EQT Corporation (EQT)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,908,920 | 7,497,690 | 3,064,660 | 3,058,840 | 4,416,480 |
| Total assets | US$ in thousands | 25,285,100 | 22,669,900 | 21,607,400 | 18,113,500 | 18,809,200 |
| Total asset turnover | 0.27 | 0.33 | 0.14 | 0.17 | 0.23 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $6,908,920K ÷ $25,285,100K
= 0.27
Total asset turnover measures how efficiently a company generates revenue from its total assets. A higher ratio indicates better asset utilization. EQT Corp's total asset turnover has fluctuated over the past five years, ranging from 0.14 to 0.33. The recent ratio of 0.27 suggests that, on average, the company is generating $0.27 in revenue for every dollar of assets. The decrease from 2022 to 2023 may indicate a decrease in efficiency in generating revenue from assets. Further analysis of the company's operations and asset management strategies is recommended to understand the reasons behind these fluctuations and to identify potential areas for improvement.
Peer comparison
Dec 31, 2023