Halliburton Company (HAL)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 22,947,000 | 23,020,000 | 20,258,000 | 15,299,000 | 14,281,000 |
| Total assets | US$ in thousands | 25,587,000 | 24,683,000 | 23,255,000 | 22,321,000 | 20,680,000 |
| Total asset turnover | 0.90 | 0.93 | 0.87 | 0.69 | 0.69 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $22,947,000K ÷ $25,587,000K
= 0.90
Halliburton Company's total asset turnover has shown a consistent trend over the years, with a value of 0.69 in both December 31, 2020, and December 31, 2021. The ratio then increased to 0.87 by December 31, 2022, indicating an improvement in efficiency in generating sales from its assets. Furthermore, by December 31, 2023, the total asset turnover ratio increased to 0.93, signaling a continued uptrend in asset utilization efficiency. However, by December 31, 2024, the ratio slightly decreased to 0.90, which may suggest a potential decrease in the company's asset utilization efficiency compared to the previous year. Overall, Halliburton Company has shown a positive overall trend in its total asset turnover ratio, indicating an improvement in effectively generating revenue from its total assets over the analyzed period.
Peer comparison
Dec 31, 2024