Nabors Industries Ltd (NBR)
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 | 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 |
| Total assets | US$ in thousands | 4,504,300 | 4,553,640 | 4,615,690 | 4,644,970 | 5,277,960 | 4,726,850 | 4,463,270 | 5,277,960 | 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 |
| Total asset turnover | 0.63 | 0.61 | 0.59 | 0.59 | 0.54 | 0.60 | 0.64 | 0.51 | 0.52 | 0.61 | 0.56 | 0.53 | 0.45 | 0.35 | 0.34 | 0.33 | 0.36 | 0.39 | 0.43 | 0.44 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,827,277K ÷ $4,504,300K
= 0.63
Total asset turnover is a financial ratio that indicates the efficiency with which a company is utilizing its assets to generate revenue.
In the case of Nabors Industries Ltd, the total asset turnover has fluctuated over the past few years. From March 31, 2020, where it stood at 0.44, the ratio decreased to 0.36 by December 31, 2020, indicating a decline in the company's ability to generate revenue from its assets.
However, the trend reversed in the subsequent periods, with the total asset turnover gradually increasing to reach a peak of 0.64 by June 30, 2023. This improvement suggests that Nabors Industries Ltd became more efficient in using its assets to generate higher revenue during this period.
By the end of December 31, 2024, the total asset turnover had slightly decreased to 0.63, still reflecting a relatively strong performance in asset utilization compared to the earlier periods.
Overall, the fluctuation in the total asset turnover of Nabors Industries Ltd indicates varying levels of efficiency in utilizing assets to generate revenue over the analyzed period.
Peer comparison
Dec 31, 2024