Archer-Daniels-Midland Company (ADM)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 85,530,000 | 93,935,000 | 101,848,000 | 85,249,000 | 64,355,000 |
| Property, plant and equipment | US$ in thousands | — | — | 9,933,000 | 9,890,000 | 9,951,000 |
| Fixed asset turnover | — | — | 10.25 | 8.62 | 6.47 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $85,530,000K ÷ $—K
= —
Archer-Daniels-Midland Company's fixed asset turnover ratio has exhibited a positive trend over the years, increasing from 6.47 in December 2020 to 8.62 in December 2021, and further to 10.25 in December 2022. This indicates that the company is generating more revenue relative to its investment in fixed assets, demonstrating improved efficiency in asset utilization.
However, the absence of data for December 2023 and December 2024 makes it challenging to assess the continuation of this trend. It is important for the company to maintain its focus on optimizing the use of its fixed assets to sustain and potentially enhance its operational performance.
Peer comparison
Dec 31, 2024