The Mosaic Company (MOS)
Total 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 |
| Total assets | US$ in thousands | 22,924,000 | 23,032,800 | 23,386,000 | 22,036,400 | 19,789,800 |
| Total asset turnover | 0.49 | 0.59 | 0.82 | 0.56 | 0.44 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $11,122,800K ÷ $22,924,000K
= 0.49
The total asset turnover of The Mosaic Company has shown fluctuating trends over the past five years. In December 2020, the total asset turnover ratio was 0.44, indicating that the company generated $0.44 in sales for every $1 of assets. There was a significant improvement in December 2022, with the ratio increasing to 0.82, suggesting that the company became more efficient in utilizing its assets to generate revenue.
However, this positive trend was not sustained as the total asset turnover ratio decreased to 0.59 in December 2023 and further dropped to 0.49 in December 2024. These declines may indicate a potential decrease in sales relative to the amount of assets employed by the company.
Overall, the total asset turnover ratio of The Mosaic Company has shown mixed performance, with improvements in certain years but declines in others. It is crucial for the company to carefully manage its assets to ensure efficient utilization and maintain stable or increasing revenue generation in the future.
Peer comparison
Dec 31, 2024