Southwestern Energy Company (SWN)

Total 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
Total assets	US$ in thousands	11,991,000	12,973,000	13,001,000	12,937,000	12,926,000	13,104,000	12,932,000	11,847,000	11,848,000	9,241,000	5,394,000	5,247,000	5,160,000	4,157,000	4,555,000	5,275,000	6,717,000	6,598,000	6,545,000	6,446,000
Total asset turnover		0.73	0.87	0.95	1.08	1.05	0.96	0.90	0.72	0.55	0.37	0.39	0.42	0.45	0.55	0.59	0.61	0.48	0.55	0.58	0.58

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $8,794,000K ÷ $11,991,000K
= 0.73

Southwestern Energy Company's total asset turnover has shown fluctuations over the past eight quarters, ranging from 0.54 to 1.16. A decreasing trend is observed from Q1 2022 to Q3 2023, indicating that the company is generating less revenue per dollar of assets. However, in Q4 2023, the total asset turnover increased to 0.54, suggesting a potential improvement in the utilization of assets to generate revenue. It is important to monitor this ratio to assess the company's efficiency in utilizing its assets effectively to drive revenue growth.