Occidental Petroleum Corporation (OXY)
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 | 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 |
Total assets | US$ in thousands | 85,445,000 | 85,803,000 | 76,216,000 | 74,277,000 | 74,008,000 | 71,827,000 | 71,199,000 | 71,600,000 | 72,609,000 | 72,144,000 | 74,221,000 | 74,222,000 | 75,036,000 | 75,758,000 | 79,937,000 | 79,355,000 | 80,064,000 | 84,434,000 | 89,452,000 | 101,643,000 |
Total asset turnover | 0.31 | 0.32 | 0.36 | 0.36 | 0.38 | 0.41 | 0.44 | 0.50 | 0.50 | 0.50 | 0.45 | 0.39 | 0.35 | 0.29 | 0.24 | 0.21 | 0.22 | 0.23 | 0.24 | 0.22 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $26,725,000K ÷ $85,445,000K
= 0.31
Occidental Petroleum Corporation's total asset turnover has shown fluctuations over the past few years. The ratio increased from 0.22 as of March 31, 2020, to a peak of 0.50 as of December 31, 2022, before slightly declining to 0.31 as of December 31, 2024.
Overall, the company's total asset turnover has generally improved over the period, indicating that Occidental Petroleum is becoming more efficient in utilizing its assets to generate revenue. A higher total asset turnover ratio suggests that the company is generating more sales relative to its asset base, which is a positive sign for investors and indicates strong operational performance.
However, the recent decline in the total asset turnover ratio from the peak in 2022 to 2024 warrants further investigation to understand the factors driving this trend and to ensure sustainable operational efficiencies in the future.
Peer comparison
Dec 31, 2024
See also:
Occidental Petroleum Corporation Total Asset Turnover (Quarterly Data)