Ingredion Incorporated (INGR)
Fixed 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 | 7,430,000 | 7,551,000 | 7,714,000 | 7,905,000 | 8,160,000 | 8,226,000 | 8,216,000 | 8,191,000 | 7,946,000 | 7,714,000 | 7,454,000 | 7,172,000 | 6,894,000 | 6,732,000 | 6,471,000 | 6,058,000 | 5,987,000 | 5,943,000 | 6,015,000 | 6,216,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 2,401,000 | 2,414,000 | 2,397,000 | 2,407,000 | 2,308,000 | 2,375,000 | 2,446,000 | 2,423,000 | 2,369,000 | 2,575,000 | 2,355,000 | 2,455,000 | 2,354,000 | 2,231,000 | 2,208,000 |
| Fixed asset turnover | — | — | — | — | — | 3.43 | 3.40 | 3.42 | 3.30 | 3.34 | 3.14 | 2.93 | 2.85 | 2.84 | 2.51 | 2.57 | 2.44 | 2.52 | 2.70 | 2.82 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $7,430,000K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its investment in fixed assets. In the case of Ingredion Incorporated, the trend of fixed asset turnover over the past few years shows fluctuations ranging from 2.44 to 3.43.
From December 31, 2022, to March 31, 2024, the fixed asset turnover ratio increased steadily, indicating that Ingredion is utilizing its fixed assets more efficiently to generate sales. This is a positive sign as it shows that the company is effectively managing its assets to generate revenue.
However, it is important to note the absence of data for the latter part of 2024, as there are no figures provided for the fixed asset turnover ratio for the period from December 31, 2023, onwards. This lack of data makes it difficult to assess the latest performance of Ingredion in terms of its fixed asset turnover.
Overall, the increasing trend in fixed asset turnover up to March 31, 2024, suggests that Ingredion has been improving its operational efficiency and effectively utilizing its fixed assets to drive sales growth. It would be essential for investors and stakeholders to monitor the trend further to assess the company's ongoing performance in this aspect.
Peer comparison
Dec 31, 2024