APA Corporation (APA)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	9,737,000	8,279,000	11,075,000	7,985,000	4,435,000
Property, plant and equipment	US$ in thousands	—	—	41,245,000	40,474,000	42,959,000
Fixed asset turnover		—	—	0.27	0.20	0.10

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $9,737,000K ÷ $—K
= —

Fixed asset turnover is a crucial financial ratio that measures a company's ability to generate revenue from its fixed assets. APA Corporation's fixed asset turnover has shown a positive trend over the years, increasing from 0.10 in 2020 to 0.27 in 2022. This indicates that APA Corporation is becoming more efficient in utilizing its fixed assets to generate sales.

However, the data shows that there is missing information for the years 2023 and 2024, which limits a comprehensive analysis of the company's fixed asset turnover performance in those years.

Overall, based on the available data, APA Corporation has demonstrated an improvement in its fixed asset turnover, suggesting better management of its fixed assets to drive revenue growth. It would be beneficial to monitor the trend in the coming years to assess the company's ongoing efficiency in utilizing its fixed assets.