Valero Energy Corporation (VLO)
Total 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 |
| Total assets | US$ in thousands | 60,143,000 | 63,056,000 | 60,982,000 | 57,888,000 | 51,774,000 |
| Total asset turnover | 2.16 | 2.30 | 2.89 | 1.97 | 1.25 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $129,881,000K ÷ $60,143,000K
= 2.16
Total asset turnover is a financial ratio that measures a company's efficiency in generating revenue from its assets. In the case of Valero Energy Corporation, we can see a positive trend in total asset turnover over the years.
As of December 31, 2020, Valero had a total asset turnover of 1.25, indicating that the company generated $1.25 in revenue for every $1 of assets it had. This ratio increased significantly to 1.97 by December 31, 2021, suggesting improved efficiency in utilizing its assets to generate revenue.
The trend continued to improve through December 31, 2022, with a total asset turnover of 2.89, showcasing Valero's ability to generate $2.89 in revenue for every $1 of assets. However, by December 31, 2023, the ratio decreased slightly to 2.30, which may indicate a minor decline in asset efficiency.
By the end of December 31, 2024, the total asset turnover for Valero stood at 2.16. While lower than the peak in 2022, this figure still demonstrates strong asset efficiency in revenue generation compared to the earlier years.
Overall, Valero Energy Corporation has shown a generally positive trend in total asset turnover over the years, indicating improved efficiency in utilizing its assets to generate revenue.
Peer comparison
Dec 31, 2024