HF Sinclair Corp (DINO)
Total asset turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 31,780,330 | 32,993,160 | 34,745,460 | 38,104,440 | 38,041,410 | |||
| Total assets | US$ in thousands | 17,716,300 | 18,901,800 | 18,197,000 | 18,006,000 | 18,125,500 | 18,226,300 | 19,177,900 | 17,733,100 |
| Total asset turnover | 1.79 | 1.75 | 1.91 | 2.12 | 2.10 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $31,780,330K ÷ $17,716,300K
= 1.79
HF Sinclair Corp.'s total asset turnover has exhibited variability over the past eight quarters. The highest total asset turnover was recorded in Q1 2023 at 2.13, indicating that the company generated $2.13 in sales for every dollar of assets during that quarter. This suggests efficient utilization of its assets to generate revenue.
However, in Q2 2022, the total asset turnover was notably lower at 1.51, indicating a less efficient use of assets to generate sales during that period. The performance improved in subsequent quarters, with the ratio reaching 1.80 in Q4 2023, showing that the company's asset utilization efficiency had increased compared to the previous quarter.
Overall, the trend in total asset turnover for HF Sinclair Corp. shows fluctuations, with some quarters demonstrating better asset utilization for revenue generation than others. This could be due to various factors such as changes in the company's operations, investments in new assets, or shifts in sales volumes. Monitoring this ratio over time can provide valuable insights into the company's operational efficiency and financial health.