Devon Energy Corporation (DVN)

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	15,940,000	15,682,000	15,494,000	15,031,000	15,258,000	15,412,000	17,008,000	19,180,000	19,169,000	19,143,000	17,177,000	13,968,000	12,206,000	9,213,000	6,814,000	4,791,000	4,828,000	5,137,000	5,816,000	7,228,000
Total assets	US$ in thousands	30,489,000	30,263,000	25,162,000	24,978,000	24,490,000	24,241,000	23,355,000	23,420,000	23,721,000	23,557,000	23,194,000	21,778,000	21,025,000	21,057,000	20,065,000	20,457,000	9,912,000	10,326,000	10,357,000	11,144,000
Total asset turnover		0.52	0.52	0.62	0.60	0.62	0.64	0.73	0.82	0.81	0.81	0.74	0.64	0.58	0.44	0.34	0.23	0.49	0.50	0.56	0.65

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $15,940,000K ÷ $30,489,000K
= 0.52

The total asset turnover for Devon Energy Corporation has shown fluctuating trends over the reporting periods provided. The ratio indicates how efficiently the company generates revenue in relation to its total assets.

From March 31, 2020, to June 30, 2020, there was a decline in total asset turnover, suggesting a decrease in the company's ability to generate revenue from its assets. This trend continued until December 31, 2020, reaching its lowest point at 0.49.

However, from March 31, 2021, there was a significant improvement in total asset turnover, indicating a better utilization of assets to generate revenue. This trend continued to improve steadily until December 31, 2023, reaching its peak at 0.82.

From December 31, 2023, to December 31, 2024, there was a slight decline in total asset turnover, suggesting a potential slowdown in revenue generation efficiency from the company's assets.

Overall, the trend in total asset turnover for Devon Energy Corporation shows both periods of improvement and decline, indicating fluctuations in the company's efficiency in utilizing its assets to generate revenue.