California Resources Corp (CRC)
Fixed 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 | 3,198,000 | 3,047,000 | 2,154,000 | 2,231,000 | 2,801,000 | 2,757,000 | 3,422,000 | 3,578,000 | 2,707,000 | 2,659,000 | 2,122,000 | 1,679,000 | 1,889,000 | 1,407,000 | 1,228,000 | 1,200,000 | 1,410,000 | 1,868,000 | 2,140,000 | 2,517,000 |
| Property, plant and equipment | US$ in thousands | 5,677,000 | 5,836,000 | 2,773,000 | 2,793,000 | 2,770,000 | 2,722,000 | 2,745,000 | 2,764,000 | 2,786,000 | 2,734,000 | 2,675,000 | 2,643,000 | 2,599,000 | 2,587,000 | 2,573,000 | 2,624,000 | 2,654,000 | 4,359,000 | 4,448,000 | 4,538,000 |
| Fixed asset turnover | 0.56 | 0.52 | 0.78 | 0.80 | 1.01 | 1.01 | 1.25 | 1.29 | 0.97 | 0.97 | 0.79 | 0.64 | 0.73 | 0.54 | 0.48 | 0.46 | 0.53 | 0.43 | 0.48 | 0.55 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,198,000K ÷ $5,677,000K
= 0.56
The fixed asset turnover ratio of California Resources Corp has shown fluctuations over the past years. The ratio was relatively low at the beginning of the analyzed period (March 31, 2020) at 0.55, indicating that the company was generating $0.55 in revenue for every dollar invested in fixed assets.
The ratio decreased further by June 30, 2020, and continued to decline until reaching its lowest point of 0.43 on September 30, 2020. This downward trend suggests that the company may have been facing challenges in efficiently utilizing its fixed assets to generate revenue during this period.
However, the fixed asset turnover ratio started to improve in the following quarters, showing a gradual increase and reaching its peak of 1.29 on March 31, 2023. This significant improvement indicates that California Resources Corp was able to enhance its operational efficiency and generate more revenue per dollar invested in fixed assets.
Subsequently, the ratio experienced some fluctuations but generally remained at higher levels compared to the earlier periods. Overall, the trend in the fixed asset turnover ratio reflects the company's ability to manage and leverage its fixed assets effectively to drive revenue growth over the analyzed period.
Peer comparison
Dec 31, 2024