Bunge Limited (BG)
Total 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 |
| Total assets | US$ in thousands | 24,899,000 | 25,372,000 | 24,580,000 | 23,819,000 | 23,655,000 |
| Total asset turnover | 2.13 | 2.35 | 2.74 | 2.48 | 1.75 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $53,108,000K ÷ $24,899,000K
= 2.13
The total asset turnover ratio for Bunge Limited has shown a positive trend over the past five years, increasing significantly from 1.75 in December 31, 2020, to 2.13 in December 31, 2024. This indicates that the company is generating more revenue relative to its total assets, which is generally a positive sign of efficiency and operational performance. The peak in asset turnover ratio was observed in December 31, 2022, at 2.74, indicating that the company was particularly effective in utilizing its assets to generate sales during that year. Although there was a slight decline in the ratio in December 31, 2023, the overall trend showcases an efficient utilization of assets to drive revenue for Bunge Limited.
Peer comparison
Dec 31, 2024