Permian Resources Corporation (PR)

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	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
Total assets	US$ in thousands	16,897,900	16,615,600	15,408,700	15,081,300	15,070,700	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
Total asset turnover		0.30	0.29	0.28	0.25	0.21	0.30	0.29	0.28	0.25	0.20	0.34	0.30	0.27	0.22	0.19	0.15	0.15	0.18	0.19	0.22

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,000,730K ÷ $16,897,900K
= 0.30

Permian Resources Corporation's total asset turnover has shown fluctuations over the analyzed period. The company's total asset turnover ratio ranged from a low of 0.15 to a high of 0.34. Initially, the ratio decreased from 0.22 in March 2020 to 0.15 in December 2020, indicating a decline in the efficiency of generating sales from total assets. However, there was a gradual improvement in the ratio from March 2021 to June 2022, reaching a peak of 0.34. This suggests that the company was able to generate more revenue relative to its total assets during this period.

Subsequently, there was a decrease in the total asset turnover ratio in the following quarters, with some periods showing levels similar to the initial low points. Overall, the total asset turnover ratio for Permian Resources Corporation exhibited some volatility but generally trended upwards by the end of the analyzed period in December 2024. This indicates improved efficiency in utilizing its total assets to generate sales over time.