Chemours Co (CC)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,782,000 | 6,027,000 | 6,794,000 | 6,345,000 | 4,969,000 |
| Total assets | US$ in thousands | 7,515,000 | 8,251,000 | 7,640,000 | 7,550,000 | 7,082,000 |
| Total asset turnover | 0.77 | 0.73 | 0.89 | 0.84 | 0.70 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,782,000K ÷ $7,515,000K
= 0.77
The total asset turnover of Chemours Co has shown some fluctuations over the past five years. The ratio increased from 0.70 in December 31, 2020, to 0.89 by December 31, 2022, indicating that the company generated more revenue relative to its total assets during this period. However, in the following years, the ratio decreased to 0.73 by December 31, 2023, and further to 0.77 by December 31, 2024.
This indicates that, despite some variability, Chemours Co has been moderately effective in utilizing its total assets to generate sales revenue. It suggests that the company may have experienced shifts in its operational efficiency and asset management strategies over the years.
Further analysis would be necessary to determine the specific reasons behind these fluctuations and to assess the company's overall operational performance.
Peer comparison
Dec 31, 2024