LyondellBasell Industries NV (LYB)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 41,107,000 | 50,451,000 | 46,173,000 | 27,753,000 | 34,727,000 |
| Total assets | US$ in thousands | 37,000,000 | 36,365,000 | 36,742,000 | 35,403,000 | 30,435,000 |
| Total asset turnover | 1.11 | 1.39 | 1.26 | 0.78 | 1.14 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $41,107,000K ÷ $37,000,000K
= 1.11
The total asset turnover ratio for LyondellBasell Industries NV has fluctuated over the past five years. In 2023, the ratio was 1.11, indicating that the company generated $1.11 in revenue for every $1 of assets. This represents a decrease from the previous year's ratio of 1.39, suggesting a decline in efficiency in converting assets into sales.
Compared to 2021 and 2019, where the ratios were 1.26 and 1.14 respectively, the 2023 ratio is lower, indicating a potential decrease in asset utilization efficiency. However, when compared to 2020, where the ratio was 0.78, the 2023 figure represents an improvement.
Overall, the total asset turnover ratio for LyondellBasell Industries NV has shown variability in recent years, and further analysis is needed to understand the underlying reasons for these fluctuations.
Peer comparison
Dec 31, 2023