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.