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.