Chevron Corp (CVX)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 202,792,000 | 196,913,000 | 246,252,000 | 155,606,000 | 94,471,000 |
| Property, plant and equipment | US$ in thousands | — | — | 147,853,000 | 150,629,000 | 160,567,000 |
| Fixed asset turnover | — | — | 1.67 | 1.03 | 0.59 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $202,792,000K ÷ $—K
= —
The fixed asset turnover ratio of Chevron Corp has shown a significant improvement over the past few years, reflecting the company's ability to generate more revenue from its fixed assets.
In 2020, the fixed asset turnover was 0.59, indicating that for every dollar of fixed assets, Chevron generated $0.59 in revenue. By the end of 2021, this ratio increased to 1.03, showing an increase in efficiency in utilizing its fixed assets to generate sales.
The trend continued to improve in 2022, with a fixed asset turnover ratio of 1.67, suggesting that Chevron was able to generate $1.67 in revenue for every dollar of fixed assets. This sharp increase indicates a more efficient use of fixed assets to drive revenue growth.
It is notable that the data for 2023 and 2024 is unavailable (marked as "—"), which may be due to the unavailability of financial information or changes in reporting practices.
Overall, the increasing trend in the fixed asset turnover ratio from 2020 to 2022 demonstrates Chevron's improved efficiency in utilizing its fixed assets to generate sales. The company seems to be effectively managing its asset base to drive revenue growth.
Peer comparison
Dec 31, 2024