Coterra Energy Inc (CTRA)
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 | 5,458,000 | 5,659,000 | 5,656,000 | 5,570,000 | 5,914,000 | 6,598,000 | 7,762,000 | 9,149,000 | 9,051,000 | 8,996,000 | 6,916,000 | 4,668,000 | 3,449,000 | 1,680,778 | 1,531,819 | 1,540,167 | 1,466,624 | 1,471,214 | 1,609,284 | 1,811,053 |
| Property, plant and equipment | US$ in thousands | 17,890,000 | 17,941,000 | 17,996,000 | 17,959,000 | 17,933,000 | 17,928,000 | 17,801,000 | 17,682,000 | 17,479,000 | 17,429,000 | 17,407,000 | 17,346,000 | 17,375,000 | 4,225,910 | 4,150,790 | 4,075,430 | 4,045,000 | 4,034,680 | 4,002,490 | 3,920,500 |
| Fixed asset turnover | 0.31 | 0.32 | 0.31 | 0.31 | 0.33 | 0.37 | 0.44 | 0.52 | 0.52 | 0.52 | 0.40 | 0.27 | 0.20 | 0.40 | 0.37 | 0.38 | 0.36 | 0.36 | 0.40 | 0.46 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,458,000K ÷ $17,890,000K
= 0.31
The fixed asset turnover ratio for Coterra Energy Inc has shown some fluctuations over the past few years, ranging from 0.20 to 0.52. A declining trend can be observed from the beginning of 2020 to the end of 2021, with the ratio decreasing from 0.46 to 0.20. However, there was a slight improvement in the ratio in the first half of 2022, reaching 0.40 in June 2022.
From September 2022 to March 2023, there was a notable increase in the fixed asset turnover ratio, reaching a peak of 0.52, indicating that Coterra Energy was generating more revenue for each dollar invested in fixed assets during this period. However, the ratio witnessed a decline in the following quarters, dropping to 0.31 by the end of 2024.
Overall, the fixed asset turnover ratio for Coterra Energy Inc has exhibited variability, reflecting changes in the efficiency of the company in generating sales from its fixed assets. Further analysis of the underlying factors driving these fluctuations would be necessary to fully assess the company's operational performance and asset utilization efficiency.
Peer comparison
Dec 31, 2024