Chesapeake Energy Corp (CHK)
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 | 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 |
| Total assets | US$ in thousands | 14,376,000 | 14,248,000 | 14,429,000 | 14,591,000 | 15,468,000 | 14,089,000 | 13,899,000 | 13,293,000 | 11,009,000 | 7,326,000 | 6,999,000 | 6,904,000 | 6,584,000 | 6,903,000 | 6,553,000 | 7,808,000 | 16,193,000 | 16,579,000 | 16,540,000 | 16,637,000 |
| Total asset turnover | 0.61 | 0.76 | 0.87 | 0.97 | 0.76 | 0.76 | 0.61 | 0.42 | 0.50 | 0.51 | 0.54 | 0.52 | 0.80 | 0.86 | 1.08 | 1.14 | 0.53 | 0.57 | 0.59 | 0.58 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $8,721,000K ÷ $14,376,000K
= 0.61
The total asset turnover ratio for Chesapeake Energy Corp has fluctuated over the past several quarters, ranging from a low of 0.42 to a high of 1.14. This ratio indicates how efficiently the company is utilizing its assets to generate revenue. A higher ratio suggests better asset utilization.
In the most recent quarter, the total asset turnover ratio stood at 0.61, signifying a decline compared to the previous quarter. This could indicate a decrease in the company's ability to generate revenue from its assets during this period.
However, it's worth noting that the total asset turnover ratio has shown variability over time, with peaks and troughs in different quarters. This could be attributed to various factors such as changes in business operations, market conditions, or asset management strategies.
Overall, a sustained analysis of Chesapeake Energy Corp's total asset turnover ratio and its comparison to industry benchmarks would provide more insight into the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023