Comstock Resources Inc (CRK)
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 | 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 |
| Total assets | US$ in thousands | 6,382,100 | 6,313,010 | 6,324,520 | 6,317,240 | 6,469,400 | 6,031,110 | 5,836,730 | 5,700,880 | 5,694,260 | 5,584,360 | 5,288,190 | 4,749,700 | 4,668,230 | 4,887,140 | 4,764,250 | 4,735,150 | 4,623,980 | 4,502,850 | 4,533,420 | 4,643,740 |
| Total asset turnover | 0.20 | 0.20 | 0.22 | 0.22 | 0.24 | 0.34 | 0.50 | 0.62 | 0.63 | 0.59 | 0.50 | 0.43 | 0.40 | 0.30 | 0.24 | 0.21 | 0.19 | 0.19 | 0.20 | 0.19 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,253,580K ÷ $6,382,100K
= 0.20
The total asset turnover for Comstock Resources Inc has shown a fluctuating trend over the past five years, starting at a low of 0.19 in March 2020 and reaching a peak of 0.63 by December 2022. This indicates that the company generated $0.63 in revenue for every $1 of assets held at the end of December 2022. However, the ratio declined to 0.20 by December 2024, suggesting a lower efficiency in utilizing its assets to generate revenue compared to the peak period. Overall, the total asset turnover ratio has displayed volatility, which may warrant further investigation into the company's asset management and operational efficiency strategies.
Peer comparison
Dec 31, 2024