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.
Peer comparison
Dec 31, 2024