Matador Resources Company (MTDR)

Total asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	2,806,785	2,678,128	2,746,762	3,052,609	3,058,025	2,916,908	2,548,331	1,961,828	1,662,981	1,320,858	1,051,893	757,386	862,126	926,566	1,002,582	1,181,366	983,670	984,869	912,645	882,308
Total assets	US$ in thousands	7,727,000	7,439,160	7,132,340	5,782,100	5,554,500	5,305,150	4,963,880	4,567,330	4,262,150	3,985,490	3,834,550	3,738,880	3,687,280	3,786,230	4,001,130	4,333,670	4,069,680	3,936,640	3,751,450	3,583,300
Total asset turnover		0.36	0.36	0.39	0.53	0.55	0.55	0.51	0.43	0.39	0.33	0.27	0.20	0.23	0.24	0.25	0.27	0.24	0.25	0.24	0.25

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,806,785K ÷ $7,727,000K
= 0.36

The total asset turnover ratio for Matador Resources Co has shown a declining trend over the past four quarters from Q4 2022 to Q1 2023, decreasing from 0.52 to 0.33. This indicates that the company generated less revenue relative to its total assets during this period. However, there was a slight uptick in Q2 2023 to 0.36, suggesting a modest improvement in efficiency in utilizing its assets to generate revenue.

It is important to note that the total asset turnover ratio fluctuated throughout the period, with the highest ratio of 0.56 recorded in Q3 2022 and the lowest of 0.33 in Q4 2023. These fluctuations may indicate varying levels of operational efficiency and asset utilization by the company throughout the year.

Overall, the decreasing trend in total asset turnover suggests that Matador Resources Co may need to assess and optimize its asset management strategies to improve revenue generation efficiency and maximize returns on its total assets in the future.