Crescent Energy Co (CRGY)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,930,920 | 2,382,600 | 3,057,060 | 1,476,980 | 754,221 |
| Property, plant and equipment | US$ in thousands | — | — | 7,604,900 | 6,496,640 | 3,642,150 |
| Fixed asset turnover | — | — | 0.40 | 0.23 | 0.21 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,930,920K ÷ $—K
= —
Based on the data provided, Crescent Energy Co's fixed asset turnover has shown a positive trend over the past few years. The fixed asset turnover ratio has increased from 0.21 in 2020 to 0.23 in 2021, further rising to 0.40 in 2022. This indicates that the company is generating more revenue relative to its investment in fixed assets, which is a positive sign of efficiency in asset utilization.
However, it is important to note that the data is missing for 2023 and 2024, so we lack information about the trend for those years. It would be beneficial for stakeholders to have a complete set of data to fully assess the company's performance over time.
Overall, the increasing trend in fixed asset turnover suggests that Crescent Energy Co is effectively using its fixed assets to generate revenue, which can be indicative of efficient operational management and potentially positive financial performance.
Peer comparison
Dec 31, 2024