Par Pacific Holdings Inc (PARR)

Total asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	7,974,460	8,325,750	8,761,130	8,527,590	8,231,960	7,857,330	7,334,300	7,656,700	7,321,780	6,806,420	6,060,510	5,171,700	4,710,090	4,132,075	3,511,686	2,809,467	3,124,867	3,808,492	4,520,151	5,414,260
Total assets	US$ in thousands	3,829,370	3,853,280	3,936,950	3,771,680	3,863,950	3,888,750	3,609,970	3,327,430	3,280,650	3,107,100	3,245,340	2,920,440	2,570,250	2,521,000	2,524,380	2,502,470	2,133,860	2,272,410	2,224,800	2,140,920
Total asset turnover		2.08	2.16	2.23	2.26	2.13	2.02	2.03	2.30	2.23	2.19	1.87	1.77	1.83	1.64	1.39	1.12	1.46	1.68	2.03	2.53

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,974,460K ÷ $3,829,370K
= 2.08

The total asset turnover ratio for Par Pacific Holdings Inc has shown fluctuating trends over the period analyzed. It decreased from 2.53 as of March 31, 2020, to 1.12 as of March 31, 2021. This significant drop may indicate a decrease in the company's efficiency in generating sales revenue from its total assets during this period. Subsequently, there was a gradual increase in the ratio, reaching a peak of 2.30 as of March 31, 2023, reflecting a potential improvement in asset utilization and revenue generation efficiency.

However, the ratio declined slightly in the following periods but generally remained above 2, indicating that the company was able to generate more sales relative to its total assets invested. The fluctuations observed in the total asset turnover ratio suggest changes in the company's operational efficiency and effectiveness in utilizing its assets to generate revenue. Further analysis of the underlying reasons for these fluctuations would provide more insights into the company's overall financial performance and operational strategies.