EOG Resources Inc (EOG)

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	23,427,000	23,807,000	24,055,000	23,463,000	23,182,000	23,871,000	25,351,000	27,298,000	25,702,000	25,027,000	22,199,000	18,931,000	18,642,000	15,481,640	13,018,780	10,092,800	9,873,240	11,217,340	13,103,000	16,376,500
Property, plant and equipment	US$ in thousands	—	—	—	—	—	31,723,000	30,910,000	30,223,000	30,275,000	29,101,000	28,847,000	28,462,000	28,426,000	28,545,000	28,659,000	28,666,000	28,598,600	28,633,000	29,233,500	29,694,100
Fixed asset turnover		—	—	—	—	—	0.75	0.82	0.90	0.85	0.86	0.77	0.67	0.66	0.54	0.45	0.35	0.35	0.39	0.45	0.55

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $23,427,000K ÷ $—K
= —

The fixed asset turnover ratio of EOG Resources Inc has shown a decreasing trend from March 31, 2020, to December 31, 2021, indicating a decline in the company's efficiency in generating revenues from its fixed assets. However, starting from March 31, 2022, there has been a consistent increase in the fixed asset turnover ratio, reaching a peak of 0.90 by March 31, 2023.

This improvement suggests that EOG Resources Inc has been able to utilize its fixed assets more effectively to generate revenue during this period. The increasing trend in the fixed asset turnover ratio is a positive indicator of the company's operational efficiency and its ability to maximize productivity from its investment in fixed assets.

However, the fixed asset turnover ratio data is unavailable for the latter part of 2023 and all of 2024, making it difficult to assess the most recent performance of EOG Resources Inc in terms of generating revenue from its fixed assets. Further analysis would be required once the updated data becomes available to determine the continued trajectory of the company's fixed asset turnover ratio.