Archer-Daniels-Midland Company (ADM)
Total 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 |
| Total assets | US$ in thousands | 35,910,000 | 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 |
| Total asset turnover | 2.38 | 1.67 | 1.68 | 1.67 | 1.72 | 1.76 | 1.81 | 1.74 | 1.70 | 1.69 | 1.53 | 1.39 | 1.52 | 1.53 | 1.47 | 1.33 | 1.29 | 1.40 | 1.45 | 1.33 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $85,530,000K ÷ $35,910,000K
= 2.38
Archer-Daniels-Midland Company's total asset turnover has displayed fluctuations over the period under review. The ratio ranged from a low of 1.29 in December 31, 2020, to a peak of 2.38 in December 31, 2024. Overall, the trend shows an increasing pattern from 2020 to 2024, with the ratio generally trending upwards after a slight dip in the earlier years. This suggests that the company is efficiently utilizing its assets to generate revenue. The significant improvement in total asset turnover from 2020 to 2024 indicates that Archer-Daniels-Midland has been more effective in generating sales from its total assets during this period, reflecting positively on its operational efficiency. However, the ratio has experienced some fluctuations, which may require further evaluation to understand the factors contributing to these variations.
Peer comparison
Dec 31, 2024