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)
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
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
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
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
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. |