EQT Corporation (EQT)

Total asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	5,273,310	6,908,920	7,497,690	3,064,660	3,058,840
Total assets	US$ in thousands	39,830,300	25,285,100	22,669,900	21,607,400	18,113,500
Total asset turnover		0.13	0.27	0.33	0.14	0.17

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $5,273,310K ÷ $39,830,300K
= 0.13

EQT Corporation's total asset turnover has fluctuated over the past five years. In 2020, the total asset turnover ratio was 0.17, indicating that the company generated $0.17 in revenue for every dollar of assets. The ratio decreased to 0.14 in 2021, suggesting a decline in efficiency in utilizing its assets to generate revenue.

However, there was a significant improvement in 2022, with the total asset turnover ratio increasing to 0.33, signaling that EQT Corporation was able to generate more revenue for each dollar of assets invested. This improvement may be attributed to better asset management or an increase in sales efficiency.

In 2023, the total asset turnover ratio decreased slightly to 0.27, but it remained above the levels seen in 2020 and 2021, indicating continued efficiency in utilizing assets to generate revenue.

The total asset turnover ratio dropped to 0.13 in 2024, which is the lowest among the five years analyzed. This decline may raise concerns about the company's ability to effectively utilize its assets to generate revenue efficiently.

Overall, EQT Corporation's total asset turnover has shown fluctuations over the years, with improvements in some periods and declines in others. It would be important for the company to closely monitor its asset management strategies to ensure optimal utilization of assets and sustainable revenue generation.