LyondellBasell Industries NV (LYB)
Total 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 |
| Total assets | US$ in thousands | 35,746,000 | 37,000,000 | 36,365,000 | 36,742,000 | 35,403,000 |
| Total asset turnover | 1.13 | 1.11 | 1.39 | 1.26 | 0.78 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $40,302,000K ÷ $35,746,000K
= 1.13
The total asset turnover ratio for LyondellBasell Industries NV has shown a fluctuating trend over the past five years.
In December 31, 2020, the total asset turnover was 0.78, indicating that the company generated $0.78 in revenue for every dollar of assets it owned. However, there was a significant improvement in efficiency in the subsequent years. By December 31, 2021, the total asset turnover ratio increased to 1.26, showing that the company generated $1.26 in revenue for each dollar of assets.
This positive trend continued into December 31, 2022, where the total asset turnover ratio further improved to 1.39, indicating that the company efficiently generated $1.39 in revenue for every dollar of assets. However, there was a slight dip in performance by December 31, 2023, with the total asset turnover ratio decreasing to 1.11.
By December 31, 2024, the total asset turnover ratio slightly recovered to 1.13, suggesting that the company was still generating $1.13 in revenue for every dollar of assets. Overall, the fluctuating trend in total asset turnover ratios over the years indicates varying levels of efficiency in utilizing assets to generate revenue.
Peer comparison
Dec 31, 2024