International Flavors & Fragrances Inc (IFF)
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 | 11,484,000 | 11,416,000 | 11,311,000 | 11,351,000 | 11,479,000 | 11,620,000 | 11,863,000 | 12,241,000 | 12,440,000 | 12,627,000 | 12,635,000 | 12,417,000 | 11,656,000 | 9,895,070 | 8,092,150 | 6,201,920 | 5,084,240 | 5,097,940 | 5,097,200 | 5,190,000 |
| Total assets | US$ in thousands | 28,667,000 | 29,928,000 | 29,543,000 | 30,642,000 | 30,978,000 | 33,395,000 | 34,459,000 | 35,470,000 | 35,390,000 | 34,537,000 | 39,304,000 | 39,747,000 | 39,678,000 | 40,252,000 | 40,864,000 | 40,817,000 | 13,555,700 | 13,085,400 | 12,989,100 | 12,689,100 |
| Total asset turnover | 0.40 | 0.38 | 0.38 | 0.37 | 0.37 | 0.35 | 0.34 | 0.35 | 0.35 | 0.37 | 0.32 | 0.31 | 0.29 | 0.25 | 0.20 | 0.15 | 0.38 | 0.39 | 0.39 | 0.41 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $11,484,000K ÷ $28,667,000K
= 0.40
Total asset turnover is a financial ratio that measures how efficiently a company generates revenue from its total assets. For International Flavors & Fragrances Inc, the total asset turnover ratio has shown a fluctuating trend over the past few years.
From March 31, 2020, to December 31, 2020, the total asset turnover decreased steadily from 0.41 to 0.38, indicating a decline in the company's ability to generate revenue from its assets. However, from March 31, 2021, to June 30, 2022, there was a significant drop in the ratio to as low as 0.15, suggesting a period of inefficiency in asset utilization.
Subsequently, the total asset turnover ratio improved from September 30, 2022, to June 30, 2024, ranging between 0.31 and 0.40. This upward trend indicates that International Flavors & Fragrances Inc has been more effective in utilizing its assets to generate revenue during this period.
Overall, while there have been fluctuations in the total asset turnover ratio of International Flavors & Fragrances Inc, the recent trend suggests an improvement in asset efficiency and revenue generation, which is a positive sign for the company's financial performance.
Peer comparison
Dec 31, 2024