Ford Motor Company (F)
Total asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 176,452,000 | 173,326,000 | 169,237,000 | 164,758,000 | 158,057,000 | 151,736,000 | 148,027,000 | 134,589,000 | 136,341,000 | 134,615,000 | 136,433,000 | 129,052,000 | 127,144,000 | 130,907,000 | 130,396,000 | 149,878,000 | 155,900,000 | 157,978,000 | 158,654,000 | 158,721,000 |
| Total assets | US$ in thousands | 273,310,000 | 268,073,000 | 265,991,000 | 256,800,000 | 255,884,000 | 246,919,000 | 245,755,000 | 252,986,000 | 257,035,000 | 252,677,000 | 248,532,000 | 260,819,000 | 267,261,000 | 259,943,000 | 269,366,000 | 264,150,000 | 258,537,000 | 258,157,000 | 262,184,000 | 263,281,000 |
| Total asset turnover | 0.65 | 0.65 | 0.64 | 0.64 | 0.62 | 0.61 | 0.60 | 0.53 | 0.53 | 0.53 | 0.55 | 0.49 | 0.48 | 0.50 | 0.48 | 0.57 | 0.60 | 0.61 | 0.61 | 0.60 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $176,452,000K ÷ $273,310,000K
= 0.65
The total asset turnover ratio for Ford Motor Co. has shown relatively stable performance over the past eight quarters, ranging from 0.53 to 0.65. This ratio indicates how efficiently the company is generating sales revenue relative to its total assets. A higher total asset turnover ratio typically reflects a more efficient use of assets to generate revenue.
In Ford's case, the total asset turnover ratio has mostly hovered around 0.64, indicating that, on average, the company generates $0.64 in sales revenue for every $1 of total assets it holds. This suggests that Ford is effectively utilizing its assets to support its revenue generation activities.
Moreover, the slight uptick in the total asset turnover ratio from 0.62 in Q4 2022 to 0.65 in Q3 2023 may suggest improved efficiency in utilizing assets during the period. However, the ratio has overall demonstrated stability within a relatively narrow range, suggesting a consistent level of asset utilization efficiency in contributing to sales revenue across the quarters analyzed.
Peer comparison
Dec 31, 2023