Corteva Inc (CTVA)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 16,908,000 | 17,226,000 | 17,455,000 | 15,655,000 | 14,217,000 |
| Property, plant and equipment | US$ in thousands | — | — | 4,254,000 | 4,329,000 | 4,396,000 |
| Fixed asset turnover | — | — | 4.10 | 3.62 | 3.23 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $16,908,000K ÷ $—K
= —
The fixed asset turnover ratio for Corteva Inc has shown a positive trend over the past few years. In December 31, 2020, the ratio stood at 3.23, indicating that the company generated $3.23 in sales for every dollar invested in fixed assets. This improved to 3.62 by December 31, 2021, and further increased to 4.10 by December 31, 2022.
However, the data shows that the fixed asset turnover for December 31, 2023, and December 31, 2024, is not available. This could be due to various reasons such as data unavailability, calculation methodology changes, or other factors.
Overall, the increasing trend in the fixed asset turnover ratio signifies that Corteva Inc is becoming more efficient in utilizing its fixed assets to generate sales revenue. It indicates that the company is managing its assets effectively to drive revenue growth.
Peer comparison
Dec 31, 2024