Celanese Corporation (CE)
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 | 10,280,000 | 10,479,000 | 10,554,000 | 10,698,000 | 10,940,000 | 10,719,000 | 10,297,000 | 9,988,000 | 9,673,000 | 9,600,000 | 9,565,000 | 9,277,000 | 8,537,000 | 7,853,000 | 6,998,000 | 5,993,000 | 5,655,000 | 5,496,000 | 5,671,000 | 6,070,000 |
| Total assets | US$ in thousands | 22,857,000 | 25,892,000 | 25,812,000 | 26,033,000 | 26,597,000 | 25,538,000 | 25,649,000 | 26,090,000 | 26,272,000 | 21,337,000 | 12,713,000 | 12,426,000 | 11,975,000 | 11,583,000 | 11,220,000 | 10,756,000 | 10,909,000 | 9,769,000 | 9,506,000 | 9,545,000 |
| Total asset turnover | 0.45 | 0.40 | 0.41 | 0.41 | 0.41 | 0.42 | 0.40 | 0.38 | 0.37 | 0.45 | 0.75 | 0.75 | 0.71 | 0.68 | 0.62 | 0.56 | 0.52 | 0.56 | 0.60 | 0.64 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $10,280,000K ÷ $22,857,000K
= 0.45
Celanese Corporation's total asset turnover ratio has shown varying trends over the periods analyzed. The ratio declined from 0.64 on March 31, 2020, to 0.52 on December 31, 2020, indicating a decrease in efficiency in generating sales from its total assets during this period. Subsequently, there was a slight improvement in the ratio to 0.71 by December 31, 2021.
The company's performance improved further as the total asset turnover ratio reached 0.75 by June 30, 2022, and remained stable at this level until September 30, 2022. However, a notable decline was observed in the ratio to 0.37 by December 31, 2022, signaling a significant reduction in sales generated from total assets during that period.
From March 31, 2023, the total asset turnover ratio started to recover gradually, increasing to 0.41 by June 30, 2024. Although the ratio remained relatively stable around this level in the subsequent periods, it is important for Celanese Corporation to continually monitor and improve its asset utilization efficiency to enhance overall profitability and performance.
Peer comparison
Dec 31, 2024