The Mosaic Company (MOS)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 13,696,100 | 19,125,200 | 12,357,400 | 8,681,700 | 8,906,300 |
| Property, plant and equipment | US$ in thousands | 13,585,400 | 12,678,700 | 12,475,300 | 11,854,300 | 11,690,000 |
| Fixed asset turnover | 1.01 | 1.51 | 0.99 | 0.73 | 0.76 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $13,696,100K ÷ $13,585,400K
= 1.01
Mosaic Company's fixed asset turnover has exhibited fluctuating trends over the past five years. In the most recent year, as of December 31, 2023, the fixed asset turnover stands at 1.01, indicating that the company generated $1.01 in revenue for every dollar invested in fixed assets. This ratio has decreased from the prior year's value of 1.51 but remains higher than the values reported for 2021, 2020, and 2019, which were 0.99, 0.73, and 0.76, respectively.
The decreasing trend in 2023 compared to 2022 may suggest that Mosaic Company's efficiency in utilizing its fixed assets to generate revenue has slightly declined. However, the current ratio still indicates that the company is effectively leveraging its fixed assets to generate sales compared to the previous years.
It is important for Mosaic Company to further analyze the factors contributing to this fluctuation in fixed asset turnover to ensure optimal asset utilization and sustainable revenue generation in the future.
Peer comparison
Dec 31, 2023