Hess Corporation (HES)

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	12,843,000	12,713,000	12,322,000	11,409,000	10,511,000	10,434,000	10,756,000	11,422,000	11,324,000	10,627,000	9,264,000	7,888,000	7,473,000	6,557,000	5,957,000	5,211,000	4,667,000	5,029,000	5,450,000	6,277,000
Property, plant and equipment	US$ in thousands	—	—	—	—	—	17,015,000	16,373,000	15,412,000	15,828,000	15,092,000	15,400,000	14,489,000	14,678,000	14,468,000	14,185,000	13,863,000	14,115,000	14,235,000	14,825,000	14,811,000
Fixed asset turnover		—	—	—	—	—	0.61	0.66	0.74	0.72	0.70	0.60	0.54	0.51	0.45	0.42	0.38	0.33	0.35	0.37	0.42

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $12,843,000K ÷ $—K
= —

The fixed asset turnover ratio for Hess Corporation has shown a declining trend from March 31, 2020, to June 30, 2021, fluctuating between 0.42 and 0.33. This indicates that the company was generating less revenue relative to its investment in fixed assets during that period.

However, there was a notable improvement in the fixed asset turnover ratio starting from September 30, 2021, through March 31, 2024. The ratio increased steadily from 0.45 in September 2021 to its peak of 0.74 by March 31, 2023, suggesting that the company was able to generate more revenue per dollar invested in fixed assets. This improvement signifies improved efficiency in utilizing fixed assets to generate sales.

From March 31, 2024, to December 31, 2024, the data indicates a lack of specific values, making it challenging to provide a comprehensive analysis of the fixed asset turnover ratio for that period. It would be necessary to obtain additional information to understand the performance trend during this time.