Chesapeake Energy Corp (CHK)
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 | 8,721,000 | 10,899,000 | 12,549,000 | 14,178,000 | 11,743,000 | 10,703,000 | 8,431,000 | 5,604,000 | 5,549,000 | 3,722,000 | 3,792,000 | 3,606,000 | 5,251,000 | 5,918,000 | 7,045,000 | 8,924,000 | 8,595,000 | 9,462,000 | 9,799,000 | 9,702,000 |
| Property, plant and equipment | US$ in thousands | 10,097,000 | 10,106,000 | 10,653,000 | 10,523,000 | 11,187,000 | 11,954,000 | 11,783,000 | 11,717,000 | 8,802,000 | 5,505,000 | 5,547,000 | 5,602,000 | 5,242,000 | 5,636,000 | 5,692,000 | 5,823,000 | 14,756,000 | 14,876,000 | 14,845,000 | 14,939,000 |
| Fixed asset turnover | 0.86 | 1.08 | 1.18 | 1.35 | 1.05 | 0.90 | 0.72 | 0.48 | 0.63 | 0.68 | 0.68 | 0.64 | 1.00 | 1.05 | 1.24 | 1.53 | 0.58 | 0.64 | 0.66 | 0.65 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $8,721,000K ÷ $10,097,000K
= 0.86
Chesapeake Energy Corp's fixed asset turnover has exhibited fluctuations over the past five years, ranging from a low of 0.48 to a high of 1.53. The fixed asset turnover ratio measures how efficiently the company is generating revenue from its fixed assets.
In recent quarters, the company's fixed asset turnover has shown an improving trend, with values above 1. This indicates that Chesapeake Energy Corp is generating more revenue per dollar of fixed assets, reflecting increased efficiency in asset utilization.
However, prior to this improvement, the company experienced periods of lower fixed asset turnover ratios below 1, suggesting a less efficient use of fixed assets to generate revenue. This could be a result of underutilized assets or challenges in effectively managing and optimizing its asset base.
Overall, the trend in Chesapeake Energy Corp's fixed asset turnover indicates a mix of efficiency levels in asset utilization over the periods analyzed. Further analysis of the underlying factors impacting asset turnover, such as changes in business operations or asset management strategies, could provide additional insights into the company's financial performance and operational efficiency.
Peer comparison
Dec 31, 2023