Chord Energy Corp (CHRD)

Total asset turnover

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Revenue (ttm) US$ in thousands 5,251,080 4,761,095 4,433,995 4,085,386 3,896,643 3,947,558 4,013,028 3,890,337 3,646,789 3,152,766 2,365,965 1,969,645 1,672,135 1,408,683 1,277,703 1,050,995 1,083,334 1,168,126 1,379,810 1,742,863
Total assets US$ in thousands 13,032,000 13,034,200 13,147,300 7,025,510 7,266,820 6,912,540 6,559,690 6,615,400 6,631,080 6,555,140 3,062,410 3,007,950 3,026,790 2,999,510 2,936,720 2,297,180 2,159,040 2,506,780 2,625,630 2,869,840
Total asset turnover 0.40 0.37 0.34 0.58 0.54 0.57 0.61 0.59 0.55 0.48 0.77 0.65 0.55 0.47 0.44 0.46 0.50 0.47 0.53 0.61

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,251,080K ÷ $13,032,000K
= 0.40

The total asset turnover ratio of Chord Energy Corp has fluctuated over the past few years, ranging from a low of 0.34 to a high of 0.77. Despite some variability, the trend shows a general decrease from 2022 to 2024. This ratio indicates how efficiently the company generates sales from its total assets, with a higher ratio suggesting better asset utilization. While the company experienced a peak in asset turnover in June 2022, it decreased significantly by June 2024. It is important for Chord Energy Corp to closely monitor and manage its asset turnover to ensure optimal efficiency in utilizing its assets to generate revenue.