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.