Atlas Energy Solutions Inc. (AESI)
Fixed asset turnover
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 918,549 | 770,235 | |||
| Property, plant and equipment | US$ in thousands | 1,449,540 | 1,403,420 | 1,287,500 | 934,660 | 828,997 |
| Fixed asset turnover | 0.63 | 0.55 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $918,549K ÷ $1,449,540K
= 0.63
Fixed asset turnover measures how efficiently a company generates revenue from its fixed assets. It is calculated by dividing net sales by average fixed assets. A higher ratio indicates better utilization of fixed assets.
Based on the data provided, we observe that Atlas Energy Solutions Inc.'s fixed asset turnover has fluctuated over the past five quarters. In the latest quarter ending September 30, 2024, the fixed asset turnover ratio stood at 0.63, indicating that the company generated $0.63 in sales for every dollar invested in fixed assets during that quarter.
Comparing this to the previous quarter ending June 30, 2024, where the ratio was 0.55, we see an improvement in the efficiency of utilizing fixed assets to generate sales. However, it is essential to note that the ratio has been somewhat volatile, suggesting potential fluctuations in the company's utilization of fixed assets.
Further analysis and comparison with industry benchmarks and historical data could provide more insights into Atlas Energy Solutions Inc.'s fixed asset turnover efficiency and its implications for the company's operations and financial performance.
Peer comparison
Sep 30, 2024