Expand Energy Corporation (EXE)

Fixed asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	8,721,000	11,743,000	5,549,000	5,240,000	8,532,000
Property, plant and equipment	US$ in thousands	10,097,000	11,187,000	8,802,000	5,242,000	14,756,000
Fixed asset turnover		0.86	1.05	0.63	1.00	0.58

December 31, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $8,721,000K ÷ $10,097,000K
= 0.86

Expand Energy Corporation's fixed asset turnover ratio has fluctuated over the past five years, indicating varying efficiencies in generating revenue from its fixed assets.

In 2023, the fixed asset turnover ratio decreased to 0.86 from 1.05 in 2022. This decline suggests that the company generated $0.86 in revenue for every dollar invested in fixed assets, reflecting a decrease in efficiency compared to the previous year.

The highest fixed asset turnover ratio was recorded in 2022 at 1.05, indicating that Expand Energy Corporation was able to generate $1.05 in revenue for every dollar of fixed assets during that year, showcasing a higher efficiency in asset utilization.

In 2021 and 2020, the fixed asset turnover ratios were 0.63 and 1.00, respectively. The significant drop in 2021 to 0.63 suggests a decrease in efficiency in utilizing fixed assets to generate revenue. However, the ratio improved in 2020 to 1.00, indicating a better utilization of fixed assets compared to 2021.

In 2019, the fixed asset turnover ratio was 0.58, showing that the company generated $0.58 in revenue for every dollar of fixed assets invested. This ratio indicates a lower efficiency in asset utilization compared to the subsequent years.

Overall, Expand Energy Corporation's fixed asset turnover has shown fluctuations, and the trend in recent years suggests the need for further analysis to understand the factors contributing to these variations and to improve asset utilization efficiency.