Valero Energy Corporation (VLO)
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 | 129,810,000 | 134,468,000 | 140,020,000 | 140,066,000 | 144,766,000 | 151,098,000 | 157,148,000 | 174,280,000 | 176,383,000 | 170,540,000 | 155,606,000 | 131,713,000 | 113,977,000 | 94,678,000 | 80,967,000 | 63,616,000 | 64,912,000 | 76,187,000 | 87,627,000 | 106,163,000 |
| Total assets | US$ in thousands | 60,143,000 | 60,382,000 | 63,615,000 | 62,574,000 | 64,483,000 | 63,175,000 | 60,667,000 | 60,177,000 | 60,982,000 | 59,329,000 | 64,345,000 | 60,402,000 | 57,888,000 | 54,691,000 | 55,456,000 | 53,614,000 | 51,774,000 | 51,732,000 | 49,099,000 | 47,747,000 |
| Total asset turnover | 2.16 | 2.23 | 2.20 | 2.24 | 2.25 | 2.39 | 2.59 | 2.90 | 2.89 | 2.87 | 2.42 | 2.18 | 1.97 | 1.73 | 1.46 | 1.19 | 1.25 | 1.47 | 1.78 | 2.22 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $129,810,000K ÷ $60,143,000K
= 2.16
Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its total assets. A higher total asset turnover ratio indicates that the company is generating more revenue per dollar of assets.
Based on the data provided for Valero Energy Corporation, we can see that the total asset turnover ratio has fluctuated over the reported periods. The ratio started at 2.22 in March 2020 and experienced a decline, reaching a low of 1.19 in March 2021. Subsequently, there was an improvement in the ratio, with values increasing to 2.89 by December 2022.
Overall, the trend in Valero Energy Corporation's total asset turnover ratio shows variability but generally demonstrates an increasing pattern over the years. This suggests that the company has been more efficient in utilizing its assets to generate revenue. It is important for investors and analysts to monitor this ratio to assess the company's operational efficiency and asset management performance.
Peer comparison
Dec 31, 2024
See also:
Valero Energy Corporation Total Asset Turnover (Quarterly Data)