Eastman Chemical Company (EMN)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 9,377,000 | 9,337,000 | 10,923,000 | 10,887,000 | 10,991,000 | 11,159,000 | 9,818,000 | 10,278,000 | 10,580,000 | 10,901,000 | 10,912,000 | 10,781,000 | 10,476,000 | 9,968,000 | 9,370,000 | 8,641,000 | 8,473,000 | 8,492,000 | 8,695,000 | 9,134,000 |
| Total assets | US$ in thousands | 15,213,000 | 15,060,000 | 14,945,000 | 14,748,000 | 14,633,000 | 14,594,000 | 14,771,000 | 14,983,000 | 14,667,000 | 14,985,000 | 14,875,000 | 15,806,000 | 15,519,000 | 16,259,000 | 16,098,000 | 16,195,000 | 16,083,000 | 16,009,000 | 15,973,000 | 16,465,000 |
| Total asset turnover | 0.62 | 0.62 | 0.73 | 0.74 | 0.75 | 0.76 | 0.66 | 0.69 | 0.72 | 0.73 | 0.73 | 0.68 | 0.68 | 0.61 | 0.58 | 0.53 | 0.53 | 0.53 | 0.54 | 0.55 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $9,377,000K ÷ $15,213,000K
= 0.62
The total asset turnover ratio for Eastman Chemical Company has shown some fluctuations over the reporting periods provided. The ratio started at 0.55 on March 31, 2020, and exhibited a downward trend until September 30, 2021, reaching a low of 0.53. From June 30, 2021, the ratio began to increase steadily, reaching its peak of 0.76 on September 30, 2023, before slightly declining to 0.62 by December 31, 2024.
A total asset turnover ratio of less than 1 indicates that the company is generating less revenue per dollar of assets. In the case of Eastman Chemical Company, the ratio has generally been below 1, suggesting that the company may not be effectively utilizing its assets to generate sales. However, the increasing trend from 2021 to 2023 indicates that the company may have improved its asset utilization efficiency during that period.
It is essential for Eastman Chemical Company to continue monitoring and optimizing its total asset turnover ratio to ensure efficient use of assets and maximize revenue generation.
Peer comparison
Dec 31, 2024