Celanese Corporation (CE)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,280,000 | 10,940,000 | 9,673,000 | 8,537,000 | 5,655,000 |
| Total assets | US$ in thousands | 22,857,000 | 26,597,000 | 26,272,000 | 11,975,000 | 10,909,000 |
| Total asset turnover | 0.45 | 0.41 | 0.37 | 0.71 | 0.52 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $10,280,000K ÷ $22,857,000K
= 0.45
Based on the provided data, the total asset turnover ratio of Celanese Corporation has exhibited some fluctuations over the years.
In December 31, 2020, the total asset turnover was recorded at 0.52, indicating that the company generated $0.52 in sales for every dollar of total assets owned during that period.
By December 31, 2021, the total asset turnover improved to 0.71, suggesting an increase in the efficiency of asset utilization to generate sales.
However, in the subsequent years, there was a decline in the total asset turnover ratio. By December 31, 2022, it dropped to 0.37, reflecting a decrease in the efficiency of asset management in generating revenue.
Although there was a slight improvement in the total asset turnover ratio by December 31, 2023, reaching 0.41, it remained below the level observed in 2021.
By the end of December 31, 2024, the total asset turnover ratio further increased to 0.45, indicating a moderate enhancement in asset utilization efficiency.
Overall, the total asset turnover of Celanese Corporation has shown variability over the years, with some periods of improvement and decline. It is essential for the company to focus on effectively managing its assets to drive sales and enhance overall performance.
Peer comparison
Dec 31, 2024