CF Industries Holdings Inc (CF)
Total asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 4,590,000 | 4,673,000 | 4,675,000 | 4,473,000 |
| Total assets | US$ in thousands | 14,376,000 | 13,543,000 | 13,537,000 | 13,398,000 | 13,313,000 | 13,280,000 | 13,423,000 | 13,782,000 | 12,375,000 | 11,766,000 | 12,007,000 | 12,011,000 | 12,023,000 | 11,931,000 | 11,950,000 | 12,441,000 | 12,172,000 | 12,902,000 | 12,863,000 | 12,942,000 |
| Total asset turnover | 0.46 | 0.57 | 0.64 | 0.77 | 0.84 | 0.84 | 0.76 | 0.61 | 0.53 | 0.43 | 0.38 | 0.35 | 0.34 | 0.34 | 0.36 | 0.37 | 0.38 | 0.36 | 0.36 | 0.35 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,631,000K ÷ $14,376,000K
= 0.46
CF Industries Holdings Inc's total asset turnover has shown fluctuations over the past eight quarters. The ratio decreased from 0.61 in Q1 2022 to 0.46 in Q4 2023, indicating a decline in the company's ability to generate sales from its total assets. This may suggest inefficiencies in asset utilization or a decrease in sales relative to the size of the asset base.
However, the ratio improved gradually from Q4 2022 to Q2 2023, reaching its peak at 0.77. This indicates an improvement in the company's efficiency in utilizing its assets to generate revenue. A higher total asset turnover ratio generally reflects stronger asset management and higher sales generated per dollar of assets.
Overall, CF Industries Holdings Inc should strive to maintain or improve its total asset turnover ratio to ensure optimal utilization of its assets and maximize revenue generation. Further analysis of the company's operational and financial performance may provide more insights into the factors influencing the fluctuations in this ratio.
Peer comparison
Dec 31, 2023