Core Laboratories NV (CLB)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | ||
|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 520,526 | 517,009 | 504,808 | 498,822 |
| Total assets | US$ in thousands | 590,406 | 600,466 | 597,799 | 587,950 |
| Total asset turnover | 0.88 | 0.86 | 0.84 | 0.85 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $520,526K ÷ $590,406K
= 0.88
Total asset turnover is a ratio that measures a company's ability to generate revenue from its assets. For Core Laboratories NV, the total asset turnover has shown a consistent improvement throughout the year 2024. In March 2024, the total asset turnover was 0.85, indicating that the company generated $0.85 in revenue for every dollar of assets. This ratio slightly declined to 0.84 in June 2024 before increasing to 0.86 in September 2024 and further improving to 0.88 in December 2024.
The upward trend in total asset turnover suggests that Core Laboratories NV is effectively utilizing its assets to generate revenue. A higher total asset turnover typically indicates that the company is efficiently managing its assets to generate sales. This improvement in asset turnover over the year reflects positively on the company's operational efficiency and ability to generate revenue from its asset base.
Peer comparison
Dec 31, 2024