Total Asset Turnover
since 2005
Calculation
Anadarko Petroleum Corp., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Sales revenues1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2016 | 0.19 | = | 8,447) | ÷ | 45,564) |
| Dec 31, 2015 | 0.20 | = | 9,486) | ÷ | 46,414) |
| Dec 31, 2014 | 0.27 | = | 16,375) | ÷ | 61,689) |
| Dec 31, 2013 | 0.27 | = | 14,867) | ÷ | 55,781) |
| Dec 31, 2012 | 0.25 | = | 13,307) | ÷ | 52,589) |
| Dec 31, 2011 | 0.27 | = | 13,882) | ÷ | 51,779) |
| Dec 31, 2010 | 0.21 | = | 10,842) | ÷ | 51,559) |
| Dec 31, 2009 | 0.16 | = | 8,210) | ÷ | 50,123) |
| Dec 31, 2008 | 0.30 | = | 14,640) | ÷ | 48,923) |
| Dec 31, 2007 | 0.23 | = | 11,132) | ÷ | 48,481) |
| Dec 31, 2006 | 0.17 | = | 10,099) | ÷ | 58,844) |
| Dec 31, 2005 | 0.31 | = | 7,100) | ÷ | 22,588) |
Based on: 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
An analysis of total asset turnover from 2005 to 2016 reveals significant volatility in asset utilization efficiency. The ratio experienced a sharp initial decline, followed by a period of moderate recovery and stabilization, and concluded with a downward trend in the final two years of the observed period.
- Initial Asset Expansion and Efficiency Drop
- Between 2005 and 2006, total assets increased substantially from 22,588 million US$ to 58,844 million US$. This rapid expansion of the asset base outpaced the growth in sales revenues, causing the total asset turnover ratio to fall from 0.31 to 0.17, the lowest point in the first decade of the analysis.
- Mid-Period Recovery and Stabilization
- From 2007 through 2014, the turnover ratio showed a general trend of recovery, reaching 0.30 in 2008. A notable volatility occurred in 2009, where the ratio dropped to 0.16 in alignment with a contraction in sales revenues to 8,210 million US$. However, from 2011 to 2014, the ratio stabilized, remaining consistent at 0.27, suggesting a period where revenue generation was closely aligned with the scale of the asset base.
- Recent Revenue Contraction and Efficiency Decline
- A significant deterioration in efficiency is observed between 2014 and 2016. Sales revenues declined sharply from a peak of 16,375 million US$ in 2014 to 8,447 million US$ by 2016. Consequently, the total asset turnover ratio decreased from 0.27 to 0.19, indicating a reduced capacity to generate revenue from the company's total assets toward the end of the period.
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Comparison to Competitors
Anadarko Petroleum Corp., total asset turnover, long-term trends, comparison to competitors
| Anadarko Petroleum Corp. | Chevron Corp. | ConocoPhillips | ExxonMobil Holdings Corp. | |
|---|---|---|---|---|
| Dec 31, 2016 | 0.19 | 0.42 | 0.26 | 0.66 |
| Dec 31, 2015 | 0.20 | 0.49 | 0.30 | 0.77 |
| Dec 31, 2014 | 0.27 | 0.75 | 0.45 | 1.13 |
| Dec 31, 2013 | 0.27 | 0.87 | 0.46 | 1.21 |
| Dec 31, 2012 | 0.25 | 0.99 | 0.49 | 1.36 |
| Dec 31, 2011 | 0.27 | 1.17 | 1.60 | 1.41 |
| Dec 31, 2010 | 0.21 | 1.07 | 1.21 | 1.22 |
| Dec 31, 2009 | 0.16 | 1.02 | 0.98 | 1.29 |
| Dec 31, 2008 | 0.30 | 1.64 | 1.69 | 2.02 |
| Dec 31, 2007 | 0.23 | 1.44 | 1.05 | 1.61 |
| Dec 31, 2006 | 0.17 | 1.54 | 1.11 | 1.67 |
| Dec 31, 2005 | 0.31 | 1.54 | 1.68 | 1.72 |
Based on: 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Oil, Gas & Consumable Fuels)
Anadarko Petroleum Corp., total asset turnover, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Anadarko Petroleum Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2016 | 0.19 | 0.52 |
| Dec 31, 2015 | 0.20 | 0.60 |
| Dec 31, 2014 | 0.27 | 0.88 |
| Dec 31, 2013 | 0.27 | 0.97 |
| Dec 31, 2012 | 0.25 | 1.08 |
| Dec 31, 2011 | 0.27 | 1.38 |
| Dec 31, 2010 | 0.21 | 1.18 |
| Dec 31, 2009 | 0.16 | 1.12 |
| Dec 31, 2008 | 0.30 | 1.81 |
| Dec 31, 2007 | 0.23 | 1.39 |
| Dec 31, 2006 | 0.17 | 1.46 |
| Dec 31, 2005 | 0.31 | 1.66 |
Based on: 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Energy)
Anadarko Petroleum Corp., total asset turnover, long-term trends, comparison to industry (energy)
| Anadarko Petroleum Corp. | Energy | |
|---|---|---|
| Dec 31, 2016 | 0.19 | 0.50 |
| Dec 31, 2015 | 0.20 | 0.59 |
| Dec 31, 2014 | 0.27 | 0.87 |
| Dec 31, 2013 | 0.27 | 0.94 |
| Dec 31, 2012 | 0.25 | 1.05 |
| Dec 31, 2011 | 0.27 | 1.33 |
| Dec 31, 2010 | 0.21 | 1.13 |
| Dec 31, 2009 | 0.16 | 1.10 |
| Dec 31, 2008 | 0.30 | 1.76 |
| Dec 31, 2007 | 0.23 | 1.37 |
| Dec 31, 2006 | 0.17 | 1.43 |
| Dec 31, 2005 | 0.31 | 1.63 |
Based on: 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).