Vital Energy Inc. (VTLE)
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 | 1,710,423 | 2,010,826 | 1,585,927 | 1,427,688 | 1,491,174 | 1,197,050 | 1,470,610 | 1,645,783 | 1,495,182 | 1,639,176 | 1,357,310 | 948,273 | 844,278 | 562,119 | 410,399 | 469,362 | 863,451 | 893,508 | 1,069,249 | 1,247,510 |
Total assets | US$ in thousands | 5,878,950 | 6,251,010 | 5,263,210 | 5,661,900 | 5,149,580 | 4,426,250 | 3,815,430 | 2,943,240 | 2,726,110 | 2,805,920 | 2,873,010 | 2,726,330 | 2,551,820 | 2,258,970 | 1,786,810 | 1,474,900 | 1,442,610 | 1,581,320 | 1,870,590 | 531,190 |
Total asset turnover | 0.29 | 0.32 | 0.30 | 0.25 | 0.29 | 0.27 | 0.39 | 0.56 | 0.55 | 0.58 | 0.47 | 0.35 | 0.33 | 0.25 | 0.23 | 0.32 | 0.60 | 0.57 | 0.57 | 2.35 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,710,423K ÷ $5,878,950K
= 0.29
Vital Energy Inc.'s total asset turnover has displayed varying trends over the reporting periods. The ratio indicates how efficiently the company is utilizing its assets to generate revenue. In March 2020, the total asset turnover was relatively high at 2.35, which suggests that the company was generating $2.35 in revenue for every $1 of assets. However, this trend declined significantly by June 2020 to 0.57 and remained stable in the subsequent quarter.
From December 2020 to September 2021, the total asset turnover gradually increased, reaching its peak in September 2021 at 0.58. This uptrend was followed by a decline in the ratio until March 2023. Notably, there was a significant drop in the total asset turnover in March 2021, which bottomed at 0.23 in June 2021. The ratio fluctuated between 0.23 and 0.39 until June 2023, indicating inconsistent asset utilization.
From September 2023 to December 2024, there was a slight improvement in total asset turnover, ranging between 0.25 and 0.32. Despite the fluctuations, it seems that Vital Energy Inc. struggled to maintain a consistent level of efficiency in utilizing its assets to generate revenue during the period under review. A consistent focus on improving asset management and operational efficiency may be beneficial for enhancing the company's overall financial performance.
Peer comparison
Dec 31, 2024