Element Solutions Inc (ESI)
Total asset turnover
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,475,600 | 2,456,900 | 2,406,100 | 2,360,400 | 2,333,800 | 2,333,200 | 2,333,600 | 2,352,800 | 2,443,600 | 2,549,400 | 2,622,500 | 2,620,200 | 2,529,900 | 2,399,800 | 2,289,500 | 2,150,800 | 1,951,200 | 1,853,700 | 1,771,800 | 1,759,000 |
| Total assets | US$ in thousands | 4,794,600 | 4,873,900 | 5,098,200 | 4,982,400 | 4,912,200 | 4,974,100 | 4,968,800 | 5,061,000 | 4,926,500 | 4,903,700 | 4,869,700 | 5,009,700 | 5,128,800 | 5,138,400 | 5,182,900 | 4,643,800 | 4,476,700 | 4,483,400 | 4,326,800 | 4,218,700 |
| Total asset turnover | 0.52 | 0.50 | 0.47 | 0.47 | 0.48 | 0.47 | 0.47 | 0.46 | 0.50 | 0.52 | 0.54 | 0.52 | 0.49 | 0.47 | 0.44 | 0.46 | 0.44 | 0.41 | 0.41 | 0.42 |
March 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,475,600K ÷ $4,794,600K
= 0.52
The total asset turnover ratio for Element Solutions Inc exhibits a general upward trend from mid-2020 through early 2022, indicating an improvement in how efficiently the company utilizes its assets to generate sales. Specifically, the ratio increased from approximately 0.42 in June 2020 to a peak of around 0.54 in September 2022. This reflects a more effective asset base during that period, suggesting enhanced operational efficiency or strategic asset deployment.
Following the peak in late 2022, the ratio experienced some stabilization and slight fluctuations, generally remaining in the range of 0.46 to 0.52 through the first three quarters of 2023 and into early 2024. Notably, the ratios during this period suggest a sustained level of asset utilization efficiency with minor variations, indicating stability in operational performance.
More recent data from late 2024 to early 2025 shows the ratio maintaining around 0.47 to 0.52, implying that the company's efficiency in generating sales from its assets has remained relatively steady. Overall, the trend indicates that Element Solutions Inc improved its asset utilization efficiency from 2020 into 2022, and has maintained a consistent level of performance in subsequent years, with no significant deterioration or sharp increases.
Peer comparison
Mar 31, 2025