Chemours Co (CC)
Total 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 |
Total assets | US$ in thousands | 7,515,000 | 7,463,000 | 7,249,000 | 7,978,000 | 8,251,000 | 7,948,000 | 7,660,000 | 7,624,000 | 7,640,000 | 7,745,000 | 7,730,000 | 7,524,000 | 7,550,000 | 7,530,000 | 7,479,000 | 7,170,000 | 7,082,000 | 6,948,000 | 7,034,000 | 6,948,000 |
Total asset turnover | 0.77 | 0.77 | 0.79 | 0.73 | 0.73 | 0.76 | 0.82 | 0.86 | 0.89 | 0.91 | 0.90 | 0.89 | 0.84 | 0.81 | 0.76 | 0.71 | 0.70 | 0.72 | 0.73 | 0.79 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,783,000K ÷ $7,515,000K
= 0.77
The total asset turnover ratio for Chemours Co has shown a fluctuating trend over the period from March 31, 2020, to December 31, 2024. The ratio started at 0.79 in March 2020, indicating that the company generated $0.79 in revenue for every dollar of assets owned. There was a slight decline to 0.73 by June 2020, and this downward trend continued until December 2020, reaching a ratio of 0.70.
However, from March 2021, there was a gradual improvement in the total asset turnover ratio, which peaked at 0.91 by September 30, 2022. This increase suggests that the company became more efficient in generating revenue from its assets. The ratio then started to decline slightly, reaching 0.77 by December 31, 2024.
Overall, the total asset turnover ratio of Chemours Co indicates that the company's utilization of its assets to generate revenue has shown variability but has generally improved over the period under consideration.
Peer comparison
Dec 31, 2024