Halliburton Company (HAL)

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	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
Total assets	US$ in thousands	25,587,000	25,331,000	25,152,000	24,654,000	24,683,000	24,442,000	24,073,000	23,619,000	23,255,000	22,563,000	22,445,000	22,073,000	22,321,000	21,025,000	20,917,000	20,575,000	20,680,000	20,874,000	21,104,000	23,622,000
Total asset turnover		0.90	0.91	0.92	0.94	0.93	0.94	0.93	0.92	0.87	0.84	0.78	0.73	0.69	0.68	0.64	0.63	0.69	0.78	0.89	0.91

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $22,947,000K ÷ $25,587,000K
= 0.90

Halliburton Company's total asset turnover has shown fluctuations over the observed periods from March 31, 2020, to December 31, 2024. The total asset turnover has ranged from a low of 0.63 in March 31, 2021, to a high of 0.94 in March 31, 2023, and has generally shown an upward trend since then. This ratio indicates how efficiently the company is generating revenues relative to its total assets. A higher total asset turnover suggests that the company is utilizing its assets more effectively to generate revenue.

Overall, the increasing trend in total asset turnover from 0.63 in March 31, 2021, to 0.90 in December 31, 2024, is a positive indication. However, it is essential to monitor this ratio further to ensure consistent operational efficiency and effective utilization of assets to drive revenue growth for Halliburton Company.