Total Asset Turnover
since 2005
Calculation
DuPont de Nemours Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net sales1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2019 | 0.31 | = | 21,512) | ÷ | 69,396) |
| Dec 31, 2018 | 0.46 | = | 85,977) | ÷ | 188,030) |
| Dec 31, 2017 | 0.33 | = | 62,484) | ÷ | 192,164) |
| Dec 31, 2016 | 0.61 | = | 48,158) | ÷ | 79,511) |
| Dec 31, 2015 | 0.72 | = | 48,778) | ÷ | 68,026) |
| Dec 31, 2014 | 0.85 | = | 58,167) | ÷ | 68,796) |
| Dec 31, 2013 | 0.82 | = | 57,080) | ÷ | 69,501) |
| Dec 31, 2012 | 0.82 | = | 56,786) | ÷ | 69,605) |
| Dec 31, 2011 | 0.87 | = | 59,985) | ÷ | 69,224) |
| Dec 31, 2010 | 0.77 | = | 53,674) | ÷ | 69,588) |
| Dec 31, 2009 | 0.68 | = | 44,875) | ÷ | 65,937) |
| Dec 31, 2008 | 1.26 | = | 57,514) | ÷ | 45,474) |
| Dec 31, 2007 | 1.10 | = | 53,513) | ÷ | 48,801) |
| Dec 31, 2006 | 1.08 | = | 49,124) | ÷ | 45,581) |
| Dec 31, 2005 | 1.01 | = | 46,307) | ÷ | 45,934) |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The total asset turnover ratio exhibits a significant long-term decline from 2005 to 2019, reflecting a substantial reduction in the efficiency with which assets are utilized to generate net sales. The ratio transitioned from a peak of 1.26 in 2008 to a period low of 0.31 by 2019.
- Initial Efficiency Growth (2005–2008)
- During this period, asset productivity improved steadily, with the total asset turnover ratio rising from 1.01 to 1.26. This trend was driven by consistent growth in net sales, which increased from 46,307 million to 57,514 million, while the total asset base remained relatively stable between 45,000 million and 48,000 million.
- Volatility and Stabilization (2009–2016)
- A sharp contraction occurred in 2009, where the ratio fell to 0.68 due to a simultaneous decrease in net sales and a significant increase in total assets to 65,937 million. Between 2010 and 2014, the ratio stabilized and partially recovered, peaking at 0.85 in 2014. However, a downward trend resumed between 2015 and 2016, with the ratio falling to 0.61 as net sales declined while assets continued to grow.
- Structural Shifts and Efficiency Decline (2017–2019)
- The period between 2017 and 2019 is characterized by extreme volatility in the balance sheet and income statement. In 2017, a massive expansion of total assets to 192,164 million caused the asset turnover ratio to plummet to 0.33, despite an increase in net sales. Although the ratio saw a brief recovery to 0.46 in 2018 following a surge in sales to 85,977 million, it collapsed to 0.31 in 2019. This final decline was precipitated by a drastic reduction in net sales to 21,512 million, which far outpaced the reduction in total assets.
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Comparison to Competitors
DuPont de Nemours Inc., total asset turnover, long-term trends, comparison to competitors
| DuPont de Nemours Inc. | Linde plc | Sherwin-Williams Co. | |
|---|---|---|---|
| Dec 31, 2019 | 0.31 | 0.33 | 0.87 |
| Dec 31, 2018 | 0.46 | 0.16 | 0.92 |
| Dec 31, 2017 | 0.33 | 0.56 | 0.75 |
| Dec 31, 2016 | 0.61 | 0.54 | 1.76 |
| Dec 31, 2015 | 0.72 | 0.59 | 1.96 |
| Dec 31, 2014 | 0.85 | 0.62 | 1.95 |
| Dec 31, 2013 | 0.82 | 0.59 | 1.60 |
| Dec 31, 2012 | 0.82 | 0.62 | 1.53 |
| Dec 31, 2011 | 0.87 | 0.69 | 1.68 |
| Dec 31, 2010 | 0.77 | 0.66 | 1.50 |
| Dec 31, 2009 | 0.68 | 0.63 | 1.64 |
| Dec 31, 2008 | 1.26 | 0.83 | 1.81 |
| Dec 31, 2007 | 1.10 | 0.70 | 1.65 |
| Dec 31, 2006 | 1.08 | 0.75 | 1.56 |
| Dec 31, 2005 | 1.01 | 0.73 | 1.65 |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Chemicals)
DuPont de Nemours Inc., total asset turnover, long-term trends, comparison to sector (chemicals)
| DuPont de Nemours Inc. | Chemicals | |
|---|---|---|
| Dec 31, 2019 | 0.31 | 0.43 |
| Dec 31, 2018 | 0.46 | 0.29 |
| Dec 31, 2017 | 0.33 | 0.65 |
| Dec 31, 2016 | 0.61 | 0.86 |
| Dec 31, 2015 | 0.72 | 0.92 |
| Dec 31, 2014 | 0.85 | 0.92 |
| Dec 31, 2013 | 0.82 | 0.83 |
| Dec 31, 2012 | 0.82 | 0.85 |
| Dec 31, 2011 | 0.87 | 0.93 |
| Dec 31, 2010 | 0.77 | 0.88 |
| Dec 31, 2009 | 0.68 | 0.86 |
| Dec 31, 2008 | 1.26 | 1.07 |
| Dec 31, 2007 | 1.10 | 0.95 |
| Dec 31, 2006 | 1.08 | 1.00 |
| Dec 31, 2005 | 1.01 | 1.00 |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Materials)
DuPont de Nemours Inc., total asset turnover, long-term trends, comparison to industry (materials)
| DuPont de Nemours Inc. | Materials | |
|---|---|---|
| Dec 31, 2019 | 0.31 | 0.41 |
| Dec 31, 2018 | 0.46 | 0.33 |
| Dec 31, 2017 | 0.33 | 0.55 |
| Dec 31, 2016 | 0.61 | 0.59 |
| Dec 31, 2015 | 0.72 | 0.54 |
| Dec 31, 2014 | 0.85 | 0.53 |
| Dec 31, 2013 | 0.82 | 0.48 |
| Dec 31, 2012 | 0.82 | 0.65 |
| Dec 31, 2011 | 0.87 | 0.76 |
| Dec 31, 2010 | 0.77 | 0.74 |
| Dec 31, 2009 | 0.68 | 0.70 |
| Dec 31, 2008 | 1.26 | 0.90 |
| Dec 31, 2007 | 1.10 | 0.58 |
| Dec 31, 2006 | 1.08 | 1.02 |
| Dec 31, 2005 | 1.01 | 0.93 |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).