EOG Resources Inc (EOG)

Total asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	23,378,000	23,273,000	29,492,000	19,669,000	9,873,240
Total assets	US$ in thousands	47,186,000	43,857,000	41,371,000	38,236,000	35,804,600
Total asset turnover		0.50	0.53	0.71	0.51	0.28

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $23,378,000K ÷ $47,186,000K
= 0.50

The total asset turnover ratio for EOG Resources Inc has shown a fluctuating trend over the past five years, indicating the efficiency of the company in generating sales revenue in relation to its total assets.

In December 2020, the total asset turnover stood at 0.28, reflecting that for every dollar of total assets, the company generated $0.28 in sales revenue.

By December 2021, the ratio improved significantly to 0.51, suggesting an enhancement in asset utilization efficiency, as the company generated $0.51 in sales for each dollar of total assets.

During December 2022, the total asset turnover ratio further increased to 0.71, indicating a more effective utilization of assets to generate sales revenue. This implies that the company generated $0.71 in sales for every dollar invested in total assets.

However, in December 2023, the ratio experienced a slight decline to 0.53, which may indicate a dip in asset utilization efficiency, although the company still managed to generate $0.53 in sales for each dollar of total assets.

By December 2024, the total asset turnover ratio remained relatively stable at 0.50, suggesting a continued level of efficiency in utilizing assets to generate sales revenue.

Overall, the trend in EOG Resources Inc's total asset turnover ratio indicates fluctuations in asset utilization efficiency over the years, with an evident improvement from 2020 to 2022, followed by some fluctuations in the subsequent years.