Targa Resources Inc (TRGP)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 16,381,500 | 16,060,300 | 20,929,800 | 16,949,800 | 8,260,300 |
| Property, plant and equipment | US$ in thousands | — | — | 14,214,600 | 11,667,700 | 12,173,600 |
| Fixed asset turnover | — | — | 1.47 | 1.45 | 0.68 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $16,381,500K ÷ $—K
= —
The fixed asset turnover for Targa Resources Inc has improved significantly from 0.68 in December 31, 2020 to 1.45 in December 31, 2021. This indicates that the company generated $1.45 in revenue for every dollar invested in fixed assets during 2021. The ratio further increased to 1.47 in December 31, 2022, reflecting continued efficiency in utilizing fixed assets to generate revenue. It's worth noting that the data for December 31, 2023 and 2024 is unavailable (indicated by '—'), which limits the trend analysis beyond 2022. Overall, the increasing trend in fixed asset turnover suggests improved operational efficiency and effective utilization of fixed assets by Targa Resources Inc during the period analyzed.
Peer comparison
Dec 31, 2024