Crescent Energy Co (CRGY)

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
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
Total assets	US$ in thousands	9,333,220	9,250,430	7,480,820	6,797,920	6,803,340	6,986,430	6,148,260	6,111,710	6,019,850	6,229,590	6,273,670	6,174,490	5,157,460	3,737,830	3,760,470	3,891,220
Total asset turnover		0.31	0.29	0.35	0.36	0.35	0.34	0.43	0.50	0.51	0.46	0.37	0.28	0.29	0.32	0.25	0.21

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,930,919K ÷ $9,333,220K
= 0.31

Total asset turnover is a measure of how efficiently a company utilizes its assets to generate revenue. It indicates the amount of revenue generated for each dollar of assets held by the company. In the case of Crescent Energy Co, the total asset turnover has shown some fluctuations over the financial periods provided.

For the most recent quarter, December 31, 2024, the total asset turnover was 0.31, which means that the company generated $0.31 in revenue for each dollar of assets it owned. This figure decreased from the previous quarter, where it was 0.29 on September 30, 2024.

Looking at the trend over the past few years, the total asset turnover ratio has varied, reaching its peak at 0.51 on December 31, 2022, and its lowest point at 0.21 on March 31, 2021. Generally, an increasing total asset turnover ratio indicates better efficiency in asset utilization, while a decreasing ratio may signify less effective use of assets to generate revenue.

It is essential for Crescent Energy Co to monitor and analyze its total asset turnover over time to ensure optimal efficiency in utilizing its assets to drive revenue growth and profitability. Further investigation into the company's operational and strategic changes may help explain the fluctuations observed in the total asset turnover ratio.