The Mosaic Company (MOS)
Total 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 |
| Total assets | US$ in thousands | 23,032,800 | 22,654,400 | 23,140,200 | 22,857,500 | 23,386,000 | 23,437,600 | 23,985,600 | 23,423,100 | 22,036,400 | 21,081,500 | 21,473,500 | 19,902,100 | 19,789,800 | 18,851,600 | 19,020,600 | 18,975,500 | 19,298,500 | 20,440,100 | 20,643,900 | 20,445,300 |
| Total asset turnover | 0.61 | 0.58 | 0.69 | 0.81 | 0.82 | 0.87 | 0.74 | 0.63 | 0.56 | 0.53 | 0.47 | 0.47 | 0.44 | 0.42 | 0.44 | 0.45 | 0.46 | 0.47 | 0.48 | 0.48 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $14,142,000K ÷ $23,032,800K
= 0.61
The total asset turnover ratio measures the efficiency of a company in generating sales revenue from its total assets. A higher total asset turnover ratio indicates that the company is effectively utilizing its assets to generate sales.
Based on the data provided, Mosaic Company's total asset turnover has been fluctuating over the past eight quarters. In Q4 2023, the total asset turnover ratio was 0.59, indicating that the company generated $0.59 in sales for every $1 of total assets. This represents a decrease from the previous quarter.
For the previous quarters, the total asset turnover ratio ranged from 0.60 to 0.82. The highest ratio was observed in Q1 2023 and Q4 2022, where the company generated $0.82 in sales for each dollar of total assets.
The decreasing trend in total asset turnover ratio from Q1 2023 to Q4 2023 could suggest that Mosaic Company may be facing challenges in efficiently utilizing its assets to generate sales revenue. Further analysis of the company's operational efficiency and asset management may be needed to identify the underlying factors driving this trend.
Peer comparison
Dec 31, 2023