Liberty Oilfield Services Inc (LBRT)
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 | 4,315,154 | 4,446,540 | 4,523,860 | 4,558,970 | 4,747,930 | 4,898,560 | 4,870,910 | 4,618,539 | 4,149,229 | 3,607,374 | 3,072,851 | 2,711,520 | 2,470,782 | 2,044,633 | 1,538,401 | 1,045,475 | 965,787 | 1,106,172 | 1,473,756 | 1,927,541 |
| Property, plant and equipment | US$ in thousands | 1,891,000 | 1,834,210 | 1,750,980 | 1,694,230 | 1,645,370 | 1,613,440 | 1,546,190 | 1,430,980 | 1,362,360 | 1,295,190 | 1,267,390 | 1,218,960 | 1,199,290 | 1,069,890 | 1,076,900 | 1,105,940 | 1,120,950 | 582,865 | 613,136 | 642,871 |
| Fixed asset turnover | 2.28 | 2.42 | 2.58 | 2.69 | 2.89 | 3.04 | 3.15 | 3.23 | 3.05 | 2.79 | 2.42 | 2.22 | 2.06 | 1.91 | 1.43 | 0.95 | 0.86 | 1.90 | 2.40 | 3.00 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,315,154K ÷ $1,891,000K
= 2.28
Fixed asset turnover is a financial ratio used to assess a company's efficiency in generating revenue from its fixed assets. It indicates the company's ability to utilize its fixed assets effectively to generate sales revenue.
Analyzing the fixed asset turnover of Liberty Oilfield Services Inc from March 31, 2020, to December 31, 2024, indicates fluctuations in the company's efficiency in utilizing its fixed assets.
The fixed asset turnover ratio for Liberty Oilfield Services Inc has shown a decreasing trend initially, starting from 3.00 on March 31, 2020, to a low of 0.86 on December 31, 2020. This indicates a decline in the company's ability to generate revenue from its fixed assets during this period.
However, from March 31, 2021, onwards, the fixed asset turnover ratio started to increase gradually, reaching its peak at 3.23 on March 31, 2023. This suggests an improvement in the company's efficiency in utilizing its fixed assets to generate revenue.
In the later periods (from June 30, 2023 to December 31, 2024), the fixed asset turnover ratio fluctuated between 2.28 and 3.05, indicating some variability in the company's ability to generate revenue from its fixed assets during these quarters.
Overall, the trend in Liberty Oilfield Services Inc's fixed asset turnover ratio demonstrates both periods of decline and improvement in the company's efficiency in utilizing its fixed assets to generate revenue over the analyzed period.
Peer comparison
Dec 31, 2024