HF Sinclair Corp (DINO)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 28,580,000 | 31,964,400 | 38,204,800 | 18,389,100 | 11,183,600 |
| Property, plant and equipment | US$ in thousands | — | — | 7,039,970 | 5,811,040 | 4,923,690 |
| Fixed asset turnover | — | — | 5.43 | 3.16 | 2.27 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $28,580,000K ÷ $—K
= —
The fixed asset turnover ratio of HF Sinclair Corp has shown an increasing trend over the past few years, from 2.27 in 2020 to 3.16 in 2021 and further to 5.43 in 2022. This indicates that the company is generating more revenue relative to its investment in fixed assets. However, the data for 2023 and 2024 is not available.
A higher fixed asset turnover ratio generally reflects more efficient utilization of fixed assets to generate sales. It suggests that the company is effectively using its fixed assets to generate revenue, which can be a positive sign of operational efficiency and asset productivity.
It is important to analyze the context and industry benchmarks to fully interpret the performance of HF Sinclair Corp in terms of fixed asset turnover. Further monitoring of this ratio will provide insights into the company's ongoing operational efficiency and effectiveness in utilizing its fixed assets.