Analysis of Long-term (Investment) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Valero Energy Corp., long-term (investment) activity ratios (quarterly data)
Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Valero Energy Corp. net fixed asset turnover ratio improved from Q1 2024 to Q2 2024 but then deteriorated significantly from Q2 2024 to Q3 2024. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Valero Energy Corp. total asset turnover ratio deteriorated from Q1 2024 to Q2 2024 but then improved from Q2 2024 to Q3 2024 not reaching Q1 2024 level. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Valero Energy Corp. equity turnover ratio improved from Q1 2024 to Q2 2024 but then deteriorated significantly from Q2 2024 to Q3 2024. |
Net Fixed Asset Turnover
Valero Energy Corp., net fixed asset turnover calculation (quarterly data)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Revenues, includes excise taxes on sales by certain of foreign operations | 32,876) | 34,490) | 31,759) | 35,414) | 38,404) | 34,509) | 36,439) | 41,746) | 44,454) | 51,641) | 38,542) | 35,903) | 29,520) | 27,748) | 20,806) | 16,604) | 15,809) | 10,397) | 22,102) | 27,879) | 27,249) | 28,933) | 24,263) | |||||||
| Property, plant, and equipment, net | 29,681) | 29,769) | 30,072) | 30,209) | 30,253) | 30,570) | 30,780) | 30,978) | 30,508) | 30,754) | 30,876) | 30,847) | 30,440) | 30,461) | 30,379) | 30,389) | 30,729) | 30,653) | 30,526) | 29,264) | 28,890) | 28,784) | 28,408) | |||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||||||
| Net fixed asset turnover1 | 4.53 | 4.71 | 4.66 | 4.79 | 4.99 | 5.14 | 5.66 | 5.69 | 5.59 | 5.06 | 4.27 | 3.69 | 3.11 | 2.66 | 2.09 | 2.14 | 2.48 | 2.86 | 3.48 | 3.70 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||||||||||||||||||||||||||
| Chevron Corp. | 1.31 | 1.29 | 1.27 | 1.28 | 1.32 | 1.50 | 1.62 | 1.64 | 1.58 | 1.43 | 1.22 | 1.06 | 0.91 | 0.77 | 0.62 | 0.60 | 0.73 | 0.80 | 0.91 | 0.93 | — | — | — | |||||||
| ConocoPhillips | 0.78 | 0.80 | 0.79 | 0.80 | 0.91 | 1.02 | 1.16 | 1.21 | 1.18 | 1.02 | 0.83 | 0.71 | 0.64 | 0.51 | 0.39 | 0.47 | 0.51 | 0.59 | 0.73 | 0.77 | — | — | — | |||||||
| Exxon Mobil Corp. | 1.13 | 1.14 | 1.55 | 1.56 | 1.68 | 1.76 | 1.92 | 1.95 | 1.90 | 1.68 | 1.44 | 1.28 | 1.10 | 0.96 | 0.81 | 0.78 | 0.78 | 0.85 | 1.00 | 1.01 | — | — | — | |||||||
| Marathon Petroleum Corp. | 4.11 | 4.26 | 4.18 | 4.23 | 4.38 | 4.47 | 4.92 | 4.98 | 4.89 | 4.30 | 3.64 | 3.20 | 2.73 | 2.31 | 1.83 | 1.79 | 2.09 | 2.14 | 2.60 | 2.72 | — | — | — | |||||||
| Occidental Petroleum Corp. | 0.39 | 0.46 | 0.46 | 0.48 | 0.50 | 0.54 | 0.61 | 0.63 | 0.62 | 0.58 | 0.49 | 0.43 | 0.37 | 0.32 | 0.26 | 0.27 | 0.29 | 0.30 | 0.29 | 0.25 | — | — | — | |||||||
Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q3 2024 Calculation
Net fixed asset turnover
= (Revenues, includes excise taxes on sales by certain of foreign operationsQ3 2024
+ Revenues, includes excise taxes on sales by certain of foreign operationsQ2 2024
+ Revenues, includes excise taxes on sales by certain of foreign operationsQ1 2024
+ Revenues, includes excise taxes on sales by certain of foreign operationsQ4 2023)
÷ Property, plant, and equipment, net
= (32,876 + 34,490 + 31,759 + 35,414)
÷ 29,681 = 4.53
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Valero Energy Corp. net fixed asset turnover ratio improved from Q1 2024 to Q2 2024 but then deteriorated significantly from Q2 2024 to Q3 2024. |
Total Asset Turnover
Valero Energy Corp., total asset turnover calculation (quarterly data)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Revenues, includes excise taxes on sales by certain of foreign operations | 32,876) | 34,490) | 31,759) | 35,414) | 38,404) | 34,509) | 36,439) | 41,746) | 44,454) | 51,641) | 38,542) | 35,903) | 29,520) | 27,748) | 20,806) | 16,604) | 15,809) | 10,397) | 22,102) | 27,879) | 27,249) | 28,933) | 24,263) | |||||||
| Total assets | 60,382) | 63,615) | 62,574) | 63,056) | 63,175) | 60,667) | 60,177) | 60,982) | 59,329) | 64,345) | 60,402) | 57,888) | 54,691) | 55,456) | 53,614) | 51,774) | 51,732) | 49,099) | 47,747) | 53,864) | 51,229) | 52,022) | 52,095) | |||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||||||
| Total asset turnover1 | 2.23 | 2.20 | 2.24 | 2.30 | 2.39 | 2.59 | 2.90 | 2.89 | 2.87 | 2.42 | 2.18 | 1.97 | 1.73 | 1.46 | 1.19 | 1.25 | 1.47 | 1.78 | 2.22 | 2.01 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Total Asset Turnover, Competitors2 | ||||||||||||||||||||||||||||||
| Chevron Corp. | 0.75 | 0.76 | 0.74 | 0.75 | 0.77 | 0.85 | 0.91 | 0.91 | 0.87 | 0.80 | 0.71 | 0.65 | 0.56 | 0.48 | 0.40 | 0.39 | 0.47 | 0.51 | 0.57 | 0.59 | — | — | — | |||||||
| ConocoPhillips | 0.57 | 0.59 | 0.58 | 0.59 | 0.64 | 0.74 | 0.83 | 0.84 | 0.79 | 0.70 | 0.58 | 0.51 | 0.41 | 0.34 | 0.27 | 0.30 | 0.33 | 0.39 | 0.45 | 0.46 | — | — | — | |||||||
| Exxon Mobil Corp. | 0.74 | 0.74 | 0.88 | 0.89 | 0.93 | 1.00 | 1.07 | 1.08 | 1.05 | 0.96 | 0.86 | 0.82 | 0.72 | 0.64 | 0.54 | 0.54 | 0.55 | 0.59 | 0.70 | 0.70 | — | — | — | |||||||
| Marathon Petroleum Corp. | 1.78 | 1.73 | 1.71 | 1.73 | 1.69 | 1.81 | 2.00 | 1.97 | 1.93 | 1.65 | 1.49 | 1.41 | 1.15 | 0.93 | 0.81 | 0.82 | 0.99 | 1.14 | 1.37 | 1.26 | — | — | — | |||||||
| Occidental Petroleum Corp. | 0.32 | 0.36 | 0.36 | 0.38 | 0.41 | 0.44 | 0.50 | 0.50 | 0.50 | 0.45 | 0.39 | 0.35 | 0.29 | 0.24 | 0.21 | 0.22 | 0.24 | 0.24 | 0.23 | 0.19 | — | — | — | |||||||
Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q3 2024 Calculation
Total asset turnover
= (Revenues, includes excise taxes on sales by certain of foreign operationsQ3 2024
+ Revenues, includes excise taxes on sales by certain of foreign operationsQ2 2024
+ Revenues, includes excise taxes on sales by certain of foreign operationsQ1 2024
+ Revenues, includes excise taxes on sales by certain of foreign operationsQ4 2023)
÷ Total assets
= (32,876 + 34,490 + 31,759 + 35,414)
÷ 60,382 = 2.23
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Valero Energy Corp. total asset turnover ratio deteriorated from Q1 2024 to Q2 2024 but then improved from Q2 2024 to Q3 2024 not reaching Q1 2024 level. |
Equity Turnover
Valero Energy Corp., equity turnover calculation (quarterly data)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Revenues, includes excise taxes on sales by certain of foreign operations | 32,876) | 34,490) | 31,759) | 35,414) | 38,404) | 34,509) | 36,439) | 41,746) | 44,454) | 51,641) | 38,542) | 35,903) | 29,520) | 27,748) | 20,806) | 16,604) | 15,809) | 10,397) | 22,102) | 27,879) | 27,249) | 28,933) | 24,263) | |||||||
| Total Valero Energy Corporation stockholders’ equity | 25,253) | 25,443) | 26,057) | 26,346) | 25,975) | 25,851) | 24,977) | 23,561) | 21,912) | 20,969) | 18,821) | 18,430) | 17,476) | 17,651) | 17,801) | 18,801) | 19,223) | 19,847) | 18,842) | 21,803) | 21,107) | 21,345) | 21,309) | |||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||||||
| Equity turnover1 | 5.33 | 5.51 | 5.38 | 5.49 | 5.82 | 6.08 | 6.98 | 7.49 | 7.78 | 7.42 | 7.00 | 6.18 | 5.42 | 4.59 | 3.57 | 3.45 | 3.96 | 4.42 | 5.63 | 4.97 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Equity Turnover, Competitors2 | ||||||||||||||||||||||||||||||
| Chevron Corp. | 1.24 | 1.24 | 1.21 | 1.22 | 1.23 | 1.35 | 1.46 | 1.48 | 1.43 | 1.34 | 1.21 | 1.12 | 0.99 | 0.87 | 0.73 | 0.72 | 0.79 | 0.86 | 0.94 | 0.97 | — | — | — | |||||||
| ConocoPhillips | 1.11 | 1.13 | 1.12 | 1.14 | 1.26 | 1.40 | 1.58 | 1.64 | 1.53 | 1.30 | 1.09 | 1.01 | 0.82 | 0.66 | 0.52 | 0.63 | 0.68 | 0.77 | 0.94 | 0.93 | — | — | — | |||||||
| Exxon Mobil Corp. | 1.27 | 1.27 | 1.61 | 1.63 | 1.73 | 1.83 | 1.99 | 2.04 | 2.08 | 1.99 | 1.81 | 1.64 | 1.50 | 1.35 | 1.15 | 1.14 | 1.10 | 1.19 | 1.37 | 1.33 | — | — | — | |||||||
| Marathon Petroleum Corp. | 7.50 | 6.93 | 6.38 | 6.08 | 5.87 | 6.10 | 6.49 | 6.40 | 6.58 | 6.06 | 5.65 | 4.58 | 3.63 | 3.03 | 3.26 | 3.14 | 3.69 | 4.07 | 4.89 | 3.68 | — | — | — | |||||||
| Occidental Petroleum Corp. | 0.78 | 0.85 | 0.88 | 0.93 | 1.00 | 1.08 | 1.20 | 1.22 | 1.26 | 1.21 | 1.16 | 1.28 | 1.18 | 1.07 | 0.90 | 0.96 | 1.00 | 0.92 | 0.74 | 0.60 | — | — | — | |||||||
Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q3 2024 Calculation
Equity turnover
= (Revenues, includes excise taxes on sales by certain of foreign operationsQ3 2024
+ Revenues, includes excise taxes on sales by certain of foreign operationsQ2 2024
+ Revenues, includes excise taxes on sales by certain of foreign operationsQ1 2024
+ Revenues, includes excise taxes on sales by certain of foreign operationsQ4 2023)
÷ Total Valero Energy Corporation stockholders’ equity
= (32,876 + 34,490 + 31,759 + 35,414)
÷ 25,253 = 5.33
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Valero Energy Corp. equity turnover ratio improved from Q1 2024 to Q2 2024 but then deteriorated significantly from Q2 2024 to Q3 2024. |