ProPetro Holding Corp (PUMP)
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 | 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 |
| Total assets | US$ in thousands | 1,223,640 | 1,280,210 | 1,512,330 | 1,534,260 | 1,480,310 | 1,472,220 | 1,433,380 | 1,394,150 | 1,335,790 | 1,143,610 | 1,067,620 | 1,084,450 | 1,061,240 | 1,098,750 | 1,066,790 | 1,044,780 | 1,050,740 | 1,096,140 | 1,093,600 | 1,436,110 |
| Total asset turnover | 1.18 | 1.15 | 1.01 | 1.05 | 1.10 | 1.11 | 1.07 | 1.02 | 0.96 | 1.03 | 1.02 | 0.92 | 0.82 | 0.71 | 0.62 | 0.53 | 0.79 | 1.01 | 1.39 | 1.35 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,444,286K ÷ $1,223,640K
= 1.18
ProPetro Holding Corp's total asset turnover has shown some fluctuations over the years based on the provided data. The total asset turnover ratio measures the company's efficiency in generating sales revenue from its total assets.
From March 31, 2020, to June 30, 2020, the total asset turnover increased from 1.35 to 1.39, indicating that the company was able to generate more sales from its assets during this period. However, there was a decrease in performance in the subsequent quarters, with the ratio dropping to 0.79 by December 31, 2020. This significant decline may suggest inefficiencies in asset utilization or a slowdown in sales relative to the size of its asset base.
The ratio continued to decrease until March 31, 2021, reaching its lowest point at 0.53. This could indicate a period of operational challenges or underperformance. However, from March 31, 2021, the total asset turnover started to recover gradually, reaching 1.18 by December 31, 2024.
Overall, the trend in total asset turnover for ProPetro Holding Corp indicates fluctuations in the company's ability to efficiently generate sales from its total assets. Investors and stakeholders should continue monitoring this ratio to assess the company's operational efficiency and asset utilization in the future.
Peer comparison
Dec 31, 2024