Diamondback Energy Inc (FANG)

Total 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
Total assets	US$ in thousands	67,292,000	65,747,000	35,637,000	29,690,000	29,001,000	28,049,000	27,587,000	27,589,000	26,209,000	23,843,000	23,448,000	23,331,000	22,898,000	22,639,000	17,619,000	21,996,000	17,619,000	18,760,000	20,337,000	23,386,000
Total asset turnover		0.16	0.15	0.26	0.29	0.29	0.29	0.30	0.33	0.37	0.40	0.39	0.34	0.30	0.24	0.25	0.14	0.16	0.17	0.17	0.17

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $11,051,000K ÷ $67,292,000K
= 0.16

Total asset turnover for Diamondback Energy Inc has fluctuated over the years, starting at 0.17 in March 2020, declining to 0.14 in March 2021, and then steadily increasing to reach a peak of 0.40 by September 2022. Subsequently, the ratio decreased slightly to 0.29 by December 2024.

This metric indicates that, on average, the company generates $0.29 in revenue for every dollar of assets it holds. The higher the turnover ratio, the more efficiently the company is utilizing its assets to generate sales. Overall, Diamondback Energy Inc has shown variability in its total asset turnover but has managed to improve its asset utilization efficiency over the years.