Bunge Limited (BG)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 53,108,000 | 59,540,000 | 67,232,000 | 59,152,000 | 41,404,000 |
| Property, plant and equipment | US$ in thousands | — | — | 4,641,000 | 4,411,000 | 3,775,000 |
| Fixed asset turnover | — | — | 14.49 | 13.41 | 10.97 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $53,108,000K ÷ $—K
= —
The fixed asset turnover ratio measures the efficiency with which Bunge Limited generates revenue from its fixed assets. The trend over the years shows a consistent improvement in this efficiency metric.
In 2020, the fixed asset turnover was 10.97, indicating that for every dollar invested in fixed assets, the company generated $10.97 in revenue. This ratio increased to 13.41 in 2021, suggesting a higher utilization of fixed assets to generate revenue.
Further improvement was seen in 2022, with the ratio reaching 14.49, indicating an even more efficient use of fixed assets to generate sales. Unfortunately, data for 2023 and 2024 is unavailable.
Overall, the increasing trend in the fixed asset turnover ratio reflects Bunge Limited's ability to optimize the utilization of its fixed assets to drive revenue generation. This suggests a positive operational performance and effective asset management strategy within the company.
Peer comparison
Dec 31, 2024