APA Corporation (APA)
Total 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 |
| Total assets | US$ in thousands | 19,390,000 | 19,376,000 | 20,195,000 | 14,952,000 | 15,244,000 | 13,545,000 | 13,244,000 | 13,213,000 | 13,147,000 | 13,629,000 | 12,924,000 | 12,476,000 | 13,303,000 | 13,310,000 | 13,512,000 | 13,127,000 | 12,746,000 | 12,875,000 | 12,999,000 | 13,391,000 |
| Total asset turnover | 0.50 | 0.47 | 0.44 | 0.55 | 0.54 | 0.63 | 0.69 | 0.79 | 0.84 | 0.80 | 0.78 | 0.70 | 0.60 | 0.52 | 0.44 | 0.38 | 0.35 | 0.38 | 0.40 | 0.45 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $9,737,000K ÷ $19,390,000K
= 0.50
Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its total assets. APA Corporation's total asset turnover has shown a fluctuating trend over the past few quarters.
The ratio started at 0.45 in March 2020 and experienced a decline to 0.35 by December 2020, indicating a decrease in the company's ability to generate sales from its assets during that period. However, there was an improvement in the ratio to 0.60 by December 2021, suggesting that the company became more efficient in utilizing its assets to generate revenue.
Subsequently, the total asset turnover ratio continued to increase, reaching its peak at 0.84 by December 2022. This significant improvement indicates that APA Corporation was able to generate more sales relative to its total assets during this period.
However, there was a slight dip in the ratio to 0.54 by December 2023, followed by fluctuations around the 0.50 mark in the subsequent quarters. Overall, APA Corporation's total asset turnover ratio has shown variations, with periods of improvement and slight declines, reflecting changes in the company's efficiency in utilizing its assets to drive sales revenue. As of December 2024, the ratio stands at 0.50.
Peer comparison
Dec 31, 2024