FMC Corporation (FMC)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,246,100 | 4,167,900 | 4,084,400 | 4,060,500 | 4,486,800 | 4,962,700 | 5,358,000 | 5,795,800 | 5,802,300 | 5,593,900 | 5,410,700 | 5,200,400 | 5,045,200 | 4,783,800 | 4,674,400 | 4,587,700 | 4,642,100 | 4,687,200 | 4,616,900 | 4,667,700 |
| Total assets | US$ in thousands | 11,653,300 | 12,218,700 | 12,130,700 | 11,978,400 | 11,926,200 | 10,956,400 | 11,951,700 | 11,732,100 | 11,171,300 | 10,764,700 | 11,044,200 | 10,904,800 | 10,581,300 | 10,410,200 | 10,942,100 | 10,423,300 | 10,186,400 | 9,772,200 | 9,993,700 | 10,189,200 |
| Total asset turnover | 0.36 | 0.34 | 0.34 | 0.34 | 0.38 | 0.45 | 0.45 | 0.49 | 0.52 | 0.52 | 0.49 | 0.48 | 0.48 | 0.46 | 0.43 | 0.44 | 0.46 | 0.48 | 0.46 | 0.46 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,246,100K ÷ $11,653,300K
= 0.36
The total asset turnover ratio for FMC Corporation has shown fluctuations over the periods listed. It started at a relatively low level of 0.46 in March 2020 and remained around this level for the next few quarters. From September 2020 to December 2021, the ratio slightly increased to 0.48, indicating a slightly more efficient utilization of assets to generate revenue.
However, there was a decline in the total asset turnover ratio in the subsequent quarters, reaching a low of 0.34 in June 2024. This suggests a decrease in the company's ability to generate revenue from its total assets during this period.
Overall, the total asset turnover ratio for FMC Corporation has experienced variability, highlighting potential shifts in the company's efficiency in utilizing its assets to generate sales revenue.
Peer comparison
Dec 31, 2024