Halliburton Company (HAL)
Total asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 22,410,000 | 23,154,000 | 23,775,000 | 23,992,000 |
| Total assets | US$ in thousands | 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 | 25,377,000 | 26,789,000 | 26,880,000 | 26,989,000 |
| Total asset turnover | 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 | 0.88 | 0.86 | 0.88 | 0.89 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $23,020,000K ÷ $24,683,000K
= 0.93
The total asset turnover ratio measures how efficiently Halliburton Co. generates sales revenue from its total assets. A higher total asset turnover indicates that the company is utilizing its assets more effectively to generate revenue.
Halliburton's total asset turnover has been relatively stable in recent quarters, ranging from 0.92 to 0.94. This suggests that the company consistently generates approximately $0.93 in sales for every dollar of assets it owns. The trend indicates a consistent level of efficiency in utilizing its assets to generate revenue over the past year.
The gradual increase in total asset turnover from Q4 2022 to Q3 2023 indicates a slight improvement in asset utilization efficiency. However, the ratio has not shown significant fluctuations or a clear upward or downward trend, suggesting that Halliburton has maintained a relatively stable level of asset efficiency.
Overall, Halliburton Co. appears to be efficiently utilizing its assets to generate revenue, as indicated by the consistent total asset turnover ratio hovering around 0.93 in the analyzed quarters.
Peer comparison
Dec 31, 2023