Microsoft Excel LibreOffice Calc

Verizon Communications Inc. (VZ)


Analysis of Long-term (Investment) 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.


Long-term Activity Ratios (Summary)

Verizon Communications Inc., long-term (investment) activity ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Net fixed asset turnover 1.47 1.42 1.49 1.58 1.41
Total asset turnover 0.49 0.49 0.52 0.54 0.55
Equity turnover 2.46 2.92 5.59 8.01 10.33

Based on: 10-K (filing date: 2019-02-15), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-23), 10-K (filing date: 2015-02-23).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Verizon Communications Inc.’s net fixed asset turnover ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 not reaching 2016 level.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Verizon Communications Inc.’s total asset turnover ratio deteriorated from 2016 to 2017 but then slightly improved from 2017 to 2018.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Verizon Communications Inc.’s equity turnover ratio deteriorated from 2016 to 2017 and from 2017 to 2018.

Net Fixed Asset Turnover

Verizon Communications Inc., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Operating revenues 130,863  126,034  125,980  131,620  127,079 
Plant, property and equipment, net 89,286  88,568  84,751  83,541  89,947 
Long-term Activity Ratio
Net fixed asset turnover1 1.47 1.42 1.49 1.58 1.41
Benchmarks
Net Fixed Asset Turnover, Competitors2
AT&T Inc. 1.30 1.28 1.31 1.18 1.17
Net Fixed Asset Turnover, Sector
Fixed Line Telecommunications 1.37 1.34 1.38 1.34
Net Fixed Asset Turnover, Industry
Telecommunications 1.41 1.39 1.42 1.36

Based on: 10-K (filing date: 2019-02-15), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-23), 10-K (filing date: 2015-02-23).

1 2018 Calculation
Net fixed asset turnover = Operating revenues ÷ Plant, property and equipment, net
= 130,863 ÷ 89,286 = 1.47

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. Verizon Communications Inc.’s net fixed asset turnover ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 not reaching 2016 level.

Total Asset Turnover

Verizon Communications Inc., total asset turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Operating revenues 130,863  126,034  125,980  131,620  127,079 
Total assets 264,829  257,143  244,180  244,640  232,708 
Long-term Activity Ratio
Total asset turnover1 0.49 0.49 0.52 0.54 0.55
Benchmarks
Total Asset Turnover, Competitors2
AT&T Inc. 0.32 0.36 0.41 0.36 0.45
Total Asset Turnover, Sector
Fixed Line Telecommunications 0.38 0.41 0.45 0.43
Total Asset Turnover, Industry
Telecommunications 0.40 0.42 0.46 0.44

Based on: 10-K (filing date: 2019-02-15), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-23), 10-K (filing date: 2015-02-23).

1 2018 Calculation
Total asset turnover = Operating revenues ÷ Total assets
= 130,863 ÷ 264,829 = 0.49

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. Verizon Communications Inc.’s total asset turnover ratio deteriorated from 2016 to 2017 but then slightly improved from 2017 to 2018.

Equity Turnover

Verizon Communications Inc., equity turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Operating revenues 130,863  126,034  125,980  131,620  127,079 
Equity attributable to Verizon 53,145  43,096  22,524  16,428  12,298 
Long-term Activity Ratio
Equity turnover1 2.46 2.92 5.59 8.01 10.33
Benchmarks
Equity Turnover, Competitors2
AT&T Inc. 0.93 1.14 1.33 1.20 1.53
Equity Turnover, Sector
Fixed Line Telecommunications 1.27 1.56 1.99 2.00
Equity Turnover, Industry
Telecommunications 1.32 1.58 2.00 1.99

Based on: 10-K (filing date: 2019-02-15), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-23), 10-K (filing date: 2015-02-23).

1 2018 Calculation
Equity turnover = Operating revenues ÷ Equity attributable to Verizon
= 130,863 ÷ 53,145 = 2.46

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. Verizon Communications Inc.’s equity turnover ratio deteriorated from 2016 to 2017 and from 2017 to 2018.