Viper Energy Ut (VNOM)

Total 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	857,231	833,288	918,177	863,299	826,788	825,642	754,001	832,552	865,767	827,982	734,448	609,231	504,297	414,675	349,427	267,952	249,566	265,913	275,067	314,791
Total assets	US$ in thousands	5,069,040	4,206,010	3,900,420	4,012,570	3,974,090	3,143,370	2,967,040	3,019,740	2,920,370	2,985,760	2,971,980	3,001,080	3,034,020	2,482,470	2,450,160	2,441,800	2,461,380	2,600,700	2,624,270	2,679,480
Total asset turnover		0.17	0.20	0.24	0.22	0.21	0.26	0.25	0.28	0.30	0.28	0.25	0.20	0.17	0.17	0.14	0.11	0.10	0.10	0.10	0.12

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $857,231K ÷ $5,069,040K
= 0.17

Total asset turnover is a financial ratio that measures how efficiently a company is utilizing its assets to generate revenue. It is calculated by dividing net sales by average total assets.

Analyzing the total asset turnover trend for Viper Energy Ut from March 2020 to December 2024, we can observe fluctuations in the ratio.

The total asset turnover ratio was relatively low at 0.12 in March 2020 and decreased to 0.10 by June 2020, indicating that the company was generating less revenue per dollar of assets. This trend continued through September and December 2020.

From March 2021 to June 2022, there was a gradual improvement in the total asset turnover ratio, reaching 0.25 in June 2022. This suggests that Viper Energy Ut was becoming more efficient in utilizing its assets to generate sales.

However, there was a slight decline in total asset turnover from September 2022 to December 2024, with the ratio hovering around 0.20. This could indicate a potential decrease in revenue generation relative to the level of total assets held by the company during this period.

Overall, the fluctuations in the total asset turnover ratio for Viper Energy Ut highlight changes in the efficiency of asset utilization and revenue generation over the analyzed period.