Nabors Industries Ltd (NBR)
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 | 2,827,277 | 2,775,554 | 2,732,938 | 2,733,763 | 2,824,854 | 2,824,158 | 2,835,559 | 2,686,524 | 2,442,417 | 2,896,069 | 2,695,320 | 2,563,727 | 2,469,769 | 1,795,405 | 1,690,978 | 1,723,505 | 1,980,035 | 2,250,900 | 2,571,586 | 2,806,404 |
| Property, plant and equipment | US$ in thousands | 2,830,960 | 2,766,410 | 2,813,150 | 2,841,290 | 2,898,730 | 2,945,960 | 2,963,900 | 2,976,830 | 3,026,100 | 3,100,290 | 3,186,850 | 3,245,570 | 3,348,500 | 3,443,740 | 3,562,350 | 3,829,220 | 3,985,710 | 4,225,030 | 4,395,720 | 4,597,310 |
| Fixed asset turnover | 1.00 | 1.00 | 0.97 | 0.96 | 0.97 | 0.96 | 0.96 | 0.90 | 0.81 | 0.93 | 0.85 | 0.79 | 0.74 | 0.52 | 0.47 | 0.45 | 0.50 | 0.53 | 0.59 | 0.61 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,827,277K ÷ $2,830,960K
= 1.00
The fixed asset turnover ratio of Nabors Industries Ltd has shown a fluctuating trend over the years, starting at 0.61 as of March 31, 2020, and reaching 1.00 by December 31, 2024. This ratio indicates how efficiently the company is generating revenue from its fixed assets.
A decreasing trend in fixed asset turnover could suggest inefficiencies in asset utilization or potential overinvestment in fixed assets. Conversely, an increasing trend in the ratio typically indicates improved efficiency in asset management.
It is important to note that a fixed asset turnover ratio of 1.00 by the end of 2024 implies that the company is generating revenue equal to the value of its fixed assets. This may indicate optimal utilization of fixed assets to generate sales.
Overall, the increasing trend in Nabors Industries Ltd's fixed asset turnover ratio suggests improved efficiency in utilizing its fixed assets to generate revenue, positively impacting the company's operational performance over the analyzed period.
Peer comparison
Dec 31, 2024