CVR Energy Inc (CVI)
Fixed asset turnover
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,845,000 | 8,420,000 | 8,823,000 | 9,246,000 | 9,724,000 | 9,901,000 | 10,809,000 | 10,896,000 | 10,329,000 | 9,513,000 | 8,152,000 | 7,242,000 | 6,248,000 | 5,370,000 | 4,262,000 | 3,929,000 | 4,379,000 | 4,996,000 | 6,008,000 | 6,364,000 |
| Property, plant and equipment | US$ in thousands | 2,176,000 | 2,164,000 | 2,210,000 | 2,221,000 | 2,227,000 | 2,235,000 | 2,241,000 | 2,247,000 | 2,267,000 | 2,252,000 | 2,269,000 | 2,273,000 | 2,291,000 | 2,304,000 | 2,278,000 | 2,240,000 | 2,267,000 | 2,294,000 | 2,325,000 | 2,336,000 |
| Fixed asset turnover | 3.61 | 3.89 | 3.99 | 4.16 | 4.37 | 4.43 | 4.82 | 4.85 | 4.56 | 4.22 | 3.59 | 3.19 | 2.73 | 2.33 | 1.87 | 1.75 | 1.93 | 2.18 | 2.58 | 2.72 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $7,845,000K ÷ $2,176,000K
= 3.61
Fixed asset turnover is a financial ratio that measures a company's ability to generate revenue from its investment in fixed assets. The trend analysis of CVR Energy Inc's fixed asset turnover reveals fluctuations over the reporting periods, ranging from 1.75 to 4.85.
The fixed asset turnover ratio increased steadily from December 31, 2019, to December 31, 2022, demonstrating an improvement in the efficiency of CVR Energy Inc's fixed asset utilization. The ratio peaked at 4.85 on December 31, 2022, indicating that the company generated $4.85 in revenue for every dollar invested in fixed assets.
However, after reaching its peak, the fixed asset turnover ratio started declining slightly in the following reporting periods, stabilizing around 3.61 to 4.56 from September 30, 2023, to December 31, 2024. This could suggest either a decrease in revenue generated from fixed assets or a growth in fixed asset investments outpacing revenue growth.
Overall, the trend in CVR Energy Inc's fixed asset turnover indicates fluctuations in the efficiency of utilizing fixed assets to generate revenue. It is essential for the company to closely monitor this ratio to ensure optimal utilization of fixed assets and sustain or improve its operational efficiency and profitability.
Peer comparison
Dec 31, 2024