LyondellBasell Industries NV (LYB)

Fixed 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	40,368,000	41,496,000	41,799,000	41,564,000	41,803,000	41,384,000	43,009,000	47,541,000	50,451,000	53,075,000	53,525,000	50,248,000	46,173,000	41,280,000	35,356,000	29,341,000	27,753,000	27,995,000	29,941,000	33,443,000
Property, plant and equipment	US$ in thousands	—	—	—	—	—	16,703,000	15,408,000	15,401,000	17,112,000	16,592,000	14,741,000	14,729,000	16,502,000	16,625,000	16,279,000	15,856,000	14,386,000	14,133,000	14,526,000	14,387,000
Fixed asset turnover		—	—	—	—	—	2.48	2.79	3.09	2.95	3.20	3.63	3.41	2.80	2.48	2.17	1.85	1.93	1.98	2.06	2.32

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $40,368,000K ÷ $—K
= —

Fixed asset turnover is a financial ratio that measures how efficiently a company generates revenue from its fixed assets. It is calculated by dividing net sales by average fixed assets.

Analyzing the trend in LyondellBasell Industries NV's fixed asset turnover over the past few years, we see that it has experienced fluctuations. From March 31, 2020, to June 30, 2021, the fixed asset turnover ratio declined steadily from 2.32 to 2.17, indicating a decrease in the efficiency of utilizing fixed assets to generate revenue during this period.

However, starting from September 30, 2021, the ratio began to increase, reaching a peak of 3.63 on June 30, 2022. This significant improvement suggests that the company was able to generate more revenue for each dollar invested in fixed assets during this period.

Subsequently, the ratio fluctuated but generally remained at higher levels, indicating better efficiency in utilizing fixed assets. As of December 31, 2023, the fixed asset turnover ratio stood at 2.95. The data for the following periods is unavailable.

Overall, the trend in LyondellBasell Industries NV's fixed asset turnover ratio suggests fluctuations in the company's ability to generate revenue from its fixed assets efficiently. An increasing trend in the ratio indicates improved asset utilization, which can be a positive sign for investors and stakeholders.