Consol Energy Inc (CEIX)
Fixed asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,568,877 | 2,556,589 | 2,548,363 | 2,432,015 | 2,101,937 | 1,945,411 | 1,532,785 | 1,275,325 | 1,258,947 | 1,102,929 | 1,197,136 | 1,072,538 | 1,021,643 | 1,039,671 | 1,129,798 | 1,351,546 | 1,430,903 | 1,470,504 | 1,461,406 | 1,492,370 |
| Property, plant and equipment | US$ in thousands | 1,903,120 | 1,916,830 | 1,931,600 | 1,940,350 | 1,960,080 | 1,953,300 | 1,959,770 | 1,970,320 | 1,978,550 | 1,998,960 | 2,002,830 | 2,014,090 | 2,049,060 | 2,083,240 | 2,067,610 | 2,087,800 | 2,092,160 | 2,106,750 | 2,103,140 | 2,100,280 |
| Fixed asset turnover | 1.35 | 1.33 | 1.32 | 1.25 | 1.07 | 1.00 | 0.78 | 0.65 | 0.64 | 0.55 | 0.60 | 0.53 | 0.50 | 0.50 | 0.55 | 0.65 | 0.68 | 0.70 | 0.69 | 0.71 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,568,877K ÷ $1,903,120K
= 1.35
Consol Energy Inc's fixed asset turnover has been gradually improving over the quarters, indicating better efficiency in generating revenues from its fixed assets. The ratio increased from 0.74 in Q1 2022 to 1.32 in Q4 2023, showcasing a consistent upward trend. This suggests that the company is utilizing its fixed assets more effectively to generate sales. The increase in fixed asset turnover indicates that the company is managing its fixed assets efficiently, which can lead to improved profitability and overall financial performance. This trend reflects positively on Consol Energy Inc's operational effectiveness in utilizing its fixed assets to drive revenue generation.
Peer comparison
Dec 31, 2023