EOG Resources Inc (EOG)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 23,378,000 | 23,273,000 | 29,492,000 | 19,669,000 | 9,873,240 |
| Property, plant and equipment | US$ in thousands | — | — | 30,275,000 | 28,426,000 | 28,598,600 |
| Fixed asset turnover | — | — | 0.97 | 0.69 | 0.35 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $23,378,000K ÷ $—K
= —
The fixed asset turnover ratio of EOG Resources Inc has shown a significant improvement over the years, increasing from 0.35 in December 31, 2020 to 0.69 in December 31, 2021 and further to 0.97 in December 31, 2022. This indicates that the company is generating more revenue from its fixed assets, reflecting efficient asset utilization.
However, the ratio is not available for December 31, 2023 and December 31, 2024. It would be important for stakeholders to monitor the trend in fixed asset turnover to ensure the company continues to effectively leverage its fixed assets to generate revenue.
Overall, the increasing trend in fixed asset turnover suggests that EOG Resources Inc is effectively managing and utilizing its fixed assets to drive revenue growth, which can be a positive indicator of the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2024