Total Asset Turnover
since 2011
Calculation
LyondellBasell Industries N.V., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Sales and other operating revenues1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2018 | 1.38 | = | 39,004) | ÷ | 28,278) |
| Dec 31, 2017 | 1.32 | = | 34,484) | ÷ | 26,206) |
| Dec 31, 2016 | 1.24 | = | 29,183) | ÷ | 23,442) |
| Dec 31, 2015 | 1.44 | = | 32,735) | ÷ | 22,757) |
| Dec 31, 2014 | 1.88 | = | 45,608) | ÷ | 24,283) |
| Dec 31, 2013 | 1.61 | = | 44,062) | ÷ | 27,298) |
| Dec 31, 2012 | 1.87 | = | 45,352) | ÷ | 24,220) |
| Dec 31, 2011 | 2.23 | = | 51,035) | ÷ | 22,839) |
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).
1 US$ in millions
The total asset turnover ratio experienced a significant long-term decline between 2011 and 2016, followed by a period of gradual recovery through 2018. The ratio decreased from a peak of 2.23 in 2011 to a low of 1.24 in 2016, indicating a reduction in the efficiency with which assets were utilized to generate operating revenues over that five-year span.
- Revenue Dynamics
- Operating revenues exhibited a general downward trajectory for the majority of the analyzed period. Revenues fell from $51,035 million in 2011 to a low of $29,183 million in 2016. This contraction in sales was the primary driver behind the diminishing asset turnover ratio, as the company generated progressively less revenue from its existing asset base.
- Asset Base Stability
- Total assets remained relatively stable in comparison to the volatility of revenues, fluctuating between a minimum of $22,757 million in 2015 and a maximum of $28,278 million in 2018. Because the asset base did not contract in proportion to the decline in sales between 2011 and 2016, the asset turnover ratio suffered a corresponding decline.
- Efficiency Recovery
- A positive trend emerged starting in 2017, with the asset turnover ratio rising to 1.32 and further increasing to 1.38 by 2018. This recovery is directly correlated with a rebound in sales and other operating revenues, which grew to $39,004 million by the end of 2018, thereby improving the productivity of the company's total assets.
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Comparison to Competitors
LyondellBasell Industries N.V., total asset turnover, long-term trends, comparison to competitors
| LyondellBasell Industries N.V. | Linde plc | Sherwin-Williams Co. | |
|---|---|---|---|
| Dec 31, 2018 | 1.38 | 0.16 | 0.92 |
| Dec 31, 2017 | 1.32 | 0.56 | 0.75 |
| Dec 31, 2016 | 1.24 | 0.54 | 1.76 |
| Dec 31, 2015 | 1.44 | 0.59 | 1.96 |
| Dec 31, 2014 | 1.88 | 0.62 | 1.95 |
| Dec 31, 2013 | 1.61 | 0.59 | 1.60 |
| Dec 31, 2012 | 1.87 | 0.62 | 1.53 |
| Dec 31, 2011 | 2.23 | 0.69 | 1.68 |
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).
Comparison to Sector (Chemicals)
LyondellBasell Industries N.V., total asset turnover, long-term trends, comparison to sector (chemicals)
| LyondellBasell Industries N.V. | Chemicals | |
|---|---|---|
| Dec 31, 2018 | 1.38 | 0.29 |
| Dec 31, 2017 | 1.32 | 0.65 |
| Dec 31, 2016 | 1.24 | 0.86 |
| Dec 31, 2015 | 1.44 | 0.92 |
| Dec 31, 2014 | 1.88 | 0.92 |
| Dec 31, 2013 | 1.61 | 0.83 |
| Dec 31, 2012 | 1.87 | 0.85 |
| Dec 31, 2011 | 2.23 | 0.93 |
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).
Comparison to Industry (Materials)
LyondellBasell Industries N.V., total asset turnover, long-term trends, comparison to industry (materials)
| LyondellBasell Industries N.V. | Materials | |
|---|---|---|
| Dec 31, 2018 | 1.38 | 0.33 |
| Dec 31, 2017 | 1.32 | 0.55 |
| Dec 31, 2016 | 1.24 | 0.59 |
| Dec 31, 2015 | 1.44 | 0.54 |
| Dec 31, 2014 | 1.88 | 0.53 |
| Dec 31, 2013 | 1.61 | 0.48 |
| Dec 31, 2012 | 1.87 | 0.65 |
| Dec 31, 2011 | 2.23 | 0.76 |
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).