Permian Resources Corporation (PR)

Total asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	3,057,913	2,469,675	2,605,710	2,421,325	1,991,938	1,668,516	1,195,238	912,722	831,791	599,221	499,783	546,233	590,570	724,432	810,256	855,473	885,921	861,059	864,502	861,091
Total assets	US$ in thousands	14,965,600	9,209,800	8,926,320	8,723,160	8,492,590	8,609,630	4,224,030	3,958,530	3,804,590	3,882,340	3,874,350	3,848,320	3,827,420	3,923,040	4,020,890	4,106,250	4,688,290	4,646,130	4,535,330	4,478,550
Total asset turnover		0.20	0.27	0.29	0.28	0.23	0.19	0.28	0.23	0.22	0.15	0.13	0.14	0.15	0.18	0.20	0.21	0.19	0.19	0.19	0.19

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,057,913K ÷ $14,965,600K
= 0.20

Permian Resources Corp's total asset turnover has been fluctuating over the past eight quarters, ranging from 0.20 to 0.34. The total asset turnover ratio measures the efficiency with which the company generates revenue from its assets.

In Q4 2023, the total asset turnover ratio decreased to 0.21, indicating that the company generated $0.21 in revenue for every dollar of assets during the quarter. This represents a decrease from the previous quarter (Q3 2023) where the ratio was 0.30.

The decreasing trend from Q2 2023 (0.29) to Q4 2023 (0.21) suggests that Permian Resources Corp may be experiencing challenges in efficiently utilizing its assets to generate revenue. It is important for the company to closely monitor and improve its asset utilization to ensure sustainable growth and profitability.

Overall, the variability in total asset turnover ratios highlights the need for Permian Resources Corp to focus on optimizing its asset management strategies to enhance operational efficiency and financial performance.