Eastman Chemical Company (EMN)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,382,000 | 9,210,000 | 10,580,000 | 10,476,000 | 8,473,000 |
| Total assets | US$ in thousands | 15,213,000 | 14,633,000 | 14,667,000 | 15,519,000 | 16,083,000 |
| Total asset turnover | 0.62 | 0.63 | 0.72 | 0.68 | 0.53 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $9,382,000K ÷ $15,213,000K
= 0.62
Eastman Chemical Company's total asset turnover has shown fluctuations over the past five years. The data indicates that the company generated $0.53 in revenue for every $1 of assets in December 31, 2020. The total asset turnover ratio improved to $0.68 in December 31, 2021, and further increased to $0.72 in December 31, 2022, suggesting better asset utilization. However, there was a slight decline in the ratio to $0.63 in December 31, 2023, and remained relatively stable at $0.62 in December 31, 2024. Overall, the trend indicates that Eastman Chemical Company has been able to generate more revenue relative to its total assets in recent years, although there was a slight dip in asset turnover in 2023.
Peer comparison
Dec 31, 2024