Kodiak Gas Services, Inc. (KGS)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	1,159,310	850,381	707,913	606,375	532,420
Property, plant and equipment	US$ in thousands	3,454,470	2,569,810	2,498,510	2,399,610	2,349,230
Fixed asset turnover		0.34	0.33	0.28	0.25	0.23

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,159,310K ÷ $3,454,470K
= 0.34

The fixed asset turnover ratio for Kodiak Gas Services, Inc. demonstrates a consistent upward trend over the analyzed period from December 31, 2020, to December 31, 2024. Specifically, the ratio increased from 0.23 in 2020 to 0.25 in 2021, indicating an initial improvement in the efficiency with which the company's fixed assets generate sales. This upward trajectory continued through 2022, reaching 0.28, which reflects a further enhancement in asset utilization. The ratio increased again in 2023 to 0.33 and maintained a similar level in 2024 at 0.34, underscoring a steady trend of improved efficiency. Overall, the data suggests that Kodiak Gas Services, Inc. has been progressively optimizing its fixed asset base to generate higher sales, potentially involving better asset management, operational efficiencies, or strategic investments that have enhanced the company's productivity relative to its fixed assets.