OperationRatios
OperationRatios(
time_provider: ITimeProvider,
security_identifier: SecurityIdentifier,
)
Bases: FundamentalTimeDependentProperty
Definition of the OperationRatios class
Creates a new instance for the given time and security
revenue_growth: RevenueGrowth
The growth in the company's revenue on a percentage basis. Morningstar calculates the growth percentage based on the underlying revenue data reported in the Income Statement within the company filings or reports.
operation_income_growth: OperationIncomeGrowth
The growth in the company's operating income and expenses line on a percentage basis.
net_income_growth: NetIncomeGrowth
The growth in the company's net income available to common stockholders, which is net income after preferred dividends, on a percentage basis.
net_income_cont_ops_growth: NetIncomeContOpsGrowth
The growth in the company's net income from continuing operations on a percentage basis. Morningstar calculates the growth percentage based on the underlying net income from continuing operations data reported in the Income Statement within the company filings or reports. This figure represents the rate of net income growth for parts of the business that will continue to generate revenue in the future.
cfo_growth: CFOGrowth
The growth in the company's cash flow from operations on a percentage basis. Morningstar calculates the growth percentage based on the underlying cash flow from operations data reported in the Cash Flow Statement within the company filings or reports.
fcf_growth: FCFGrowth
The growth in the company's free cash flow on a percentage basis. Morningstar calculates the growth percentage based on the underlying cash flow from operations and capital expenditures data reported in the Cash Flow Statement within the company filings or reports: Free Cash Flow = Cash flow from operations - Capital Expenditures.
operation_revenue_growth_3_month_avg: (
OperationRevenueGrowth3MonthAvg
)
The growth in the company's operating revenue on a percentage basis. Morningstar calculates the growth percentage based on the underlying operating revenue data reported in the Income Statement within the company filings or reports.
gross_margin: GrossMargin
Refers to the ratio of gross profit to revenue. Morningstar calculates the ratio by using the underlying data reported in the company filings or reports: (Revenue - Cost of Goods Sold) / Revenue.
operation_margin: OperationMargin
Refers to the ratio of operating income to revenue. Morningstar calculates the ratio by using the underlying data reported in the company filings or reports: Operating Income / Revenue.
pretax_margin: PretaxMargin
Refers to the ratio of pretax income to revenue. Morningstar calculates the ratio by using the underlying data reported in the company filings or reports: Pretax Income / Revenue.
net_margin: NetMargin
Refers to the ratio of net income from continuing operations to revenue: Net Income from Continuing Operations / Revenue.
tax_rate: TaxRate
Refers to the ratio of tax provision to pretax income. Morningstar calculates the ratio by using the underlying data reported in the company filings or reports: Tax Provision / Pretax Income.
ebit_margin: EBITMargin
Refers to the ratio of earnings before interest and taxes to revenue. Morningstar calculates the ratio by using the underlying data reported in the company filings or reports: EBIT / Revenue.
ebitda_margin: EBITDAMargin
Refers to the ratio of earnings before interest, taxes and depreciation and amortization to revenue. Morningstar calculates the ratio by using the underlying data reported in the company filings or reports: EBITDA / Revenue.
sales_per_employee: SalesPerEmployee
Refers to the ratio of Revenue to Employees. Morningstar calculates the ratio by using the underlying data reported in the company filings or reports: Revenue / Employee Number.
current_ratio: CurrentRatio
Refers to the ratio of Current Assets to Current Liabilities. Morningstar calculates the ratio by using the underlying data reported in the Balance Sheet within the company filings or reports: Current Assets / Current Liabilities.
quick_ratio: QuickRatio
Refers to the ratio of liquid assets to Current Liabilities. Morningstar calculates the ratio by using the underlying data reported in the Balance Sheet within the company filings or reports:(Cash, Cash Equivalents, and Short Term Investments + Receivables ) / Current Liabilities.
long_term_debt_total_capital_ratio: (
LongTermDebtTotalCapitalRatio
)
Refers to the ratio of Long Term Debt to Total Capital. Morningstar calculates the ratio by using the underlying data reported in the Balance Sheet within the company filings or reports: Long-Term Debt And Capital Lease Obligation / (Long-Term Debt And Capital Lease Obligation + Total Shareholder's Equity)
interest_coverage: InterestCoverage
Refers to the ratio of EBIT to Interest Expense. Morningstar calculates the ratio by using the underlying data reported in the Income Statement within the company filings or reports: EBIT / Interest Expense.
long_term_debt_equity_ratio: LongTermDebtEquityRatio
Refers to the ratio of Long Term Debt to Common Equity. Morningstar calculates the ratio by using the underlying data reported in the Balance Sheet within the company filings or reports: Long-Term Debt And Capital Lease Obligation / Common Equity. <Note: Common Equity = Total Shareholder's Equity - Preferred Stock>
financial_leverage: FinancialLeverage
The degree of combined leverage: the percentage change in the company's net income relative to the percentage change in its revenue.
total_debt_equity_ratio: TotalDebtEquityRatio
Refers to the ratio of Total Debt to Common Equity. Morningstar calculates the ratio by using the underlying data reported in the Balance Sheet within the company filings or reports: (Current Debt And Current Capital Lease Obligation + Long-Term Debt And Long-Term Capital Lease Obligation / Common Equity. <Note: Common Equity = Total Shareholder's Equity - Preferred Stock>
normalized_net_profit_margin: NormalizedNetProfitMargin
Normalized Income / Total Revenue. A measure of profitability of the company calculated by finding Normalized Net Profit as a percentage of Total Revenues.
cash_conversion_cycle: CashConversionCycle
Days In Inventory + Days In Sales - Days In Payment
roic: ROIC
Net Income / (Total Equity + Long-term Debt and Capital Lease Obligation + Short-term Debt and Capital Lease Obligation)
debt_to_assets: DebtToAssets
This is a leverage ratio used to determine how much debt (a sum of long term and current portion of debt) a company has on its balance sheet relative to total assets. This ratio examines the percent of the company that is financed by debt.
common_equity_to_assets: CommonEquityToAssets
This is a financial ratio of common stock equity to total assets that indicates the relative proportion of equity used to finance a company's assets.
capital_expenditure_annual_5_yr_growth: (
CapitalExpenditureAnnual5YrGrowth
)
This is the compound annual growth rate of the company's capital spending over the last 5 years. Capital Spending is the sum of the Capital Expenditure items found in the Statement of Cash Flows.
gross_profit_annual_5_yr_growth: GrossProfitAnnual5YrGrowth
This is the compound annual growth rate of the company's Gross Profit over the last 5 years.
gross_margin_5_yr_avg: GrossMargin5YrAvg
This is the simple average of the company's Annual Gross Margin over the last 5 years. Gross Margin is Total Revenue minus Cost of Goods Sold divided by Total Revenue and is expressed as a percentage.
post_tax_margin_5_yr_avg: PostTaxMargin5YrAvg
This is the simple average of the company's Annual Post Tax Margin over the last 5 years. Post tax margin is Post tax divided by total revenue for the same period.
pre_tax_margin_5_yr_avg: PreTaxMargin5YrAvg
This is the simple average of the company's Annual Pre Tax Margin over the last 5 years. Pre tax margin is Pre tax divided by total revenue for the same period.
profit_margin_5_yr_avg: ProfitMargin5YrAvg
This is the simple average of the company's Annual Net Profit Margin over the last 5 years. Net profit margin is post tax income divided by total revenue for the same period.
roe_5_yr_avg: ROE5YrAvg
This is the simple average of the company's ROE over the last 5 years. Return on equity reveals how much profit a company has earned in comparison to the total amount of shareholder equity found on the balance sheet.
roa_5_yr_avg: ROA5YrAvg
This is the simple average of the company's ROA over the last 5 years. Return on asset is calculated by dividing a company's annual earnings by its average total assets.
avg_5_yrs_roic: AVG5YrsROIC
This is the simple average of the company's ROIC over the last 5 years. Return on invested capital is calculated by taking net operating profit after taxes and dividends and dividing by the total amount of capital invested and expressing the result as a percentage.
regression_growth_operating_revenue_5_years: (
RegressionGrowthOperatingRevenue5Years
)
The five-year growth rate of operating revenue, calculated using regression analysis.
RegressionGrowthOperatingRevenue5Years was retired by Morningstar in 2026 for all periods; no replacement is available.
cash_ratio: CashRatio
Indicates a company's short-term liquidity, defined as short term liquid investments (cash, cash equivalents, short term investments) divided by current liabilities.
cashto_total_assets: CashtoTotalAssets
Represents the percentage of a company's total assets is in cash.
capital_expenditureto_ebitda: CapitalExpendituretoEBITDA
Measures the amount a company is investing in its business relative to EBITDA generated in a given period.
fc_fto_cfo: FCFtoCFO
Indicates the percentage of a company's operating cash flow is free to be invested in its business after capital expenditures.
stockholders_equity_growth: StockholdersEquityGrowth
The growth in the stockholder's equity on a percentage basis. Morningstar calculates the growth percentage based on the residual interest in the assets of the enterprise that remains after deducting its liabilities reported in the Balance Sheet within the company filings or reports.
total_assets_growth: TotalAssetsGrowth
The growth in the total assets on a percentage basis. Morningstar calculates the growth percentage based on the total assets reported in the Balance Sheet within the company filings or reports.
total_liabilities_growth: TotalLiabilitiesGrowth
The growth in the total liabilities on a percentage basis. Morningstar calculates the growth percentage based on the total liabilities reported in the Balance Sheet within the company filings or reports.
total_debt_equity_ratio_growth: TotalDebtEquityRatioGrowth
The growth in the company's total debt to equity ratio on a percentage basis. Morningstar calculates the growth percentage based on the total debt divided by the shareholder's equity reported in the Balance Sheet within the company filings or reports.
cash_ratio_growth: CashRatioGrowth
The growth in the company's cash ratio on a percentage basis. Morningstar calculates the growth percentage based on the short term liquid investments (cash, cash equivalents, short term investments) divided by current liabilities reported in the Balance Sheet within the company filings or reports.
ebitda_growth: EBITDAGrowth
The growth in the company's EBITDA on a percentage basis. Morningstar calculates the growth percentage based on the earnings minus expenses (excluding interest, tax, depreciation, and amortization expenses) reported in the Financial Statements within the company filings or reports.
cash_flow_from_financing_growth: CashFlowFromFinancingGrowth
The growth in the company's cash flows from financing on a percentage basis. Morningstar calculates the growth percentage based on the financing cash flows reported in the Cash Flow Statement within the company filings or reports.
cash_flow_from_investing_growth: CashFlowFromInvestingGrowth
The growth in the company's cash flows from investing on a percentage basis. Morningstar calculates the growth percentage based on the cash flows from investing reported in the Cash Flow Statement within the company filings or reports.
cap_ex_growth: CapExGrowth
The growth in the company's capital expenditures on a percentage basis. Morningstar calculates the growth percentage based on the capital expenditures reported in the Cash Flow Statement within the company filings or reports.
current_ratio_growth: CurrentRatioGrowth
The growth in the company's current ratio on a percentage basis. Morningstar calculates the growth percentage based on the current assets divided by current liabilities reported in the Balance Sheet within the company filings or reports.
working_capital_turnover_ratio: WorkingCapitalTurnoverRatio
Total revenue / working capital (current assets minus current liabilities)
net_income_per_employee: NetIncomePerEmployee
Refers to the ratio of Net Income to Employees. Morningstar calculates the ratio by using the underlying data reported in the company filings or reports: Net Income / Employee Number.
solvency_ratio: SolvencyRatio
Measure of whether a company's cash flow is sufficient to meet its short-term and long-term debt requirements. The lower this ratio is, the greater the probability that the company will be in financial distress. Net Income + Depreciation, Depletion and Amortization/ average of annual Total Liabilities over the most recent two periods.
expense_ratio: ExpenseRatio
A measure of operating performance for Insurance companies, as it shows the relationship between the premiums earned and administrative expenses related to claims such as fees and commissions. A number of 1 or lower is preferred, as this means the premiums exceed the expenses. Calculated as: (Deferred Policy Acquisition Amortization Expense+Fees and Commission Expense+Other Underwriting Expenses+Selling, General and Administrative) / Net Premiums Earned
loss_ratio: LossRatio
A measure of operating performance for Insurance companies, as it shows the relationship between the premiums earned and the expenses related to claims. A number of 1 or lower is preferred, as this means the premiums exceed the expenses. Calculated as: Benefits, Claims and Loss Adjustment Expense, Net / Net Premiums Earned
total_debt_to_invested_capital_ratio: (
TotalDebtToInvestedCapitalRatio
)
This ratio represents the value of a company's total debt relative to its invested capital. This can be used to measure the company's financial leverage. This is calculated using Total Debt divided by Invested Capital.
normalized_return_on_asset: NormalizedReturnOnAsset
This ratio represents the value of a company's normalized income relative to its total assets. This can be used to measure the company's ability to utilize its assets efficiently to generate earnings from its normal operations. This is calculated using Normalized Income (TTM) divided by Average Total Assets.
equity_multiplier_ratio: EquityMultiplierRatio
This ratio represents the value of company's total assets relative to its total equity. This can be used to measure a company's financial leverage and is often referred to as the Financial Leverage Ratio. This is calculated using Total Assets divided by Total Equity.
cash_flow_to_debt_ratio: CashFlowToDebtRatio
This ratio represents the value of a company's cash flow from operating activities relative to its total debt. This can be used to measure a company's ability to use its cash to pay off debt. This is calculated using Cash Flow from Operating Activities (TTM) divided by Average Total Debt.
normalized_return_on_equity: NormalizedReturnOnEquity
This ratio represents the value of a company's normalized income relative to its total equity. This can be used to measure the company's ability to utilize its equity efficiently to generate earnings from its normal operations. This is calculated using Normalized Income (TTM) divided by Average Total Equity.
net_operating_assets_turnover: NetOperatingAssetsTurnover
This ratio represents the value of a company's total revenue relative to the value of its net operating assets. This can be used to measure a company's ability to use its assets efficiently to generate revenue. This is calculated using Total Revenue (TTM) divided by Average Net Operating Assets.
return_on_net_operating_assets: ReturnOnNetOperatingAssets
This ratio represents the value of a company's net income relative to its net operating assets. This can be used to determine how much profit a company generates on its asset base. This is calculated using Net Income from Continuing Operations (TTM) divided by Average Net Operating Assets.
long_term_debt_to_assets_ratio: LongTermDebtToAssetsRatio
This ratio represents the value of a company's long term debt relative to its total assets. This can be used to measure a company's financial leverage. This is calculated using Long Term Debt and Capital Lease Obligations divided by Total Assets.
interest_as_a_percent_of_invested_capital_ratio: (
InterestAsAPercentOfInvestedCapitalRatio
)
This ratio represents the value of a company's interest expense relative to the sum of it's Total Debt and Total Equity. This can be used to measure cost of borrowing in proportion to all capital invested in the company. This is calculated using Interest expenses divided by Invested Capital.
book_value_to_revenue_ratio: BookValueToRevenueRatio
This ratio represents the value of a company's book value relative to its revenue. This can be used to determine a company's fair value when comparing this ratio among different companies within the same sector. This is calculated using Book Value divided by Revenue (TTM).
cash_turnover_ratio: CashTurnoverRatio
This ratio represents the value of a company's total revenue relative to its cash and cash equivalents. This can be used to measure a company's ability to use its cash efficiently to generate revenue. This is calculated using Total Revenue (TTM) divided by Average Cash and Cash Equivalents.
return_on_capital_employed: ReturnOnCapitalEmployed
This ratio represents the value of a company's earnings before interest and tax (EBIT) relative to its Capital Employed. This can be used to measure how much profit a company generates on its capital base. This is calculated using Earnings Before Interest and Tax (EBIT) (TTM); divided by Average Total Assets minus Average Current Liabilities
equity_turnover_ratio: EquityTurnoverRatio
This ratio represents the value of a company's total revenue relative to its average equity. This can be used to measure a company's ability to use the equity efficiently to generate revenue. This is calculated using Total Revenue (TTM) divided by Average Equity.
selling_general_administrative_expense_margin: (
SellingGeneralAdministrativeExpenseMargin
)
This ratio represents the value of a company's selling; general and administrative expenses relative to its total revenue. This can be used to measure a company's profitability. This is calculated using SG&A Expenses divided by Total Revenue.
free_cash_flow_interest_coverage: (
FreeCashFlowInterestCoverage
)
This ratio represents the value of a company's free cash flow relative to its interest expense. This can be used to measure a company's ability to use its free cash flow to pay off its interest expense. This is calculated using Free Cash Flow divided by Interest Expense.
ebitda_net_capital_expenditure_to_interest_expenses_ratio: (
EBITDANetCapitalExpenditureToInterestExpensesRatio
)
This ratio represents the value of a company's EBITDA Net Capital Expenditure relative to its interest expense. This can be used to measure a company's ability to use EBITDA after deducting capital expenditures to pay off its interest expense. This ratio is useful for companies with high capital expenditures; including manufacturing and mining firms. This is calculated using EBITDA minus Capital Expenditure; divided by Interest Expense.
ebitda_interest_coverage: EBITDAInterestCoverage
This ratio represents the value of a company's EBITDA relative to its interest expense. This can be used to measure a company's ability to use EBITDA to pay off its interest expense. This is calculated using EBITDA divided by Interest Expense.
excess_cash_margin: ExcessCashMargin
This ratio represents the value of a company's excess cash relative to its total revenue. This can be used to measure a company's profitability. This is calculated using (Cash Flow from Operating Activities Used for Calculations - Total Operating Profit/Loss) / Total Revenue
normalized_ebit_margin: NormalizedEBITMargin
This ratio represents the value of a company's normalized EBIT relative to its total revenue. This can be used to fairly measure a company's profitability. This is calculated using Normalized EBIT divided by Total Revenue.
normalized_ebitda_margin: NormalizedEBITDAMargin
This ratio represents the value of a company's normalized EBITDA relative to its total revenue. This can be used to fairly measure a company's profitability. This is calculated using Normalized EBITDA divided by Total Revenue.
ebitdar_margin: EBITDARMargin
This ratio represents the value of a company's EBITDAR relative to its total revenue. This can be used to measure a company's profitability. This is calculated using EBITDAR divided by Total Revenue.
normalized_ebitdar_margin: NormalizedEBITDARMargin
This ratio represents the value of a company's normalized EBITDAR relative to its total revenue. This can be used to fairly measure a company's profitability. This is calculated using Normalized EBITDAR divided by Total Revenue.
normalized_income_per_full_time_employee: (
NormalizedIncomePerFullTimeEmployee
)
This calculation represents the amount of normalized income generated by each employee. This can be used to measure a company's productivity. This is calculated using Normalized Income (TTM) divided by Number of Full Time Employees.
cash_flow_from_operating_activities_per_full_time_employee: (
CashFlowFromOperatingActivitiesPerFullTimeEmployee
)
This calculation represents the amount of cash flow from operating activities generated by each employee. This can be used to measure a company's productivity. This is calculated using Cash Flow From Operating Activities (TTM) divided by Number of Full Time Employees.
book_value_to_net_income_ratio: BookValueToNetIncomeRatio
This ratio represents the value of a company's book value relative to its net income. This can be used to determine a company's fair value when comparing this ratio among different companies within the same sector. This is calculated using Book Value divided by Net Income (TTM).
degree_of_operating_leverage: DegreeOfOperatingLeverage
This ratio represents the value of the net change of a company's EBIT relative to its net change of revenue. This can be used to evaluate the sensitivity of EBIT to a given change in total revenue. This is calculated using the percentage change of EBIT divided by the percentage change of Total Revenue.
free_cash_flow_to_assets_ratio: FreeCashFlowToAssetsRatio
This ratio represents the value of a company's free cash flow relative to its total assets. This can be used to measure a company's ability to transfer each dollar worth of assets into cash. This is calculated using the Free Cash Flow (TTM) divided by Average Total Assets.
free_cash_flow_to_debt_ratio: FreeCashFlowToDebtRatio
This ratio represents the value of a company's free cash flow relative to its total debt. This can be used to measure a company's ability to use its free cash to pay off its debt. This is calculated using the Free Cash Flow (TTM) divided by Average Total Debt.
total_debt_to_ebitda_ratio: TotalDebtToEBITDARatio
This ratio represents the value of a company's total debt relative to its EBITDA. This can be used to measure the company's ability to pay off its debt. This is calculated using Average Total Debt divided by EBITDA (TTM).
net_debt_to_ebitda_ratio: NetDebtToEBITDARatio
This ratio represents the value of a company's net debt relative to its EBITDA. This can be used to measure the company's ability to pay off its debt. This is calculated using Average Net Debt divided by EBITDA (TTM).
free_cash_flow_to_equity_ratio: FreeCashFlowToEquityRatio
This ratio represents the value of a company's free cash flow relative to its total equity. This can be used to measure the amount of cash available for distribution for each dollar worth of equity. This is calculated using the Free Cash Flow (TTM) divided by Average Total Equity.
ebita_margin: EBITAMargin
This ratio represents the value of a company's EBITA relative to its total revenue. This can be used to measure a company's profitability. This is calculated using EBITA divided by Total Revenue.
book_value_to_ebitda_ratio: BookValueToEBITDARatio
This ratio represents the value of a company's book value relative to its EBITDA. This can be used to determine a company's fair value when comparing this ratio among different companies within the same sector. This is calculated using Book Value divided by EBITDA (TTM).
book_value_to_ebit_ratio: BookValueToEBITRatio
This ratio represents the value of a company's book value relative to its EBIT. This can be used to determine a company's fair value when comparing this ratio among different companies within the same sector. This is calculated using Book Value divided by EBIT (TTM).
net_income_after_minority_interest_growth: (
NetIncomeAfterMinorityInterestGrowth
)
The growth of Net Income after Minority Interest against the same period a window earlier. Net Income after Minority Interest represents net income or loss of the company after non-controlling interests attribution.
normalized_income_growth: NormalizedIncomeGrowth
The growth of Normalized Income against the same period a window earlier. Normalized Income is calculated using Net Income from Continuing Operations plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs.
net_income_selection_growth: NetIncomeSelectionGrowth
The growth of Net Income Selection against the same period a window earlier. Net Income Selection is calculated by using Net Income from Continuing Operations; minus Non-Controlling/Minority Interests and Preferred/Other Stock Distribution.
ebit_growth: EBITGrowth
The growth of EBIT against the same period a window earlier. EBIT is calculated by using the summation of Pretax Income and Net Interest Income/Expenses.
total_operating_profit_loss_growth: (
TotalOperatingProfitLossGrowth
)
The growth of Total Operating Profit/Loss against the same period a window earlier. Total Operating Profit/Loss represents profit or loss realized by calculating the difference between sales and total operating expenses.
cash_flow_from_operations_growth: (
CashFlowFromOperationsGrowth
)
The growth of Cash Flow from Operations calculated as <(Value from current period / Value from the same period 5 years ago)^(1/5) - 1>. Cash Flow from Operations is calculated using Net Cash Flow from Operating Activities - Changes in Net Working Capital.
clone(
time_provider: ITimeProvider,
) -> FundamentalTimeDependentProperty
Clones this instance