HF Sinclair Corp (DINO)
Total 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 |
| Total assets | US$ in thousands | 16,643,000 | 17,716,300 | 18,125,500 | 12,916,600 | 11,506,900 |
| Total asset turnover | 1.72 | 1.80 | 2.11 | 1.42 | 0.97 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $28,580,000K ÷ $16,643,000K
= 1.72
HF Sinclair Corp's total asset turnover indicates how efficiently the company is utilizing its assets to generate revenue. The trend shows an improvement over the years, starting at 0.97 in 2020 and increasing to 1.42 in 2021, 2.11 in 2022, 1.80 in 2023, and 1.72 in 2024.
The higher total asset turnover ratios in 2022 and 2023 indicate that the company was able to generate more revenue relative to its total assets during those years. However, the slight decrease in 2024 suggests that there may have been changes in the company's asset management or revenue generation strategies. Overall, HF Sinclair Corp's total asset turnover has shown fluctuation over the years, reflecting variations in the efficiency of asset utilization and revenue generation.