Par Pacific Holdings Inc (PARR)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,974,460 | 8,231,960 | 7,321,780 | 4,710,090 | 3,124,870 |
| Property, plant and equipment | US$ in thousands | — | — | 1,186,600 | 1,240,330 | 1,289,930 |
| Fixed asset turnover | — | — | 6.17 | 3.80 | 2.42 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $7,974,460K ÷ $—K
= —
The fixed asset turnover for Par Pacific Holdings Inc has shown a notable improvement over the years, reflecting the company's ability to generate sales from its fixed assets more efficiently.
In 2020, the fixed asset turnover was 2.42, indicating that the company generated $2.42 in sales for every dollar invested in fixed assets. This ratio improved significantly to 3.80 in 2021 and continued to increase to 6.17 in 2022.
The significant increase in fixed asset turnover suggests that Par Pacific Holdings Inc has been able to make better use of its fixed assets to support higher sales volumes. However, there is no data available for 2023 and 2024, which hinders a full assessment of the trend.
Overall, the improving trend in the fixed asset turnover ratio indicates that the company is becoming more efficient in utilizing its fixed assets to drive revenue growth. It suggests a positive outlook for the company's operational efficiency and asset management capabilities.
Peer comparison
Dec 31, 2024