Coterra Energy Inc (CTRA)
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 | 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 |
| Total assets | US$ in thousands | 21,625,000 | 20,126,000 | 20,764,000 | 20,953,000 | 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 |
| Total asset turnover | 0.25 | 0.28 | 0.27 | 0.27 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,458,000K ÷ $21,625,000K
= 0.25
Coterra Energy Inc's total asset turnover has fluctuated over the past few years. The ratio, which measures how efficiently the company is generating revenue from its assets, stood at 0.40 as of March 31, 2020, indicating that the company generated $0.40 in sales for every dollar of assets it held.
However, the total asset turnover ratio decreased to 0.25 by December 31, 2024. This downward trend suggests that Coterra Energy Inc may be experiencing challenges in effectively utilizing its assets to generate revenue.
It is important for the company to closely monitor this ratio and identify opportunities for improving asset utilization in order to enhance overall financial performance and profitability.
Peer comparison
Dec 31, 2024