ProPetro Holding Corp (PUMP)
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 | 1,444,286 | 1,471,508 | 1,534,444 | 1,612,672 | 1,630,399 | 1,631,548 | 1,540,758 | 1,420,592 | 1,279,702 | 1,176,847 | 1,093,932 | 995,736 | 874,514 | 782,788 | 666,399 | 555,621 | 828,956 | 1,109,405 | 1,517,542 | 1,940,927 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 1,044,310 | 1,001,110 | 941,200 | 922,735 | 841,513 | 807,268 | 831,625 | 808,903 | 854,414 | 848,074 | 866,050 | 880,477 | 936,283 | 979,600 | 1,019,580 |
| Fixed asset turnover | — | — | — | — | — | 1.56 | 1.54 | 1.51 | 1.39 | 1.40 | 1.36 | 1.20 | 1.08 | 0.92 | 0.79 | 0.64 | 0.94 | 1.18 | 1.55 | 1.90 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,444,286K ÷ $—K
= —
ProPetro Holding Corp's fixed asset turnover has fluctuated over the years, indicating varying efficiency in utilizing its fixed assets to generate revenue. In March 2020, the fixed asset turnover was 1.90, showing that the company generated $1.90 in revenue for every dollar invested in fixed assets. The ratio decreased to 0.64 by March 2021, indicating a significant decline in asset utilization efficiency.
Subsequently, there was a gradual improvement in the fixed asset turnover ratio, reaching 1.40 by September 2022. This suggests that the company was becoming more efficient in generating revenue from its fixed assets. However, the ratio dipped slightly to 1.08 by December 2022 before rising to 1.56 by September 2023.
Notably, from December 2023 onwards, there is no data provided for the fixed asset turnover ratio. This lack of data makes it challenging to assess the trend and efficiency of utilizing fixed assets in generating revenue for the company during that period.
Overall, the trend in ProPetro Holding Corp's fixed asset turnover ratio indicates some fluctuations in asset utilization efficiency, with periods of improvement and decline. Tracking this ratio over time can provide insights into the company's operational performance and efficiency in managing its fixed assets effectively.
Peer comparison
Dec 31, 2024