Total Asset Turnover
since 2005
Calculation
Halliburton Co., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenue1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2018 | 0.92 | = | 23,995) | ÷ | 25,982) |
| Dec 31, 2017 | 0.82 | = | 20,620) | ÷ | 25,085) |
| Dec 31, 2016 | 0.59 | = | 15,887) | ÷ | 27,000) |
| Dec 31, 2015 | 0.64 | = | 23,633) | ÷ | 36,942) |
| Dec 31, 2014 | 1.02 | = | 32,870) | ÷ | 32,240) |
| Dec 31, 2013 | 1.01 | = | 29,402) | ÷ | 29,223) |
| Dec 31, 2012 | 1.04 | = | 28,503) | ÷ | 27,410) |
| Dec 31, 2011 | 1.05 | = | 24,829) | ÷ | 23,677) |
| Dec 31, 2010 | 0.98 | = | 17,973) | ÷ | 18,297) |
| Dec 31, 2009 | 0.89 | = | 14,675) | ÷ | 16,538) |
| Dec 31, 2008 | 1.27 | = | 18,279) | ÷ | 14,385) |
| Dec 31, 2007 | 1.16 | = | 15,264) | ÷ | 13,135) |
| Dec 31, 2006 | 1.34 | = | 22,504) | ÷ | 16,820) |
| Dec 31, 2005 | 1.40 | = | 21,007) | ÷ | 15,010) |
Based on: 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
The analysis of total asset turnover from 2005 to 2018 reveals a general long-term decline in asset utilization efficiency, characterized by significant volatility aligned with revenue fluctuations. The ratio began at a peak of 1.40 in 2005 and concluded the period at 0.92 in 2018, indicating that the company generated fewer dollars of revenue per dollar of assets over time.
- Initial Decline and Stabilization (2005–2014)
- A downward trend in asset turnover is observed between 2005 and 2007, falling from 1.40 to 1.16. Following a brief recovery in 2008, the ratio reached a local minimum of 0.89 in 2009. Between 2010 and 2014, asset turnover remained relatively stable, fluctuating within a narrow range between 1.01 and 1.05. This stability was driven by a proportional increase in both revenue and total assets, with revenue peaking at 32,870 million US$ in 2014 alongside total assets of 32,240 million US$.
- Period of Significant Contraction (2015–2016)
- A sharp deterioration in asset efficiency occurred between 2015 and 2016. The total asset turnover ratio dropped precipitously to 0.64 in 2015 and reached a period low of 0.59 in 2016. This decline was primarily caused by a steep reduction in revenue, which fell from 32,870 million US$ in 2014 to 15,887 million US$ in 2016, while the asset base remained comparatively high, peaking at 36,942 million US$ in 2015 before beginning to contract.
- Recovery Phase (2017–2018)
- An upward trajectory in efficiency is observed in the final two years of the analyzed period. The turnover ratio improved to 0.82 in 2017 and further increased to 0.92 by 2018. This recovery was supported by a rebound in revenue, which grew to 23,995 million US$ in 2018, while total assets were managed more tightly, ending the period at 25,982 million US$.
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Comparison to Competitors
Halliburton Co., total asset turnover, long-term trends, comparison to competitors
| Halliburton Co. | SLB N.V. | |
|---|---|---|
| Dec 31, 2018 | 0.92 | 0.47 |
| Dec 31, 2017 | 0.82 | 0.42 |
| Dec 31, 2016 | 0.59 | 0.36 |
| Dec 31, 2015 | 0.64 | 0.52 |
| Dec 31, 2014 | 1.02 | 0.73 |
| Dec 31, 2013 | 1.01 | 0.67 |
| Dec 31, 2012 | 1.04 | 0.68 |
| Dec 31, 2011 | 1.05 | 0.72 |
| Dec 31, 2010 | 0.98 | 0.53 |
| Dec 31, 2009 | 0.89 | 0.68 |
| Dec 31, 2008 | 1.27 | 0.85 |
| Dec 31, 2007 | 1.16 | 0.84 |
| Dec 31, 2006 | 1.34 | 0.84 |
| Dec 31, 2005 | 1.40 | 0.79 |
Based on: 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)
Halliburton Co., total asset turnover, long-term trends, comparison to industry (energy)
| Halliburton Co. | Energy | |
|---|---|---|
| Dec 31, 2018 | 0.92 | 0.69 |
| Dec 31, 2017 | 0.82 | 0.58 |
| Dec 31, 2016 | 0.59 | 0.50 |
| Dec 31, 2015 | 0.64 | 0.59 |
| Dec 31, 2014 | 1.02 | 0.87 |
| Dec 31, 2013 | 1.01 | 0.94 |
| Dec 31, 2012 | 1.04 | 1.05 |
| Dec 31, 2011 | 1.05 | 1.33 |
| Dec 31, 2010 | 0.98 | 1.13 |
| Dec 31, 2009 | 0.89 | 1.10 |
| Dec 31, 2008 | 1.27 | 1.76 |
| Dec 31, 2007 | 1.16 | 1.37 |
| Dec 31, 2006 | 1.34 | 1.43 |
| Dec 31, 2005 | 1.40 | 1.63 |
Based on: 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).