Comstock Resources Inc (CRK)
Total 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 |
| Total assets | US$ in thousands | 6,382,100 | 6,253,620 | 5,694,260 | 4,668,230 | 4,623,980 |
| Total asset turnover | 0.20 | 0.25 | 0.64 | 0.40 | 0.19 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,253,580K ÷ $6,382,100K
= 0.20
The total asset turnover ratio of Comstock Resources Inc has shown fluctuations over the past five years. In December 31, 2020, the ratio was quite low at 0.19, indicating that the company generated $0.19 in revenue for every $1 of assets. Subsequently, there was a significant improvement in efficiency as the ratio increased to 0.40 by December 31, 2021, and further to 0.64 by December 31, 2022.
However, the ratio declined in December 31, 2023 to 0.25, suggesting a decrease in the company's ability to generate revenue from its assets efficiently. This was followed by a slight decrease to 0.20 by December 31, 2024, indicating that there was a further reduction in the utilization of assets to generate revenue compared to the previous year.
Overall, the trend in Comstock Resources Inc's total asset turnover reflects fluctuations in the company's efficiency in utilizing its assets to generate revenue over the years, indicating potential changes in the effectiveness of the company's asset management strategies.
Peer comparison
Dec 31, 2024