HF Sinclair Corp (DINO)
Total 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 |
| Total assets | US$ in thousands | 16,643,000 | 16,887,700 | 17,381,800 | 17,916,000 | 17,716,300 | 18,901,800 | 18,197,000 | 18,006,000 | 18,125,500 | 18,226,300 | 19,177,900 | 17,733,100 | 12,916,600 | 12,897,200 | 12,560,000 | 11,934,800 | 11,506,900 | 11,579,700 | 11,063,800 | 11,221,800 |
| Total asset turnover | 1.72 | 1.76 | 1.81 | 1.75 | 1.80 | 1.76 | 1.92 | 2.13 | 2.11 | 1.91 | 1.51 | 1.26 | 1.42 | 1.21 | 1.10 | 0.95 | 0.97 | 1.09 | 1.29 | 1.51 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $28,584,710K ÷ $16,643,000K
= 1.72
Total asset turnover is a key financial ratio that indicates how efficiently a company utilizes its assets to generate revenue. In the case of HF Sinclair Corp, the total asset turnover ratio has shown fluctuations over the past few years.
The ratio started at 1.51 in March 2020 and gradually decreased to 0.95 by March 2021, indicating a decrease in efficiency in generating revenue relative to the total assets held by the company. Subsequently, there was a slight improvement in the ratio, reaching 1.42 by December 2021.
From March 2022 to June 2022, there was a significant increase in total asset turnover from 1.26 to 1.51, suggesting improved efficiency in asset utilization during that period. The ratio continued to rise, reaching a peak of 2.11 by December 2022.
However, in the following periods from March 2023 to December 2024, the total asset turnover ratio fluctuated between 1.72 and 2.13. These fluctuations may indicate changes in the company's operations, investment in new assets, or variations in revenue generation efficiency.
Overall, the total asset turnover ratio of HF Sinclair Corp has shown variability over time, with periods of improvement and decline in asset utilization efficiency. It is important for stakeholders to closely monitor this ratio to assess the company's ability to generate revenue from its asset base effectively.