Ingevity Corp (NGVT)
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 | 1,402,200 | 1,382,300 | 1,451,400 | 1,542,600 | 1,595,100 | 1,639,900 | 1,675,900 | 1,614,000 | 1,604,200 | 1,566,500 | 1,461,300 | 1,399,800 | 1,337,300 | 1,381,100 | 1,336,000 | 1,248,200 | 1,215,700 | 1,193,500 | 1,220,200 | 1,300,800 |
| Total assets | US$ in thousands | 2,022,600 | 2,211,600 | 2,276,200 | 2,566,900 | 2,623,300 | 2,766,800 | 2,828,300 | 2,772,200 | 2,736,500 | 2,335,400 | 2,366,000 | 2,455,800 | 2,469,000 | 2,426,200 | 2,389,000 | 2,342,500 | 2,334,500 | 2,258,200 | 2,195,500 | 2,353,300 |
| Total asset turnover | 0.69 | 0.63 | 0.64 | 0.60 | 0.61 | 0.59 | 0.59 | 0.58 | 0.59 | 0.67 | 0.62 | 0.57 | 0.54 | 0.57 | 0.56 | 0.53 | 0.52 | 0.53 | 0.56 | 0.55 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,402,200K ÷ $2,022,600K
= 0.69
Ingevity Corp's total asset turnover has shown fluctuations over the past few years, starting at 0.55 in March 2020 and reaching a peak of 0.69 by December 2024. The metric dipped to 0.52 in December 2020 before showing an upward trend, surpassing previous levels. This indicates that the company has been improving its efficiency in generating sales revenue relative to its total assets. The notable increase in total asset turnover from 0.55 in March 2020 to 0.69 in December 2024 suggests that Ingevity Corp has been able to utilize its assets more effectively to drive revenue growth.
Peer comparison
Dec 31, 2024