LyondellBasell Industries NV (LYB)

Total asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	41,107,000	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	34,727,000	35,424,000	36,857,000	38,015,000
Total assets	US$ in thousands	37,000,000	36,875,000	36,683,000	36,255,000	36,365,000	36,491,000	37,024,000	37,854,000	36,742,000	38,662,000	37,259,000	35,746,000	35,403,000	31,949,000	31,541,000	31,100,000	30,435,000	30,114,000	31,171,000	29,889,000
Total asset turnover		1.11	1.12	1.17	1.31	1.39	1.45	1.45	1.33	1.26	1.07	0.95	0.82	0.78	0.88	0.95	1.08	1.14	1.18	1.18	1.27

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $41,107,000K ÷ $37,000,000K
= 1.11

The total asset turnover of LyondellBasell Industries NV has exhibited some fluctuations over the past eight quarters. The ratio peaked at 1.45 in both Q3 and Q2 of 2022, indicating that the company generated $1.45 in revenue for every $1 in total assets during those periods. However, the ratio declined in subsequent quarters, reaching a low of 1.11 in Q4 of 2023.

Overall, the trend shows that the company's efficiency in generating revenue from its total assets has diminished slightly over time since the peak in Q2 2022. This could be a result of various factors such as changes in the company's business operations, market conditions, or asset base. Further analysis is needed to determine the exact reasons behind the fluctuations in total asset turnover ratio.