Ingredion Incorporated (INGR)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,430,000 | 8,160,000 | 7,946,000 | 6,894,000 | 5,987,000 |
| Property, plant and equipment | US$ in thousands | — | — | 2,407,000 | 2,423,000 | 2,455,000 |
| Fixed asset turnover | — | — | 3.30 | 2.85 | 2.44 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $7,430,000K ÷ $—K
= —
Ingredion Incorporated's fixed asset turnover has shown a positive trend over the period analyzed. Starting at 2.44 in December 31, 2020, it increased to 2.85 by December 31, 2021, and further improved to 3.30 by December 31, 2022. This upward trend demonstrates the company's ability to generate sales revenue relative to its investment in fixed assets. The absence of data for December 31, 2023, and December 31, 2024, may indicate a lack of information or a change in reporting practices. Overall, the improving fixed asset turnover ratio suggests that Ingredion Incorporated is effectively utilizing its fixed assets to support its revenue generation activities and drive business efficiency.
Peer comparison
Dec 31, 2024