Archer-Daniels-Midland Company (ADM)
Total 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 |
| Total assets | US$ in thousands | 53,271,000 | 54,631,000 | 59,774,000 | 56,136,000 | 49,719,000 |
| Total asset turnover | 1.61 | 1.72 | 1.70 | 1.52 | 1.29 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $85,530,000K ÷ $53,271,000K
= 1.61
Archer-Daniels-Midland Company's total asset turnover has shown a positive trend over the past five years. The ratio increased from 1.29 in December 2020 to 1.52 in December 2021, indicating that the company generated $1.52 in revenue for every $1 of assets during that year.
This upward trend continued in the following years, reaching 1.70 in December 2022, 1.72 in December 2023, and then slightly decreasing to 1.61 in December 2024. The company has generally become more efficient in utilizing its assets to generate revenue, as shown by the increasing total asset turnover ratio.
Overall, the trend suggests that Archer-Daniels-Midland has been able to improve its operational efficiency and generate more revenue relative to its total assets over the years, which is a positive sign for the company's financial performance and management of its assets.
Peer comparison
Dec 31, 2024