ConocoPhillips (COP)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 54,745,000 | 57,861,000 | 78,494,000 | 45,828,000 | 18,784,000 |
| Property, plant and equipment | US$ in thousands | — | — | 64,866,000 | 64,911,000 | 39,893,000 |
| Fixed asset turnover | — | — | 1.21 | 0.71 | 0.47 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $54,745,000K ÷ $—K
= —
ConocoPhillips' fixed asset turnover ratio has shown a positive trend over the years, increasing from 0.47 in December 31, 2020, to 0.71 in December 31, 2021, and further improving to 1.21 in December 31, 2022. This indicates that the company is generating more revenue relative to its fixed assets, which is a positive sign of operational efficiency. However, the ratio for December 31, 2023, and December 31, 2024, is not available. It would be important to monitor this ratio in future periods to assess the continued effectiveness of ConocoPhillips in utilizing its fixed assets to generate revenue.
Peer comparison
Dec 31, 2024