Coterra Energy Inc (CTRA)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,458,000 | 5,914,000 | 9,051,000 | 3,449,000 | 1,466,000 |
| Total assets | US$ in thousands | 21,625,000 | 20,415,000 | 20,154,000 | 19,900,000 | 4,524,000 |
| Total asset turnover | 0.25 | 0.29 | 0.45 | 0.17 | 0.32 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,458,000K ÷ $21,625,000K
= 0.25
Coterra Energy Inc's total asset turnover ratio has fluctuated over the years based on the provided data.
As of December 31, 2020, the total asset turnover stood at 0.32, indicating that Coterra was generating $0.32 in revenue for every dollar of assets it held.
By the end of December 31, 2021, the total asset turnover decreased to 0.17, signaling a decline in efficiency as the company generated less revenue per dollar of assets in that year compared to the previous one.
In the following year, by December 31, 2022, the total asset turnover ratio improved to 0.45, showing that Coterra was more effective in utilizing its assets to generate revenue.
However, there was a slight downturn by December 31, 2023, with the total asset turnover dropping to 0.29, suggesting a decrease in revenue generation relative to the company's asset base.
As of December 31, 2024, the total asset turnover ratio further decreased to 0.25, which might imply that Coterra's asset utilization efficiency declined as it generated less revenue per dollar of assets held in that period.
Overall, the fluctuating trend in Coterra Energy Inc's total asset turnover ratios indicates varying levels of efficiency in utilizing its assets to generate revenue over the years.
Peer comparison
Dec 31, 2024