The Mosaic Company (MOS)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,122,800 | 13,696,100 | 19,125,200 | 12,357,400 | 8,681,700 |
| Property, plant and equipment | US$ in thousands | 13,352,600 | 13,585,400 | 12,678,700 | 12,475,300 | 11,854,300 |
| Fixed asset turnover | 0.83 | 1.01 | 1.51 | 0.99 | 0.73 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $11,122,800K ÷ $13,352,600K
= 0.83
The fixed asset turnover ratio for The Mosaic Company has shown fluctuations over the past five years. In 2020, the ratio stood at 0.73, indicating that the company generated $0.73 in sales for every dollar invested in fixed assets.
In 2021, the fixed asset turnover slightly improved to 0.99, reflecting a better utilization of fixed assets to generate revenue. The following year, in 2022, the ratio saw a significant increase to 1.51, suggesting that The Mosaic Company enhanced its efficiency in generating sales from its fixed assets.
However, in 2023, the fixed asset turnover decreased to 1.01, although it still remained relatively high compared to previous years. This may indicate a slight decrease in efficiency in utilizing fixed assets to generate revenue.
By the end of 2024, the fixed asset turnover ratio dropped to 0.83, indicating a decrease in the company's ability to generate sales from its fixed assets compared to the previous year.
Overall, the trend in The Mosaic Company's fixed asset turnover ratio shows both improvements and fluctuations in efficiency in utilizing fixed assets to drive revenue over the five-year period. It would be important for investors and stakeholders to further analyze the reasons behind these fluctuations to assess the company's operational performance and future growth prospects.
Peer comparison
Dec 31, 2024