Chord Energy Corp (CHRD)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,251,080 | 3,896,640 | 3,646,790 | 1,579,930 | 1,083,330 |
| Total assets | US$ in thousands | 13,032,000 | 6,926,150 | 6,631,080 | 3,026,790 | 2,159,040 |
| Total asset turnover | 0.40 | 0.56 | 0.55 | 0.52 | 0.50 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,251,080K ÷ $13,032,000K
= 0.40
The total asset turnover ratio for Chord Energy Corp has shown a gradual improvement over the past five years, moving from 0.50 in December 31, 2020, to 0.40 in December 31, 2024. This indicates that the company is generating more revenue relative to its total assets invested in the business. Despite a slight dip in 2024, the overall trend suggests that Chord Energy Corp has been able to utilize its assets more efficiently to generate sales. This improvement may be attributed to better operational efficiency, increased sales volume, or more effective asset utilization strategies. It is essential for the company to continue monitoring and managing its asset turnover ratio to ensure sustained growth and profitability in the future.
Peer comparison
Dec 31, 2024