Texas Pacific Land Trust (TPL)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 705,823 | 631,595 | 667,422 | 450,958 | 302,554 |
| Total assets | US$ in thousands | 1,248,020 | 1,156,400 | 877,427 | 764,064 | 571,635 |
| Total asset turnover | 0.57 | 0.55 | 0.76 | 0.59 | 0.53 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $705,823K ÷ $1,248,020K
= 0.57
The total asset turnover ratio for Texas Pacific Land Trust experienced fluctuations over the period analyzed. From December 31, 2020, to December 31, 2022, the total asset turnover increased steadily from 0.53 to 0.76, indicating that the company generated more revenue for each dollar of assets invested. However, there was a slight decline in the ratio by the end of December 31, 2023, and December 31, 2024, to 0.55 and 0.57, respectively. This suggests that the company's efficiency in utilizing its assets to generate sales slightly decreased in those periods. Overall, the company's total asset turnover ratio indicates varying levels of asset utilization efficiency over the years, with room for improvement in certain periods.