Weatherford International PLC (WFRD)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,505,000 | 5,023,000 | 4,331,000 | 3,645,000 | 3,685,000 |
| Total assets | US$ in thousands | 5,159,000 | 5,068,000 | 4,720,000 | 4,774,000 | 5,434,000 |
| Total asset turnover | 1.07 | 0.99 | 0.92 | 0.76 | 0.68 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,505,000K ÷ $5,159,000K
= 1.07
The total asset turnover ratio for Weatherford International PLC has shown a positive trend over the past five years, increasing from 0.68 in December 31, 2020, to 1.07 by December 31, 2024. This indicates that the company is generating more revenue relative to its total assets, which suggests improved efficiency in asset utilization. The consistent upward trend in the total asset turnover ratio reflects a strengthening ability of Weatherford International PLC to generate sales from its asset base. This could be attributed to various factors such as improved operational efficiency, better inventory management, or effective asset utilization strategies. Overall, the increasing trend in the total asset turnover ratio signifies a positive performance and effective utilization of assets by Weatherford International PLC.
Peer comparison
Dec 31, 2024