Dupont De Nemours Inc (DD)

Total 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
Total assets	US$ in thousands	38,552,000	39,133,000	40,797,000	41,208,000	41,355,000	44,099,000	44,440,000	45,393,000	45,707,000	46,015,000	45,839,000	47,804,000	70,903,000	72,141,000	66,753,000	67,987,000	69,349,000	70,119,000	70,843,000	189,785,000
Total asset turnover		0.31	0.32	0.31	0.31	0.32	0.32	0.34	0.35	0.37	0.39	0.41	0.40	0.29	0.28	0.31	0.31	0.31	0.31	0.31	0.12

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $12,081,000K ÷ $38,552,000K
= 0.31

DuPont de Nemours Inc's total asset turnover ratio has remained fairly consistent, hovering around 0.31 to 0.35 in the past eight quarters. The ratios indicate that for each dollar of total assets the company possesses, it generates between $0.31 to $0.35 of revenue.

The stable ratio over this period suggests that DuPont has been effectively utilizing its assets to generate sales. However, it's important to note that the ratio has slightly decreased from 0.35 in Q1 2022 to 0.31 in Q4 2023. This decreasing trend could signal a decline in efficiency in utilizing assets to generate revenue, which warrants further investigation.

Overall, while the company's total asset turnover ratio has been consistent, the recent decline should be monitored closely to understand any potential impact on the company's operational performance and efficiency.