Fresh Del Monte Produce Inc (FDP)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,280,200 | 4,320,700 | 4,442,300 | 4,252,000 | 4,202,300 |
| Total assets | US$ in thousands | 3,096,200 | 3,184,100 | 3,458,900 | 3,398,100 | 3,263,300 |
| Total asset turnover | 1.38 | 1.36 | 1.28 | 1.25 | 1.29 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,280,200K ÷ $3,096,200K
= 1.38
Fresh Del Monte Produce Inc's total asset turnover has remained relatively stable over the past five years, fluctuating between 1.25 and 1.38. This ratio indicates that, on average, the company generated $1.25 to $1.38 in revenue for every dollar of total assets it held during the respective years. The slight fluctuations in total asset turnover suggest that the company has been effectively managing its assets to generate sales. An increasing trend over the years, as seen in the rising values from 1.25 in 2021 to 1.38 in 2024, indicates that Fresh Del Monte Produce Inc has been improving its efficiency in utilizing its assets to generate revenue. This suggests that the company is becoming more efficient in generating sales relative to the size of its asset base. Overall, a total asset turnover ratio in the range of 1.25 to 1.38 indicates that Fresh Del Monte Produce Inc has been effectively utilizing its assets to drive revenue growth.
Peer comparison
Dec 31, 2024