Church & Dwight Company Inc (CHD)
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 | 5,867,900 | 5,775,900 | 5,637,300 | 5,508,200 | 5,375,600 | 5,308,300 | 5,302,400 | 5,248,400 | 5,190,100 | 5,116,700 | 5,046,300 | 4,969,500 | 4,895,800 | 4,744,700 | 4,593,100 | 4,478,200 | 4,357,700 | 4,287,900 | 4,236,100 | 4,184,600 |
| Total assets | US$ in thousands | 8,569,200 | 8,702,200 | 8,511,000 | 8,266,600 | 8,345,600 | 8,287,800 | 8,444,800 | 7,941,200 | 7,996,500 | 7,382,000 | 7,368,500 | 7,380,900 | 7,414,500 | 7,077,000 | 6,919,000 | 7,485,900 | 6,657,400 | 6,610,100 | 6,662,600 | 5,960,600 |
| Total asset turnover | 0.68 | 0.66 | 0.66 | 0.67 | 0.64 | 0.64 | 0.63 | 0.66 | 0.65 | 0.69 | 0.68 | 0.67 | 0.66 | 0.67 | 0.66 | 0.60 | 0.65 | 0.65 | 0.64 | 0.70 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,867,900K ÷ $8,569,200K
= 0.68
Church & Dwight Co., Inc. has shown a relatively stable total asset turnover ratio over the past eight quarters. The total asset turnover ratio measures the company's ability to generate sales revenue relative to its total assets. The company has maintained an average total asset turnover ratio of approximately 0.66 during this period, indicating that it generates $0.66 in revenue for every dollar of assets it holds.
The consistency in the total asset turnover ratio suggests that Church & Dwight Co., Inc. is effectively utilizing its assets to generate revenue. A ratio above 1 would indicate that the company is generating more revenue than the value of its total assets, which could signify efficient asset utilization. However, with the average ratio around 0.66, it appears that the company is not maximizing the revenue potential of its assets.
It is important for the company to continually assess and improve its asset management strategies to increase its total asset turnover ratio and generate higher revenue from its asset base. Additionally, this ratio should be analyzed in conjunction with other financial metrics to gain a holistic understanding of the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023