Total Asset Turnover
since 2005
Calculation
Apache Corp., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Oil and gas production revenues1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2015 | 0.34 | = | 6,383) | ÷ | 18,842) |
| Dec 31, 2014 | 0.25 | = | 13,749) | ÷ | 55,952) |
| Dec 31, 2013 | 0.27 | = | 16,402) | ÷ | 61,637) |
| Dec 31, 2012 | 0.28 | = | 16,947) | ÷ | 60,737) |
| Dec 31, 2011 | 0.32 | = | 16,810) | ÷ | 52,051) |
| Dec 31, 2010 | 0.28 | = | 12,183) | ÷ | 43,425) |
| Dec 31, 2009 | 0.30 | = | 8,574) | ÷ | 28,186) |
| Dec 31, 2008 | 0.42 | = | 12,328) | ÷ | 29,186) |
| Dec 31, 2007 | 0.35 | = | 9,962) | ÷ | 28,635) |
| Dec 31, 2006 | 0.33 | = | 8,074) | ÷ | 24,308) |
| Dec 31, 2005 | 0.39 | = | 7,457) | ÷ | 19,272) |
Based on: 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
The financial data reveals significant fluctuations in oil and gas production revenues over the analyzed period. Revenues increased steadily from 7,457 million US dollars in 2005 to a peak of 16,810 million US dollars in 2011. After 2011, revenues displayed relative stability through 2013, followed by a marked decline in 2014 and a sharp decrease in 2015, dropping to 6,383 million US dollars.
Total assets exhibited a strong upward trend from 19,272 million US dollars in 2005 to a peak of 61,637 million US dollars in 2013. Thereafter, total assets began to decline, reaching 18,842 million US dollars by 2015. The growth in assets until 2013 suggests expansion or acquisition activities, while the post-2013 reduction may indicate divestitures or asset impairments.
The total asset turnover ratio, which measures the efficiency of asset utilization to generate revenues, shows a gradual decline over time. Beginning at 0.39 in 2005, the ratio decreased to 0.25 by 2014, indicating a diminishing efficiency in using assets to generate revenue. Notably, the ratio improved somewhat to 0.34 in 2015 despite the significant drop in total assets and revenues, which could suggest some recovery in asset utilization efficiency during that year.
Overall, the trends suggest that while the company experienced substantial growth in both revenues and assets up to around 2011-2013, the subsequent years were marked by a contraction phase characterized by declining revenues, shrinking asset base, and fluctuating efficiency in asset use.
Comparison to Competitors
Apache Corp., total asset turnover, long-term trends, comparison to competitors
| Apache Corp. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | Occidental Petroleum Corp. | |
|---|---|---|---|---|---|
| Dec 31, 2015 | 0.34 | 0.49 | 0.30 | 0.77 | 0.29 |
| Dec 31, 2014 | 0.25 | 0.75 | 0.45 | 1.13 | 0.34 |
| Dec 31, 2013 | 0.27 | 0.87 | 0.46 | 1.21 | 0.35 |
| Dec 31, 2012 | 0.28 | 0.99 | 0.49 | 1.36 | 0.38 |
| Dec 31, 2011 | 0.32 | 1.17 | 1.60 | 1.41 | 0.40 |
| Dec 31, 2010 | 0.28 | 1.07 | 1.21 | 1.22 | 0.36 |
| Dec 31, 2009 | 0.30 | 1.02 | 0.98 | 1.29 | 0.35 |
| Dec 31, 2008 | 0.42 | 1.64 | 1.69 | 2.02 | 0.58 |
| Dec 31, 2007 | 0.35 | 1.44 | 1.05 | 1.61 | 0.51 |
| Dec 31, 2006 | 0.33 | 1.54 | 1.11 | 1.67 | 0.55 |
| Dec 31, 2005 | 0.39 | 1.54 | 1.68 | 1.72 | 0.58 |
Based on: 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)
Apache Corp., total asset turnover, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Apache Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2015 | 0.34 | 0.58 |
| Dec 31, 2014 | 0.25 | 0.85 |
| Dec 31, 2013 | 0.27 | 0.91 |
| Dec 31, 2012 | 0.28 | 1.02 |
| Dec 31, 2011 | 0.32 | 1.30 |
| Dec 31, 2010 | 0.28 | 1.12 |
| Dec 31, 2009 | 0.30 | 1.07 |
| Dec 31, 2008 | 0.42 | 1.73 |
| Dec 31, 2007 | 0.35 | 1.34 |
| Dec 31, 2006 | 0.33 | 1.41 |
| Dec 31, 2005 | 0.39 | 1.60 |
Based on: 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)
Apache Corp., total asset turnover, long-term trends, comparison to industry (energy)
| Apache Corp. | Energy | |
|---|---|---|
| Dec 31, 2015 | 0.34 | 0.58 |
| Dec 31, 2014 | 0.25 | 0.84 |
| Dec 31, 2013 | 0.27 | 0.89 |
| Dec 31, 2012 | 0.28 | 1.00 |
| Dec 31, 2011 | 0.32 | 1.26 |
| Dec 31, 2010 | 0.28 | 1.08 |
| Dec 31, 2009 | 0.30 | 1.04 |
| Dec 31, 2008 | 0.42 | 1.68 |
| Dec 31, 2007 | 0.35 | 1.32 |
| Dec 31, 2006 | 0.33 | 1.38 |
| Dec 31, 2005 | 0.39 | 1.57 |
Based on: 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).