EQT Corporation (EQT)

Total 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
Total assets	US$ in thousands	39,830,300	39,945,600	24,706,500	25,438,300	25,285,100	24,555,000	21,273,500	22,690,500	22,669,900	22,541,100	22,621,700	21,814,600	21,607,400	23,011,700	18,985,300	18,039,400	18,113,500	17,574,700	18,008,900	18,634,500
Total asset turnover		0.13	0.14	0.23	0.22	0.27	0.34	0.43	0.47	0.47	0.48	0.47	0.42	0.35	0.22	0.18	0.16	0.17	0.16	0.20	0.24

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,273,312K ÷ $39,830,300K
= 0.13

EQT Corporation's total asset turnover has shown a fluctuating trend over the past few years. The ratio declined from 0.24 as of March 31, 2020, to 0.13 as of December 31, 2024. This indicates that EQT Corporation generated $0.13 in revenue for every dollar of assets held at the end of 2024.

The company experienced a notable peak in its total asset turnover of 0.48 on September 30, 2022. However, the ratio has generally been on a downward trajectory since then. The decreasing trend suggests that EQT Corporation may not be effectively utilizing its assets to generate revenue efficiently.

Overall, the declining total asset turnover of EQT Corporation warrants further investigation into the company's operational efficiency and asset management strategies to identify potential areas for improvement.