EQT Corporation (EQT)

Total asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	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	4,416,476	4,650,136	4,748,610	4,389,008
Total assets	US$ in thousands	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	18,809,200	20,160,400	20,479,300	20,339,700
Total asset turnover		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	0.23	0.23	0.23	0.22

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,908,920K ÷ $25,285,100K
= 0.27

The total asset turnover for EQT Corp has fluctuated over the past eight quarters, ranging from 0.07 to 0.45. In Q4 2023, the total asset turnover was 0.27, indicating that the company generated $0.27 in revenue for every $1 of total assets it possessed during that period. This ratio suggests that EQT Corp's efficiency in generating sales from its assets improved compared to the previous quarter but remains below the levels seen in Q4 2022 and Q3 2022.

The significant variation in total asset turnover over the quarters may indicate changes in the company's asset utilization and revenue generation capabilities. A lower total asset turnover could suggest underutilization of assets or a decline in sales relative to asset value, while a higher ratio indicates increased efficiency in asset utilization.

It is essential for EQT Corp to closely monitor its total asset turnover to assess and improve the effectiveness of its asset management strategies. Consistent analysis and evaluation of this ratio can help the company optimize its operations and enhance profitability in the long run.