Dupont De Nemours Inc (DD)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 12,081,000 | 13,171,000 | 16,791,000 | 20,397,000 | 21,512,000 |
| Property, plant and equipment | US$ in thousands | 5,884,000 | 10,179,000 | 5,753,000 | 6,867,000 | 10,143,000 |
| Fixed asset turnover | 2.05 | 1.29 | 2.92 | 2.97 | 2.12 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $12,081,000K ÷ $5,884,000K
= 2.05
DuPont de Nemours Inc's fixed asset turnover ratio has shown a fluctuating trend over the past five years. The ratio decreased from 2.12 in 2019 to 2.04 in 2020, indicating that the company generated less revenue per dollar of fixed assets in 2020 compared to the previous year. However, there was a subsequent increase in 2021 to 2.39, suggesting improved efficiency in asset utilization.
In 2022, the fixed asset turnover ratio slightly decreased to 2.27, but it remained relatively high, indicating that DuPont de Nemours Inc continued to effectively generate revenue from its fixed assets. The ratio further declined to 2.05 in 2023, signaling a reduction in the company's ability to convert its fixed assets into sales.
Overall, DuPont de Nemours Inc's fixed asset turnover ratio has displayed variability, with periods of improvement and decline. The company may need to assess its asset management strategies to ensure optimal utilization of its fixed assets and maintain consistent revenue generation in the future.
Peer comparison
Dec 31, 2023