LyondellBasell Industries NV (LYB)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	40,302,000	41,107,000	50,451,000	46,173,000	27,753,000
Property, plant and equipment	US$ in thousands	—	—	17,112,000	16,502,000	14,386,000
Fixed asset turnover		—	—	2.95	2.80	1.93

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $40,302,000K ÷ $—K
= —

The fixed asset turnover ratio for LyondellBasell Industries NV has shown an increasing trend over the past few years. In December 2020, the ratio was 1.93, indicating that the company generated $1.93 in revenue for every dollar invested in fixed assets. By December 2021, the ratio had improved significantly to 2.80, suggesting that the company was able to generate $2.80 in revenue for every dollar of fixed assets.

This positive trend continued into December 2022, with the fixed asset turnover ratio reaching 2.95. This indicates an even more efficient utilization of fixed assets to generate revenue. However, there is missing data for December 2023 and December 2024, which limits a complete analysis of the trend.

Overall, the increasing trend in the fixed asset turnover ratio for LyondellBasell Industries NV is a positive indicator of the company's ability to efficiently generate revenue from its fixed assets. It shows that the company is effectively utilizing its investment in fixed assets to drive sales and potentially improve profitability.