HF Sinclair Corp (DINO)
Fixed 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 | 28,584,710 | 29,744,850 | 31,443,180 | 31,430,690 | 31,964,400 | 33,289,190 | 34,982,720 | 38,311,270 | 38,204,880 | 34,842,620 | 28,928,680 | 22,343,600 | 18,389,140 | 15,667,240 | 13,801,580 | 11,287,390 | 11,183,640 | 12,664,760 | 14,270,190 | 16,989,880 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 6,906,090 | 6,945,990 | — | 7,039,970 | 7,091,370 | 7,135,020 | 7,228,910 | 5,811,040 | 5,262,500 | 5,163,650 | 4,982,530 | 4,923,690 | 4,527,870 | 4,485,180 | 4,769,370 |
| Fixed asset turnover | — | — | — | — | — | 4.82 | 5.04 | — | 5.43 | 4.91 | 4.05 | 3.09 | 3.16 | 2.98 | 2.67 | 2.27 | 2.27 | 2.80 | 3.18 | 3.56 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $28,584,710K ÷ $—K
= —
HF Sinclair Corp's fixed asset turnover ratio has shown fluctuations over the observed period. The ratio started at 3.56 on March 31, 2020, indicating that the company generated $3.56 in sales for every dollar invested in fixed assets. The ratio decreased to 2.27 by December 31, 2020, suggesting a potential decrease in efficiency in utilizing its fixed assets to generate revenue.
Subsequently, the fixed asset turnover ratio improved, reaching a peak of 5.43 on December 31, 2022. This significant increase may imply better efficiency in utilizing fixed assets to generate sales revenue. However, the ratio declined to 4.82 by September 30, 2023, indicating a slight decrease in efficiency.
The fixed asset turnover ratio remained stable at 4.82 on December 31, 2023, and then became unavailable for the following periods. Overall, the trend indicates that HF Sinclair Corp has experienced varying degrees of efficiency in utilizing its fixed assets to generate sales over the analysed period. Further analysis would be necessary to determine the factors driving these fluctuations and their potential impact on the company's overall financial performance.