NOV Inc. (NOV)
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 | 8,869,000 | 8,899,000 | 8,893,000 | 8,770,000 | 8,578,000 | 8,313,000 | 8,017,000 | 7,651,000 | 7,237,000 | 6,681,000 | 6,133,000 | 5,823,000 | 5,524,000 | 5,334,000 | 5,377,000 | 5,456,000 | 6,090,000 | 7,044,000 | 7,786,000 | 8,422,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 2,388,000 | 2,387,000 | 1,814,000 | 2,298,000 | 2,272,000 | 2,282,000 | 1,806,000 | 2,360,000 | 2,378,000 | 2,423,000 | 1,894,000 | 1,927,000 | 1,994,000 | 2,010,000 | 2,003,000 |
| Fixed asset turnover | — | — | — | — | — | 3.48 | 3.36 | 4.22 | 3.15 | 2.94 | 2.69 | 3.22 | 2.34 | 2.24 | 2.22 | 2.88 | 3.16 | 3.53 | 3.87 | 4.20 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $8,869,000K ÷ $—K
= —
NOV Inc.'s fixed asset turnover ratio has demonstrated some fluctuations over the past few years. Starting from a high of 4.20 in March 2020, the ratio gradually decreased to 2.22 in June 2021, indicating that the company was generating less revenue relative to its investment in fixed assets during that period.
However, there was a notable improvement in the ratio in the following quarters, with a peak of 4.22 in March 2023. This increase suggests that NOV Inc. was able to generate more revenue from its fixed assets compared to the previous periods.
The ratio then saw a slight decrease to 3.36 in June 2023 and remained relatively stable around the 3.0 mark in the subsequent quarters. This stability indicates a consistent level of efficiency in utilizing fixed assets to generate revenue.
It is important to note that there is missing data for the fixed asset turnover ratio from December 2023 onwards, making it difficult to assess the most recent performance of NOV Inc. in terms of utilizing its fixed assets efficiently. Further analysis would be required once this data becomes available to fully understand the trend in fixed asset turnover ratio for the company.
Peer comparison
Dec 31, 2024