CNX Resources Corp (CNX)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,266,790 | 3,434,950 | 1,261,210 | 756,792 | 1,257,980 |
| Total assets | US$ in thousands | 8,511,900 | 8,626,660 | 8,515,770 | 8,100,750 | 8,041,760 |
| Total asset turnover | 0.15 | 0.40 | 0.15 | 0.09 | 0.16 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,266,790K ÷ $8,511,900K
= 0.15
The total asset turnover ratio of CNX Resources Corp has varied over the past five years. In 2020, the ratio was 0.16, indicating that the company generated $0.16 in revenue for every $1 of assets. This figure decreased to 0.09 in 2021, suggesting a decline in the company's ability to efficiently utilize its assets to generate revenue.
However, there was a notable improvement in 2023 when the total asset turnover ratio surged to 0.40, reflecting a significant increase in revenue generation relative to the company's total assets. This spike might indicate better asset management or increased sales efficiency during that period.
In 2022 and 2024, the total asset turnover ratio reverted to 0.15, which is lower than the peak in 2023 but still higher than the low point in 2021. Overall, CNX Resources Corp's total asset turnover ratio has exhibited fluctuations, highlighting fluctuations in the company's efficiency in leveraging its assets to generate revenue over the period analyzed.
Peer comparison
Dec 31, 2024