Coterra Energy Inc (CTRA)

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	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	2,066,277	2,321,210	2,437,272	2,356,602
Total assets	US$ in thousands	20,415,000	20,101,000	19,879,000	20,139,000	20,154,000	20,305,000	20,647,000	20,327,000	19,900,000	4,730,700	4,610,570	4,550,850	4,524,000	4,419,300	4,527,870	4,522,180	4,487,240	4,442,660	4,563,730	4,481,550
Total asset turnover		0.29	0.33	0.39	0.45	0.45	0.44	0.33	0.23	0.17	0.36	0.33	0.34	0.32	0.33	0.36	0.40	0.46	0.52	0.53	0.53

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,914,000K ÷ $20,415,000K
= 0.29

Coterra Energy Inc's total asset turnover has shown fluctuations over the past eight quarters, ranging from a low of 0.23 in Q1 2022 to a high of 0.45 in both Q4 2022 and Q1 2023. The total asset turnover ratio measures the efficiency of the company in generating sales revenue from its total assets. A higher total asset turnover ratio indicates that the company is able to generate more revenue from its assets.

In the recent quarters, Coterra Energy Inc's total asset turnover has been relatively stable, with values ranging between 0.29 to 0.45. This implies that the company has been effectively utilizing its assets to generate revenue. However, the decrease in the total asset turnover from Q4 2022 to Q3 2023 and the subsequent increase in Q4 2023 may indicate changes in the company's asset management efficiency or sales performance.

Overall, Coterra Energy Inc's total asset turnover ratio demonstrates the effectiveness of the company in generating revenue from its assets, although fluctuations in the ratio over time may warrant further analysis to understand the underlying factors driving these changes.