Halliburton Company (HAL)

Fixed 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	22,947,000	23,075,000	23,182,000	23,147,000	23,020,000	22,864,000	22,417,000	21,693,000	20,258,000	18,954,000	17,457,000	16,090,000	15,299,000	14,259,000	13,374,000	12,863,000	14,281,000	16,232,000	18,808,000	21,542,000
Property, plant and equipment	US$ in thousands	5,113,000	4,945,000	5,073,000	4,973,000	4,900,000	4,733,000	4,483,000	4,399,000	4,348,000	4,203,000	4,165,000	4,270,000	4,326,000	4,235,000	4,214,000	4,231,000	4,325,000	5,033,000	5,156,000	6,223,000
Fixed asset turnover		4.49	4.67	4.57	4.65	4.70	4.83	5.00	4.93	4.66	4.51	4.19	3.77	3.54	3.37	3.17	3.04	3.30	3.23	3.65	3.46

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $22,947,000K ÷ $5,113,000K
= 4.49

The fixed asset turnover ratio for Halliburton Company has shown a generally increasing trend from March 31, 2020, to December 31, 2024. This ratio measures the efficiency with which the company generates revenue from its investment in fixed assets.

The ratio increased from 3.46 on March 31, 2020, to a peak of 5.00 on June 30, 2023, indicating that Halliburton was able to generate more sales from its fixed assets during this period. However, the ratio started to decline after June 30, 2023, and fluctuated around the 4.50 level, suggesting a possible slowdown in revenue generation relative to the investment in fixed assets.

Overall, the upward trend in the fixed asset turnover ratio signifies improved asset utilization and operational efficiency for Halliburton Company during the period under review. However, the recent fluctuations may require further investigation to determine any underlying factors impacting the company's ability to generate revenue from its fixed asset base.