Comstock Resources Inc (CRK)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,583,860 | 2,747,940 | 556,921 | 632,473 | 658,858 |
| Total assets | US$ in thousands | 6,253,620 | 5,694,260 | 4,668,230 | 4,623,980 | 4,657,120 |
| Total asset turnover | 0.25 | 0.48 | 0.12 | 0.14 | 0.14 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,583,860K ÷ $6,253,620K
= 0.25
Comstock Resources, Inc.'s total asset turnover has fluctuated over the past five years, ranging from 0.17 to 0.64. In 2023, the total asset turnover was at 0.25, which indicates that the company generated $0.25 in revenue for every $1 of assets held during the year. This ratio suggests that Comstock Resources, Inc. may not be efficiently utilizing its assets to generate sales compared to the previous year where the turnover was higher at 0.64. It is essential for the company to focus on improving its asset management and operational efficiency to enhance its revenue generation capabilities in the future.
Peer comparison
Dec 31, 2023