Ford Motor Company (F)

Total asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	176,191,000	158,057,000	136,341,000	127,144,000	155,900,000
Total assets	US$ in thousands	273,310,000	255,884,000	257,035,000	267,261,000	258,537,000
Total asset turnover		0.64	0.62	0.53	0.48	0.60

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $176,191,000K ÷ $273,310,000K
= 0.64

Ford Motor Co.'s total asset turnover ratio has shown a fluctuating trend over the past five years. The ratio indicates the efficiency with which the company generates sales revenue from its total assets.

In 2023, the total asset turnover ratio increased to 0.64, representing an improvement from the previous year. This suggests that Ford was able to generate more revenue for each dollar of assets invested, indicating better asset utilization efficiency.

Similarly, in 2022, the ratio was 0.62, showing a slight decline from the previous year but still indicating a relatively efficient use of assets to generate sales revenue.

The ratio was significantly lower in 2021 and 2020 at 0.53 and 0.48, respectively, suggesting that Ford's ability to generate revenue from its assets decreased during those years. This could be due to various factors such as lower sales volume or inefficient asset management.

In 2019, the ratio was 0.60, indicating a moderate level of asset turnover efficiency compared to other years.

Overall, Ford's total asset turnover ratio has exhibited some volatility, but the recent improvement in 2023 is a positive sign of increased asset efficiency and revenue generation. It will be important for the company to consistently monitor and improve its asset utilization to drive sustainable growth and profitability.