PBF Energy Inc (PBF)
Fixed 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 | 33,117,900 | 34,844,200 | 37,188,300 | 37,613,300 | 38,256,600 | 39,942,800 | 41,879,800 | 46,732,000 | 46,517,300 | 43,892,800 | 38,415,600 | 31,236,900 | 27,018,800 | 22,417,400 | 18,848,000 | 14,952,300 | 15,313,300 | 17,992,600 | 20,860,300 | 24,498,100 |
| Property, plant and equipment | US$ in thousands | 5,067,700 | 5,015,100 | 4,996,600 | 4,993,600 | 4,978,100 | 4,922,000 | 4,908,500 | 5,516,800 | 5,361,000 | 5,132,600 | 5,009,300 | 4,955,200 | 4,902,200 | 4,846,100 | 4,834,800 | 4,828,600 | 4,843,300 | 4,957,700 | 4,988,700 | 4,995,300 |
| Fixed asset turnover | 6.54 | 6.95 | 7.44 | 7.53 | 7.68 | 8.12 | 8.53 | 8.47 | 8.68 | 8.55 | 7.67 | 6.30 | 5.51 | 4.63 | 3.90 | 3.10 | 3.16 | 3.63 | 4.18 | 4.90 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $33,117,900K ÷ $5,067,700K
= 6.54
The fixed asset turnover ratio measures a company's efficiency in generating sales revenue from its investment in fixed assets. A higher ratio indicates that the company is utilizing its fixed assets more efficiently to generate sales.
In the case of PBF Energy Inc, the fixed asset turnover has shown a fluctuating trend over the reported periods. The ratio was relatively high at 4.90 as of March 31, 2020, indicating that the company generated $4.90 in sales for every dollar invested in fixed assets. However, the ratio experienced a decline to 3.16 by December 31, 2020, suggesting a possible decrease in sales generated by the fixed assets.
Subsequently, the fixed asset turnover ratio exhibited a mixed trend, with fluctuations in the range of 3.10 to 8.68 up to December 31, 2024. The ratio improved significantly from the lowest point to reach 8.68 by December 31, 2022, indicating a notable increase in sales generated by the fixed assets.
Overall, PBF Energy Inc has shown a varying performance in utilizing its fixed assets efficiently to generate sales revenue. The company experienced fluctuations in the fixed asset turnover ratio over the reported periods, with some improvements in efficiency observed in certain quarters. It is essential for stakeholders to closely monitor this ratio to assess the company's management of its fixed assets and its effectiveness in generating sales.
Peer comparison
Dec 31, 2024