Crescent Energy Co (CRGY)

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
Revenue (ttm)	US$ in thousands	2,930,919	2,713,358	2,610,882	2,449,938	2,382,602	2,409,636	2,632,195	3,048,290	3,057,063	2,835,560	2,336,331	1,758,026	1,476,977	1,204,330	942,108	819,828
Property, plant and equipment	US$ in thousands	—	—	—	—	—	6,015,930	7,929,060	7,808,320	7,604,900	7,808,210	7,624,190	7,422,200	6,496,640	4,566,920	3,486,660	3,652,790
Fixed asset turnover		—	—	—	—	—	0.40	0.33	0.39	0.40	0.36	0.31	0.24	0.23	0.26	0.27	0.22

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,930,919K ÷ $—K
= —

The fixed asset turnover ratio measures how effectively a company is utilizing its fixed assets to generate sales revenue. A higher ratio indicates more efficient use of fixed assets, while a lower ratio suggests inefficiency.

Analyzing Crescent Energy Co's fixed asset turnover from March 31, 2021, to September 30, 2023, we observe a fluctuating trend. The ratio increased from 0.22 on March 31, 2021, to a peak of 0.40 on September 30, 2022, indicating improved efficiency in utilizing fixed assets to generate sales.

However, the ratio declined to 0.33 on June 30, 2023, before recovering to 0.40 on September 30, 2023. This fluctuation suggests potential changes in how efficiently Crescent Energy Co is utilizing its fixed assets during this period.

The absence of data for the years 2024 prevents a complete analysis of the most recent performance. However, it would be essential to monitor this ratio in subsequent periods to understand if the company sustains or improves its efficiency in utilizing fixed assets to drive sales revenue.