APA Corporation (APA)

Fixed asset turnover

		Dec 31, 2024	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
Revenue (ttm)	US$ in thousands	9,737,000	9,192,000	8,969,000	8,222,000	8,279,000	8,584,000	9,163,000	10,414,000	11,075,000	10,902,000	10,074,000	8,783,000	7,985,000	6,905,000	5,966,000	4,962,000	4,435,000	4,841,000	5,159,000	6,005,000
Property, plant and equipment	US$ in thousands	—	—	—	—	—	9,500,000	42,117,000	41,658,000	41,245,000	40,939,000	40,548,000	40,223,000	40,474,000	8,113,000	8,501,000	8,544,000	42,959,000	9,067,000	9,344,000	9,586,000
Fixed asset turnover		—	—	—	—	—	0.90	0.22	0.25	0.27	0.27	0.25	0.22	0.20	0.85	0.70	0.58	0.10	0.53	0.55	0.63

December 31, 2024 calculation

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

The fixed asset turnover ratio measures how efficiently a company generates revenue from its investment in fixed assets. APA Corporation's fixed asset turnover has fluctuated over the past few years, starting at 0.63 as of March 31, 2020, decreasing to 0.10 by December 31, 2020, and then progressively increasing to reach 0.90 as of September 30, 2023.

The ratio improved significantly from 2020 to 2021, indicating better utilization of fixed assets to generate sales. However, there was a slight decline in the ratio by the end of 2021, which recovered and remained relatively stable above 0.20 through June 30, 2024.

It's worth noting that there is missing data for the fixed asset turnover ratio from December 31, 2023, onwards, which limits the ability to fully analyze the trend. Overall, the company's fixed asset turnover indicates varying levels of efficiency in utilizing its fixed assets to generate sales revenue over the period covered in the data.