Comstock Resources Inc (CRK)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,253,580 | 1,565,110 | 3,628,060 | 1,850,730 | 858,195 |
| Property, plant and equipment | US$ in thousands | — | — | 4,622,660 | 4,013,600 | 4,084,550 |
| Fixed asset turnover | — | — | 0.78 | 0.46 | 0.21 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,253,580K ÷ $—K
= —
Comstock Resources Inc's fixed asset turnover has shown a notable improvement over the years. In 2020, the company had a fixed asset turnover of 0.21, indicating that for every dollar invested in fixed assets, the company generated $0.21 in revenue. By the end of 2021, the fixed asset turnover had increased to 0.46, suggesting improved efficiency in utilizing fixed assets to generate revenue.
The trend continued to strengthen in 2022, with a fixed asset turnover of 0.78, indicating the company was generating $0.78 in revenue for every dollar invested in fixed assets. However, no data is available for 2023 and 2024, which could possibly be due to data unavailability or changes in reporting.
Overall, the increasing trend in fixed asset turnover from 2020 to 2022 reflects a positive operational efficiency and asset utilization by Comstock Resources Inc. It is important for the company to maintain or improve this ratio in the coming years to ensure continued effectiveness in generating revenue from its fixed assets.
Peer comparison
Dec 31, 2024