Viper Energy Ut (VNOM)
Total 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 |
| Total assets | US$ in thousands | 5,069,040 | 3,974,090 | 2,920,370 | 3,034,020 | 2,461,380 |
| Total asset turnover | 0.17 | 0.21 | 0.30 | 0.17 | 0.10 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $859,747K ÷ $5,069,040K
= 0.17
The total asset turnover ratio of Viper Energy Ut has shown a fluctuating trend over the past five years. In December 2020, the total asset turnover was at a relatively low level of 0.10, indicating that the company generated $0.10 in sales for every $1 of total assets. Subsequently, there was a significant improvement in 2021 as the ratio increased to 0.17, suggesting a more efficient utilization of assets to generate revenue.
The total asset turnover continued to increase in 2022, reaching a level of 0.30, which indicates a notable improvement in the company's ability to generate sales from its total assets. However, there was a slight decrease in 2023, with the ratio dropping to 0.21, which may indicate a temporary dip in asset efficiency.
By the end of 2024, the total asset turnover ratio reverted back to 0.17, which was the same level as in 2021. This suggests that the company may have experienced challenges in effectively utilizing its total assets to generate revenue during that period.
Overall, the total asset turnover ratio of Viper Energy Ut has shown variability in performance over the years, with some fluctuations indicating changes in asset utilization efficiency and revenue generation capabilities.
Peer comparison
Dec 31, 2024