Chemours Co (CC)
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 | 5,783,000 | 5,750,000 | 5,736,000 | 5,841,000 | 6,027,000 | 6,004,000 | 6,294,000 | 6,566,000 | 6,794,000 | 7,031,000 | 6,934,000 | 6,674,000 | 6,346,000 | 6,109,000 | 5,662,000 | 5,100,000 | 4,969,000 | 4,984,000 | 5,141,000 | 5,456,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 3,377,000 | 3,190,000 | 3,180,000 | 3,171,000 | 3,303,000 | 3,331,000 | 3,131,000 | 3,381,000 | 3,127,000 | 3,678,000 | 3,432,000 | 3,474,000 | 3,418,000 | 3,696,000 | 3,725,000 |
| Fixed asset turnover | — | — | — | — | — | 1.78 | 1.97 | 2.06 | 2.14 | 2.13 | 2.08 | 2.13 | 1.88 | 1.95 | 1.54 | 1.49 | 1.43 | 1.46 | 1.39 | 1.46 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,783,000K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures a company's ability to generate revenues from its fixed assets. It shows how efficiently a company is utilizing its fixed assets to generate sales.
Analyzing the fixed asset turnover of Chemours Co over the past few years reveals fluctuations in the ratio. The ratio has shown an increasing trend from March 31, 2020 to June 30, 2022, indicating that the company was generating more revenue per dollar of fixed assets during this period. This suggests improved efficiency in asset utilization.
However, from September 30, 2022 onwards, the fixed asset turnover ratio has started to decline, indicating a decrease in the efficiency of generating revenue from fixed assets. This could be due to various reasons such as changes in the business operations, asset impairments, or increased investment in assets that have not yet started contributing to revenue generation.
The ratio reaching its highest point at 2.14 on December 31, 2022, and then dropping to 1.78 by September 30, 2023, suggests a significant change in asset turnover efficiency within a short period of time. The ratio then stays consistent at 1.78 till December 31, 2023.
The lack of data for the periods from March 31, 2024 to December 31, 2024 makes it challenging to assess the current trend in fixed asset turnover. However, it is important for the company to monitor and address any issues affecting the efficiency of fixed asset utilization to ensure sustainable growth and profitability in the long run.
Peer comparison
Dec 31, 2024