ConocoPhillips (COP)
Total 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 |
| Total assets | US$ in thousands | 122,780,000 | 95,924,000 | 93,829,000 | 90,661,000 | 62,618,000 |
| Total asset turnover | 0.45 | 0.60 | 0.84 | 0.51 | 0.30 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $54,745,000K ÷ $122,780,000K
= 0.45
ConocoPhillips' total asset turnover has exhibited a fluctuating trend over the past five years. Starting at 0.30 in December 31, 2020, it witnessed a steady increase to 0.84 by December 31, 2022, indicating a more efficient utilization of assets to generate revenue. However, there was a notable decrease to 0.60 by December 31, 2023, followed by a further decline to 0.45 by December 31, 2024. This suggests a potential inefficiency in asset management or a decrease in sales relative to total assets during these periods. Further analysis of operational and financial factors would be necessary to understand the reasons behind these fluctuations and to assess the overall performance of ConocoPhillips in terms of asset turnover.
Peer comparison
Dec 31, 2024