Darling Ingredients Inc (DAR)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,543,760 | 6,399,860 | 4,676,920 | 3,496,520 | 3,274,760 |
| Total assets | US$ in thousands | 11,061,100 | 9,202,370 | 6,133,730 | 5,613,330 | 5,345,260 |
| Total asset turnover | 0.59 | 0.70 | 0.76 | 0.62 | 0.61 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $6,543,760K ÷ $11,061,100K
= 0.59
Darling Ingredients Inc's total asset turnover has shown fluctuations over the past five years. The company's ability to generate revenue from its total assets has decreased from 0.76 in 2021 to 0.59 in 2023. This indicates that the efficiency of the company in utilizing its assets to generate sales has reduced over the years. While there was a peak in 2021, the downward trend in total asset turnover raises concerns about the company's asset management and operational efficiency. Further analysis is required to understand the underlying reasons for this decline and to assess the company's overall financial performance.
Peer comparison
Dec 31, 2023