Bunge Limited (BG)
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 | 53,108,000 | 54,502,000 | 55,821,000 | 57,629,000 | 59,540,000 | 61,264,000 | 63,796,000 | 66,680,000 | 67,232,000 | 67,255,000 | 64,613,000 | 62,071,000 | 59,152,000 | 55,079,000 | 51,121,000 | 45,192,000 | 41,404,000 | 39,577,000 | 39,741,000 | 40,375,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 5,147,000 | 5,103,000 | 4,684,000 | 4,641,000 | 4,499,000 | 3,463,000 | 3,561,000 | 4,411,000 | 4,568,000 | 4,577,000 | 3,645,000 | 3,775,000 | 3,720,000 | 3,714,000 | 3,830,000 |
| Fixed asset turnover | — | — | — | — | — | 11.90 | 12.50 | 14.24 | 14.49 | 14.95 | 18.66 | 17.43 | 13.41 | 12.06 | 11.17 | 12.40 | 10.97 | 10.64 | 10.70 | 10.54 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $53,108,000K ÷ $—K
= —
The fixed asset turnover ratio for Bunge Limited has shown a consistent increasing trend from March 31, 2020, to June 30, 2022. During this period, the ratio improved substantially, indicating that the company was generating more revenue relative to its investment in fixed assets. The peak was observed on June 30, 2022, at 18.66, suggesting that Bunge was efficiently utilizing its fixed assets to generate sales.
However, there was a slight decline in the fixed asset turnover ratio in the following periods, with the ratio fluctuating between 14.24 and 11.90 by December 31, 2023. This drop may imply a decrease in the company's efficiency in utilizing its fixed assets to generate revenue or a potential increase in fixed asset investments without proportional revenue growth.
By December 31, 2023, the fixed asset turnover ratio seems to be stabilizing but at a lower level compared to the peak in June 2022. It is important for Bunge Limited to monitor and potentially improve this ratio to ensure optimal utilization of fixed assets and maintain healthy revenue generation in the future.
Peer comparison
Dec 31, 2024