Chevron Corp (CVX)
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 | 197,306,000 | 194,013,000 | 197,009,000 | 194,651,000 | 196,913,000 | 202,503,000 | 214,089,000 | 232,245,000 | 235,717,000 | 227,055,000 | 206,099,000 | 176,844,000 | 155,606,000 | 134,588,000 | 116,033,000 | 95,842,000 | 94,471,000 | 104,202,000 | 114,984,000 | 135,381,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 153,972,000 | 143,738,000 | 143,383,000 | 143,591,000 | 144,568,000 | 145,232,000 | 145,215,000 | 150,629,000 | 149,925,000 | 151,208,000 | 155,118,000 | 160,567,000 | 144,182,000 | 145,642,000 | 152,209,000 |
| Fixed asset turnover | — | — | — | — | — | 1.32 | 1.49 | 1.62 | 1.64 | 1.57 | 1.42 | 1.22 | 1.03 | 0.90 | 0.77 | 0.62 | 0.59 | 0.72 | 0.79 | 0.89 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $197,306,000K ÷ $—K
= —
The fixed asset turnover of Chevron Corp has shown a fluctuating trend over the period from March 31, 2020, to December 31, 2023. Starting at 0.89 in March 2020, the ratio decreased to 0.59 by the end of December 2020, indicating that the company generated $0.59 in revenue for every $1 of fixed assets during that period.
From March 2021 to June 2023, the fixed asset turnover gradually improved, reaching a peak of 1.64 by December 31, 2022, suggesting that Chevron was able to generate $1.64 in revenue for every $1 of fixed assets invested. This significant increase indicates a more efficient utilization of fixed assets to generate sales revenue.
However, the ratio then decreased to 1.32 by September 30, 2023, indicating a slight decline in efficiency in utilizing fixed assets for revenue generation. Additionally, the data for the last four quarters of 2024 is not available (indicated by "—"), making it challenging to provide a complete analysis of the trend.
In conclusion, the fixed asset turnover of Chevron Corp has shown both improvements and declines over the analyzed period, with a notable increase in efficiency indicated by the peak ratio of 1.64 in December 2022. Monitoring the trend in subsequent quarters will be crucial to assess the company's ongoing efficiency in utilizing fixed assets for revenue generation.
Peer comparison
Dec 31, 2024