International Flavors & Fragrances Inc (IFF)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,484,000 | 11,479,000 | 12,440,000 | 11,656,000 | 5,084,240 |
| Total assets | US$ in thousands | 28,667,000 | 30,978,000 | 35,390,000 | 39,678,000 | 13,555,700 |
| Total asset turnover | 0.40 | 0.37 | 0.35 | 0.29 | 0.38 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $11,484,000K ÷ $28,667,000K
= 0.40
The total asset turnover ratio for International Flavors & Fragrances Inc has fluctuated over the past five years, ranging from 0.29 to 0.40. This ratio reflects the company's ability to generate sales relative to its total assets. A lower total asset turnover ratio may indicate inefficiency in asset utilization, suggesting that the company is not effectively generating sales from its assets. On the other hand, a higher ratio suggests that the company is efficiently utilizing its assets to generate revenue.
In 2021, the total asset turnover was relatively low at 0.29, signaling a potential inefficiency in asset utilization during that period. However, the ratio improved in the following years, reaching 0.40 by December 31, 2024, indicating a positive trend towards better asset turnover efficiency. Overall, it is important for International Flavors & Fragrances Inc to continue monitoring and improving its total asset turnover to optimize its asset utilization and drive sales growth.
Peer comparison
Dec 31, 2024