The Mosaic Company (MOS)
Fixed 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 | 14,142,000 | 13,242,400 | 16,030,200 | 18,535,500 | 19,125,200 | 20,318,500 | 17,641,300 | 14,700,400 | 12,357,400 | 11,172,800 | 10,172,900 | 9,354,000 | 8,681,700 | 7,900,800 | 8,286,100 | 8,475,100 | 8,921,500 | 9,698,800 | 9,902,100 | 9,758,700 |
| Property, plant and equipment | US$ in thousands | 13,585,400 | 13,140,100 | 13,094,600 | 12,789,200 | 12,678,700 | 12,462,500 | 12,569,400 | 12,837,600 | 12,475,300 | 12,269,200 | 12,062,800 | 11,798,900 | 11,854,300 | 11,318,200 | 11,153,300 | 10,989,600 | 11,690,000 | 11,943,400 | 11,982,900 | 11,942,700 |
| Fixed asset turnover | 1.04 | 1.01 | 1.22 | 1.45 | 1.51 | 1.63 | 1.40 | 1.15 | 0.99 | 0.91 | 0.84 | 0.79 | 0.73 | 0.70 | 0.74 | 0.77 | 0.76 | 0.81 | 0.83 | 0.82 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $14,142,000K ÷ $13,585,400K
= 1.04
The fixed asset turnover ratio for Mosaic Company has shown a fluctuating trend over the past eight quarters.
In Q4 2023, the fixed asset turnover ratio was 1.01, indicating that the company generated $1.01 in net sales for every dollar invested in fixed assets during that period. This ratio increased steadily from Q4 2022 to Q1 2023, reaching a peak of 1.47 in Q1 2023.
Subsequently, the fixed asset turnover ratio experienced a slight decline in Q2 2023 and further dropped to 1.01 in Q4 2023. This suggests that the company's efficiency in generating sales from its fixed assets has weakened in the most recent quarter.
Overall, the fixed asset turnover ratio for Mosaic Company has shown some variability, with fluctuations in efficiency in utilizing its fixed assets to generate revenue. Further analysis and comparison with industry benchmarks may be necessary to fully assess the company's performance in this area.
Peer comparison
Dec 31, 2023
See also:
The Mosaic Company Net Fixed Asset Turnover (Quarterly Data)