Church & Dwight Company Inc (CHD)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,107,100 | 5,867,900 | 5,375,600 | 5,190,100 | 4,895,800 |
| Total assets | US$ in thousands | 8,883,100 | 8,569,200 | 8,345,600 | 7,996,500 | 7,414,500 |
| Total asset turnover | 0.69 | 0.68 | 0.64 | 0.65 | 0.66 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $6,107,100K ÷ $8,883,100K
= 0.69
The total asset turnover ratio measures how efficiently a company is utilizing its assets to generate revenue. In the case of Church & Dwight Company Inc, the trend of total asset turnover from December 31, 2020 to December 31, 2024 shows a slight decrease from 0.66 to 0.69, indicating that the company's efficiency in generating sales from its assets has improved. A higher total asset turnover ratio generally suggests better asset utilization and operational efficiency. Church & Dwight Company Inc's increasing total asset turnover ratio over time is a positive sign that the company is utilizing its assets more effectively to generate revenue.
Peer comparison
Dec 31, 2024