Corteva Inc (CTVA)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 16,908,000 | 16,637,000 | 16,901,000 | 16,834,000 | 17,226,000 | 17,344,000 | 17,531,000 | 17,738,000 | 17,455,000 | 17,109,000 | 16,703,000 | 16,078,000 | 15,655,000 | 15,383,000 | 14,875,000 | 14,439,000 | 14,217,000 | 13,993,000 | 14,041,000 | 14,406,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 4,320,000 | 4,306,000 | 4,271,000 | 4,254,000 | 4,185,000 | 4,300,000 | 4,333,000 | 4,329,000 | 4,310,000 | 4,341,000 | 4,299,000 | 4,396,000 | 4,273,000 | 4,293,000 | 4,358,000 |
| Fixed asset turnover | — | — | — | — | — | 4.01 | 4.07 | 4.15 | 4.10 | 4.09 | 3.88 | 3.71 | 3.62 | 3.57 | 3.43 | 3.36 | 3.23 | 3.27 | 3.27 | 3.31 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $16,908,000K ÷ $—K
= —
The fixed asset turnover ratio of Corteva Inc has shown a consistent upward trend over the past few years, starting at 3.31 on March 31, 2020, and increasing steadily to a high of 4.15 on March 31, 2023. This indicates that the company is generating more revenue from its fixed assets over time.
The ratio continued to fluctuate slightly in the subsequent quarters, with a peak of 4.10 on December 31, 2022, and a slight decrease to 4.01 on September 30, 2023. The ratio then remained stable at around 4.00 for the rest of 2023.
From March 31, 2024, the data for fixed asset turnover is not available, suggesting a potential change in reporting or operations during that period.
Overall, the increasing trend in the fixed asset turnover ratio indicates that Corteva Inc is effectively utilizing its fixed assets to generate revenue, which is a positive signal for the company's operational efficiency. However, further analysis would be needed to understand the factors contributing to these fluctuations and to assess the sustainability of this trend.
Peer comparison
Dec 31, 2024