Devon Energy Corporation (DVN)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 15,940,000 | 15,258,000 | 19,169,000 | 12,206,000 | 4,828,000 |
| Total assets | US$ in thousands | 30,489,000 | 24,490,000 | 23,721,000 | 21,025,000 | 9,912,000 |
| Total asset turnover | 0.52 | 0.62 | 0.81 | 0.58 | 0.49 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $15,940,000K ÷ $30,489,000K
= 0.52
The total asset turnover ratio for Devon Energy Corporation has shown fluctuating trends over the past five years. In December 31, 2020, the ratio stood at 0.49, indicating that the company generated $0.49 in revenue for every dollar of total assets. This figure increased to 0.58 by December 31, 2021, suggesting a slight improvement in asset utilization.
In the following year, by December 31, 2022, the total asset turnover ratio notably rose to 0.81, signaling that Devon Energy Corporation was more efficient in generating revenue from its total assets. However, this high point was not sustained as the ratio dropped to 0.62 by December 31, 2023.
Most recently, as of December 31, 2024, the total asset turnover ratio decreased further to 0.52, reflecting a decline in the company's ability to generate revenue from its total asset base. Overall, the varying performance of Devon Energy Corporation in terms of total asset turnover suggests fluctuations in asset utilization efficiency over the analyzed period.
Peer comparison
Dec 31, 2024