Range Resources Corp (RRC)

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	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
Total assets	US$ in thousands	7,347,680	7,241,300	7,266,220	7,371,800	7,203,880	6,845,940	6,790,170	6,882,270	6,625,560	6,919,780	6,615,100	6,560,280	6,660,510	6,304,190	6,229,430	6,174,660	6,136,940	6,012,900	6,452,210	6,589,640
Total asset turnover		0.33	0.38	0.38	0.38	0.47	0.59	0.67	0.75	0.63	0.59	0.50	0.38	0.44	0.31	0.31	0.31	0.32	0.33	0.36	0.42

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,417,084K ÷ $7,347,680K
= 0.33

Range Resources Corp's total asset turnover has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio started at 0.42 as of March 31, 2020, indicating that for every dollar of total assets, the company generated $0.42 in revenue.

The total asset turnover decreased to 0.31 by March 31, 2021, and remained relatively stable around this level until June 30, 2022. From September 30, 2022, the total asset turnover started to increase steadily, reaching 0.63 by December 31, 2022. This improvement continued until March 31, 2023, where the ratio peaked at 0.75.

However, the total asset turnover declined to 0.47 by December 31, 2023, and further decreased to 0.33 by December 31, 2024. This indicates that the company's efficiency in generating revenue from its total assets fluctuated over the period, with a notable drop towards the end of the analyzed timeframe. It is essential for Range Resources Corp to assess the reasons behind these fluctuations and take necessary steps to improve its operational efficiency and utilization of assets.