PBF Energy Inc (PBF)
Total 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 |
| Total assets | US$ in thousands | 12,703,200 | 14,387,800 | 13,549,100 | 11,641,400 | 10,499,800 |
| Total asset turnover | 2.61 | 2.66 | 3.43 | 2.32 | 1.46 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $33,117,900K ÷ $12,703,200K
= 2.61
PBF Energy Inc's total asset turnover has shown an increasing trend over the past five years. Starting at 1.46 in December 31, 2020, it increased to 2.32 by December 31, 2021, and further to 3.43 by December 31, 2022, indicating that the company is generating more revenue relative to its total assets.
However, there was a slight decrease in total asset turnover to 2.66 by December 31, 2023, and a further decline to 2.61 by December 31, 2024. Despite the recent decrease, the ratios still remain relatively high, suggesting that PBF Energy Inc is effectively utilizing its assets to generate sales.
Overall, the fluctuation in total asset turnover indicates that the company's efficiency in generating revenue from its assets has been strong, although the recent decline might be a point of concern that warrants further analysis.
Peer comparison
Dec 31, 2024