Valaris Ltd (VAL)
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 | 2,362,600 | 2,262,000 | 2,074,000 | 1,879,100 | 1,784,200 | 1,734,000 | 1,716,100 | 1,714,200 | 1,602,500 | 1,474,400 | 1,363,900 | 1,243,700 | 1,232,400 | 1,223,400 | 1,182,000 | 1,277,700 | 1,427,200 | 1,642,800 | 1,908,800 | 2,103,900 |
| Total assets | US$ in thousands | 4,419,800 | 4,333,400 | 4,415,600 | 4,354,400 | 4,322,200 | 3,484,900 | 3,088,400 | 2,951,200 | 2,860,300 | 2,821,200 | 2,760,800 | 2,637,700 | 2,609,200 | 2,602,500 | 2,601,700 | 11,946,900 | 12,873,200 | 12,911,200 | 13,038,900 | 14,025,100 |
| Total asset turnover | 0.53 | 0.52 | 0.47 | 0.43 | 0.41 | 0.50 | 0.56 | 0.58 | 0.56 | 0.52 | 0.49 | 0.47 | 0.47 | 0.47 | 0.45 | 0.11 | 0.11 | 0.13 | 0.15 | 0.15 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,362,600K ÷ $4,419,800K
= 0.53
Total asset turnover for Valaris Ltd has been fluctuating over the years, starting at 0.15 in March 2020 and hovering around that level until December 2020. However, from March 2021 onwards, there is a significant increase in total asset turnover, reaching 0.58 in March 2023. This indicates that the company is generating more revenue relative to its total assets.
Subsequently, there is a slight decrease in total asset turnover in the following quarters, but it remains relatively high compared to the earlier periods. The ratio stabilizes around 0.50 to 0.53 from September 2023 to December 2024, suggesting that the company is effectively utilizing its assets to generate sales.
Overall, the trend in total asset turnover for Valaris Ltd shows improvements in operational efficiency and asset utilization, indicating better management of resources to drive revenue generation.
Peer comparison
Dec 31, 2024