Archer-Daniels-Midland Company (ADM)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 85,530,000 | 87,018,000 | 88,776,000 | 91,718,000 | 93,943,000 | 97,188,000 | 100,176,000 | 102,270,000 | 101,848,000 | 98,707,000 | 94,364,000 | 90,006,000 | 85,249,000 | 80,137,000 | 74,923,000 | 68,278,000 | 64,355,000 | 62,706,000 | 64,306,000 | 64,322,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 11,359,000 | 10,127,000 | 10,071,000 | 9,933,000 | 9,605,000 | 9,680,000 | 9,794,000 | 9,890,000 | 9,848,000 | 10,916,000 | 9,799,000 | 9,951,000 | 9,816,000 | 9,833,000 | 9,883,000 |
| Fixed asset turnover | — | — | — | — | — | 8.56 | 9.89 | 10.15 | 10.25 | 10.28 | 9.75 | 9.19 | 8.62 | 8.14 | 6.86 | 6.97 | 6.47 | 6.39 | 6.54 | 6.51 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $85,530,000K ÷ $—K
= —
Archer-Daniels-Midland Company's fixed asset turnover ratio has shown a consistent upward trend over the past few years, reflecting the company's efficiency in generating sales revenue from its fixed assets.
From March 31, 2020, to September 30, 2022, the fixed asset turnover ratio steadily increased from 6.51 to 10.28, indicating that the company was able to generate more sales relative to its investment in fixed assets. The peak value of 10.28 on September 30, 2022, suggests that the company was highly effective in utilizing its fixed assets to drive revenue during that period.
However, there was a slight decrease in the fixed asset turnover ratio in the subsequent periods, dropping to 8.56 on September 30, 2023, and further declining to 10.15 by March 31, 2024. These reductions may indicate a potential decrease in sales relative to the company's fixed asset base, which could warrant further investigation into operational efficiency and asset management practices.
It is worth noting that the data for the fixed asset turnover ratio is not available for the periods beyond March 31, 2024, which limits our ability to provide a complete picture of the company's recent performance in this aspect. Going forward, monitoring the fixed asset turnover ratio and understanding the factors influencing it will be crucial in assessing Archer-Daniels-Midland Company's operational efficiency and asset utilization.
Peer comparison
Dec 31, 2024