Corteva Inc (CTVA)
Total 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 |
| Total assets | US$ in thousands | 40,825,000 | 41,908,000 | 41,464,000 | 43,625,000 | 42,996,000 | 43,110,000 | 44,189,000 | 45,500,000 | 42,618,000 | 40,651,000 | 40,906,000 | 42,633,000 | 42,344,000 | 41,122,000 | 41,496,000 | 42,549,000 | 42,649,000 | 41,690,000 | 42,180,000 | 42,978,000 |
| Total asset turnover | 0.41 | 0.40 | 0.41 | 0.39 | 0.40 | 0.40 | 0.40 | 0.39 | 0.41 | 0.42 | 0.41 | 0.38 | 0.37 | 0.37 | 0.36 | 0.34 | 0.33 | 0.34 | 0.33 | 0.34 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $16,908,000K ÷ $40,825,000K
= 0.41
Total asset turnover is a financial ratio that measures a company's ability to generate sales revenue from its assets. It is calculated by dividing the net sales by the average total assets.
Based on the provided data for Corteva Inc, the total asset turnover has shown a fluctuating trend over the stated periods. It started at 0.34 in March 31, 2020, and remained relatively stable around this level until June 30, 2021. From June 30, 2021, onwards, there has been a gradual increase in the total asset turnover ratio, reaching a peak of 0.41 in June 30, 2024.
The increasing trend in total asset turnover indicates that Corteva Inc has improved its efficiency in utilizing its assets to generate sales revenue. A higher total asset turnover ratio generally suggests that the company is effectively utilizing its assets to generate sales, which could result in higher profitability and return on investment.
However, it is essential to consider other financial ratios and factors to get a complete picture of Corteva Inc's financial performance and efficiency in asset utilization. The trend in total asset turnover should be analyzed in conjunction with other ratios and operational performance metrics for a more comprehensive assessment of the company's overall financial health and operational efficiency.
Peer comparison
Dec 31, 2024