Element Solutions Inc (ESI)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,456,900 | 2,333,200 | 2,549,400 | 2,399,800 | 1,853,700 |
| Total assets | US$ in thousands | 4,873,900 | 4,974,100 | 4,903,700 | 5,138,400 | 4,483,400 |
| Total asset turnover | 0.50 | 0.47 | 0.52 | 0.47 | 0.41 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,456,900K ÷ $4,873,900K
= 0.50
The total asset turnover ratio for Element Solutions Inc. demonstrates an overall upward trend from December 31, 2020, to December 31, 2024. Specifically, the ratio increased from 0.41 in 2020 to a peak of 0.52 in 2022, signifying improved efficiency in generating sales from the company’s total assets during that period. Following this peak, the ratio experienced a slight decline to 0.47 in 2023 but subsequently rebounded to 0.50 in 2024.
This pattern suggests that the company's asset utilization and sales productivity have generally improved over the analyzed period, reflecting either more efficient management of assets or enhanced revenue generation capabilities. The minor fluctuations indicate some variability in operational efficiency year-over-year, but the overall trend points toward increased asset utilization efficiency between 2020 and 2024.
Peer comparison
Dec 31, 2024