Liberty Oilfield Services Inc (LBRT)
Total 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 |
| Total assets | US$ in thousands | 3,296,390 | 3,272,880 | 3,241,360 | 3,097,620 | 3,033,560 | 3,089,120 | 2,924,500 | 2,760,620 | 2,575,930 | 2,525,160 | 2,335,130 | 2,190,880 | 2,040,660 | 1,966,090 | 1,975,130 | 1,916,780 | 1,889,940 | 1,058,750 | 1,051,120 | 1,298,550 |
| Total asset turnover | 1.31 | 1.36 | 1.40 | 1.47 | 1.57 | 1.59 | 1.67 | 1.67 | 1.61 | 1.43 | 1.32 | 1.24 | 1.21 | 1.04 | 0.78 | 0.55 | 0.51 | 1.04 | 1.40 | 1.48 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,315,154K ÷ $3,296,390K
= 1.31
Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its total assets. It indicates how well a company is utilizing its assets to generate revenue. A higher total asset turnover ratio typically indicates better asset utilization and efficiency.
For Liberty Oilfield Services Inc, the total asset turnover ratio has fluctuated over the reported periods. It was relatively stable around 1.40 to 1.50 from March 2020 to June 2023, indicating a consistent level of asset efficiency in generating revenue. There was a notable decrease in the ratio from December 2020 to March 2021, which might suggest a temporary decline in asset efficiency during that period.
From June 2023 to December 2024, the total asset turnover ratio showed a declining trend, dropping from 1.67 to 1.31. This decline could indicate potential challenges in effectively utilizing assets to generate revenue during those periods. However, it is important to note that the ratio remained above 1.0 throughout the entire period, indicating that Liberty Oilfield Services Inc was still generating more revenue relative to its total assets.
Overall, fluctuations in the total asset turnover ratio for Liberty Oilfield Services Inc suggest varying levels of efficiency in utilizing assets to generate revenue over time. Monitoring this ratio can provide insights into the company's operational performance and asset management strategies.
Peer comparison
Dec 31, 2024