Hess Corporation (HES)

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	12,843,000	12,713,000	12,322,000	11,409,000	10,511,000	10,434,000	10,756,000	11,422,000	11,324,000	10,627,000	9,264,000	7,888,000	7,473,000	6,557,000	5,957,000	5,211,000	4,667,000	5,029,000	5,450,000	6,277,000
Total assets	US$ in thousands	26,551,000	26,233,000	25,810,000	24,719,000	24,007,000	23,201,000	22,230,000	21,938,000	21,729,000	21,643,000	21,180,000	19,798,000	20,515,000	19,490,000	19,131,000	18,951,000	18,821,000	18,969,000	19,546,000	20,717,000
Total asset turnover		0.48	0.48	0.48	0.46	0.44	0.45	0.48	0.52	0.52	0.49	0.44	0.40	0.36	0.34	0.31	0.27	0.25	0.27	0.28	0.30

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $12,843,000K ÷ $26,551,000K
= 0.48

The total asset turnover of Hess Corporation has been on an increasing trend from 0.30 in March 31, 2020, to 0.48 in December 31, 2024. This indicates that the company is generating more revenue from its assets over time. A higher total asset turnover ratio suggests that the company is using its assets efficiently to generate sales. Hess Corporation's improved total asset turnover ratio reflects positively on its operational efficiency and ability to generate revenue from its investments in assets.