Matador Resources Company (MTDR)

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	3,504,981	3,370,744	3,243,255	3,034,202	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
Total assets	US$ in thousands	10,850,100	10,623,300	8,518,390	8,227,330	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
Total asset turnover		0.32	0.32	0.38	0.37	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

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,504,981K ÷ $10,850,100K
= 0.32

The total asset turnover of Matador Resources Company has shown fluctuating trends over the past few years, starting at 0.27 in March 2020 and reaching its peak at 0.55 in December 2022. The ratio indicates how efficiently the company is utilizing its assets to generate revenue, with a higher number typically considered more favorable. However, it decreased to 0.32 by the end of December 2024. This suggests that, although the company experienced periods of improved asset turnover efficiency, there were also times when it struggled to generate revenue relative to its asset base. It would be important for the company to further analyze the factors contributing to these fluctuations in order to make informed decisions for operational improvements and asset utilization strategies.