Valero Energy Corporation (VLO)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 129,881,000 | 144,766,000 | 176,383,000 | 113,977,000 | 64,912,000 |
| Property, plant and equipment | US$ in thousands | — | — | 32,092,000 | 32,131,000 | 31,593,000 |
| Fixed asset turnover | — | — | 5.50 | 3.55 | 2.05 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $129,881,000K ÷ $—K
= —
Fixed asset turnover ratio is a financial metric used to evaluate how efficiently a company is utilizing its fixed assets to generate revenue. By analyzing the fixed asset turnover data for Valero Energy Corporation, we observe a consistent improvement in this ratio over the years.
In December 2020, the fixed asset turnover ratio was 2.05, indicating that for every dollar invested in fixed assets, Valero generated $2.05 in revenue. This ratio increased to 3.55 by December 2021, and further improved to 5.50 by December 2022.
However, there is missing data for December 2023 and December 2024, which limits our ability to assess the trend accurately beyond 2022. Overall, the increasing trend in the fixed asset turnover ratio suggests that Valero is becoming more efficient in utilizing its fixed assets to generate revenue, potentially signaling improved operational performance and asset utilization efficiency. Continued monitoring of this ratio will be necessary to assess the company's ongoing efficiency in this aspect.
Peer comparison
Dec 31, 2024