Occidental Petroleum Corporation (OXY)

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	26,725,000	27,137,000	27,122,000	27,007,000	28,257,000	29,304,000	31,536,000	35,510,000	36,634,000	36,328,000	33,730,000	29,012,000	25,956,000	22,203,000	19,519,000	16,489,000	17,606,000	19,728,000	21,307,000	22,799,000
Property, plant and equipment	US$ in thousands	—	—	—	—	—	59,124,000	59,168,000	58,169,000	59,287,000	59,096,000	59,294,000	59,918,000	60,656,000	60,644,000	62,706,000	64,073,000	66,951,000	68,421,000	72,604,000	79,073,000
Fixed asset turnover		—	—	—	—	—	0.50	0.53	0.61	0.62	0.61	0.57	0.48	0.43	0.37	0.31	0.26	0.26	0.29	0.29	0.29

December 31, 2024 calculation

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

Occidental Petroleum Corporation's fixed asset turnover ratio has varied over the past few years, indicating fluctuations in the efficiency of utilizing its fixed assets to generate sales.

The fixed asset turnover ratio was consistently low at around 0.29 throughout the first three quarters of 2020 and decreased slightly to 0.26 by December 31, 2020. This suggests that the company was generating $0.26 in sales for every dollar invested in fixed assets.

Starting from March 31, 2021, the fixed asset turnover ratio began to improve, reaching 0.61 by March 31, 2023. This indicates a significant enhancement in efficiency, with the company generating sales of $0.61 for every dollar of fixed assets invested.

However, in the subsequent quarters, the fixed asset turnover ratio fluctuated, reaching its peak at 0.62 by December 31, 2022, before declining to 0.50 by September 30, 2023.

As of December 31, 2023, the fixed asset turnover ratio was not provided, and no data was available for the quarters of 2024.

Overall, the trend shows that there have been improvements in the utilization of fixed assets to generate sales, although there have been fluctuations in efficiency over the years. Ongoing monitoring of this ratio will be essential to assess the company's operational effectiveness in utilizing its fixed assets.