MP Materials Corp (MP)
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 | 203,855 | 184,074 | 173,663 | 206,429 | 253,445 | 305,485 | 377,414 | 456,952 | 527,510 | 533,374 | 508,683 | 438,239 | 331,952 | 275,021 | 216,289 | 173,562 | 134,310 | 113,180 | 99,074 | 81,407 |
| Total assets | US$ in thousands | 2,333,560 | 2,300,290 | 2,364,330 | 2,354,040 | 2,393,100 | 2,322,220 | 2,289,440 | 2,281,100 | 2,237,790 | 2,189,160 | 2,101,240 | 1,987,210 | 1,889,670 | 1,849,450 | 1,817,960 | 1,782,530 | 1,074,290 | 157,187 | 147,604 | — |
| Total asset turnover | 0.09 | 0.08 | 0.07 | 0.09 | 0.11 | 0.13 | 0.16 | 0.20 | 0.24 | 0.24 | 0.24 | 0.22 | 0.18 | 0.15 | 0.12 | 0.10 | 0.13 | 0.72 | 0.67 | — |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $203,855K ÷ $2,333,560K
= 0.09
The total asset turnover of MP Materials Corp, a measure of how efficiently the company utilizes its assets to generate revenue, has shown fluctuating trends over the period from March 31, 2020, to December 31, 2024.
The total asset turnover ratio increased from 0.67 as of June 30, 2020, to a peak of 0.24 in June 30, 2022, indicating an improvement in the company's ability to generate revenue relative to its total assets during this period.
However, the ratio started to decline thereafter, reaching 0.07 by June 30, 2024. This decrease suggests a potential decrease in the efficiency of MP Materials Corp in utilizing its assets to generate revenue.
Overall, the total asset turnover ratio of MP Materials Corp exhibited variability, with an initial improvement followed by a subsequent decline, indicating changes in the company's operational efficiency and revenue generation capacity over the analyzed period. Further analysis and investigation may be necessary to understand the factors influencing these fluctuations in the total asset turnover ratio.
Peer comparison
Dec 31, 2024