Permian Resources Corporation (PR)

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	5,000,730	4,827,340	4,370,311	3,747,629	3,120,897	2,759,763	2,551,000	2,400,256	2,131,265	1,686,128	1,424,855	1,184,778	1,029,892	861,550	722,146	580,078	580,456	688,771	768,800	922,530
Property, plant and equipment	US$ in thousands	—	—	—	—	—	8,560,490	8,334,180	8,132,570	7,954,190	8,051,970	3,840,490	3,741,780	3,702,200	3,754,990	3,756,600	—	—	—	—	—
Fixed asset turnover		—	—	—	—	—	0.32	0.31	0.30	0.27	0.21	0.37	0.32	0.28	0.23	0.19	—	—	—	—	—

December 31, 2024 calculation

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

The fixed asset turnover ratio for Permian Resources Corporation has shown some fluctuations over the period from March 31, 2021, to December 31, 2024. The ratio, which measures how efficiently the company is generating revenue from its fixed assets, started at 0.19 on June 30, 2021, indicating that the company generated $0.19 in revenue for every $1 of fixed assets.

The ratio improved steadily over the next few quarters, reaching its peak at 0.37 on June 30, 2022, showing improved efficiency in utilizing its fixed assets to generate revenue. However, the ratio dipped to 0.21 on September 30, 2022, before recovering to 0.32 by March 31, 2023.

From there, the ratio remained relatively stable, hovering around 0.30 to 0.32 from March 31, 2023, to September 30, 2023, indicating a sustained level of efficiency in utilizing fixed assets. The ratio then decreased slightly to 0.27 on December 31, 2023, before increasing to 0.31 on June 30, 2023.

The data shows that the fixed asset turnover ratio declined over the later periods of 2023 and early 2024, with the ratio being missing for the latter half of 2024. Overall, the company demonstrated varying levels of efficiency in generating revenue from its fixed assets during the period, with improvements in some quarters and fluctuations in others.