Range Resources Corp (RRC)

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	2,417,084	2,731,802	2,726,493	2,833,427	3,374,418	4,063,441	4,564,257	5,152,420	4,146,796	4,083,246	3,275,345	2,484,927	2,930,223	1,962,279	1,958,985	1,900,809	1,968,697	1,975,415	2,298,515	2,773,398
Property, plant and equipment	US$ in thousands	2,465	2,084	2,167	2,363	1,696	1,562	1,732	2,087	2,434	2,732	3,010	3,100	3,494	3,433	3,826	4,137	4,161	4,429	3,723	5,394
Fixed asset turnover		980.56	1,310.85	1,258.19	1,199.08	1,989.63	2,601.43	2,635.25	2,468.82	1,703.70	1,494.60	1,088.15	801.59	838.64	571.59	512.02	459.47	473.13	446.02	617.38	514.16

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,417,084K ÷ $2,465K
= 980.56

Range Resources Corp's fixed asset turnover has fluctuated over the period from March 31, 2020, to December 31, 2024. The company's fixed asset turnover ratio indicates how efficiently the company is generating revenue from its fixed assets.

Initially, the fixed asset turnover ratio was relatively high, starting at 514.16 on March 31, 2020, and peaking at 2,468.82 on March 31, 2023. This suggests that the company was able to generate a significant amount of revenue relative to its investment in fixed assets during this period.

However, the ratio experienced a decline and volatility in the subsequent quarters, dropping to 980.56 by December 31, 2024. This downward trend may indicate challenges in efficiently utilizing fixed assets to generate revenue or changes in the company's asset base.

Overall, the trend in the fixed asset turnover ratio for Range Resources Corp highlights the importance of regularly assessing and optimizing the utilization of fixed assets to ensure continued operational efficiency and financial performance.