Stock Analysis on Net

United Parcel Service Inc. (NYSE:UPS)

Analysis of Long-term (Investment) Activity Ratios

Microsoft Excel

Long-term Activity Ratios (Summary)

United Parcel Service Inc., long-term (investment) activity ratios

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net fixed asset turnover 2.45 2.46 2.89 2.91 2.62
Net fixed asset turnover (including operating lease, right-of-use asset) 2.20 2.20 2.61 2.63 2.40
Total asset turnover 1.30 1.28 1.41 1.40 1.36
Equity turnover 5.45 5.26 5.07 6.83 128.81

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. United Parcel Service Inc. net fixed asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.
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). United Parcel Service Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2022 to 2023 and from 2023 to 2024.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. United Parcel Service Inc. total asset turnover ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. United Parcel Service Inc. equity turnover ratio improved from 2022 to 2023 and from 2023 to 2024.

Net Fixed Asset Turnover

United Parcel Service Inc., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Revenue 91,070 90,958 100,338 97,287 84,628
Property, plant and equipment, net 37,179 36,945 34,719 33,475 32,254
Long-term Activity Ratio
Net fixed asset turnover1 2.45 2.46 2.89 2.91 2.62
Benchmarks
Net Fixed Asset Turnover, Competitors2
FedEx Corp. 2.11 2.22 2.45 2.35 2.06
Uber Technologies Inc. 22.53 17.98 15.31 9.42 6.14
Union Pacific Corp. 0.42 0.42 0.44 0.40 0.36
United Airlines Holdings Inc. 1.33 1.35 1.31 0.77 0.49
Net Fixed Asset Turnover, Sector
Transportation 1.67 1.67 1.79 1.55 1.30
Net Fixed Asset Turnover, Industry
Industrials 2.76 2.86 2.94 2.72 2.17

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Net fixed asset turnover = Revenue ÷ Property, plant and equipment, net
= 91,070 ÷ 37,179 = 2.45

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. United Parcel Service Inc. net fixed asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

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

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

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Revenue 91,070 90,958 100,338 97,287 84,628
 
Property, plant and equipment, net 37,179 36,945 34,719 33,475 32,254
Operating lease right-of-use assets 4,149 4,308 3,755 3,562 3,073
Property, plant and equipment, net (including operating lease, right-of-use asset) 41,328 41,253 38,474 37,037 35,327
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 2.20 2.20 2.61 2.63 2.40
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
FedEx Corp. 1.50 1.55 1.71 1.64 1.46
Uber Technologies Inc. 14.14 11.25 9.03 5.39 3.61
Union Pacific Corp. 0.41 0.41 0.43 0.38 0.35
United Airlines Holdings Inc. 1.22 1.23 1.17 0.67 0.43
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Transportation 1.45 1.44 1.53 1.33 1.12
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Industrials 2.41 2.49 2.54 2.34 1.92

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenue ÷ Property, plant and equipment, net (including operating lease, right-of-use asset)
= 91,070 ÷ 41,328 = 2.20

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). United Parcel Service Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2022 to 2023 and from 2023 to 2024.

Total Asset Turnover

United Parcel Service Inc., total asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Revenue 91,070 90,958 100,338 97,287 84,628
Total assets 70,070 70,857 71,124 69,405 62,408
Long-term Activity Ratio
Total asset turnover1 1.30 1.28 1.41 1.40 1.36
Benchmarks
Total Asset Turnover, Competitors2
FedEx Corp. 1.01 1.03 1.09 1.01 0.94
Uber Technologies Inc. 0.86 0.96 0.99 0.45 0.33
Union Pacific Corp. 0.36 0.36 0.38 0.34 0.31
United Airlines Holdings Inc. 0.77 0.76 0.67 0.36 0.26
Total Asset Turnover, Sector
Transportation 0.87 0.88 0.92 0.76 0.69
Total Asset Turnover, Industry
Industrials 0.65 0.67 0.66 0.58 0.50

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Total asset turnover = Revenue ÷ Total assets
= 91,070 ÷ 70,070 = 1.30

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. United Parcel Service Inc. total asset turnover ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024.

Equity Turnover

United Parcel Service Inc., equity turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Revenue 91,070 90,958 100,338 97,287 84,628
Equity for controlling interests 16,718 17,306 19,786 14,253 657
Long-term Activity Ratio
Equity turnover1 5.45 5.26 5.07 6.83 128.81
Benchmarks
Equity Turnover, Competitors2
FedEx Corp. 3.18 3.46 3.75 3.47 3.78
Uber Technologies Inc. 2.04 3.31 4.34 1.21 0.91
Union Pacific Corp. 1.44 1.63 2.05 1.54 1.15
United Airlines Holdings Inc. 4.50 5.76 6.52 4.90 2.58
Equity Turnover, Sector
Transportation 3.19 3.76 4.16 3.40 3.69
Equity Turnover, Industry
Industrials 2.92 3.33 3.06 2.63 2.75

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Equity turnover = Revenue ÷ Equity for controlling interests
= 91,070 ÷ 16,718 = 5.45

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. United Parcel Service Inc. equity turnover ratio improved from 2022 to 2023 and from 2023 to 2024.