Expand Energy Corporation (EXE)
Fixed asset turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,182,000 | 5,046,000 | 6,432,000 | 8,721,000 | 10,899,000 | 12,549,000 | 14,178,000 | 11,743,000 | 10,703,000 | 8,431,000 | 5,604,000 | 5,549,000 | 3,722,000 | 3,792,000 | 3,606,000 | 5,251,000 | 5,918,000 | 7,045,000 | 8,924,000 | 8,595,000 |
| Property, plant and equipment | US$ in thousands | 9,954,000 | 10,004,000 | 10,057,000 | 10,097,000 | 10,106,000 | 10,653,000 | 10,523,000 | 11,187,000 | 11,954,000 | 11,783,000 | 11,717,000 | 8,802,000 | 5,505,000 | 5,547,000 | 5,602,000 | 5,242,000 | 5,636,000 | 5,692,000 | 5,823,000 | 14,756,000 |
| Fixed asset turnover | 0.42 | 0.50 | 0.64 | 0.86 | 1.08 | 1.18 | 1.35 | 1.05 | 0.90 | 0.72 | 0.48 | 0.63 | 0.68 | 0.68 | 0.64 | 1.00 | 1.05 | 1.24 | 1.53 | 0.58 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,182,000K ÷ $9,954,000K
= 0.42
The fixed asset turnover ratio for Expand Energy Corporation has fluctuated over the past few years, ranging from 0.42 to 1.53. A higher fixed asset turnover ratio generally indicates that the company is generating more revenue per dollar invested in fixed assets.
In analyzing the trend, we can see that the fixed asset turnover ratio has shown some variability. In recent periods, there has been an improvement in the ratio, with an increasing trend from 0.42 in September 2023 to 1.53 in March 2020. This suggests that the company has been more efficient in utilizing its fixed assets to generate sales.
However, it is worth noting that there were also periods of decline in the ratio, such as the decrease from 1.35 in March 2023 to 0.90 in September 2022. This could signal potential inefficiencies or fluctuations in sales relative to the value of fixed assets during those periods.
Overall, while the trend has been positive in recent periods, it is important for Expand Energy Corporation to consistently monitor and manage its fixed asset turnover ratio to ensure efficient utilization of assets and sustainable revenue generation.
Peer comparison
Sep 30, 2024