Range Resources Corp (RRC)
Total 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 |
| Total assets | US$ in thousands | 7,347,680 | 7,203,880 | 6,625,560 | 6,660,510 | 6,136,940 |
| Total asset turnover | 0.33 | 0.47 | 0.63 | 0.44 | 0.32 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,417,080K ÷ $7,347,680K
= 0.33
Range Resources Corp's total asset turnover has been fluctuating over the past five years. The ratio has shown an increasing trend from 0.32 in 2020 to 0.63 in 2022, indicating that the company generated $0.63 in revenue for every dollar of assets it owns in 2022. However, there was a decline in total asset turnover to 0.47 in 2023, followed by a further decrease to 0.33 in 2024.
This downward trend suggests that Range Resources Corp may be experiencing challenges in efficiently utilizing its assets to generate revenue. It is important for the company to closely monitor and improve this ratio in order to optimize asset utilization and potentially enhance financial performance.
Peer comparison
Dec 31, 2024