Halliburton Company (HAL)

Fixed asset turnover

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Revenue US$ in thousands 23,020,000 20,258,000 15,299,000 14,281,000 22,413,000
Property, plant and equipment US$ in thousands 4,900,000 4,348,000 4,326,000 4,325,000 7,310,000
Fixed asset turnover 4.70 4.66 3.54 3.30 3.07

December 31, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $23,020,000K ÷ $4,900,000K
= 4.70

Fixed asset turnover is a financial ratio that measures a company's ability to generate revenue from its investment in fixed assets. Halliburton Co.'s fixed asset turnover has shown a generally increasing trend over the past five years, indicating improved efficiency in utilizing its fixed assets to generate revenue. In 2023, the fixed asset turnover ratio reached 4.70, the highest in the provided period, suggesting that the company generated $4.70 in revenue for every dollar invested in fixed assets. This suggests greater operational efficiency and effectiveness in utilizing its fixed assets to drive sales. Overall, the increasing trend in fixed asset turnover reflects positively on Halliburton Co.'s management of its fixed asset base to generate revenue.


Peer comparison

Dec 31, 2023


See also:

Halliburton Company Net Fixed Asset Turnover