Valaris Common Shares(Val) Financials: Total Asset Turnover Compared To Industry Average, Plus Other Key Ratios
Growth Trend (Last 5 Years)
Growth - total asset turnover
This chart shows the historical trend of total asset turnover for VAL compared to its industry average over the recent years.
Ratio Definition and Interpretation
Name: Total Asset Turnover
Definition: Total asset turnover measures how efficiently the company generates sales from its entire asset base. A high turnover means the company gets a lot of sales out of relatively fewer assets — very efficient. A low turnover may suggest underused assets or bloated balance sheets.
Interpretation:
• In '2022', VAL's total asset turnover was 0.59, reflecting overall efficiency in utilizing assets. Industry average for Oil & Gas Production in '2022' stood at 0.83.
• In '2023', VAL's total asset turnover was 0.50, reflecting overall efficiency in utilizing assets. The decline from '2022' may indicate some operational or financial challenges. Industry average for Oil & Gas Production in '2023' stood at 0.71. Industry average declined by 0.13 from previous year.
• In '2024', VAL's total asset turnover was 0.54, reflecting overall efficiency in utilizing assets. The increase since '2023' reflects strengthening financial performance. Industry average for Oil & Gas Production in '2024' stood at 0.61. Industry average declined by 0.10 from previous year.
Overall, VAL's total asset turnover has consistently declined during the past 3 years.
Formula: Total Asset Turnover = Net Sales / Total Assets
Good Range: Ranges from 0.5 to 2 depending on business type.