ConocoPhillips (COP)
Fixed 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 | 55,276,000 | 55,684,000 | 56,330,000 | 55,093,000 | 56,056,000 | 59,970,000 | 66,733,000 | 75,543,000 | 78,494,000 | 75,056,000 | 65,369,000 | 53,764,000 | 45,828,000 | 36,199,000 | 29,259,000 | 22,452,000 | 18,784,000 | 21,001,000 | 24,371,000 | 29,575,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 65,561,000 | 65,452,000 | 65,090,000 | 64,866,000 | 63,673,000 | 64,008,000 | 64,642,000 | 64,911,000 | 56,689,000 | 57,717,000 | 58,270,000 | 39,893,000 | 41,269,000 | 41,120,000 | 40,645,000 |
| Fixed asset turnover | — | — | — | — | — | 0.91 | 1.02 | 1.16 | 1.21 | 1.18 | 1.02 | 0.83 | 0.71 | 0.64 | 0.51 | 0.39 | 0.47 | 0.51 | 0.59 | 0.73 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $55,276,000K ÷ $—K
= —
The fixed asset turnover ratio of ConocoPhillips has shown a declining trend from March 2020 to June 2021, dropping from 0.73 to 0.51. This indicates that the company was generating lower revenue in relation to its investment in fixed assets during this period.
However, starting from September 2021, the trend reversed, showing an upward trajectory. The ratio increased steadily, reaching its peak at 1.21 by December 2022 before slightly declining to 0.91 by September 2023.
Overall, the increase in the fixed asset turnover ratio from September 2021 to December 2022 suggests that ConocoPhillips was able to generate more revenue for each unit of fixed assets invested, indicating improved efficiency and utilization of its assets during this period.
The subsequent decrease in the ratio from December 2022 to September 2023 may indicate a potential decrease in revenue relative to fixed assets, which could be an area of concern that warrants further investigation and analysis. The missing data for the latter part of 2024 prevents a full assessment of the trend at the end of the period.
Peer comparison
Dec 31, 2024