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Ford Motor Co (Ford Motor Co) Asset Turnover : 0.16 (As of Mar. 2024)


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What is Ford Motor Co Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Ford Motor Co's Revenue for the three months ended in Mar. 2024 was $42,777 Mil. Ford Motor Co's Total Assets for the quarter that ended in Mar. 2024 was $273,826 Mil. Therefore, Ford Motor Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.16.

Asset Turnover is linked to ROE % through Du Pont Formula. Ford Motor Co's annualized ROE % for the quarter that ended in Mar. 2024 was 12.44%. It is also linked to ROA % through Du Pont Formula. Ford Motor Co's annualized ROA % for the quarter that ended in Mar. 2024 was 1.95%.


Ford Motor Co Asset Turnover Historical Data

The historical data trend for Ford Motor Co's Asset Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Ford Motor Co Asset Turnover Chart

Ford Motor Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.61 0.48 0.52 0.62 0.67

Ford Motor Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.16 0.17 0.16 0.17 0.16

Competitive Comparison of Ford Motor Co's Asset Turnover

For the Auto Manufacturers subindustry, Ford Motor Co's Asset Turnover, along with its competitors' market caps and Asset Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ford Motor Co's Asset Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ford Motor Co's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Ford Motor Co's Asset Turnover falls into.



Ford Motor Co Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Ford Motor Co's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=176191/( (255884+273310)/ 2 )
=176191/264597
=0.67

Ford Motor Co's Asset Turnover for the quarter that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=42777/( (273310+274341)/ 2 )
=42777/273825.5
=0.16

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.


Ford Motor Co  (NYSE:F) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Ford Motor Co's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=5328/42821.5
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(5328 / 171108)*(171108 / 273825.5)*(273825.5/ 42821.5)
=Net Margin %*Asset Turnover*Equity Multiplier
=3.11 %*0.6249*6.3946
=ROA %*Equity Multiplier
=1.95 %*6.3946
=12.44 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 2024) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Ford Motor Co's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=5328/273825.5
=(Net Income / Revenue)*(Revenue / Total Assets)
=(5328 / 171108)*(171108 / 273825.5)
=Net Margin %*Asset Turnover
=3.11 %*0.6249
=1.95 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 2024) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


Ford Motor Co Asset Turnover Related Terms

Thank you for viewing the detailed overview of Ford Motor Co's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Ford Motor Co (Ford Motor Co) Business Description

Address
One American Road, Dearborn, MI, USA, 48126
Ford Motor Co. manufactures automobiles under its Ford and Lincoln brands. In March 2022, the company announced that it will run its combustion engine business, Ford Blue, and its BEV business, Ford Model e, as separate businesses but still all under Ford Motor. The company has about 13% market share in the United States, about 6.5% share in Europe, and about 2.1% share in China including unconsolidated affiliates. We expect market share to increase as inventory improves coming out of the chip shortage. Sales in the U.S. made up about 67% of 2022 total company revenue. Ford has about 173,000 employees, including about 57,000 UAW employees, and is based in Dearborn, Michigan.
Executives
John Douglas Field officer: Chief AT&ES Officer ONE AMERICAN ROAD, DEARBORN MI 48126
Andrew Frick officer: President, Ford Blue ONE AMERICAN ROAD, DEARBORN MI 48126
Peter C Stern officer: President, Integrated Services C/O FORD MOTOR COMPANY, ONE AMERICAN ROAD, DEARBORN MI 48126
John T. Lawler officer: Vice President and Controller ONE AMERICAN ROAD, DEARBORN MI 48126
Farley Jr James D officer: Group Vice President FORD MOTOR COMPANY, ONE AMERICAN ROAD, DEARBORN MI 48126
Ashwani Kumar Galhotra officer: Group Vice President ONE AMERICAN ROAD, DEARBORN MI 48138
Theodore J. Cannis officer: CEO of Ford Pro ONE AMERICAN ROAD, DEARBORN MI 48126
Shengpo Wu officer: President and CEO, Ford China ONE AMERICAN ROAD, DEARBORN MI 48126
Stuart J. Rowley officer: Vice President and Controller ONE AMERICAN ROAD, DEARBORN MI 48126
Jennifer Waldo officer: Chief People & E. Exp. Officer ONE AMERICAN ROAD, DEARBORN MI 48126
Marin Gjaja officer: Chief Cust. Off., Ford Model e ONE AMERICAN ROAD, DEARBORN MI 48126
Ford William Clay Jr director, officer: Chairman and CEO FORD MOTOR COMPANY, ONE AMERICAN ROAD, DEARBORN MI 48126
Alexandra Ford English director ONE AMERICAN ROAD, DEARBORN MI 48126
May John C Ii director DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265
Catherine A. O'callaghan officer: Vice President and Controller ONE AMERICAN ROAD, DEARBORN MI 48126

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