Permian Resources Corporation (PR)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	5,000,730	3,120,890	2,131,260	1,029,890	580,456
Property, plant and equipment	US$ in thousands	—	—	7,954,190	3,702,200	3,742,670
Fixed asset turnover		—	—	0.27	0.28	0.16

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $5,000,730K ÷ $—K
= —

Fixed asset turnover is a financial ratio that measures how efficiently a company is utilizing its fixed assets to generate revenue. In the case of Permian Resources Corporation, the fixed asset turnover has shown an improvement over the years.

In December 31, 2020, the fixed asset turnover was 0.16, indicating that for every dollar invested in fixed assets, the company generated $0.16 in revenue. This figure increased to 0.28 by December 31, 2021, suggesting that the company's fixed assets were being used more efficiently to generate revenue.

By December 31, 2022, the fixed asset turnover stood at 0.27, showing consistency in utilizing fixed assets effectively to generate revenue. However, there is missing data for December 31, 2023, and December 31, 2024, which makes it challenging to assess the trend accurately during those years.

Overall, the upward trend in fixed asset turnover from 2020 to 2022 indicates an improvement in the company's efficiency in generating revenue from its fixed assets. However, the missing data for the subsequent years prevents a comprehensive analysis of the trend beyond 2022.