California Resources Corp (CRC)
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 | 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 |
| Total assets | US$ in thousands | 7,135,000 | 7,128,000 | 4,490,000 | 3,910,000 | 3,998,000 | 3,952,000 | 3,900,000 | 4,000,000 | 3,967,000 | 3,986,000 | 4,018,000 | 4,032,000 | 3,846,000 | 3,342,000 | 3,240,000 | 3,180,000 | 3,074,000 | 4,856,000 | 4,930,000 | 4,974,000 |
| Total asset turnover | 0.45 | 0.43 | 0.48 | 0.57 | 0.70 | 0.70 | 0.88 | 0.89 | 0.68 | 0.67 | 0.53 | 0.42 | 0.49 | 0.42 | 0.38 | 0.38 | 0.46 | 0.38 | 0.43 | 0.51 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,198,000K ÷ $7,135,000K
= 0.45
The total asset turnover ratio of California Resources Corp has exhibited fluctuations over the reported periods. The ratio shows the company's efficiency in generating sales revenue from its total assets. The trend of the ratio indicates how effectively the company is utilizing its assets to generate revenue.
Based on the provided data, the total asset turnover ratio for California Resources Corp ranged from a low of 0.38 in various quarters to a high of 0.89. The ratio experienced an increase from March 31, 2022, to June 30, 2022, suggesting improved asset utilization during that period. However, the ratio decreased in the following quarters before experiencing a significant increase to 0.89 by March 31, 2023, indicating a substantial improvement in asset turnover efficiency.
Despite the peak in March 2023, the total asset turnover ratio declined in the subsequent quarters but generally remained above the initial levels reported. This variation could be due to changes in operational efficiency, the company's investment decisions, or changes in the sales volume relative to the total assets held by California Resources Corp.
Overall, the total asset turnover trend for California Resources Corp reflects fluctuations in the company's ability to convert its total assets into sales revenue efficiently. Monitoring this ratio over time can help evaluate the company's operational performance and asset management strategies.
Peer comparison
Dec 31, 2024