The Mosaic Company (MOS)
Fixed 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 | 11,122,800 | 10,988,000 | 11,551,900 | 12,556,100 | 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 |
| Property, plant and equipment | US$ in thousands | 13,352,600 | 13,683,100 | 13,269,700 | 13,461,300 | 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 |
| Fixed asset turnover | 0.83 | 0.80 | 0.87 | 0.93 | 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 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $11,122,800K ÷ $13,352,600K
= 0.83
The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. A higher ratio indicates better utilization of fixed assets.
Looking at the trend for The Mosaic Company's fixed asset turnover from March 31, 2020, to December 31, 2024, we observe fluctuations in the ratio. The trend shows a decrease from 0.77 on March 31, 2020, to a low of 0.70 on September 30, 2020. Thereafter, the ratio gradually improved, reaching its peak at 1.63 on September 30, 2022.
The substantial increase from September 30, 2021, to September 30, 2022, is indicative of better efficiency in utilizing fixed assets to generate revenue. However, there was a slight decline in the ratio towards the end of the period, settling at 0.83 on December 31, 2024.
Overall, the firm seems to have made improvements in optimizing its fixed assets for revenue generation during the period under review. However, the downward trend towards the end may warrant further analysis to understand the underlying reasons for the decrease in fixed asset turnover.
Peer comparison
Dec 31, 2024
See also:
The Mosaic Company Net Fixed Asset Turnover (Quarterly Data)