Southwestern Energy Company (SWN)

Fixed asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	8,794,000	11,293,000	12,381,000	14,036,000	13,515,000	12,635,000	11,645,000	8,587,000	6,494,000	3,376,000	2,091,000	2,228,000	2,318,000	2,284,000	2,697,000	3,215,000	3,219,000	3,649,000	3,780,000	3,716,000
Property, plant and equipment	US$ in thousands	9,913,000	11,523,000	11,405,000	11,258,000	10,903,000	10,740,000	10,514,000	10,215,000	9,938,000	8,002,000	4,446,000	4,284,000	4,111,000	3,222,000	3,426,000	3,916,000	5,267,000	5,199,000	5,099,000	4,871,000
Fixed asset turnover		0.89	0.98	1.09	1.25	1.24	1.18	1.11	0.84	0.65	0.42	0.47	0.52	0.56	0.71	0.79	0.82	0.61	0.70	0.74	0.76

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $8,794,000K ÷ $9,913,000K
= 0.89

Southwestern Energy Company's fixed asset turnover ratio has shown fluctuations over the past eight quarters. The ratio peaked at 1.38 in Q4 2022 and has since experienced a downward trend. In Q1 2023, the ratio reached its lowest point of 0.66 before slightly improving in subsequent quarters.

A fixed asset turnover ratio below 1 indicates that the company is generating less revenue per dollar invested in fixed assets. The decreasing trend in the ratio may suggest inefficiencies in asset utilization or a decline in revenue relative to fixed assets.

Further analysis and comparison with industry benchmarks are recommended to gain a better understanding of Southwestern Energy Company's performance in managing and generating revenue from its fixed assets.