Occidental Petroleum Corporation (OXY)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	26,725,000	28,257,000	36,634,000	25,956,000	17,809,000
Property, plant and equipment	US$ in thousands	—	—	59,287,000	60,656,000	66,951,000
Fixed asset turnover		—	—	0.62	0.43	0.27

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $26,725,000K ÷ $—K
= —

The fixed asset turnover ratio measures the efficiency of Occidental Petroleum Corporation in generating revenue from its fixed assets. In 2020, the ratio was 0.27, indicating that the company generated $0.27 in revenue for every dollar invested in fixed assets. Over the following years, there was a positive trend in the ratio, reaching 0.43 in 2021 and further improving to 0.62 in 2022. This suggests that the company became more effective in utilizing its fixed assets to generate revenue during this period. However, the lack of data for 2023 and 2024 makes it challenging to assess the continued performance. A high fixed asset turnover ratio is generally favorable as it signifies efficient asset utilization, but further information is needed to evaluate Occidental Petroleum Corporation's long-term operational efficiency.