Northern Oil & Gas Inc (NOG)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,163,760 | 1,907,010 | 1,985,800 | 975,092 | 324,069 |
| Property, plant and equipment | US$ in thousands | — | — | 2,482,930 | 1,253,340 | 735,204 |
| Fixed asset turnover | — | — | 0.80 | 0.78 | 0.44 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,163,760K ÷ $—K
= —
Northern Oil & Gas Inc's fixed asset turnover has shown an increasing trend over the years, rising from 0.44 in December 31, 2020, to 0.78 in December 31, 2021, and further to 0.80 in December 31, 2022. This indicates that the company is generating more revenue relative to its investment in fixed assets. However, the data for December 31, 2023, and December 31, 2024, are unavailable, making it difficult to assess the recent performance. Overall, the improvement in the fixed asset turnover ratio suggests that Northern Oil & Gas Inc has been utilizing its fixed assets more efficiently to generate sales revenue.
Peer comparison
Dec 31, 2024