Comstock Resources Inc (CRK)
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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,253,580 | 1,293,550 | 1,365,815 | 1,407,196 | 1,561,002 | 2,076,910 | 2,890,173 | 3,548,216 | 3,583,479 | 3,316,471 | 2,637,647 | 2,035,086 | 1,850,730 | 1,470,125 | 1,136,960 | 972,802 | 858,195 | 872,672 | 919,105 | 867,686 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 5,368,030 | 5,026,000 | 4,859,700 | 4,622,660 | 4,440,020 | 4,421,480 | 4,128,890 | 4,013,600 | 4,234,480 | 4,202,610 | 4,144,450 | 4,084,550 | 4,015,900 | 4,000,640 | 4,029,110 |
| Fixed asset turnover | — | — | — | — | — | 0.39 | 0.58 | 0.73 | 0.78 | 0.75 | 0.60 | 0.49 | 0.46 | 0.35 | 0.27 | 0.23 | 0.21 | 0.22 | 0.23 | 0.22 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,253,580K ÷ $—K
= —
The fixed asset turnover ratio measures the efficiency of a company in generating net sales revenue from its investment in fixed assets. For Comstock Resources Inc, we observe fluctuations in the fixed asset turnover over the quarters from March 31, 2020, to December 31, 2024.
The fixed asset turnover ratio for Comstock Resources Inc has been steadily increasing from 0.22 in March 2020 to a peak of 0.78 in December 2022. This indicates that the company was able to generate more sales revenue relative to its investment in fixed assets during this period.
However, there was a decline in the fixed asset turnover ratio in the subsequent quarters, dropping to 0.39 by September 30, 2023. This could suggest a potential decrease in the efficiency of the company's asset utilization or a slowdown in sales relative to the investment in fixed assets during that period.
Notably, the fixed asset turnover for the quarters ending December 31, 2023, and onwards is not available, as indicated by the values "—" in the data provided. This lack of data makes it difficult to assess the trend in the fixed asset turnover ratio for the more recent periods.
Overall, it would be important to further investigate the factors contributing to the fluctuations in the fixed asset turnover ratio for Comstock Resources Inc to gain a deeper understanding of the company's asset utilization efficiency over time.
Peer comparison
Dec 31, 2024