Archer-Daniels-Midland Company (ADM)
Total asset turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 87,010,000 | 88,768,000 | 91,710,000 | 93,935,000 | 96,896,000 | 99,884,000 | 101,978,000 | 101,556,000 | 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 | 64,656,000 |
| Total assets | US$ in thousands | 52,199,000 | 52,698,000 | 54,831,000 | 54,631,000 | 55,093,000 | 55,499,000 | 58,802,000 | 59,774,000 | 58,304,000 | 61,828,000 | 64,866,000 | 56,136,000 | 52,298,000 | 50,958,000 | 51,478,000 | 49,719,000 | 44,795,000 | 44,341,000 | 48,395,000 | 43,997,000 |
| Total asset turnover | 1.67 | 1.68 | 1.67 | 1.72 | 1.76 | 1.80 | 1.73 | 1.70 | 1.69 | 1.53 | 1.39 | 1.52 | 1.53 | 1.47 | 1.33 | 1.29 | 1.40 | 1.45 | 1.33 | 1.47 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $87,010,000K ÷ $52,199,000K
= 1.67
Archer-Daniels-Midland Company's total asset turnover has shown fluctuations over the periods disclosed in the table. The total asset turnover ratio indicates how efficiently the company is utilizing its assets to generate sales. A higher total asset turnover ratio generally signifies that the company is effectively using its assets to generate revenue.
From December 2019 to March 2020, the total asset turnover ratio decreased from 1.40 to 1.33, suggesting a decrease in efficiency in utilizing assets to generate sales during that period. However, there was an improvement in the ratio from March 2020 to June 2020, reaching 1.45, indicating a positive trend in asset utilization efficiency.
The ratio peaked at 1.80 in June 2023, signaling a high level of efficiency in generating revenue from assets at that point in time. Subsequently, there was a slight decrease in the ratio until September 2024, where it stood at 1.67. Overall, the company has maintained a relatively stable total asset turnover ratio, albeit with some fluctuations observed over the periods covered in the table.
In conclusion, the total asset turnover analysis suggests that Archer-Daniels-Midland Company has been managing its assets reasonably efficiently to generate sales revenue, with some fluctuations in performance noted over the disclosed periods.
Peer comparison
Sep 30, 2024