PBF Energy Inc (PBF)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 33,117,900 | 38,256,600 | 46,517,300 | 27,018,800 | 15,313,300 |
| Property, plant and equipment | US$ in thousands | 5,067,700 | 4,978,100 | 5,361,000 | 4,902,200 | 4,843,300 |
| Fixed asset turnover | 6.54 | 7.68 | 8.68 | 5.51 | 3.16 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $33,117,900K ÷ $5,067,700K
= 6.54
Fixed asset turnover is a financial ratio that measures a company's ability to generate revenue from its fixed assets. In the case of PBF Energy Inc, the trend in fixed asset turnover has been positive over the last five years.
Starting at 3.16 in December 31, 2020, the fixed asset turnover increased to 5.51 by December 31, 2021, indicating a significant improvement in utilizing fixed assets to generate sales. This upward trend continued in the following years, with the ratio reaching 8.68 by December 31, 2022, reflecting an even more efficient utilization of fixed assets.
Although there was a slight decrease in fixed asset turnover to 7.68 by December 31, 2023, and further to 6.54 by December 31, 2024, the ratio remained relatively high, indicating that PBF Energy Inc continued to generate revenue efficiently from its fixed assets, albeit at a slightly slower pace.
Overall, the trend in fixed asset turnover for PBF Energy Inc demonstrates an improving efficiency in utilizing fixed assets to generate revenue over the analyzed period, with the company showing strong performance in this aspect.
Peer comparison
Dec 31, 2024