The Mosaic Company (MOS)
Total 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 |
| Total assets | US$ in thousands | 22,924,000 | 23,291,700 | 22,566,500 | 22,873,000 | 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 |
| Total asset turnover | 0.49 | 0.47 | 0.51 | 0.55 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $11,122,800K ÷ $22,924,000K
= 0.49
The total asset turnover of The Mosaic Company has shown fluctuations over the years, indicating variations in its ability to generate revenue from its assets. The trend shows an increase from 0.45 in March 2020 to a peak of 0.87 in September 2022. However, there was a slight decline from that peak to 0.47 by December 31, 2024.
A higher total asset turnover ratio generally indicates that the company is more efficient in utilizing its assets to generate revenue. The increase in the ratio from 2020 to 2022 suggests an improvement in asset utilization efficiency during that period. However, the subsequent decline in the ratio from 2022 to 2024 may indicate a potential decrease in efficiency in generating revenue from assets.
Overall, while the total asset turnover ratio of The Mosaic Company has shown some volatility, it is important to further investigate the underlying reasons for the fluctuations to assess the company's operational performance and efficiency in utilizing its assets effectively.
Peer comparison
Dec 31, 2024