Viper Energy Ut (VNOM)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 859,747 | 826,788 | 865,767 | 504,297 | 249,566 |
| Property, plant and equipment | US$ in thousands | — | — | 2,750,270 | 2,920,120 | 2,405,050 |
| Fixed asset turnover | — | — | 0.31 | 0.17 | 0.10 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $859,747K ÷ $—K
= —
The fixed asset turnover ratio for Viper Energy Ut has shown a steady improvement over the years. In 2020, the ratio was 0.10, indicating that the company generated $0.10 in revenue for every $1 invested in fixed assets. By 2022, the ratio increased to 0.31, suggesting that the company was able to generate $0.31 in revenue for every $1 invested in fixed assets, showing an upward trend in asset utilization efficiency. However, data is not available for 2023 and 2024, limiting a complete analysis of the trend. Overall, the increasing trend from 2020 to 2022 indicates that the company has been able to make more effective use of its fixed assets to generate revenue.
Peer comparison
Dec 31, 2024