The Mosaic Company (MOS)
Total 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 |
| Total assets | US$ in thousands | 23,032,800 | 23,386,000 | 22,036,400 | 19,789,800 | 19,298,500 |
| Total asset turnover | 0.59 | 0.82 | 0.56 | 0.44 | 0.46 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $13,696,100K ÷ $23,032,800K
= 0.59
Mosaic Company's total asset turnover has fluctuated over the past five years, ranging from 0.44 to 0.82. The total asset turnover ratio measures the company's efficiency in generating sales revenue from its total assets. A higher total asset turnover indicates that the company is generating more sales relative to its total assets.
In 2023, the total asset turnover decreased to 0.59 from 0.82 in 2022, suggesting a decrease in the company's ability to generate sales from its total assets. The decrease could be attributed to various factors such as changes in the company's sales strategy, asset utilization, or overall business performance.
It is important for investors and stakeholders to closely monitor Mosaic Company's total asset turnover ratio to assess the company's operational efficiency and financial performance. Further analysis of the company's asset management and revenue generation strategies may be necessary to understand the reasons behind the fluctuations in the total asset turnover ratio.
Peer comparison
Dec 31, 2023