CF Industries Holdings Inc (CF)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,631,000 | 11,186,000 | 6,538,000 | 4,124,000 | 4,590,000 |
| Total assets | US$ in thousands | 14,376,000 | 13,313,000 | 12,375,000 | 12,023,000 | 12,172,000 |
| Total asset turnover | 0.46 | 0.84 | 0.53 | 0.34 | 0.38 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $6,631,000K ÷ $14,376,000K
= 0.46
The total asset turnover ratio for CF Industries Holdings Inc has displayed fluctuations over the past five years. In 2023, the ratio decreased to 0.46 from 0.84 in 2022, indicating a decline in the company's ability to generate sales relative to its total assets. This decrease may suggest inefficiencies in asset management or lower revenue generation compared to the previous year.
Comparing 2023 to 2021, there was also a notable drop in total asset turnover from 0.53 to 0.46, indicating a weakening in the company's asset utilization efficiency during this period. In 2020 and 2019, the total asset turnover ratios were even lower at 0.34 and 0.38, respectively, implying that the company was less effective in generating sales from its total assets during those years.
Overall, the trend in CF Industries Holdings Inc's total asset turnover ratio reflects variability in the company's ability to efficiently utilize its assets to drive revenue generation, suggesting potential areas for improvement in asset management and operational efficiency.
Peer comparison
Dec 31, 2023