Fresh Del Monte Produce Inc (FDP)
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 | 4,320,700 | 4,352,100 | 4,402,500 | 4,433,900 | 4,442,300 | 4,419,600 | 4,370,900 | 4,300,600 | 4,252,000 | 4,237,000 | 4,221,900 | 4,172,600 | 4,202,300 | 4,225,200 | 4,305,700 | 4,452,800 | 4,489,000 | 4,509,700 | 4,509,000 | 4,542,000 |
| Total assets | US$ in thousands | 3,184,100 | 3,348,600 | 3,372,500 | 3,443,100 | 3,458,900 | 3,395,500 | 3,395,700 | 3,501,800 | 3,398,100 | 3,387,700 | 3,375,000 | 3,423,400 | 3,263,300 | 3,281,400 | 3,294,200 | 3,396,300 | 3,349,900 | 3,345,100 | 3,418,600 | 3,511,400 |
| Total asset turnover | 1.36 | 1.30 | 1.31 | 1.29 | 1.28 | 1.30 | 1.29 | 1.23 | 1.25 | 1.25 | 1.25 | 1.22 | 1.29 | 1.29 | 1.31 | 1.31 | 1.34 | 1.35 | 1.32 | 1.29 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,320,700K ÷ $3,184,100K
= 1.36
Fresh Del Monte Produce Inc's total asset turnover has fluctuated over the past several quarters, ranging from a low of 1.22 to a high of 1.36, with an average of approximately 1.29. This indicates that, on average, the company generates roughly $1.29 in revenue for every $1 of assets it holds. An increasing total asset turnover ratio can signify improved efficiency in asset utilization, whereas a decreasing ratio may suggest inefficiencies in generating revenue from assets. It is important for the company to monitor this ratio closely to ensure optimal utilization of its assets in generating revenue.
Peer comparison
Dec 31, 2023