Darling Ingredients Inc (DAR)
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 | 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 |
| Total assets | US$ in thousands | 10,070,500 | 10,572,700 | 10,620,600 | 10,942,800 | 11,061,100 | 10,810,300 | 10,973,200 | 10,861,100 | 9,202,370 | 8,808,750 | 8,026,690 | 6,615,620 | 6,133,730 | 5,925,720 | 5,833,320 | 5,591,450 | 5,613,330 | 5,380,990 | 5,327,150 | 5,377,780 |
| Total asset turnover | 0.57 | 0.54 | 0.55 | 0.56 | 0.59 | 0.63 | 0.63 | 0.63 | 0.70 | 0.68 | 0.68 | 0.76 | 0.76 | 0.74 | 0.69 | 0.66 | 0.62 | 0.63 | 0.64 | 0.63 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,716,780K ÷ $10,070,500K
= 0.57
The total asset turnover of Darling Ingredients Inc has shown fluctuating trends over the past few years. The ratio has ranged from a low of 0.54 to a high of 0.76.
In the initial years, the total asset turnover was relatively stable around 0.63 to 0.64. There was a moderate increase in performance during the latter half of 2021 and early 2022, with the ratio reaching 0.76, indicating the company was generating more revenue from its assets.
However, in the following periods, the total asset turnover declined steadily, reaching a low of 0.54 by September 30, 2024. This decrease suggests that Darling Ingredients Inc may be less efficient in utilizing its assets to generate sales compared to the previous periods.
Overall, the analysis of the total asset turnover highlights the importance of monitoring efficiency in utilizing assets to generate revenue and the need for Darling Ingredients Inc to evaluate and improve its asset management strategies to optimize performance.
Peer comparison
Dec 31, 2024