Baker Hughes Co (BKR)
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 | 27,631,000 | 26,809,000 | 26,547,000 | 25,693,000 | 24,941,000 | 23,990,000 | 22,603,000 | 21,333,000 | 20,452,000 | 20,453,000 | 20,175,000 | 20,265,000 | 20,202,000 | 20,101,000 | 20,058,000 | 19,648,000 | 20,306,000 | 21,363,000 | 22,203,000 | 23,474,000 |
| Total assets | US$ in thousands | 38,363,000 | 37,530,000 | 36,656,000 | 37,141,000 | 36,945,000 | 36,550,000 | 36,093,000 | 35,042,000 | 34,181,000 | 33,165,000 | 33,753,000 | 34,994,000 | 35,308,000 | 35,772,000 | 36,669,000 | 36,836,000 | 38,007,000 | 37,339,000 | 37,523,000 | 37,229,000 |
| Total asset turnover | 0.72 | 0.71 | 0.72 | 0.69 | 0.68 | 0.66 | 0.63 | 0.61 | 0.60 | 0.62 | 0.60 | 0.58 | 0.57 | 0.56 | 0.55 | 0.53 | 0.53 | 0.57 | 0.59 | 0.63 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $27,631,000K ÷ $38,363,000K
= 0.72
Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its total assets. A higher total asset turnover indicates better asset utilization and efficiency.
Analyzing the total asset turnover of Baker Hughes Co over the past few years, we observe a generally declining trend from 0.63 as of March 31, 2020, to 0.72 as of December 31, 2024. Despite some fluctuations, the ratio has shown some level of stability in recent periods.
The company's total asset turnover peaked at 0.72 as of June 30, 2024, indicating that Baker Hughes Co was able to generate $0.72 in sales revenue for every dollar of assets owned, suggesting improved efficiency in asset utilization. This trend is positive and suggests that the company is managing its assets effectively to drive sales growth.
Overall, the increasing trend in total asset turnover for Baker Hughes Co is indicative of the company's ability to efficiently leverage its assets to drive revenue growth, which can be a favorable sign for investors and stakeholders. However, it is essential to monitor this ratio over time to ensure continued effectiveness in asset management and revenue generation.
Peer comparison
Dec 31, 2024