EOG Resources Inc (EOG)

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	23,427,000	23,807,000	24,055,000	23,463,000	23,182,000	23,871,000	25,351,000	27,298,000	25,702,000	25,027,000	22,199,000	18,931,000	18,642,000	15,481,640	13,018,780	10,092,800	9,873,240	11,217,340	13,103,000	16,376,500
Total assets	US$ in thousands	47,186,000	46,151,000	45,224,000	44,796,000	43,857,000	43,647,000	41,487,000	41,025,000	41,371,000	40,487,000	38,139,000	38,097,000	38,236,000	37,172,000	36,885,000	36,171,000	35,804,600	35,074,000	35,221,700	37,634,100
Total asset turnover		0.50	0.52	0.53	0.52	0.53	0.55	0.61	0.67	0.62	0.62	0.58	0.50	0.49	0.42	0.35	0.28	0.28	0.32	0.37	0.44

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $23,427,000K ÷ $47,186,000K
= 0.50

The total asset turnover ratio of EOG Resources Inc has shown a declining trend from March 31, 2020, to December 31, 2021, indicating that the company was less effective in generating revenue from its assets during this period. However, from March 31, 2022, to December 31, 2024, the total asset turnover ratio gradually increased, signifying an improvement in the company's efficiency in utilizing its assets to generate sales. The ratio fluctuated around a range of 0.50 to 0.67 during this latter period, suggesting a relatively stable operational performance in terms of asset utilization. Overall, the increasing trend in the total asset turnover ratio indicates an enhancement in EOG Resources Inc's efficiency in generating sales revenue in relation to its total assets.