Corteva Inc (CTVA)
Total 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 |
| Total assets | US$ in thousands | 40,825,000 | 42,996,000 | 42,618,000 | 42,344,000 | 42,649,000 |
| Total asset turnover | 0.41 | 0.40 | 0.41 | 0.37 | 0.33 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $16,908,000K ÷ $40,825,000K
= 0.41
The total asset turnover for Corteva Inc has shown a gradual improvement over the past five years. Starting at 0.33 in December 31, 2020, it increased to 0.37 in December 31, 2021, and further to 0.41 by December 31, 2022. There was a slight dip to 0.40 by December 31, 2023, but the ratio improved again to 0.41 by December 31, 2024. This indicates that the company is generating more revenue relative to its total assets, which signifies efficiency in asset utilization and potentially effective management of assets to drive sales.
Peer comparison
Dec 31, 2024