Weatherford International PLC (WFRD)
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 | 5,505,000 | 5,422,000 | 5,326,000 | 5,195,000 | 5,023,000 | 4,982,000 | 4,789,000 | 4,579,000 | 4,331,000 | 4,087,000 | 3,912,000 | 3,751,000 | 3,645,000 | 2,718,000 | 3,357,000 | 4,096,000 | 4,479,000 | 5,656,000 | 5,386,000 | 5,053,000 |
| Total assets | US$ in thousands | 5,159,000 | 5,188,000 | 5,111,000 | 5,090,000 | 5,068,000 | 4,895,000 | 4,648,000 | 4,709,000 | 4,720,000 | 4,707,000 | 4,735,000 | 4,684,000 | 4,774,000 | 5,148,000 | 5,160,000 | 5,295,000 | 5,434,000 | 5,664,000 | 5,409,000 | 6,165,000 |
| Total asset turnover | 1.07 | 1.05 | 1.04 | 1.02 | 0.99 | 1.02 | 1.03 | 0.97 | 0.92 | 0.87 | 0.83 | 0.80 | 0.76 | 0.53 | 0.65 | 0.77 | 0.82 | 1.00 | 1.00 | 0.82 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,505,000K ÷ $5,159,000K
= 1.07
The total asset turnover ratio measures the efficiency of a company in generating revenue from its assets. A higher total asset turnover ratio indicates that the company is effectively utilizing its assets to generate sales.
Based on the provided data for Weatherford International PLC, we can observe fluctuations in the total asset turnover ratio over the quarters from March 31, 2020, to December 31, 2024. The total asset turnover ratio ranged from a low of 0.53 on September 30, 2021, to a high of 1.07 on December 31, 2024.
During the period, there are noticeable trends in the total asset turnover ratio. Initially starting at 0.82 on March 31, 2020, the ratio increased to 1.00 by June 30, 2020, and maintained a level around 1.00 until the end of December 31, 2020. However, there was a decline in the ratio in the following quarters, reaching a low of 0.53 on September 30, 2021.
From September 30, 2021, the total asset turnover ratio displayed a gradual recovery, with fluctuations but increasing overall. By the end of December 31, 2024, the ratio had improved to 1.07, indicating that the company was generating more revenue per dollar of assets compared to the previous quarters.
Overall, the trend in Weatherford International PLC's total asset turnover ratio shows variations over time but demonstrates an improvement in asset utilization efficiency in the latter quarters of the analyzed period. It suggests that the company has been successful in generating more revenue relative to its assets, which is a positive sign of operational efficiency.
Peer comparison
Dec 31, 2024