Liberty Oilfield Services Inc (LBRT)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,315,160 | 4,747,930 | 4,149,230 | 2,470,780 | 965,787 |
| Property, plant and equipment | US$ in thousands | 1,891,000 | 1,645,370 | 1,362,360 | 1,199,290 | 1,120,950 |
| Fixed asset turnover | 2.28 | 2.89 | 3.05 | 2.06 | 0.86 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,315,160K ÷ $1,891,000K
= 2.28
The fixed asset turnover ratio of Liberty Oilfield Services Inc has demonstrated a significant improvement over the years, reflecting the company's enhanced efficiency in utilizing its fixed assets to generate revenue.
In 2020, the fixed asset turnover ratio was 0.86, indicating that the company generated $0.86 in revenue for every dollar invested in fixed assets. However, by the end of 2024, the ratio had increased to 2.28, signifying that Liberty Oilfield Services was able to generate $2.28 in revenue for every dollar of fixed assets.
The substantial increase in the fixed asset turnover ratio suggests that the company has been able to optimize and make better use of its fixed assets, leading to improved operational performance and financial efficiency during the period under review.
Peer comparison
Dec 31, 2024