Chord Energy Corp (CHRD)

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	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018
Revenue (ttm)	US$ in thousands	3,862,929	3,922,232	3,986,992	3,864,580	4,140,141	3,571,117	2,780,208	2,624,106	1,804,786	1,597,593	1,329,219	1,090,044	1,227,058	1,430,029	1,795,055	1,936,243	2,052,134	2,157,750	2,173,144	2,066,018
Total assets	US$ in thousands	6,926,150	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	2,506,780	2,625,630	2,869,840	7,499,250	7,666,980	7,710,290	7,646,350	7,626,140
Total asset turnover		0.56	0.57	0.61	0.58	0.62	0.54	0.91	0.87	0.60	0.53	0.45	0.47	0.49	0.54	0.63	0.26	0.27	0.28	0.28	0.27

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,862,929K ÷ $6,926,150K
= 0.56

Based on the data provided, Chord Energy Corp's total asset turnover has shown some fluctuations over the past eight quarters. The total asset turnover ratio is a measure of how efficiently a company is using its assets to generate revenue. A higher ratio typically indicates that the company is able to generate more revenue per dollar of assets.

In this case, we observe that Chord Energy Corp's total asset turnover ratio has ranged from 0.47 to 0.74 over the past two years. The lowest ratio was recorded in Q3 2022 at 0.47, while the highest was in Q2 2022 at 0.74. This variability may suggest fluctuations in the company's efficiency in generating revenue from its assets during this period.

Overall, the average total asset turnover ratio for Chord Energy Corp over the eight quarters is approximately 0.59. This indicates that, on average, the company generates $0.59 in revenue for every dollar of assets it holds. It would be advisable to further investigate the reasons behind the fluctuations in the total asset turnover ratio to assess the company's operational efficiency and asset utilization more closely.