California Resources Corp (CRC)
Total asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 2,634,000 | 3,102,000 | 3,249,000 | 3,145,000 |
| Total assets | US$ in thousands | 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 | 6,958,000 | 7,035,000 | 7,032,000 | 7,230,000 |
| Total asset turnover | 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 | 0.38 | 0.44 | 0.46 | 0.43 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,801,000K ÷ $3,998,000K
= 0.70
The total asset turnover ratio measures how efficiently California Resources Corporation is generating revenue from its total assets. The trend in the total asset turnover ratio over the past five quarters indicates that the company's ability to generate revenue from its assets has been relatively consistent, with values ranging from 0.68 to 0.89.
An average total asset turnover ratio of around 0.77 indicates that for every dollar of assets owned by California Resources Corporation, it generates approximately $0.77 in revenue. A higher total asset turnover ratio generally signifies better efficiency in asset utilization and revenue generation.
The slight fluctuations in the total asset turnover ratio suggest that the company's operational efficiency in generating revenue from its total assets has remained stable during the quarters analyzed. Further analysis of the company's business operations and asset management strategies could provide insights into opportunities for enhancing asset utilization efficiency and revenue generation in the future.
Peer comparison
Dec 31, 2023