International Flavors & Fragrances Inc (IFF)
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 | 11,022,000 | 11,168,000 | 11,438,000 | 11,857,000 | 12,104,000 | 12,324,000 | 12,342,000 | 12,122,000 | 11,368,000 | 9,645,100 | 7,879,920 | 6,034,230 | 4,948,650 | 4,856,730 | 4,891,250 | 5,016,510 | 4,999,490 | 8,882,710 | 8,522,918 | 8,151,364 |
| Total assets | US$ in thousands | 30,978,000 | 33,395,000 | 34,459,000 | 35,470,000 | 35,522,000 | 34,537,000 | 39,304,000 | 39,747,000 | 39,658,000 | 40,252,000 | 40,864,000 | 40,817,000 | 13,555,000 | 13,085,400 | 12,989,100 | 12,689,100 | 13,287,400 | 12,984,700 | 13,348,100 | 13,211,400 |
| Total asset turnover | 0.36 | 0.33 | 0.33 | 0.33 | 0.34 | 0.36 | 0.31 | 0.30 | 0.29 | 0.24 | 0.19 | 0.15 | 0.37 | 0.37 | 0.38 | 0.40 | 0.38 | 0.68 | 0.64 | 0.62 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $11,022,000K ÷ $30,978,000K
= 0.36
The total asset turnover ratio of International Flavors & Fragrances Inc. has shown some fluctuations over the past eight quarters, ranging from 0.31 to 0.37. Generally, a higher total asset turnover ratio indicates that the company is more efficient in generating sales revenue relative to its total assets.
In Q4 2023, the total asset turnover ratio was 0.37, indicating that the company generated $0.37 in sales for every dollar of total assets it had during that quarter. This was a slight improvement compared to the previous quarter, where the ratio was 0.35. The company's ability to utilize its assets effectively to generate revenue improved during this period.
Looking back over the past year, the total asset turnover ratio has been relatively stable, hovering around 0.35 on average. However, there was a notable increase in Q2 2022, where the ratio peaked at 0.37, suggesting a higher level of asset efficiency during that quarter.
Overall, International Flavors & Fragrances Inc.'s total asset turnover reveals that the company has been fairly consistent in its asset utilization efficiency, with occasional fluctuations. Investors and stakeholders may view this as an indicator of the company's ability to effectively turn its assets into sales revenue.
Peer comparison
Dec 31, 2023