LyondellBasell Industries NV (LYB)

Total 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
Total assets	US$ in thousands	35,746,000	37,263,000	37,064,000	36,624,000	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
Total asset turnover		1.13	1.11	1.13	1.13	1.13	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

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $40,368,000K ÷ $35,746,000K
= 1.13

The total asset turnover ratio of LyondellBasell Industries NV has shown a fluctuating trend over the periods provided. From the financial data, we observe that the company's total asset turnover ratio was relatively stable around 1.0 during the first half of 2020, indicating that the company generated $1.0 in revenue for every $1.0 of total assets.

However, from September 30, 2020, onwards, the total asset turnover ratio declined steadily but started to recover in March 31, 2021. The ratio improved throughout 2021 and continued to increase in 2022, reaching its peak at 1.45 in June 30, 2022, and maintaining this level until September 30, 2022. This suggests that the company became more efficient in generating revenue from its total assets during this period.

Subsequently, from December 31, 2022, to December 31, 2024, the total asset turnover ratio fluctuated between 1.11 and 1.45. Although the ratio slightly dipped in some quarters, it remained above 1.0, indicating that LyondellBasell Industries NV continued to effectively utilize its total assets to generate revenue.

Overall, the total asset turnover ratio trend for LyondellBasell Industries NV indicates that the company has been efficiently using its assets to generate sales revenue, with periods of improvement and stability over the analyzed time frame.