MP Materials Corp (MP)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 203,855 | 253,445 | 527,510 | 331,952 | 134,310 |
| Total assets | US$ in thousands | 2,333,560 | 2,336,450 | 2,237,790 | 1,889,670 | 1,074,290 |
| Total asset turnover | 0.09 | 0.11 | 0.24 | 0.18 | 0.13 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $203,855K ÷ $2,333,560K
= 0.09
The total asset turnover of MP Materials Corp has shown a fluctuating trend over the period from December 31, 2020, to December 31, 2024. The company's total asset turnover ratio increased from 0.13 in 2020 to 0.24 in 2022, reflecting a significant improvement in the efficiency with which the company generates sales from its total assets. However, there was a notable decline in the ratio to 0.11 in 2023 and further to 0.09 in 2024, indicating a decrease in the company's ability to utilize its assets to generate revenue efficiently during these years. Overall, the total asset turnover ratios suggest that MP Materials Corp experienced periods of both improvement and deterioration in asset utilization over the analyzed period.
Peer comparison
Dec 31, 2024