Chevron Corp (CVX)
Total 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 |
| Total assets | US$ in thousands | 256,938,000 | 259,232,000 | 260,644,000 | 261,651,000 | 261,632,000 | 263,927,000 | 251,779,000 | 255,886,000 | 257,709,000 | 259,735,000 | 257,936,000 | 249,048,000 | 239,535,000 | 239,948,000 | 242,806,000 | 241,645,000 | 239,790,000 | 223,063,000 | 223,403,000 | 236,677,000 |
| Total asset turnover | 0.77 | 0.75 | 0.76 | 0.74 | 0.75 | 0.77 | 0.85 | 0.91 | 0.91 | 0.87 | 0.80 | 0.71 | 0.65 | 0.56 | 0.48 | 0.40 | 0.39 | 0.47 | 0.51 | 0.57 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $197,306,000K ÷ $256,938,000K
= 0.77
The total asset turnover of Chevron Corp has shown fluctuating trends over the past few years. The ratio has decreased steadily from 0.57 in March 2020 to a low of 0.39 in December 2020, indicating a declining efficiency in generating revenues relative to its total assets during this period.
However, from March 2021 onwards, the total asset turnover ratio started to improve and showed an upward trend, reaching 0.91 by March 2023. This increase suggests that Chevron Corp became more effective in utilizing its total assets to generate sales during this period.
Despite some fluctuations, the ratio has generally stabilized around 0.75 to 0.77 from December 2023 to December 2024. This may indicate a balance in the company's asset management efficiency and revenue generation capacity during this period.
Overall, Chevron Corp has shown varying levels of efficiency in generating revenue from its total assets over the observed period, with both declining and improving trends.
Peer comparison
Dec 31, 2024