Permian Resources Corporation (PR)
Total 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 |
| Total assets | US$ in thousands | 16,897,900 | 14,965,600 | 8,492,590 | 3,804,590 | 3,827,420 |
| Total asset turnover | 0.30 | 0.21 | 0.25 | 0.27 | 0.15 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,000,730K ÷ $16,897,900K
= 0.30
Permian Resources Corporation's total asset turnover has shown fluctuations over the past five years. The ratio increased from 0.15 in 2020 to 0.27 in 2021, indicating that the company generated $0.27 in revenue for every dollar of assets held in 2021. However, in 2022, the total asset turnover dropped to 0.25 before declining further to 0.21 in 2023.
The ratio then improved to 0.30 by the end of 2024, suggesting that the company was able to generate more revenue relative to its total assets compared to the previous year. Despite the fluctuations, it is important for Permian Resources Corporation to closely monitor and manage its asset utilization efficiency to ensure optimal performance and profitability in the future.
Peer comparison
Dec 31, 2024