Diamondback Energy Inc (FANG)

Fixed asset turnover

		Dec 31, 2024	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
Revenue (ttm)	US$ in thousands	11,051,000	9,572,000	9,267,000	8,680,000	8,378,000	8,191,000	8,288,000	9,160,000	9,643,000	9,635,000	9,107,000	8,018,000	6,793,000	5,538,000	4,348,000	3,092,000	2,806,000	3,141,000	3,395,000	3,990,000
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	25,145,000	25,514,000	23,759,000	21,903,000	21,369,000	21,108,000	20,619,000	20,406,000	20,419,000	20,352,000	16,214,000	17,435,000	18,927,000	21,420,000
Fixed asset turnover		—	—	—	—	—	—	0.33	0.36	0.41	0.44	0.43	0.38	0.33	0.27	0.21	0.15	0.17	0.18	0.18	0.19

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $11,051,000K ÷ $—K
= —

The fixed asset turnover ratio measures a company's ability to generate sales from its investments in fixed assets such as property, plant, and equipment. A higher fixed asset turnover ratio indicates that the company is utilizing its fixed assets more efficiently to generate revenue.

For Diamondback Energy Inc, the fixed asset turnover ratio has shown some fluctuations over the past few years. From March 2020 to June 2022, the ratio gradually increased from 0.19 to 0.43, indicating improved efficiency in generating sales from fixed assets. This trend suggests that the company may have made strategic investments in fixed assets that have positively impacted revenue generation.

However, in the following periods from September 2022 to June 2023, the fixed asset turnover ratio decreased slightly to 0.33, possibly indicating a slowdown in the company's ability to generate sales from fixed assets. It is important for the company to monitor this ratio closely to ensure efficient utilization of fixed assets to support revenue growth.

Additionally, the data from September 2023 to December 2024 is not available, which may limit a comprehensive analysis of the company's fixed asset turnover ratio in the most recent periods. It would be beneficial for investors and stakeholders to monitor future financial reports to assess any potential changes in Diamondback Energy Inc's efficiency in leveraging fixed assets for revenue generation.