Talos Energy (TALO)

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	1,457,886	1,415,128	1,409,121	1,560,996	1,651,980	1,692,734	1,606,515	1,391,198	1,244,540	1,037,296	881,524	666,630	587,486	645,015	738,735	936,671	927,620	953,044	1,007,055	924,151
Total assets	US$ in thousands	4,816,310	4,753,100	4,805,410	4,795,760	3,058,630	2,813,370	2,863,100	2,810,490	2,766,820	2,786,160	2,852,160	2,839,690	2,834,550	3,172,280	3,174,650	3,238,190	2,589,480	2,611,880	2,592,040	2,439,940
Total asset turnover		0.30	0.30	0.29	0.33	0.54	0.60	0.56	0.50	0.45	0.37	0.31	0.23	0.21	0.20	0.23	0.29	0.36	0.36	0.39	0.38

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,457,886K ÷ $4,816,310K
= 0.30

Total asset turnover measures how efficiently a company generates revenue relative to its total assets. In the case of Talos Energy Inc, the total asset turnover has shown fluctuations over the past eight quarters. In Q4 2022 and Q3 2022, the company had relatively high total asset turnovers of 0.54 and 0.60 respectively, indicating that Talos Energy was able to generate a significant amount of revenue for each dollar of assets during those periods. However, in Q1 2023 and Q2 2023, the total asset turnover dropped to 0.33 and 0.29, suggesting a decline in efficiency in utilizing its assets to generate revenue.

Overall, the total asset turnover for Talos Energy Inc has been relatively stable, ranging between 0.29 and 0.60 over the past eight quarters. It is important for the company to monitor and potentially improve this ratio to ensure optimal utilization of its assets to drive revenue generation.