Darling Ingredients Inc (DAR)
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 | 5,716,780 | 5,662,700 | 5,866,990 | 6,171,400 | 6,546,820 | 6,826,010 | 6,947,070 | 6,832,740 | 6,402,280 | 6,008,080 | 5,446,680 | 4,998,880 | 4,679,450 | 4,377,748 | 4,041,368 | 3,690,927 | 3,499,347 | 3,409,387 | 3,402,572 | 3,369,843 |
| Property, plant and equipment | US$ in thousands | 2,713,670 | 2,856,230 | 2,840,680 | 2,910,340 | 2,935,180 | 2,798,730 | 2,774,530 | 2,712,820 | 2,462,080 | 2,345,670 | 2,237,200 | 1,867,880 | 1,840,080 | 1,834,670 | 1,846,810 | 1,822,080 | 1,863,810 | 1,789,170 | 1,773,330 | 1,764,120 |
| Fixed asset turnover | 2.11 | 1.98 | 2.07 | 2.12 | 2.23 | 2.44 | 2.50 | 2.52 | 2.60 | 2.56 | 2.43 | 2.68 | 2.54 | 2.39 | 2.19 | 2.03 | 1.88 | 1.91 | 1.92 | 1.91 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,716,780K ÷ $2,713,670K
= 2.11
The fixed asset turnover ratio for Darling Ingredients Inc has shown a general upward trend over the specified period, reflecting the efficiency with which the company generates revenue from its fixed assets. The ratio increased from 1.91 in March 2020 to 2.11 in December 2024, indicating a substantial improvement in asset utilization.
There were fluctuations in between, with periods of both growth and slight declines. The ratio peaked at 2.68 in March 2022, suggesting that the company effectively leveraged its fixed assets to generate sales during that period. However, the ratio slightly declined in subsequent quarters but remained relatively strong overall.
It is worth noting that the ratio dipped to 1.98 in September 2024, marking a temporary decrease in asset turnover efficiency. Nonetheless, the company managed to improve the ratio to 2.11 by the end of December 2024, indicating a recovery in asset utilization.
Overall, the increasing trend in fixed asset turnover indicates that Darling Ingredients Inc has been successful in optimizing the use of its fixed assets to drive revenue growth and operational efficiency over the analyzed period.
Peer comparison
Dec 31, 2024