CNX Resources Corp (CNX)

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	1,266,787	2,098,976	2,025,269	2,543,526	3,434,953	4,103,016	3,869,571	3,450,289	2,987,605	2,641,965	3,151,913	3,143,144	2,802,921	2,138,434	1,577,500	1,314,692	1,257,978	1,136,022	1,599,944	2,056,135
Total assets	US$ in thousands	8,511,900	8,538,050	8,602,950	8,656,640	8,626,660	8,492,640	8,531,860	8,340,140	8,515,770	8,633,130	8,695,890	8,223,520	8,100,750	8,228,150	8,072,110	8,069,240	8,041,760	8,129,170	8,319,680	8,528,950
Total asset turnover		0.15	0.25	0.24	0.29	0.40	0.48	0.45	0.41	0.35	0.31	0.36	0.38	0.35	0.26	0.20	0.16	0.16	0.14	0.19	0.24

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,266,787K ÷ $8,511,900K
= 0.15

Total asset turnover is a financial ratio that measures how efficiently a company utilizes its assets to generate revenue. A higher total asset turnover indicates better asset utilization. From March 31, 2020, to December 31, 2024, CNX Resources Corp's total asset turnover has displayed fluctuations. The ratio ranged from a low of 0.14 in September 30, 2020, to a peak of 0.48 in September 30, 2023. Overall, there is a general increasing trend in total asset turnover from 2020 to 2023, indicating improved asset efficiency. However, the ratio declined in the subsequent periods, dropping to 0.15 in December 31, 2024. This may suggest a potential decrease in asset utilization efficiency during that period. It is important for CNX Resources Corp to monitor and manage its asset turnover to ensure optimal utilization of resources for revenue generation.