Par Pacific Holdings Inc (PARR)
Total 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 |
| Total assets | US$ in thousands | 3,829,370 | 3,863,950 | 3,280,650 | 2,570,250 | 2,133,860 |
| Total asset turnover | 2.08 | 2.13 | 2.23 | 1.83 | 1.46 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,974,460K ÷ $3,829,370K
= 2.08
Total asset turnover is a financial ratio that measures how efficiently a company utilizes its assets to generate revenue. In the case of Par Pacific Holdings Inc, we observe a positive trend in the total asset turnover ratio over the years, starting at 1.46 in December 31, 2020, and increasing to 2.08 by December 31, 2024.
This indicates that the company has been able to generate more revenue relative to its total assets as time has progressed. A higher total asset turnover ratio signifies that the company is effectively utilizing its assets to generate sales, which is a positive indicator of operational efficiency.
The significant improvement in the total asset turnover ratio from 2020 to 2024 suggests that Par Pacific Holdings Inc has been successful in optimizing its asset management and operational efficiency, potentially leading to increased profitability and shareholder value. It is essential for the company to sustain this positive trend in total asset turnover to ensure continued financial health and growth.
Peer comparison
Dec 31, 2024