CF Industries Holdings Inc (CF)
Fixed 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 | 5,936,000 | 5,983,000 | 5,886,000 | 6,089,000 | 6,631,000 | 7,668,000 | 8,716,000 | 10,330,000 | 11,186,000 | 11,118,000 | 10,159,000 | 8,358,000 | 6,538,000 | 5,100,000 | 4,585,000 | 4,201,000 | 4,124,000 | 4,071,000 | 4,262,000 | 4,560,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 6,433,000 | 6,218,000 | 6,294,000 | 6,691,000 | 6,500,000 | 6,849,000 | 6,906,000 | 7,324,000 | 7,210,000 | 7,665,000 | 7,492,000 | 7,632,000 | 7,724,000 | 7,791,000 | 7,938,000 |
| Fixed asset turnover | — | — | — | — | — | 1.19 | 1.40 | 1.64 | 1.67 | 1.71 | 1.48 | 1.21 | 0.89 | 0.71 | 0.60 | 0.56 | 0.54 | 0.53 | 0.55 | 0.57 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,936,000K ÷ $—K
= —
The fixed asset turnover ratio for CF Industries Holdings Inc has shown a fluctuating trend over the observed period, starting at 0.57 in March 2020. The ratio decreased slightly to 0.55 in June 2020 and continued to decline reaching 0.53 by September 2020. However, there was a slight improvement in the ratio in December 2020 to 0.54.
From March 2021, the fixed asset turnover ratio started to show a consistent upward trend, reaching 0.71 by September 2021 and demonstrating significant improvements in operational efficiency. The ratio showed a substantial increase to 1.21 in March 2022 and continued to rise, reaching 1.67 by December 2022, indicating that the company was generating more sales relative to its investment in fixed assets.
However, starting from March 2023, the fixed asset turnover ratio began to decline, albeit remaining relatively high compared to previous years. The ratio decreased to 1.19 by September 2023, indicating a potential slowdown in sales generated from fixed assets.
Notably, data for the following periods (December 2023, March 2024, June 2024, September 2024, December 2024) is unavailable, which limits a complete assessment of the fixed asset turnover ratio in those periods. Overall, the analysis suggests that CF Industries Holdings Inc has experienced fluctuations in efficiency in generating sales from its fixed assets over the observed period.
Peer comparison
Dec 31, 2024