Consol Energy Inc (CEIX)
Total 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 |
| Total assets | US$ in thousands | 2,675,000 | 2,659,520 | 2,678,350 | 2,695,310 | 2,704,380 | 2,722,280 | 2,720,490 | 2,714,960 | 2,573,520 | 2,589,750 | 2,557,930 | 2,520,560 | 2,523,370 | 2,554,840 | 2,566,130 | 2,653,470 | 2,693,800 | 2,723,240 | 2,765,470 | 2,767,040 |
| Total asset turnover | 0.96 | 0.96 | 0.95 | 0.90 | 0.78 | 0.71 | 0.56 | 0.47 | 0.49 | 0.43 | 0.47 | 0.43 | 0.40 | 0.41 | 0.44 | 0.51 | 0.53 | 0.54 | 0.53 | 0.54 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,568,877K ÷ $2,675,000K
= 0.96
The total asset turnover ratio for Consol Energy Inc has been improving steadily over the past eight quarters, from 0.54 in Q1 2022 to 0.94 in Q4 2023. This indicates that the company is generating more revenue relative to its total assets.
A higher total asset turnover ratio suggests that the company is more efficient in generating sales using its assets. Consol Energy Inc's increasing trend in this ratio reflects an improvement in productivity and could be a positive indicator of effective asset utilization and operational efficiency.
This upward trend in total asset turnover could potentially signify that Consol Energy Inc is managing its assets more effectively, resulting in increased revenue generation per dollar of assets invested. It is essential for the company to sustain this positive trend to ensure continued growth and profitability.
Peer comparison
Dec 31, 2023