Dupont De Nemours Inc (DD)
Total 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 |
| Total assets | US$ in thousands | 38,552,000 | 41,355,000 | 45,707,000 | 70,903,000 | 69,349,000 |
| Total asset turnover | 0.31 | 0.32 | 0.37 | 0.29 | 0.31 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $12,081,000K ÷ $38,552,000K
= 0.31
DuPont de Nemours Inc's total asset turnover has fluctuated over the past five years, ranging from a low of 0.29 in 2020 to a high of 0.36 in 2021. The total asset turnover ratio indicates how efficiently the company is utilizing its assets to generate sales. A higher ratio suggests that the company is more efficient in generating sales from its assets.
In the context of DuPont de Nemours Inc, the average total asset turnover over the five-year period is 0.316, which indicates that, on average, the company generates $0.316 in sales for every $1 of assets it owns. Although there has been some variability in the ratio, the company's ability to generate sales from its assets seems relatively stable over this period.
Overall, based on the total asset turnover ratio, DuPont de Nemours Inc appears to be effectively utilizing its assets to generate sales, with some fluctuations in efficiency over the years. Further analysis in conjunction with other financial metrics would provide a more comprehensive understanding of the company's overall operational efficiency and financial performance.
Peer comparison
Dec 31, 2023