Analysis of Geographic Areas
National Oilwell Varco Inc. operates in 7 regions: United States; South Korea; Singapore; United Kingdom; Brazil; Canada; and Other Countries.
Paying user area
Try for free
National Oilwell Varco Inc. pages available for free this week:
- Income Statement
- Common-Size Income Statement
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Reportable Segments
- Enterprise Value (EV)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Equity (ROE) since 2005
- Debt to Equity since 2005
- Analysis of Debt
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to National Oilwell Varco Inc. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Area Asset Turnover
National Oilwell Varco Inc., asset turnover by geographic area
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
|---|---|---|---|---|---|
| United States | |||||
| South Korea | |||||
| Singapore | |||||
| United Kingdom | |||||
| Brazil | |||||
| Canada | |||||
| Other Countries |
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).
The annual geographic area asset turnover data reveals varying trends across different regions over the five-year period ending December 31, 2015. The analysis focuses on the changes in asset turnover ratios, which indicate how efficiently assets are used to generate sales in each geographic area.
- United States
- The asset turnover ratio shows a declining trend, starting at 3.65 in 2011, peaking in 2012 at 5.17, and then consistently decreasing through 2015, reaching a low of 2.1. This suggests a gradually reduced efficiency in asset utilization in this region after 2012.
- South Korea
- This region exhibits relatively high asset turnover ratios throughout the period. The ratio increased from 23.27 in 2011 to a peak of 30.73 in 2014, followed by a significant drop to 17.99 in 2015. The sharp decline in the final year indicates a notable decrease in asset efficiency despite previously strong performance.
- Singapore
- Singapore’s asset turnover improved markedly from 8.38 in 2011 to 19.68 in 2013, demonstrating a period of rapidly increasing efficiency. However, the ratio decreased to around 13.3 in 2014 and remained nearly stable at 13.27 in 2015, reflecting a partial retracement but sustained improved performance compared to the initial years.
- United Kingdom
- The UK region shows relatively stable asset turnover ratios, fluctuating close to the 3.5 to 3.9 range over the period. There is a minor decline from 3.55 in 2011 to 3.02 in 2012, followed by gradual increases, reaching 3.89 in 2015. The consistency suggests steady asset utilization without dramatic changes.
- Brazil
- Brazil demonstrates variability with a slight downward trend overall. Starting at 4.32 in 2011, the ratio decreased to 3.1 in 2012, continued dropping to 3 in 2013, then rose to 4.48 in 2014, before decreasing sharply again to 2.68 in 2015. This volatility reflects inconsistent asset turnover efficiency in the region.
- Canada
- Canada’s asset turnover ratio increased from 8.08 in 2011 to a peak of 11.37 in 2013, but then declined notably to 6.52 in 2014 and further to 4.68 in 2015. After strong performance in the first three years, efficiency dipped considerably in the latter period.
- Other Countries
- The ratio for Other Countries shows some fluctuation but remains within a moderate range. Starting at 10.29 in 2011, it decreased to 7.72 in 2012, then gradually increased to 10.61 in 2014 before decreasing again to 8.95 in 2015. This pattern suggests moderate stability with some periodic changes in asset utilization efficiency.
Area Asset Turnover: United States
National Oilwell Varco Inc.; United States; area asset turnover calculation
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Consolidated revenues | |||||
| Long-lived assets | |||||
| Area Activity Ratio | |||||
| Area asset turnover1 | |||||
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).
1 2015 Calculation
Area asset turnover = Consolidated revenues ÷ Long-lived assets
= ÷ =
- Consolidated Revenues
- The consolidated revenues experienced a significant increase from 2011 to 2012, rising from 5449 million USD to 8297 million USD. However, this upward trend did not sustain, as revenues declined to 8003 million USD in 2013, followed by a sharper decrease to 6097 million USD in 2014, and a continued decline to 3640 million USD by the end of 2015. This pattern indicates initial growth followed by a consistent reduction in revenues over the latter years.
- Long-lived Assets
- Long-lived assets showed a steady increase from 1493 million USD in 2011 to 1830 million USD in 2013. After reaching this peak, there was a slight decline to 1818 million USD in 2014, followed by a further small decrease to 1735 million USD in 2015. Overall, the asset base expanded gradually until 2013, then experienced moderate reductions in the subsequent two years.
- Area Asset Turnover
- The area asset turnover ratio, which measures the efficiency of asset use in generating revenues, increased markedly from 3.65 in 2011 to a high of 5.17 in 2012. After this peak, the ratio declined consistently each year, falling to 4.37 in 2013, then 3.35 in 2014, and reaching 2.1 by 2015. This trend suggests that asset utilization efficiency improved initially but deteriorated substantially thereafter, corresponding with the decreasing revenue levels.
- Summary
- The data reveals an initial period of growth in revenues and asset utilization efficiency through 2012, followed by a multi-year decline in both revenues and asset turnover. While long-lived assets increased until 2013 and then slightly decreased, the sharper declines in revenue and turnover indicate challenges in maintaining revenue generation relative to asset levels from 2013 onward. The overall pattern suggests that the company faced operational or market difficulties post-2012, resulting in lower revenue performance and reduced efficiency in asset use within the United States geographic segment.
Area Asset Turnover: South Korea
National Oilwell Varco Inc.; South Korea; area asset turnover calculation
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Consolidated revenues | |||||
| Long-lived assets | |||||
| Area Activity Ratio | |||||
| Area asset turnover1 | |||||
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).
1 2015 Calculation
Area asset turnover = Consolidated revenues ÷ Long-lived assets
= ÷ =
- Consolidated Revenues
- The consolidated revenues in the South Korea geographic area demonstrated a rising trend from 2011 to 2014, increasing steadily from 2,257 million US dollars in 2011 to a peak of 3,472 million US dollars in 2014. However, there was a notable decline in 2015, with revenues dropping sharply to 1,835 million US dollars.
- Long-lived Assets
- The value of long-lived assets showed a moderate and relatively stable pattern over the analyzed period. Starting at 97 million US dollars in 2011, the asset base increased slightly to 115 million US dollars in 2013, remained almost unchanged in 2014, and then decreased somewhat to 102 million US dollars in 2015.
- Area Asset Turnover
- The area asset turnover ratio exhibited an upward trajectory from 2011 through 2014, growing from 23.27 to a high of 30.73, indicating improving efficiency in generating revenues from the asset base. However, the ratio experienced a marked decline in 2015, falling to 17.99, which reflects decreased asset utilization or reduced revenue generation efficiency in that year.
Area Asset Turnover: Singapore
National Oilwell Varco Inc.; Singapore; area asset turnover calculation
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Consolidated revenues | |||||
| Long-lived assets | |||||
| Area Activity Ratio | |||||
| Area asset turnover1 | |||||
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).
1 2015 Calculation
Area asset turnover = Consolidated revenues ÷ Long-lived assets
= ÷ =
- Revenue Trends
- The revenue generated in the Singapore geographic area exhibited a strong upward trajectory from 2011 to 2013, increasing from 721 million USD to a peak of 1850 million USD. Following this peak, revenues sharply declined to 1157 million USD in 2014 and further decreased to 1035 million USD in 2015, reflecting a contraction of approximately 44% from the peak year.
- Long-lived Assets
- The value of long-lived assets displayed minor fluctuations over the observed years. Beginning at 86 million USD in 2011, the assets grew slightly to 94 million USD by 2013. Subsequently, there was a steady decline in asset value, reaching 78 million USD in 2015. This indicates a mild reduction in asset base by nearly 17% from the highest recorded level.
- Area Asset Turnover
- The area asset turnover ratio, which measures the efficiency of asset utilization to generate revenue, improved markedly between 2011 and 2013, rising from 8.38 to 19.68. This suggests enhanced operational efficiency during this period. However, post-2013, the ratio declined significantly to 13.3 in 2014 and stabilized slightly at 13.27 in 2015, remaining well below the 2013 peak but above the 2011 levels. This trend indicates a decrease in asset efficiency after 2013, coinciding with the drop in revenues.
- Summary
- Overall, the Singapore geographic area experienced significant growth in revenues and asset efficiency until 2013, followed by a notable reduction in both parameters through 2015. Despite a relatively stable asset base with only moderate declines, the ability to generate revenue per unit of asset diminished after 2013, reflecting potential challenges in the market or operational environment during the latter years.
Area Asset Turnover: United Kingdom
National Oilwell Varco Inc.; United Kingdom; area asset turnover calculation
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Consolidated revenues | |||||
| Long-lived assets | |||||
| Area Activity Ratio | |||||
| Area asset turnover1 | |||||
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).
1 2015 Calculation
Area asset turnover = Consolidated revenues ÷ Long-lived assets
= ÷ =
- Consolidated Revenues
- The consolidated revenues for the United Kingdom geographic area showed an overall upward trend from 2011 to 2014, increasing from 465 million US dollars in 2011 to a peak of 715 million US dollars in 2014. However, there was a notable decline in 2015, with revenues decreasing to 634 million US dollars.
- Long-lived Assets
- Long-lived assets increased steadily from 131 million US dollars in 2011 to a high of 200 million US dollars in 2013. Following this peak, a slight decrease was observed in 2014, with values dropping to 196 million US dollars, and a more pronounced reduction in 2015 to 163 million US dollars. This pattern indicates a reduction in asset holdings or possible asset disposals after 2013.
- Area Asset Turnover Ratio
- The area asset turnover ratio started at 3.55 in 2011 and declined to 3.02 in 2012, suggesting a temporary decrease in efficiency in generating revenues from assets. From 2012 onwards, the ratio improved steadily each year, reaching 3.89 by 2015. The increasing turnover ratio in the latter years implies improved effectiveness in utilizing assets to produce revenue despite the reduction in total asset values.
Area Asset Turnover: Brazil
National Oilwell Varco Inc.; Brazil; area asset turnover calculation
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Consolidated revenues | |||||
| Long-lived assets | |||||
| Area Activity Ratio | |||||
| Area asset turnover1 | |||||
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).
1 2015 Calculation
Area asset turnover = Consolidated revenues ÷ Long-lived assets
= ÷ =
- Consolidated revenues
- The consolidated revenues show a general upward trend from 2011 to 2014, increasing significantly from 397 million US dollars in 2011 to a peak of 1,299 million US dollars in 2014. However, in 2015, the revenues declined sharply to 605 million US dollars, indicating a considerable drop after the peak year.
- Long-lived assets
- Long-lived assets followed an increasing trajectory between 2011 and 2014, starting at 92 million US dollars in 2011 and reaching a maximum of 290 million US dollars in 2014. In 2015, these assets decreased to 226 million US dollars, showing a reduction but remaining higher than the initial years.
- Area asset turnover
- The area asset turnover ratio reveals variability over the period. It started at 4.32 in 2011, declined to around 3.0 in 2013, then peaked at 4.48 in 2014, aligning with the highest revenue year. By 2015, this ratio dropped to 2.68, suggesting reduced efficiency in utilizing assets to generate revenues in that year.
- Summary of trends
- Overall, the data indicates strong growth in revenues and asset investment through 2014, accompanied by fluctuating asset turnover efficiency. The sharp decline in 2015 in both revenues and asset turnover, alongside the reduction in long-lived assets, could imply external pressures or operational challenges impacting performance in the Brazil geographic area during that period.
Area Asset Turnover: Canada
National Oilwell Varco Inc.; Canada; area asset turnover calculation
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Consolidated revenues | |||||
| Long-lived assets | |||||
| Area Activity Ratio | |||||
| Area asset turnover1 | |||||
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).
1 2015 Calculation
Area asset turnover = Consolidated revenues ÷ Long-lived assets
= ÷ =
The financial data for the Canada geographic area reveals significant fluctuations over the five-year span from 2011 to 2015. Consolidated revenues initially increased sharply, rising from 913 million US dollars in 2011 to a peak of 1,398 million US dollars by 2013. However, this was followed by a pronounced decline in subsequent years, with revenues dropping steeply to 645 million in 2014 and further down to 365 million in 2015.
Long-lived assets displayed a less volatile but generally downward trajectory during the same period. The asset base started at 113 million US dollars in 2011, increased modestly to 131 million in 2012, before declining steadily to 123 million in 2013, 99 million in 2014, and 78 million by 2015. This pattern suggests a gradual disposal or depreciation of fixed assets in the Canada area.
The area asset turnover ratio, which measures the efficiency of asset utilization to generate revenue, closely mirrors the trends observed in both revenues and assets. The ratio peaked at 11.37 in 2013, indicating the highest efficiency during the period. Subsequently, it declined significantly to 6.52 in 2014 and 4.68 in 2015, consistent with the combined effect of reduced revenues and the shrinking asset base.
Overall, the data indicates an initial phase of growth and increased operational efficiency reaching its peak in 2013, followed by a marked downturn characterized by declining revenues, decreasing asset levels, and diminished asset turnover efficiency through 2015. This downturn may reflect adverse market conditions or strategic scaling back of operations within the Canadian geographic segment.
Area Asset Turnover: Other Countries
National Oilwell Varco Inc.; Other Countries; area asset turnover calculation
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Consolidated revenues | |||||
| Long-lived assets | |||||
| Area Activity Ratio | |||||
| Area asset turnover1 | |||||
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).
1 2015 Calculation
Area asset turnover = Consolidated revenues ÷ Long-lived assets
= ÷ =
- Consolidated Revenues
- The consolidated revenues experienced an overall upward trend from 2011 to 2014, increasing from 4,456 million USD in 2011 to a peak of 8,055 million USD in 2014. However, in 2015, there was a notable decline, with revenues decreasing to 6,643 million USD, representing a drop of approximately 17.5% from the previous year.
- Long-lived Assets
- The value of long-lived assets grew significantly from 433 million USD in 2011 to 776 million USD in 2013. After reaching this peak, the assets slightly declined to 759 million USD in 2014 and further to 742 million USD in 2015. This pattern suggests an initial investment phase followed by a modest contraction or asset disposals in the subsequent years.
- Area Asset Turnover
- The area asset turnover ratio showed variability during the period. It started at a high of 10.29 in 2011, decreased substantially to 7.72 in 2012, then recovered to 8.87 in 2013 and peaked again at 10.61 in 2014. In 2015, the ratio declined to 8.95. This indicates fluctuations in the efficiency with which the company utilized its assets to generate revenues, with the best performance in asset turnover observed in 2011 and 2014, and a decline in 2012 and 2015.
- Summary Insights
- The data reveals a growth phase from 2011 through 2014, characterized by increasing revenues and investment in long-lived assets. However, 2015 marks a reversal in these positive trends, with both reduced revenues and a slight decline in asset levels, accompanied by a decrease in asset turnover efficiency. The variability in the asset turnover ratio suggests changing operational efficiency or market conditions affecting the geographical area during the analyzed period.
Consolidated revenues
National Oilwell Varco Inc., consolidated revenues by geographic area
US$ in millions
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
|---|---|---|---|---|---|
| United States | |||||
| South Korea | |||||
| Singapore | |||||
| United Kingdom | |||||
| Brazil | |||||
| Canada | |||||
| Other Countries | |||||
| Total |
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).
The consolidated revenues by geographic area display distinct trends from 2011 through 2015. Overall, total revenues increased from 14,658 million US dollars in 2011 to a peak of 22,869 million in 2013, followed by a decline to 14,757 million in 2015, nearly returning to the 2011 level.
Revenues in the United States experienced significant fluctuation. Starting at 5,449 million in 2011, they rose sharply to 8,297 million in 2012, then slightly decreased to 8,003 million in 2013. Subsequently, there was a steep decline to 3,640 million in 2015, representing an overall reduction of approximately 33% from 2011 to 2015.
South Korea showed a generally positive trend through 2014, growing from 2,257 million in 2011 to a peak of 3,472 million in 2014. However, the 2015 figure dropped sharply to 1,835 million, indicating substantial contraction in the last recorded year.
Singapore’s revenues exhibited growth from 721 million in 2011 to a high of 1,850 million in 2013, followed by decreases in 2014 and 2015 to 1,035 million. Despite this decline, revenues in 2015 remained higher than the 2011 baseline.
The United Kingdom demonstrated steady, moderate growth from 465 million in 2011 to 715 million in 2014, with a slight decrease to 634 million in 2015. This suggests relatively stable revenue generation compared to other regions.
Brazil’s revenues increased consistently from 397 million in 2011 to a peak of 1,299 million in 2014, more than tripling over this period. However, 2015 revenues declined to 605 million, roughly half of the previous year’s figure.
Canada’s revenue trend was less positive; rising from 913 million in 2011 to 1,398 million in 2013, then contracting sharply to 365 million in 2015. This decline reflects a loss of approximately 60% from its 2011 level.
Revenues attributed to "Other Countries" showed steady growth from 4,456 million in 2011 to 8,055 million in 2014, followed by a decrease to 6,643 million in 2015. Despite the drop, the 2015 revenues remained significantly higher than in 2011.
In summary, total consolidated revenues peaked in 2013 followed by declines through 2015. The United States and several other key regions such as South Korea, Brazil, and Canada saw sharp revenue contractions after peaking, whereas the United Kingdom and Other Countries maintained relatively more stability. The overall geographic revenue distribution suggests volatility in core markets during the latter years of the period under review.
- Total Revenues
- Growth from 2011 to 2013 followed by decline through 2015, ending near initial levels.
- United States
- Significant growth until 2012-2013 peak, then sharp decline to 2015.
- South Korea
- Increasing trend through 2014, followed by a marked fall in 2015.
- Singapore
- Growth until 2013 peak, then reduced but above 2011 levels by 2015.
- United Kingdom
- Stable moderate growth with minor decline in final year.
- Brazil
- Strong growth to 2014 peak, then significant decrease in 2015.
- Canada
- Increase to 2013 peak, followed by major decline through 2015.
- Other Countries
- Consistent growth through 2014 followed by a partial decline but overall gain from 2011.
Long-lived assets
National Oilwell Varco Inc., long-lived assets by geographic area
US$ in millions
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
|---|---|---|---|---|---|
| United States | |||||
| South Korea | |||||
| Singapore | |||||
| United Kingdom | |||||
| Brazil | |||||
| Canada | |||||
| Other Countries | |||||
| Total |
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).
- United States
- The long-lived assets in the United States exhibited a general upward trend from 2011 to 2013, increasing from $1,493 million to $1,830 million. However, there was a slight decline thereafter, with values decreasing to $1,818 million in 2014 and further to $1,735 million in 2015.
- South Korea
- Assets in South Korea showed a modest increase from $97 million in 2011 to a peak of $115 million in 2013. A slight reduction followed, with values at $113 million in 2014 and dropping to $102 million by 2015.
- Singapore
- Singapore's asset values experienced minor fluctuations, rising from $86 million in 2011 to $94 million in 2013, before declining steadily to $87 million in 2014 and to $78 million in 2015. The overall trend suggests a gradual reduction after 2013.
- United Kingdom
- The United Kingdom saw a significant increase from $131 million in 2011 to $200 million in 2013. Following this peak, there was a decline to $196 million in 2014 and a more pronounced drop to $163 million in 2015.
- Brazil
- Brazil's long-lived assets demonstrated a strong upward trend from $92 million in 2011 to $290 million in 2014, representing substantial growth. However, in 2015, the amount decreased to $226 million, indicating a notable contraction after reaching the peak.
- Canada
- Asset values in Canada grew from $113 million in 2011 to $131 million in 2012, then declined progressively in the following years to $123 million in 2013, $99 million in 2014, and $78 million in 2015, marking a consistent downward trend post-2012.
- Other Countries
- The category labeled Other Countries showed a strong increase from $433 million in 2011 to $776 million in 2013. After this peak, values modestly declined to $759 million in 2014 and further to $742 million in 2015, indicating a slight downward adjustment following rapid growth.
- Total
- The total long-lived assets increased steadily from $2,445 million in 2011 to a high of $3,408 million in 2013. Afterwards, there was a small decline to $3,362 million in 2014 and a more marked decrease to $3,124 million in 2015, reflecting a contraction in overall asset holdings after the peak year.