Total Asset Turnover
since 2005
Calculation
Mosaic Co., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net sales1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2021 | 0.56 | = | 12,357,400) | ÷ | 22,036,400) |
| Dec 31, 2020 | 0.44 | = | 8,681,700) | ÷ | 19,789,800) |
| Dec 31, 2019 | 0.46 | = | 8,906,300) | ÷ | 19,298,500) |
| Dec 31, 2018 | 0.48 | = | 9,587,300) | ÷ | 20,119,200) |
| Dec 31, 2017 | 0.40 | = | 7,409,400) | ÷ | 18,633,400) |
| Dec 31, 2016 | 0.43 | = | 7,162,800) | ÷ | 16,840,700) |
| Dec 31, 2015 | 0.51 | = | 8,895,300) | ÷ | 17,412,400) |
| Dec 31, 2014 | 0.50 | = | 9,055,800) | ÷ | 18,283,000) |
| May 31, 2013 | 0.55 | = | 9,974,100) | ÷ | 18,086,000) |
| May 31, 2012 | 0.67 | = | 11,107,800) | ÷ | 16,690,400) |
| May 31, 2011 | 0.63 | = | 9,937,800) | ÷ | 15,786,900) |
| May 31, 2010 | 0.53 | = | 6,759,100) | ÷ | 12,707,700) |
| May 31, 2009 | 0.81 | = | 10,298,000) | ÷ | 12,676,200) |
| May 31, 2008 | 0.83 | = | 9,812,600) | ÷ | 11,819,800) |
| May 31, 2007 | 0.63 | = | 5,773,700) | ÷ | 9,163,600) |
| May 31, 2006 | 0.61 | = | 5,305,800) | ÷ | 8,720,600) |
| May 31, 2005 | 0.52 | = | 4,396,700) | ÷ | 8,444,000) |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 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: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
1 US$ in thousands
The analysis of total asset turnover from 2005 to 2021 reveals a period of significant volatility in asset utilization efficiency, characterized by an initial growth phase, a prolonged decline, and a recent recovery. While total assets grew steadily from approximately 8.4 billion USD in 2005 to 22.0 billion USD in 2021, net sales experienced more erratic fluctuations, directly impacting the asset turnover ratio.
- Initial Efficiency Growth (2005–2008)
- A consistent upward trend in asset turnover is observed during this period, rising from 0.52 in 2005 to a peak of 0.83 in 2008. This improvement was driven by net sales growing at a faster rate than the asset base, indicating high operational efficiency in generating revenue from invested assets.
- Period of Volatility and Correction (2009–2012)
- The ratio experienced a sharp contraction to 0.53 by 2010, coinciding with a significant drop in net sales. A subsequent recovery occurred between 2011 and 2012, with the turnover ratio reaching 0.67, supported by a surge in net sales to 11.1 billion USD.
- Sustained Decline in Utilization (2013–2017)
- A multi-year downward trend is evident starting in 2013, with the asset turnover ratio declining from 0.55 to a period low of 0.40 in 2017. During this interval, the total asset base continued to expand, reaching 18.6 billion USD, while net sales remained stagnant or decreased, suggesting a period of underutilization of assets or an over-investment in capacity that did not yield proportional revenue growth.
- Recent Recovery Phase (2018–2021)
- The trend reversed after 2017, with the ratio gradually improving to 0.56 by 2021. This recovery is primarily attributed to a substantial increase in net sales, which reached a peak of 12.4 billion USD in 2021, outpacing the growth of the total asset base and improving overall revenue-generating efficiency.
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Comparison to Competitors
Mosaic Co., total asset turnover, long-term trends, comparison to competitors
| Mosaic Co. | Linde plc | Sherwin-Williams Co. | |
|---|---|---|---|
| Dec 31, 2021 | 0.56 | 0.38 | 0.97 |
| Dec 31, 2020 | 0.44 | 0.31 | 0.90 |
| Dec 31, 2019 | 0.46 | 0.33 | 0.87 |
| Dec 31, 2018 | 0.48 | 0.16 | 0.92 |
| Dec 31, 2017 | 0.40 | 0.56 | 0.75 |
| Dec 31, 2016 | 0.43 | 0.54 | 1.76 |
| Dec 31, 2015 | 0.51 | 0.59 | 1.96 |
| Dec 31, 2014 | 0.50 | 0.62 | 1.95 |
| May 31, 2013 | 0.55 | 0.59 | 1.60 |
| May 31, 2012 | 0.67 | 0.62 | 1.53 |
| May 31, 2011 | 0.63 | 0.69 | 1.68 |
| May 31, 2010 | 0.53 | 0.66 | 1.50 |
| May 31, 2009 | 0.81 | 0.63 | 1.64 |
| May 31, 2008 | 0.83 | 0.83 | 1.81 |
| May 31, 2007 | 0.63 | 0.70 | 1.65 |
| May 31, 2006 | 0.61 | 0.75 | 1.56 |
| May 31, 2005 | 0.52 | 0.73 | 1.65 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 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: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
Comparison to Sector (Chemicals)
Mosaic Co., total asset turnover, long-term trends, comparison to sector (chemicals)
| Mosaic Co. | Chemicals | |
|---|---|---|
| Dec 31, 2021 | 0.56 | 0.50 |
| Dec 31, 2020 | 0.44 | 0.42 |
| Dec 31, 2019 | 0.46 | 0.43 |
| Dec 31, 2018 | 0.48 | 0.29 |
| Dec 31, 2017 | 0.40 | 0.65 |
| Dec 31, 2016 | 0.43 | 0.86 |
| Dec 31, 2015 | 0.51 | 0.92 |
| Dec 31, 2014 | 0.50 | 0.92 |
| May 31, 2013 | 0.55 | 0.83 |
| May 31, 2012 | 0.67 | 0.85 |
| May 31, 2011 | 0.63 | 0.93 |
| May 31, 2010 | 0.53 | 0.88 |
| May 31, 2009 | 0.81 | 0.86 |
| May 31, 2008 | 0.83 | 1.07 |
| May 31, 2007 | 0.63 | 0.95 |
| May 31, 2006 | 0.61 | 1.00 |
| May 31, 2005 | 0.52 | 1.00 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 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: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
Comparison to Industry (Materials)
Mosaic Co., total asset turnover, long-term trends, comparison to industry (materials)
| Mosaic Co. | Materials | |
|---|---|---|
| Dec 31, 2021 | 0.56 | 0.49 |
| Dec 31, 2020 | 0.44 | 0.40 |
| Dec 31, 2019 | 0.46 | 0.41 |
| Dec 31, 2018 | 0.48 | 0.33 |
| Dec 31, 2017 | 0.40 | 0.55 |
| Dec 31, 2016 | 0.43 | 0.59 |
| Dec 31, 2015 | 0.51 | 0.54 |
| Dec 31, 2014 | 0.50 | 0.53 |
| May 31, 2013 | 0.55 | 0.48 |
| May 31, 2012 | 0.67 | 0.65 |
| May 31, 2011 | 0.63 | 0.76 |
| May 31, 2010 | 0.53 | 0.74 |
| May 31, 2009 | 0.81 | 0.70 |
| May 31, 2008 | 0.83 | 0.90 |
| May 31, 2007 | 0.63 | 0.58 |
| May 31, 2006 | 0.61 | 1.02 |
| May 31, 2005 | 0.52 | 0.93 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 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: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).