Liberty Oilfield Services Inc (LBRT)
Total 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 |
| Total assets | US$ in thousands | 3,296,390 | 3,033,560 | 2,575,930 | 2,040,660 | 1,889,940 |
| Total asset turnover | 1.31 | 1.57 | 1.61 | 1.21 | 0.51 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,315,160K ÷ $3,296,390K
= 1.31
The total asset turnover ratio for Liberty Oilfield Services Inc has shown a significant improvement over the years. It increased from 0.51 in December 2020 to 1.31 in December 2024, indicating that the company is generating more revenue relative to its total assets. The ratio suggests that Liberty Oilfield Services Inc is utilizing its assets more efficiently to generate sales. The company's ability to generate higher sales from its assets demonstrates operational efficiency and effective asset management. However, there was a slight decline in the ratio from 2023 to 2024, indicating a potential decrease in asset efficiency during that period. Overall, the trend in total asset turnover reflects positive operational improvements for Liberty Oilfield Services Inc.
Peer comparison
Dec 31, 2024