Chevron Corp (CVX)
Total 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 |
| Total assets | US$ in thousands | 256,938,000 | 261,632,000 | 257,709,000 | 239,535,000 | 239,790,000 |
| Total asset turnover | 0.79 | 0.75 | 0.96 | 0.65 | 0.39 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $202,792,000K ÷ $256,938,000K
= 0.79
The total asset turnover ratio for Chevron Corp has shown a fluctuating trend over the past five years, ranging from 0.39 in December 31, 2020 to 0.96 in December 31, 2022. This indicates how effectively the company is utilizing its assets to generate revenue.
The significant increase in total asset turnover from 2020 to 2022 suggests improved efficiency in generating sales relative to its asset base. However, there was a decline in 2023 and a slight increase in 2024, indicating some variability in asset utilization during those years.
Overall, Chevron Corp's total asset turnover performance indicates varying levels of efficiency in utilizing its assets for revenue generation, with potential areas for further improvement in asset management strategies to enhance overall operational efficiency.
Peer comparison
Dec 31, 2024