CVR Energy Inc (CVI)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,610,000 | 9,247,000 | 10,896,000 | 7,242,000 | 3,930,000 |
| Total assets | US$ in thousands | 4,263,000 | 4,707,000 | 4,119,000 | 3,906,000 | 3,978,000 |
| Total asset turnover | 1.79 | 1.96 | 2.65 | 1.85 | 0.99 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,610,000K ÷ $4,263,000K
= 1.79
The total asset turnover of CVR Energy Inc has shown significant variability over the past five years. In December 2020, the total asset turnover stood at 0.99, indicating that the company generated $0.99 in revenue for every dollar of assets.
However, the total asset turnover ratio improved consistently over the next three years. By December 2022, the ratio had increased to 2.65, reflecting a substantial increase in efficiency in generating revenue from its assets.
In December 2023, there was a slight decrease in the total asset turnover to 1.96, indicating a temporary dip in revenue generation efficiency. This was followed by a further decline to 1.79 by December 2024, suggesting that the company may be facing challenges in effectively utilizing its assets to drive revenue.
Overall, while CVR Energy Inc has demonstrated significant improvement in total asset turnover from 2020 to 2022, it experienced a slight decline in later years. Management may need to focus on optimizing asset utilization to sustain and enhance revenue generation efficiency in the future.
Peer comparison
Dec 31, 2024