Comstock Resources Inc (CRK)

Total asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	1,583,855	2,112,604	2,642,492	3,180,232	2,703,372	2,341,239	1,975,138	1,536,563	1,512,092	1,161,907	828,742	599,361	817,942	816,538	836,814	836,768	693,175	557,482	412,556	311,050
Total assets	US$ in thousands	6,253,620	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	4,657,120	4,552,310	2,282,900	2,221,890
Total asset turnover		0.25	0.35	0.45	0.56	0.47	0.42	0.37	0.32	0.32	0.24	0.17	0.13	0.18	0.18	0.18	0.18	0.15	0.12	0.18	0.14

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,583,855K ÷ $6,253,620K
= 0.25

Comstock Resources, Inc.'s total asset turnover has exhibited fluctuations over the past eight quarters. The ratio, which measures the efficiency of the company in generating sales from its total assets, ranged from a low of 0.25 in Q4 2023 to a high of 0.64 in Q4 2022.

In Q4 2023, the total asset turnover was at its lowest, indicating that the company generated $0.25 in sales for every $1 of total assets. This suggests a lower efficiency in asset utilization compared to previous quarters. However, in Q4 2022, the ratio peaked at 0.64, indicating a more efficient use of assets to generate sales.

Overall, the company's total asset turnover has shown variability, with fluctuations observed within a range of 0.25 to 0.64. Further analysis and comparison with industry benchmarks could provide insights into Comstock Resources, Inc.'s asset management efficiency and operational performance.