Total Asset Turnover
since 2005
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National Oilwell Varco Inc. pages available for free this week:
- Income Statement
- Statement of Comprehensive Income
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Balance Sheet: Assets
- Analysis of Short-term (Operating) Activity Ratios
- Common Stock Valuation Ratios
- Enterprise Value (EV)
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Price to Operating Profit (P/OP) since 2005
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Calculation
National Oilwell Varco Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenue1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2015 | = | ÷ | |||
| Dec 31, 2014 | = | ÷ | |||
| Dec 31, 2013 | = | ÷ | |||
| Dec 31, 2012 | = | ÷ | |||
| Dec 31, 2011 | = | ÷ | |||
| Dec 31, 2010 | = | ÷ | |||
| Dec 31, 2009 | = | ÷ | |||
| Dec 31, 2008 | = | ÷ | |||
| Dec 31, 2007 | = | ÷ | |||
| Dec 31, 2006 | = | ÷ | |||
| Dec 31, 2005 | = | ÷ |
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
- Revenue Trends
- Revenue showed a consistent upward trajectory from 2005 through 2013, increasing from 4,645 million USD in 2005 to a peak of 22,869 million USD in 2013. However, after 2013, there was a decline in revenue, decreasing to 21,440 million USD in 2014 and further to 14,757 million USD in 2015. This pattern indicates strong growth in the initial years followed by a notable contraction in the last two years reported.
- Total Assets Trends
- Total assets exhibited steady growth from 6,679 million USD in 2005 to a maximum of 34,812 million USD in 2013. Post-2013, total assets slightly declined to 33,562 million USD in 2014 and further to 26,725 million USD in 2015. The asset base more than quadrupled during the period 2005 to 2013, aligning with increased revenue levels, but retrenched afterwards, paralleling the revenue drop.
- Total Asset Turnover Trends
- The total asset turnover ratio indicated an overall decline in asset efficiency over the period analyzed. Starting at 0.7 in 2005, the ratio improved slightly to a peak of 0.81 by 2007, but then experienced a steady decline, dropping to 0.55 by 2015. This suggests that despite increasing assets, the company’s ability to generate revenue from its asset base weakened over time, particularly following 2007.
- Overall Analysis
- The company experienced significant growth in both revenue and total assets up to 2013, reflecting expansion and increased operational scale. However, the declining asset turnover ratio implies diminishing efficiency in asset utilization, which may have contributed to the less favorable revenue and asset figures observed in 2014 and 2015. The concurrent reduction in revenue and total assets after 2013 suggests a possible strategic contraction or response to external market challenges.
Comparison to Competitors
National Oilwell Varco Inc., total asset turnover, long-term trends, comparison to competitors
| National Oilwell Varco Inc. | Schlumberger Ltd. | |
|---|---|---|
| Dec 31, 2015 | ||
| Dec 31, 2014 | ||
| Dec 31, 2013 | ||
| Dec 31, 2012 | ||
| Dec 31, 2011 | ||
| Dec 31, 2010 | ||
| Dec 31, 2009 | ||
| Dec 31, 2008 | ||
| Dec 31, 2007 | ||
| Dec 31, 2006 | ||
| Dec 31, 2005 |
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)
National Oilwell Varco Inc., total asset turnover, long-term trends, comparison to industry (energy)
| National Oilwell Varco Inc. | Energy | |
|---|---|---|
| Dec 31, 2015 | ||
| Dec 31, 2014 | ||
| Dec 31, 2013 | ||
| Dec 31, 2012 | ||
| Dec 31, 2011 | ||
| Dec 31, 2010 | ||
| Dec 31, 2009 | ||
| Dec 31, 2008 | ||
| Dec 31, 2007 | ||
| Dec 31, 2006 | ||
| Dec 31, 2005 |
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).