SM Energy Co (SM)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,671,280 | 2,373,890 | 3,345,910 | 2,597,920 | 1,126,580 |
| Property, plant and equipment | US$ in thousands | — | — | 4,882,780 | 4,576,000 | 4,701,870 |
| Fixed asset turnover | — | — | 0.69 | 0.57 | 0.24 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,671,280K ÷ $—K
= —
The fixed asset turnover ratio of SM Energy Co has shown a significant improvement over the years. In December 31, 2020, the ratio was 0.24, indicating that the company generated $0.24 in revenue for each dollar of fixed assets. By December 31, 2024, the ratio had increased to an impressive 0.69. This suggests that the company has been able to generate more revenue per dollar of fixed assets invested, reflecting improved efficiency in utilizing its fixed assets to generate sales. However, the data for 2023 is missing, so it is unclear how the ratio evolved that specific year. Overall, the trend in the fixed asset turnover ratio indicates that SM Energy Co has been able to enhance its operational efficiency and productivity over the years.
Peer comparison
Dec 31, 2024