PBF Energy Inc (PBF)

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 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
Total assets US$ in thousands 12,703,200 13,130,700 14,076,100 13,808,200 14,387,800 14,692,800 14,034,200 13,139,100 13,549,100 13,304,300 13,975,700 12,948,300 11,641,400 11,844,200 11,654,200 11,270,100 10,499,800 10,191,300 10,073,300 9,134,100
Total asset turnover 2.61 2.65 2.64 2.72 2.66 2.72 2.98 3.56 3.43 3.30 2.75 2.41 2.32 1.89 1.62 1.33 1.46 1.77 2.07 2.68

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $33,117,900K ÷ $12,703,200K
= 2.61

Total asset turnover is a financial ratio that measures a company's ability to generate sales from its assets. The ratio is calculated by dividing a company's total revenue by its average total assets.

Analyzing PBF Energy Inc's total asset turnover over the past few years, we can see that the ratio has fluctuated significantly. In March 2020, the total asset turnover was 2.68, indicating that the company generated $2.68 in sales for every $1 of assets. However, the ratio declined to 1.46 by December 2020, showing a decrease in efficiency in utilizing assets to generate revenue.

From March 2021 to September 2022, the total asset turnover ratio gradually increased, reaching its peak of 3.43 by December 2022. This upward trend suggests that PBF Energy Inc became more efficient in utilizing its assets to generate sales during this period.

However, from March 2023 onwards, the total asset turnover ratio started to decline but remained relatively stable around 2.5 on average until December 2024. This stabilization could indicate that the company has found a balance in utilizing its assets to generate revenue efficiently.

Overall, fluctuations in the total asset turnover ratio of PBF Energy Inc suggest changes in the company's efficiency in generating sales from its assets over the years. Investors and stakeholders may want to further investigate the factors driving these fluctuations to gain a better understanding of the company's operational efficiency and performance.