EQT Corporation (EQT)

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	5,273,312	5,691,582	5,593,882	5,660,120	6,908,920	8,345,750	9,229,110	10,737,870	10,563,420	10,923,280	10,637,870	9,188,260	7,651,563	5,064,453	3,452,530	2,901,704	3,058,841	2,817,741	3,597,190	4,380,366
Property, plant and equipment	US$ in thousands	31,747,800	32,546,500	23,176,300	23,022,600	22,950,200	22,922,100	18,323,500	18,233,700	18,167,300	18,132,200	18,202,100	18,295,900	18,418,900	18,781,100	15,819,100	15,898,000	16,054,300	15,557,400	15,704,100	15,965,500
Fixed asset turnover		0.17	0.17	0.24	0.25	0.30	0.36	0.50	0.59	0.58	0.60	0.58	0.50	0.42	0.27	0.22	0.18	0.19	0.18	0.23	0.27

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,273,312K ÷ $31,747,800K
= 0.17

The fixed asset turnover of EQT Corporation has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio started at 0.27 in March 2020, indicating that the company generated $0.27 in sales for every dollar of fixed assets. It then decreased to 0.17 by September 30, 2024, before stabilizing at this level.

A lower fixed asset turnover ratio suggests that the company is less efficient in generating sales from its fixed assets. The decreasing trend observed in this ratio could imply a decline in operational efficiency or underutilization of fixed assets during the period under review. It is important for EQT Corporation to closely monitor and analyze the factors leading to this decrease in fixed asset turnover to ensure optimal utilization of its fixed assets and maximize operational effectiveness.