Targa Resources Inc (TRGP)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	16,473,200	16,299,700	16,344,500	16,129,600	16,052,600	16,375,600	17,839,100	20,491,200	20,929,800	21,816,600	20,916,200	18,276,300	16,949,900	14,081,100	11,736,500	9,844,100	8,260,300	8,161,400	7,948,800	8,420,600
Property, plant and equipment	US$ in thousands	—	—	—	—	—	15,333,500	14,890,400	14,470,000	14,214,600	13,716,400	11,878,300	11,653,000	11,667,700	11,922,400	11,996,600	12,060,700	12,173,600	12,292,800	12,417,400	12,411,800
Fixed asset turnover		—	—	—	—	—	1.07	1.20	1.42	1.47	1.59	1.76	1.57	1.45	1.18	0.98	0.82	0.68	0.66	0.64	0.68

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $16,473,200K ÷ $—K
= —

The fixed asset turnover ratio for Targa Resources Inc has shown an increasing trend over the past few years, indicating the company's ability to generate more revenue from its fixed assets.

At the end of December 2023, the fixed asset turnover ratio stood at an impressive 1.47, reflecting that for every dollar invested in fixed assets, the company generated $1.47 in revenue.

However, the ratio started to decline in the following periods, reaching 1.20 by June 30, 2023, and further dropping to 1.07 by September 30, 2023. This decrease suggests that Targa Resources Inc may be experiencing challenges in efficiently utilizing its fixed assets to generate revenue.

It's noteworthy to mention that the fixed asset turnover ratio data is not available for the periods beyond December 31, 2023, which makes it difficult to assess the current trend accurately.