Dupont De Nemours Inc (DD)

Fixed asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	12,081,000	12,327,000	12,579,000	12,906,000	13,171,000	14,289,000	15,217,000	16,090,000	16,791,000	17,744,000	18,585,000	19,146,000	20,397,000	20,349,000	20,679,000	21,319,000	21,512,000	21,765,000	22,022,000	22,411,000
Property, plant and equipment	US$ in thousands	5,884,000	10,467,000	10,364,000	10,312,000	10,179,000	5,477,000	5,564,000	5,668,000	5,753,000	6,921,000	6,856,000	6,744,000	6,867,000	9,686,000	9,909,000	9,912,000	10,143,000	9,699,000	9,806,000	35,575,000
Fixed asset turnover		2.05	1.18	1.21	1.25	1.29	2.61	2.73	2.84	2.92	2.56	2.71	2.84	2.97	2.10	2.09	2.15	2.12	2.24	2.25	0.63

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $12,081,000K ÷ $5,884,000K
= 2.05

DuPont de Nemours Inc's fixed asset turnover ratio has shown a declining trend over the past few quarters, going from 2.81 in Q1 2022 to 2.05 in Q4 2023. This indicates that the company's ability to generate sales from its fixed assets has decreased over time. A lower fixed asset turnover ratio may suggest inefficiency in asset utilization, potential underperformance, or excess investment in fixed assets. It is important for the company to closely monitor and potentially optimize its asset management strategies to improve this ratio and enhance overall operational efficiency and profitability.