Stock Analysis on Net

ConocoPhillips (NYSE:COP)

$24.99

Total Asset Turnover
since 2005

Microsoft Excel

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Calculation

ConocoPhillips, total asset turnover, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 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


Sales and Other Operating Revenues
Sales revenues exhibit considerable volatility over the examined period. From 2005 to 2007, revenues showed a moderate upward trend, peaking in 2008. Subsequently, a sharp decline occurred in 2009, followed by a recovery phase until 2011 with 2011 figures surpassing previous highs. However, from 2012 onwards, revenues declined significantly, reaching notably low points between 2014 and 2016. A gradual recovery is observable starting in 2017, with revenues increasing until 2019, then falling again through 2020. A strong rebound occurred in 2021 and 2022, followed by a decline in the most recent periods of 2023 and 2024.
Total Assets
Total assets increased substantially from 2005 through 2007, reaching a peak in 2007, followed by a moderate decrease by 2008. The asset base remained relatively stable through 2011 but began declining steadily from 2012, hitting lower levels between 2015 and 2018. Thereafter, assets slightly stabilized but remained suppressed until 2020, after which a rebound is evident with increasing asset levels through 2024, surpassing some earlier years' values.
Total Asset Turnover
The total asset turnover ratio demonstrates significant fluctuations, reflecting variations in asset efficiency. High efficiency is observed in 2005 and 2008, followed by a general decline peaking with very low ratios from 2013 to 2016, suggesting declining sales efficiency relative to asset base during these years. A gradual improvement in asset turnover is noted from 2017 onward, though values remain below early period levels, indicating moderate recovery in asset utilization capacity.
Overall Analysis
The financial data reveals a cyclical pattern with periods of strong growth countered by significant contractions. Asset growth trends and sales revenues are not always aligned, evidenced by fluctuating asset turnover ratios. The low turnover ratios during the mid-2010s indicate inefficiencies or underutilization of the asset base during that time. Recent years show partial recovery in both asset values and turnover ratios, though revenue fluctuations continue to reflect a volatile operating environment. The combination of asset trends and turnover suggests periods of capital restructuring or market challenges impacting operational efficiency and revenue generation.

Comparison to Competitors

ConocoPhillips, total asset turnover, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 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)

ConocoPhillips, total asset turnover, long-term trends, comparison to sector (oil, gas & consumable fuels)

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 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)