Nabors Industries Ltd (NBR)
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 | 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 | 2,867,832 | 2,935,651 | 3,017,736 | 3,064,840 |
| Total assets | US$ in thousands | 5,277,960 | 4,726,850 | 4,463,270 | 4,699,980 | 4,729,850 | 4,768,560 | 4,800,980 | 4,857,170 | 5,525,360 | 5,174,830 | 5,042,320 | 5,254,910 | 5,503,430 | 5,817,310 | 5,982,420 | 6,308,550 | 6,760,660 | 7,273,500 | 7,514,500 | 7,773,680 |
| Total asset turnover | 0.54 | 0.60 | 0.64 | 0.57 | 0.52 | 0.61 | 0.56 | 0.53 | 0.45 | 0.35 | 0.34 | 0.33 | 0.36 | 0.39 | 0.43 | 0.44 | 0.42 | 0.40 | 0.40 | 0.39 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,824,854K ÷ $5,277,960K
= 0.54
Nabors Industries Ltd's total asset turnover ratio has shown some fluctuation over the past eight quarters, ranging from 0.47 to 0.67. The ratio indicates how efficiently the company is generating revenue from its assets. A higher ratio suggests that the company is efficiently using its assets to generate sales.
In Q2 2023, the total asset turnover ratio peaked at 0.67, which indicates that the company generated $0.67 in revenue for every dollar of assets during that period. This suggests that the company was able to effectively utilize its assets to drive revenue.
However, in Q1 2022, the total asset turnover ratio was at its lowest point of 0.44, indicating that the company generated $0.44 in revenue for every dollar of assets during that quarter. This suggests that the company may have faced challenges in efficiently utilizing its assets to generate revenue during that period.
Overall, it is important for Nabors Industries Ltd to consistently monitor and optimize its total asset turnover ratio to ensure that it is effectively utilizing its assets to drive revenue and maximize profitability.
Peer comparison
Dec 31, 2023