Range Resources Corp (RRC)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,417,080 | 3,374,870 | 4,146,800 | 2,930,220 | 1,968,700 |
| Property, plant and equipment | US$ in thousands | 2,465 | 1,696 | 2,434 | 3,494 | 4,161 |
| Fixed asset turnover | 980.56 | 1,989.90 | 1,703.70 | 838.64 | 473.13 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,417,080K ÷ $2,465K
= 980.56
Range Resources Corp's fixed asset turnover has shown a significant improvement over the years, indicating the company's ability to generate more revenue from its fixed assets. The ratio has increased from 473.13 in December 2020 to 980.56 in December 2024. This suggests that the company became more efficient in utilizing its fixed assets to generate sales.
The substantial rise in fixed asset turnover from 2020 to 2024 reflects Range Resources Corp's effective management of its assets and operations, resulting in a higher level of productivity and revenue generation. This improvement may be attributed to various factors such as increased operational efficiency, better asset utilization, and strategic capital investment decisions.
Overall, the trend in fixed asset turnover for Range Resources Corp demonstrates the company's ability to optimize its fixed asset base and generate more sales from its investment in property, plant, and equipment. This efficiency in asset utilization is a positive indicator of the company's operational performance and financial health over the specified period.
Peer comparison
Dec 31, 2024