CVR Energy Inc (CVI)
Total 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 |
| Total assets | US$ in thousands | 4,263,000 | 3,878,000 | 4,093,000 | 4,707,000 | 4,421,000 | 4,217,000 | 4,208,000 | 4,119,000 | 4,206,000 | 4,671,000 | 4,345,000 | 3,906,000 | 3,872,000 | 3,798,000 | 4,188,000 | 3,978,000 | 3,876,000 | 3,928,000 | 4,125,000 | 3,905,000 |
| Total asset turnover | 1.84 | 2.17 | 2.16 | 1.96 | 2.20 | 2.35 | 2.57 | 2.65 | 2.46 | 2.04 | 1.88 | 1.85 | 1.61 | 1.41 | 1.02 | 0.99 | 1.13 | 1.27 | 1.46 | 1.63 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,845,000K ÷ $4,263,000K
= 1.84
Total asset turnover measures how efficiently a company generates revenue from its total assets. Looking at the data provided for CVR Energy Inc, we observe fluctuations in the total asset turnover ratio over time.
From December 31, 2019, to December 31, 2020, the total asset turnover declined steadily from 1.63 to 0.99, indicating a decrease in the company's ability to generate sales revenue relative to its total assets during this period. However, starting from March 31, 2021, the total asset turnover began to improve, reaching a peak of 2.65 by December 31, 2022.
The significant increase in total asset turnover from December 31, 2020, to December 31, 2022, suggests that CVR Energy Inc successfully enhanced its operational efficiency, utilizing its assets more effectively to generate higher revenue. The ratio remained relatively stable at a high level from March 31, 2023, to December 31, 2024, reflecting continued efficiency in asset utilization.
Overall, the trend in total asset turnover for CVR Energy Inc shows periods of both decline and improvement, with the company demonstrating an ability to optimize its asset utilization and drive revenue growth efficiently over the analyzed period.
Peer comparison
Dec 31, 2024