Dow Inc (DOW)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 42,964,000 | 44,622,000 | 56,902,000 | 54,968,000 | 38,542,000 |
| Total assets | US$ in thousands | 57,312,000 | 57,967,000 | 60,603,000 | 62,990,000 | 61,470,000 |
| Total asset turnover | 0.75 | 0.77 | 0.94 | 0.87 | 0.63 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $42,964,000K ÷ $57,312,000K
= 0.75
The total asset turnover of Dow Inc has shown fluctuations over the past five years. In December 2020, the total asset turnover was relatively low at 0.63, indicating that the company generated $0.63 in sales for every $1 of assets held.
However, there was an improvement in performance in the following years. By December 2022, the total asset turnover had increased to 0.94, which suggests that Dow Inc was able to generate $0.94 in sales for every $1 of assets deployed.
Despite this peak, there was a slight decline in asset turnover by the end of December 2024, where the ratio decreased to 0.75. This indicates that the company generated $0.75 in sales for every $1 of assets, showing a decrease in efficiency in utilizing its assets to generate revenue.
Overall, the trend in total asset turnover for Dow Inc demonstrates variations in asset utilization efficiency over the years, with fluctuations indicating potential changes in the company's operational performance and asset management strategies.
Peer comparison
Dec 31, 2024