Par Pacific Holdings Inc (PARR)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,174,410 | 7,264,530 | 4,643,600 | 3,054,650 | 5,326,680 |
| Total assets | US$ in thousands | 3,863,950 | 3,280,650 | 2,570,250 | 2,133,860 | 2,700,560 |
| Total asset turnover | 2.12 | 2.21 | 1.81 | 1.43 | 1.97 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $8,174,410K ÷ $3,863,950K
= 2.12
The total asset turnover ratio for Par Pacific Holdings Inc has fluctuated over the past five years. It increased from 2.00 in 2019 to 2.23 in 2022, indicating that the company generated $2.23 in sales for every $1 of assets it held in 2022. However, the ratio then decreased to 2.13 in 2023. Overall, the company has shown a strong ability to generate sales relative to its assets, with the ratio consistently above 1.0 in the past five years. This indicates efficient utilization of assets to generate revenue.
Peer comparison
Dec 31, 2023
Company name
Symbol
Total asset turnover
Par Pacific Holdings Inc
PARR
2.12
Antero Resources Corp
AR
0.33
APA Corporation
APA
0.49
Atlas Energy Solutions Inc.
AESI
0.52
California Resources Corp
CRC
0.45
Chord Energy Corp
CHRD
0.56
Civitas Resources Inc
CIVI
0.35
CNX Resources Corp
CNX
0.15
Comstock Resources Inc
CRK
0.25
Coterra Energy Inc
CTRA
0.25
Crescent Energy Co
CRGY
0.36