Ingredion Incorporated (INGR)
Total 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 |
| Total assets | US$ in thousands | 7,444,000 | 7,642,000 | 7,561,000 | 6,999,000 | 6,858,000 |
| Total asset turnover | 1.00 | 1.07 | 1.05 | 0.98 | 0.87 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,430,000K ÷ $7,444,000K
= 1.00
Ingredion Incorporated's total asset turnover has shown an improving trend over the period from December 31, 2020, to December 31, 2024. The total asset turnover ratio measures the efficiency of the company in generating sales revenue from its total assets.
Initially, in December 31, 2020, the total asset turnover was 0.87, indicating that the company generated $0.87 in sales for every $1 of total assets.
By December 31, 2021, the total asset turnover increased to 0.98, showing a more efficient utilization of assets to generate revenue.
Continuing this trend, the total asset turnover further improved to 1.05 by December 31, 2022, and to 1.07 by December 31, 2023. This suggests that the company became increasingly effective in utilizing its assets to generate sales revenue.
However, by December 31, 2024, the total asset turnover decreased slightly to 1.00, indicating that the company generated $1.00 in sales for every $1 of total assets.
Overall, the increasing trend in total asset turnover from 2020 to 2023 indicates an enhancement in the company's asset utilization efficiency, although there was a slight dip observed by the end of 2024.
Peer comparison
Dec 31, 2024