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.