ProPetro Holding Corp (PUMP)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,444,290 | 1,630,400 | 1,279,700 | 874,514 | 789,232 |
| Property, plant and equipment | US$ in thousands | — | — | 922,735 | 808,903 | 880,477 |
| Fixed asset turnover | — | — | 1.39 | 1.08 | 0.90 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,444,290K ÷ $—K
= —
ProPetro Holding Corp's fixed asset turnover has shown an upward trend over the past few years, increasing from 0.90 in December 31, 2020, to 1.08 in December 31, 2021, and further to 1.39 in December 31, 2022. This indicates that the company is generating more revenue relative to its investment in fixed assets, which is a positive sign of operational efficiency.
However, it is worth noting that the data for December 31, 2023, and December 31, 2024 is not available (denoted by "—"), which makes it challenging to assess the continued trajectory of ProPetro's fixed asset turnover. It is important for investors and analysts to monitor this ratio in future periods to observe any potential deviations from the current trend and to evaluate the company's ability to utilize its fixed assets effectively in generating sales.
Overall, based on the available data, ProPetro Holding Corp has exhibited an improvement in its fixed asset turnover, suggesting efficient utilization of its fixed assets to drive revenue growth.
Peer comparison
Dec 31, 2024