Ingredion Incorporated (INGR)
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 | 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 |
| Total assets | US$ in thousands | 7,444,000 | 7,525,000 | 7,221,000 | 7,319,000 | 7,642,000 | 7,549,000 | 7,600,000 | 7,645,000 | 7,561,000 | 7,403,000 | 7,389,000 | 7,435,000 | 6,999,000 | 6,986,000 | 7,098,000 | 6,803,000 | 6,858,000 | 6,464,000 | 6,611,000 | 5,952,000 |
| Total asset turnover | 1.00 | 1.00 | 1.07 | 1.08 | 1.07 | 1.09 | 1.08 | 1.07 | 1.05 | 1.04 | 1.01 | 0.96 | 0.98 | 0.96 | 0.91 | 0.89 | 0.87 | 0.92 | 0.91 | 1.04 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,430,000K ÷ $7,444,000K
= 1.00
Ingredion Incorporated's total asset turnover ratio has fluctuated over the recent quarters. The ratio stood at 1.04 as of March 31, 2020, indicating that the company generated $1.04 in revenue for each dollar of assets it had. Subsequently, the ratio decreased to 0.87 by December 31, 2020, suggesting a decline in efficiency in utilizing its assets to generate revenue.
Throughout 2021 and the first half of 2022, the total asset turnover ratio remained relatively stable, fluctuating between 0.89 and 1.01. This indicates consistency in the company's ability to generate revenue relative to its asset base during this period.
Notably, from September 30, 2022, to March 31, 2024, the total asset turnover ratio showed a consistent upward trend, reaching a peak of 1.09 as of September 30, 2023. This increase suggests improved efficiency in deploying the company's assets to generate revenue during this period.
However, by the end of 2024, the total asset turnover ratio had slightly decreased to 1.00, indicating a slight dip in efficiency in utilizing assets to generate revenue compared to the previous quarter. Overall, the trend in the total asset turnover ratio reflects fluctuations but generally demonstrates the company's ability to effectively utilize its assets to drive revenue generation.
Peer comparison
Dec 31, 2024