Stock Analysis on Net

United Parcel Service Inc. (NYSE:UPS)

Analysis of Long-term (Investment) Activity Ratios 

Microsoft Excel LibreOffice Calc

Long-term Activity Ratios (Summary)

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

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Net fixed asset turnover 2.91 2.62 2.43 2.70 2.98
Net fixed asset turnover (including operating lease, right-of-use asset) 2.63 2.40 2.22 2.70 2.98
Total asset turnover 1.40 1.36 1.28 1.44 1.45
Equity turnover 6.83 128.81 22.68 23.79 65.87

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

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 improved from 2019 to 2020 and from 2020 to 2021.
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) improved from 2019 to 2020 and from 2020 to 2021.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. United Parcel Service Inc. total asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. United Parcel Service Inc. equity turnover ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.

Net Fixed Asset Turnover

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

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Revenue 97,287  84,628  74,094  71,861  65,872 
Property, plant and equipment, net 33,475  32,254  30,482  26,576  22,118 
Long-term Activity Ratio
Net fixed asset turnover1 2.91 2.62 2.43 2.70 2.98
Benchmarks
Net Fixed Asset Turnover, Competitors2
American Airlines Group Inc. 1.01 0.55 1.31 1.31 1.24
CSX Corp. 0.38 0.33 0.37 0.38 0.36
Delta Air Lines Inc. 1.04 0.64 1.50 1.57 1.55
FedEx Corp. 2.35 2.06 2.29 2.32 2.32
Norfolk Southern Corp. 0.35 0.31 0.36 0.37 0.35
Union Pacific Corp. 0.40 0.36 0.40 0.43 0.41
Net Fixed Asset Turnover, Sector
Transportation 1.16 0.94 1.15 1.17 1.14
Net Fixed Asset Turnover, Industry
Industrials 2.09 1.70 2.02 2.14 2.05

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Net fixed asset turnover = Revenue ÷ Property, plant and equipment, net
= 97,287 ÷ 33,475 = 2.91

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 improved from 2019 to 2020 and from 2020 to 2021.

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 LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Revenue 97,287  84,628  74,094  71,861  65,872 
 
Property, plant and equipment, net 33,475  32,254  30,482  26,576  22,118 
Operating lease right-of-use assets 3,562  3,073  2,856  —  — 
Property, plant and equipment, net (including operating lease, right-of-use asset) 37,037  35,327  33,338  26,576  22,118 
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 2.63 2.40 2.22 2.70 2.98
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
American Airlines Group Inc. 0.80 0.44 1.05 1.03 1.24
CSX Corp. 0.37 0.32 0.37 0.38 0.36
Delta Air Lines Inc. 0.83 0.53 1.27 1.29 1.55
FedEx Corp. 1.64 1.46 2.29 2.32 2.32
Norfolk Southern Corp. 0.35 0.31 0.35 0.37 0.35
Union Pacific Corp. 0.38 0.35 0.39 0.43 0.41
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Transportation 1.01 0.83 1.06 1.10 1.14
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Industrials 1.82 1.51 1.86 2.05 2.05

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 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)
= 97,287 ÷ 37,037 = 2.63

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) improved from 2019 to 2020 and from 2020 to 2021.

Total Asset Turnover

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

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Revenue 97,287  84,628  74,094  71,861  65,872 
Total assets 69,405  62,408  57,857  50,016  45,403 
Long-term Activity Ratio
Total asset turnover1 1.40 1.36 1.28 1.44 1.45
Benchmarks
Total Asset Turnover, Competitors2
American Airlines Group Inc. 0.45 0.28 0.76 0.74 0.82
CSX Corp. 0.31 0.27 0.31 0.33 0.32
Delta Air Lines Inc. 0.41 0.24 0.73 0.74 0.77
FedEx Corp. 1.01 0.94 1.28 1.25 1.24
Norfolk Southern Corp. 0.29 0.26 0.30 0.32 0.30
Union Pacific Corp. 0.34 0.31 0.35 0.39 0.37
Total Asset Turnover, Sector
Transportation 0.66 0.56 0.75 0.77 0.77
Total Asset Turnover, Industry
Industrials 0.57 0.48 0.61 0.65 0.61

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Total asset turnover = Revenue ÷ Total assets
= 97,287 ÷ 69,405 = 1.40

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 improved from 2019 to 2020 and from 2020 to 2021.

Equity Turnover

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

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Revenue 97,287  84,628  74,094  71,861  65,872 
Equity for controlling interests 14,253  657  3,267  3,021  1,000 
Long-term Activity Ratio
Equity turnover1 6.83 128.81 22.68 23.79 65.87
Benchmarks
Equity Turnover, Competitors2
American Airlines Group Inc. 10.75
CSX Corp. 0.93 0.81 1.01 0.98 0.78
Delta Air Lines Inc. 7.69 11.14 3.06 3.25 2.97
FedEx Corp. 3.47 3.78 3.92 3.37 3.75
Norfolk Southern Corp. 0.82 0.66 0.74 0.75 0.64
Union Pacific Corp. 1.54 1.15 1.20 1.12 0.85
Equity Turnover, Sector
Transportation 3.76 3.90 3.46 3.24 2.78
Equity Turnover, Industry
Industrials 2.84 2.93 3.71 3.72 3.02

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Equity turnover = Revenue ÷ Equity for controlling interests
= 97,287 ÷ 14,253 = 6.83

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 2019 to 2020 but then deteriorated significantly from 2020 to 2021.