Talos Energy (TALO)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,457,890 | 1,651,980 | 1,244,540 | 575,936 | 908,064 |
| Total assets | US$ in thousands | 4,816,310 | 3,058,630 | 2,766,820 | 2,834,550 | 2,589,480 |
| Total asset turnover | 0.30 | 0.54 | 0.45 | 0.20 | 0.35 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,457,890K ÷ $4,816,310K
= 0.30
Total asset turnover measures the efficiency with which Talos Energy Inc generates revenue from its total assets. A higher ratio indicates better asset utilization.
In the last five years, Talos Energy's total asset turnover has fluctuated. In 2023, the ratio was 0.30, reflecting a decrease from the previous year's 0.54. This suggests a decline in the company's ability to generate revenue relative to its total assets.
Comparing to 2021 and 2020, the total asset turnover was higher in 2022, indicating improved efficiency in asset utilization. However, in 2020, the ratio was relatively low at 0.21, implying that the company struggled to generate revenue from its assets efficiently that year.
Overall, the trend in the total asset turnover ratio for Talos Energy Inc shows variability over the years, indicating potential fluctuations in the company's asset management efficiency and revenue generation capabilities.
Peer comparison
Dec 31, 2023