Magnolia Oil & Gas Corp (MGY)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,315,890 | 1,226,980 | 1,694,490 | 1,078,350 | 541,303 |
| Property, plant and equipment | US$ in thousands | — | — | 1,533,030 | 1,216,090 | 1,149,530 |
| Fixed asset turnover | — | — | 1.11 | 0.89 | 0.47 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,315,890K ÷ $—K
= —
The fixed asset turnover ratio for Magnolia Oil & Gas Corp has shown an increasing trend over the years, reflecting the company's ability to generate sales from its fixed assets more efficiently. In 2020, the ratio was 0.47, indicating that the company generated $0.47 in sales for every dollar invested in fixed assets. By 2023, the ratio had increased to 1.11, signaling that Magnolia Oil & Gas Corp was able to generate $1.11 in sales for every dollar invested in fixed assets. This improvement suggests that the company has been able to better utilize its fixed assets to generate revenue, potentially through increased operational efficiency or strategic investments. The lack of data for 2023 and 2024 prevents a complete analysis of the trend, but the overall increase in the ratio is a positive indicator of the company's operational performance and efficiency.
Peer comparison
Dec 31, 2024