Phillips 66 (PSX)

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	143,124,000	147,709,000	151,824,000	148,814,000	147,399,000	149,408,000	154,720,000	168,207,000	169,990,000	162,315,000	147,603,000	126,028,000	111,476,000	95,281,000	80,967,000	64,878,000	64,129,000	76,845,000	88,134,000	105,068,000
Total assets	US$ in thousands	72,582,000	75,080,000	75,945,000	76,399,000	75,501,000	77,786,000	74,886,000	77,262,000	76,442,000	77,339,000	62,812,000	60,638,000	55,594,000	56,407,000	56,977,000	55,496,000	54,721,000	54,281,000	54,518,000	53,460,000
Total asset turnover		1.97	1.97	2.00	1.95	1.95	1.92	2.07	2.18	2.22	2.10	2.35	2.08	2.01	1.69	1.42	1.17	1.17	1.42	1.62	1.97

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $143,124,000K ÷ $72,582,000K
= 1.97

The total asset turnover ratio for Phillips 66 has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio started at 1.97 in March 2020, indicating that the company generated $1.97 in revenues for every dollar of assets.

The ratio decreased to 1.17 by December 2020, suggesting a decline in efficiency in utilizing its assets to generate revenue. However, the ratio started to improve and reached a peak of 2.35 in June 2022, indicating an increase in revenue generated per dollar of assets.

Although there were some fluctuations thereafter, the total asset turnover generally remained above 1.5, indicating that Phillips 66 has been efficient in generating revenue relative to its total assets during this period. The ratio stabilized around 2.0 towards the end of the period, indicating a stable performance in utilizing its assets effectively to generate revenue.