Expand Energy Corporation (EXE)
Total 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 |
| Total assets | US$ in thousands | 13,392,000 | 13,608,000 | 14,018,000 | 14,376,000 | 14,248,000 | 14,429,000 | 14,591,000 | 15,468,000 | 14,089,000 | 13,899,000 | 13,293,000 | 11,009,000 | 7,326,000 | 6,999,000 | 6,904,000 | 6,584,000 | 6,903,000 | 6,553,000 | 7,808,000 | 16,193,000 |
| Total asset turnover | 0.31 | 0.37 | 0.46 | 0.61 | 0.76 | 0.87 | 0.97 | 0.76 | 0.76 | 0.61 | 0.42 | 0.50 | 0.51 | 0.54 | 0.52 | 0.80 | 0.86 | 1.08 | 1.14 | 0.53 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,182,000K ÷ $13,392,000K
= 0.31
Expand Energy Corporation's total asset turnover ratio has fluctuated over the past several quarters. The ratio peaked at 1.14 in the first quarter of 2020 and has since shown some variability, with a noticeable decrease to 0.31 in the most recent quarter. This downward trend indicates that the company is generating less revenue relative to its total assets in the current quarter compared to previous periods.
A total asset turnover ratio below 1 typically suggests that the company is not efficiently utilizing its assets to generate sales. A lower ratio could indicate issues with inventory management, inefficient asset allocation, or a decline in sales performance.
It is important for Expand Energy Corporation to closely monitor and analyze the factors contributing to this declining trend in total asset turnover to identify potential areas for improvement and take appropriate strategic actions to enhance operational efficiency and profitability.
Peer comparison
Sep 30, 2024