calculation, comparison to benchmarks
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 31,271) | 29,318) | 28,118) | 27,359) | 29,795) | |
| Property, plant and equipment, net | 2,707) | 2,510) | 2,596) | 2,655) | 3,825) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover1 | 11.55 | 11.68 | 10.83 | 10.30 | 7.79 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||
| Alphabet Inc. | — | — | — | — | — | |
| Comcast Corp. | — | — | — | — | — | |
| Meta Platforms Inc. | — | — | — | — | — | |
| Netflix Inc. | — | — | — | — | — | |
| Walt Disney Co. | — | — | — | — | — | |
Based on: 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).
1 2017 Calculation
Net fixed asset turnover = Revenues ÷ Property, plant and equipment, net
= 31,271 ÷ 2,707 = 11.55
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. | Time Warner Inc. net fixed asset turnover ratio improved from 2015 to 2016 but then slightly deteriorated from 2016 to 2017. |
Total Asset Turnover
Time Warner Inc., total asset turnover calculation, comparison to benchmarks
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 31,271) | 29,318) | 28,118) | 27,359) | 29,795) | |
| Total assets | 69,209) | 65,966) | 63,848) | 63,259) | 67,994) | |
| Long-term Activity Ratio | ||||||
| Total asset turnover1 | 0.45 | 0.44 | 0.44 | 0.43 | 0.44 | |
| Benchmarks | ||||||
| Total Asset Turnover, Competitors2 | ||||||
| Alphabet Inc. | — | — | — | — | — | |
| Comcast Corp. | — | — | — | — | — | |
| Meta Platforms Inc. | — | — | — | — | — | |
| Netflix Inc. | — | — | — | — | — | |
| Walt Disney Co. | — | — | — | — | — | |
Based on: 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).
1 2017 Calculation
Total asset turnover = Revenues ÷ Total assets
= 31,271 ÷ 69,209 = 0.45
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. | Time Warner Inc. total asset turnover ratio improved from 2015 to 2016 and from 2016 to 2017. |
Equity Turnover
Time Warner Inc., equity turnover calculation, comparison to benchmarks
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 31,271) | 29,318) | 28,118) | 27,359) | 29,795) | |
| Total Time Warner Inc. shareholders’ equity | 28,375) | 24,335) | 23,619) | 24,476) | 29,904) | |
| Long-term Activity Ratio | ||||||
| Equity turnover1 | 1.10 | 1.20 | 1.19 | 1.12 | 1.00 | |
| Benchmarks | ||||||
| Equity Turnover, Competitors2 | ||||||
| Alphabet Inc. | — | — | — | — | — | |
| Comcast Corp. | — | — | — | — | — | |
| Meta Platforms Inc. | — | — | — | — | — | |
| Netflix Inc. | — | — | — | — | — | |
| Walt Disney Co. | — | — | — | — | — | |
Based on: 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).
1 2017 Calculation
Equity turnover = Revenues ÷ Total Time Warner Inc. shareholders’ equity
= 31,271 ÷ 28,375 = 1.10
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. | Time Warner Inc. equity turnover ratio improved from 2015 to 2016 but then deteriorated significantly from 2016 to 2017. |