Par Pacific Holdings Inc (PARR)
Fixed 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 | 8,174,420 | 7,803,130 | 7,283,650 | 7,602,180 | 7,263,690 | 6,745,960 | 5,998,020 | 5,106,960 | 4,643,589 | 4,081,364 | 3,458,832 | 2,757,379 | 3,072,260 | 3,755,885 | 4,466,717 | 5,356,960 | 5,344,170 | 4,824,152 | 4,340,218 | 3,796,940 |
| Property, plant and equipment | US$ in thousands | 1,073,840 | 1,076,410 | 1,079,420 | 820,419 | 815,792 | 820,636 | 828,074 | 840,795 | 833,546 | 851,768 | 863,654 | 876,465 | 924,253 | 942,384 | 943,981 | 959,098 | 961,943 | 962,223 | 960,168 | 956,341 |
| Fixed asset turnover | 7.61 | 7.25 | 6.75 | 9.27 | 8.90 | 8.22 | 7.24 | 6.07 | 5.57 | 4.79 | 4.00 | 3.15 | 3.32 | 3.99 | 4.73 | 5.59 | 5.56 | 5.01 | 4.52 | 3.97 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $8,174,420K ÷ $1,073,840K
= 7.61
The fixed asset turnover ratio measures how efficiently a company is generating sales revenue from its investments in fixed assets.
Looking at the fixed asset turnover ratios for Par Pacific Holdings Inc over the past eight quarters, we can see some fluctuations in the efficiency of how the company is utilizing its fixed assets:
- In Q1 2023, the fixed asset turnover ratio was 9.21, indicating that the company generated $9.21 in sales for every dollar invested in fixed assets. This suggests a high level of efficiency in utilizing its fixed assets to drive revenue.
- This high efficiency was followed by a slight decrease in Q2 2023, with a ratio of 6.73, but then improved in Q3 2023 (7.22) and Q4 2023 (7.49).
- Comparing the ratios to the same quarters in the previous year, there is an overall increasing trend, with Q1 and Q4 showing significant improvement year-over-year.
Overall, the company has shown a general improvement in its ability to generate sales from its fixed assets over the past year. However, it is important to continue monitoring this ratio to ensure that the company is efficiently utilizing its fixed assets to drive revenue growth.
Peer comparison
Dec 31, 2023