ProPetro Holding Corp (PUMP)
Total 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 |
| Total assets | US$ in thousands | 1,223,640 | 1,480,310 | 1,335,790 | 1,061,240 | 1,050,740 |
| Total asset turnover | 1.18 | 1.10 | 0.96 | 0.82 | 0.75 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,444,290K ÷ $1,223,640K
= 1.18
ProPetro Holding Corp's total asset turnover has shown a steady improvement over the past five years, increasing from 0.75 in December 31, 2020, to 1.18 in December 31, 2024. This indicates that the company has become more efficient in generating revenue relative to its total assets. A rising total asset turnover ratio suggests that ProPetro Holding Corp is utilizing its assets more effectively to generate sales, which can be a positive sign of operational efficiency and productivity. The trend suggests that the company is managing its assets efficiently and effectively to drive revenue growth.
Peer comparison
Dec 31, 2024