FMC Corporation (FMC)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,246,100 | 4,486,800 | 5,802,300 | 5,045,200 | 4,642,100 |
| Total assets | US$ in thousands | 11,653,300 | 11,926,200 | 11,171,300 | 10,581,300 | 10,186,400 |
| Total asset turnover | 0.36 | 0.38 | 0.52 | 0.48 | 0.46 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,246,100K ÷ $11,653,300K
= 0.36
The total asset turnover ratio for FMC Corporation has shown a fluctuating trend over the past five years. In December 2020, the ratio stood at 0.46 and slightly increased to 0.48 by the end of 2021. Subsequently, there was a notable improvement as the ratio reached 0.52 by December 2022, indicating that the company generated $0.52 in sales for every dollar of assets it held.
However, the performance dipped in the following years, with the total asset turnover dropping to 0.38 by the end of 2023 and further declining to 0.36 by December 2024. This decreasing trend suggests that FMC Corporation may have experienced challenges in efficiently utilizing its assets to generate revenue during these periods.
It is important for the company to closely monitor and analyze the factors influencing its total asset turnover to ensure optimal asset utilization and improve overall operational efficiency in the future.
Peer comparison
Dec 31, 2024