Church & Dwight Company Inc (CHD)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,867,900 | 5,375,600 | 5,190,100 | 4,895,800 | 4,357,700 |
| Total assets | US$ in thousands | 8,569,200 | 8,345,600 | 7,996,500 | 7,414,500 | 6,657,400 |
| Total asset turnover | 0.68 | 0.64 | 0.65 | 0.66 | 0.65 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,867,900K ÷ $8,569,200K
= 0.68
Church & Dwight Co., Inc. has shown a relatively stable trend in its total asset turnover ratio over the past five years, ranging from 0.64 to 0.68. This ratio measures the effectiveness of the company in generating sales revenue from its total assets. A higher total asset turnover ratio indicates that the company is more efficient in utilizing its assets to generate sales.
The slight increase in the total asset turnover ratio from 0.64 in 2022 to 0.68 in 2023 suggests that the company has improved its efficiency in utilizing its assets to generate sales revenue. However, it is important to note that the ratio has fluctuated within a narrow range, indicating consistency in the company's asset utilization efficiency over the years.
Overall, Church & Dwight Co., Inc. has maintained a relatively stable total asset turnover ratio, which indicates a consistent level of efficiency in generating sales from its assets. Further analysis and comparison with industry peers could provide additional insights into the company's asset utilization efficiency.
Peer comparison
Dec 31, 2023