Hess Corporation (HES)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 13,018,000 | 10,511,000 | 11,324,000 | 7,473,000 | 4,667,000 |
| Total assets | US$ in thousands | 26,551,000 | 24,007,000 | 21,729,000 | 20,515,000 | 18,821,000 |
| Total asset turnover | 0.49 | 0.44 | 0.52 | 0.36 | 0.25 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $13,018,000K ÷ $26,551,000K
= 0.49
The total asset turnover ratio for Hess Corporation has shown an increasing trend over the past five years, with values of 0.25 as of December 31, 2020, gradually rising to 0.49 as of December 31, 2024. This indicates the company's ability to generate sales revenue relative to its total assets has improved over time. However, it is important to note that the ratio fluctuated during this period, reaching a peak of 0.52 on December 31, 2022, before slightly decreasing in the subsequent years. Overall, the increasing trend suggests that the company has been more efficient in utilizing its assets to generate sales, which may be a positive signal for investors and stakeholders.
Peer comparison
Dec 31, 2024