Core Natural Resources, Inc. (CNR)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,148,700 | 2,506,640 | 2,280,020 | 1,261,030 | 879,462 |
| Total assets | US$ in thousands | 3,036,610 | 2,675,000 | 2,704,380 | 2,573,520 | 5,478,490 |
| Total asset turnover | 0.71 | 0.94 | 0.84 | 0.49 | 0.16 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,148,700K ÷ $3,036,610K
= 0.71
Core Natural Resources, Inc.'s total asset turnover has shown a positive trend over the past five years, increasing from 0.16 in December 31, 2020, to 0.71 in December 31, 2024. The total asset turnover ratio indicates how efficiently the company is utilizing its assets to generate revenue.
In 2020, for every dollar of total assets, the company generated $0.16 of revenue. This suggests that the company's asset utilization was relatively low at that time. However, by December 31, 2024, the total asset turnover had improved to 0.71, signifying that the company was able to generate $0.71 of revenue for each dollar of total assets.
The increasing trend in total asset turnover indicates that Core Natural Resources, Inc. has become more efficient in utilizing its assets to generate sales over the years. This improvement could be attributed to better operational efficiency, effective management of assets, or strategic investments in revenue-generating activities. It suggests that the company has been able to maximize its asset utilization, leading to improved financial performance.
Peer comparison
Dec 31, 2024