Ingredion Incorporated (INGR)
Total asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 8,160,000 | 8,226,000 | 8,216,000 | 8,191,000 | 7,946,000 | 7,714,000 | 7,454,000 | 7,187,000 | 6,909,000 | 6,747,000 | 6,486,000 | 6,058,000 | 5,987,000 | 5,943,000 | 5,898,000 | 5,983,000 | 5,860,000 | 5,737,000 | 5,730,000 | 5,792,000 |
| Total assets | US$ in thousands | 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 | 6,040,000 | 6,095,000 | 5,998,000 | 5,932,000 |
| Total asset turnover | 1.07 | 1.09 | 1.08 | 1.07 | 1.05 | 1.04 | 1.01 | 0.97 | 0.99 | 0.97 | 0.91 | 0.89 | 0.87 | 0.92 | 0.89 | 1.01 | 0.97 | 0.94 | 0.96 | 0.98 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $8,160,000K ÷ $7,642,000K
= 1.07
The total asset turnover ratio of Ingredion Inc has been relatively stable and consistent over the past eight quarters, ranging from 0.96 to 1.09. This indicates that the company is effectively utilizing its assets to generate sales revenue. The ratios above 1 suggest that Ingredion Inc is generating more revenue per dollar of assets, which is favorable. The slight fluctuations in the ratio indicate that there have been variations in how efficiently the company is utilizing its assets to generate sales, but overall, the performance seems to be healthy and consistent.
Peer comparison
Dec 31, 2023
Company name
Symbol
Total asset turnover
Ingredion Incorporated
INGR
1.07
General Mills Inc
GIS
0.62
Kellanova
K
0.84
Post Holdings Inc
POST
0.61