Ford Motor Co. (NYSE:F)

Net Fixed Asset Turnover

The net fixed asset turnover ratio exhibits an overall upward trend from the first available data point in March 2021 through March 2025. Starting at 3.13, the ratio shows gradual improvement, peaking around the 4.17 to 4.18 range in late 2023. This indicates enhanced efficiency in generating sales revenue per unit of net fixed assets over the period. Despite minor fluctuations in late 2024 and early 2025, the ratio remains relatively stable above 4.0, suggesting consistent asset utilization.

Total Asset Turnover

Total asset turnover also demonstrates a positive trajectory from March 2021 onward. Initially recorded at 0.43, the ratio increases steadily, reaching levels around 0.60 to 0.61 by the end of 2023 and maintains these values into early 2025. The improvement suggests a growing ability to generate sales from the full asset base. The growth is gradual but consistent, reflecting improved efficiency in asset usage overall, with the ratio stabilizing at approximately 0.60 in recent periods.

Equity Turnover

The equity turnover ratio presents a more variable pattern through the quarters. From March 2021, the ratio decreased initially, falling from 3.78 to a low point near 2.60 by early 2022, indicating a temporary decline in the efficiency of equity in generating revenue. However, starting mid-2022, there is a notable recovery and upward movement, with the ratio increasing steadily to about 3.88 by mid-2024. The ratio then stabilizes with marginal variation just below this peak through early 2025. This rebound and stabilization hint at improved leverage or revenue generation from shareholders' equity after an initial period of reduced turnover efficiency.

Company Revenues Excluding Ford Credit

The revenue data reveals significant fluctuations over the examined periods. A notable decline is observed from March 31, 2020 (31,353 million USD) to June 30, 2020 (16,632 million USD), likely reflecting an acute disruption during this timeframe. Subsequently, revenues demonstrated recovery and increases through the rest of 2020 and into early 2021, reaching 35,565 million USD by March 31, 2021.

Throughout 2021 and 2022, revenues continued to fluctuate, showing episodes of growth punctuated by slight declines. Peaks were observed on December 31, 2022 (41,745 million USD) and June 30, 2023 (42,427 million USD), suggesting periods of strong sales performance.

However, from late 2023 into 2025, the revenue figures show higher volatility with several rises and drops. The overall trend from early 2023 until March 31, 2025, indicates an inconsistent revenue pattern with a general tendency toward maintaining revenues in the 37,000 to 44,000 million USD range, albeit ending with a decline to 37,422 million USD on March 31, 2025.

Net Property

Net property values have shown a steady upward progression throughout the periods measured. Starting at 35,294 million USD on March 31, 2020, the net property value experienced minor oscillations but generally increased consistently over time, reaching 42,471 million USD by March 31, 2025.

This gradual increase indicates ongoing investment in property assets or appreciation thereof, reflecting a sustained focus on physical asset growth or maintenance. The trend suggests relative stability and controlled asset expansion within the company.

Net Fixed Asset Turnover Ratio

The net fixed asset turnover ratio, available from September 30, 2020 onward, exhibits a positive upward trend from 3.13 to a peak of 4.18 by December 31, 2023. This increase denotes enhanced efficiency in utilizing fixed assets to generate revenues over this period.

After reaching the peak, the ratio slightly decreased, settling around 4.01 by March 31, 2025. Despite this minor decline, the ratio remains higher than the initial value, indicating improved asset utilization relative to earlier periods.

This pattern suggests successful efforts in improving operational efficiency concerning fixed assets, potentially through better asset management or revenue growth outpacing asset accumulation during these years.

Revenues excluding Ford Credit

The company's revenues excluding Ford Credit display significant quarterly fluctuations throughout the observed periods. Starting at 31,353 million USD in March 2020, a notable decline to 16,632 million USD occurred in June 2020, likely reflecting an abnormal event or seasonal effect. Following this, there is a recovery and subsequent growth trend, with revenues generally increasing and peaking at 44,936 million USD in December 2024. However, intermittent decreases are visible, such as the drop to 37,422 million USD in March 2025. This pattern suggests cyclical volatility, although with an overall growth trajectory across the years.

Total Assets

Total assets show relative stability with gradual fluctuations around the 250,000 to 280,000 million USD range. A slow decline from 264,150 million USD in March 2020 to about 245,755 million USD in June 2022 is observed, followed by a moderate increase peaking close to 287,047 million USD in September 2024. The figures slightly dip afterward to 284,539 million USD by March 2025. The data indicate a steady asset base, with minor cyclical movements but no drastic shifts.

Total Asset Turnover

The total asset turnover ratio, beginning from data availability in September 2020 at 0.43, shows an increasing and stabilizing trend over time. It rises steadily through subsequent quarters, reaching approximately 0.61 from December 2022 onward, maintaining this level with minor fluctuations. This increase indicates an improved efficiency in utilizing assets to generate sales revenue, reflecting positively on operational performance.

The financial data demonstrates significant fluctuations in key performance metrics over the analyzed periods, reflecting both seasonal variation and changes in business conditions.

Revenues excluding Ford Credit

The company’s revenues exhibit pronounced volatility across quarters. A sharp decline is noted in the second quarter of 2020, dropping from 31,353 million USD to 16,632 million USD, likely influenced by external disruptions. Subsequently, revenues recover and fluctuate within a range of approximately 32,000 to 45,000 million USD. A general upward trend is discernible from early 2022 through 2024, with peaks near the fourth quarters, though the most recent quarter shows a notable decrease to 37,422 million USD. This trend suggests cyclical revenue dynamics with periods of growth interrupted by sudden downturns.

Equity attributable to Ford Motor Company

This metric reveals a gradual but irregular increase over the examined timeframe. Starting around 29,650 million USD in the first quarter of 2020, equity climbs steadily, with some periods of decline or stagnation, reaching a peak near 48,519 million USD by the end of 2021. Subsequent quarters show fluctuations mostly in the 42,000 to 44,000 million USD range. While the growth trend suggests increases in retained earnings or capital injections, the volatility underlines sensitivity to market conditions or internal financial adjustments.

Equity turnover ratio

The equity turnover ratio, available from the third quarter of 2020, indicates relative efficiency in generating revenue from equity. Initially high at 3.78, the ratio declines somewhat to a trough around 2.6, before recovering and stabilizing between approximately 3.4 and 3.9 in later periods. The ratio’s stabilization above 3.5 in recent years suggests an improvement or consistent ability to utilize equity in driving revenue generation despite the fluctuations observed in absolute revenue and equity figures.

Overall, the company shows resilience with capacity for revenue recovery after steep declines, a generally growing equity base with periods of correction, and an improving or stable equity efficiency ratio. These trends may reflect responses to broader economic factors, operational strategies, and capital management approaches.