Total Asset Turnover
since 2012
Calculation
Diamondback Energy Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenues1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2021 | 0.30 | = | 6,797) | ÷ | 22,898) |
| Dec 31, 2020 | 0.16 | = | 2,813) | ÷ | 17,619) |
| Dec 31, 2019 | 0.17 | = | 3,964) | ÷ | 23,531) |
| Dec 31, 2018 | 0.10 | = | 2,176) | ÷ | 21,596) |
| Dec 31, 2017 | 0.16 | = | 1,205) | ÷ | 7,771) |
| Dec 31, 2016 | 0.10 | = | 527) | ÷ | 5,350) |
| Dec 31, 2015 | 0.16 | = | 447) | ÷ | 2,758) |
| Dec 31, 2014 | 0.16 | = | 496) | ÷ | 3,095) |
| Dec 31, 2013 | 0.14 | = | 208) | ÷ | 1,522) |
| Dec 31, 2012 | 0.12 | = | 75) | ÷ | 607) |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
1 US$ in millions
The financial data reveals a significant upward trend in revenues over the observed period. Starting from a relatively modest figure in 2012, revenues increased markedly through the years, with noticeable acceleration after 2016, reaching the highest value in 2021. This growth suggests expanding business operations or improved market positioning.
Total assets exhibited a considerable expansion over the same timeframe. Initially increasing steadily from 2012 through 2018, total assets saw a pronounced spike in 2018, followed by relative stability and a slight decline and recovery in 2019 and 2020, before increasing again in 2021. This pattern indicates strategic asset accumulation and occasional adjustments, possibly associated with acquisitions or disposals.
The total asset turnover ratio, reflecting the efficiency of asset use in generating revenue, generally remained low and somewhat volatile. The ratio fluctuated between 0.10 and 0.17 for most years, indicating moderate efficiency in asset utilization. However, a notable improvement occurs in 2021 when the ratio surged to 0.30, suggesting a significant enhancement in generating revenues from the available assets, potentially through improved operational efficiency or higher asset productivity.
Overall, the data points to a company that has been growing rapidly in terms of both revenues and asset base, with recent indications of better leveraging of assets to produce income. The leap in asset turnover efficiency in 2021 is a positive sign and may reflect successful management initiatives or favorable market conditions enhancing performance.
Comparison to Competitors
Diamondback Energy Inc., total asset turnover, long-term trends, comparison to competitors
| Diamondback Energy Inc. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | Occidental Petroleum Corp. | |
|---|---|---|---|---|---|
| Dec 31, 2021 | 0.30 | 0.65 | 0.51 | 0.82 | 0.35 |
| Dec 31, 2020 | 0.16 | 0.39 | 0.30 | 0.54 | 0.22 |
| Dec 31, 2019 | 0.17 | 0.59 | 0.46 | 0.70 | 0.19 |
| Dec 31, 2018 | 0.10 | 0.63 | 0.52 | 0.81 | 0.41 |
| Dec 31, 2017 | 0.16 | 0.53 | 0.40 | 0.68 | 0.30 |
| Dec 31, 2016 | 0.10 | 0.42 | 0.26 | 0.66 | 0.23 |
| Dec 31, 2015 | 0.16 | 0.49 | 0.30 | 0.77 | 0.29 |
| Dec 31, 2014 | 0.16 | 0.75 | 0.45 | 1.13 | 0.34 |
| Dec 31, 2013 | 0.14 | 0.87 | 0.46 | 1.21 | 0.35 |
| Dec 31, 2012 | 0.12 | 0.99 | 0.49 | 1.36 | 0.38 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
Comparison to Sector (Oil, Gas & Consumable Fuels)
Diamondback Energy Inc., total asset turnover, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Diamondback Energy Inc. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2021 | 0.30 | 0.68 |
| Dec 31, 2020 | 0.16 | 0.43 |
| Dec 31, 2019 | 0.17 | 0.57 |
| Dec 31, 2018 | 0.10 | 0.69 |
| Dec 31, 2017 | 0.16 | 0.58 |
| Dec 31, 2016 | 0.10 | 0.50 |
| Dec 31, 2015 | 0.16 | 0.58 |
| Dec 31, 2014 | 0.16 | 0.85 |
| Dec 31, 2013 | 0.14 | 0.91 |
| Dec 31, 2012 | 0.12 | 1.02 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
Comparison to Industry (Energy)
Diamondback Energy Inc., total asset turnover, long-term trends, comparison to industry (energy)
| Diamondback Energy Inc. | Energy | |
|---|---|---|
| Dec 31, 2021 | 0.30 | 0.67 |
| Dec 31, 2020 | 0.16 | 0.44 |
| Dec 31, 2019 | 0.17 | 0.58 |
| Dec 31, 2018 | 0.10 | 0.67 |
| Dec 31, 2017 | 0.16 | 0.56 |
| Dec 31, 2016 | 0.10 | 0.49 |
| Dec 31, 2015 | 0.16 | 0.58 |
| Dec 31, 2014 | 0.16 | 0.84 |
| Dec 31, 2013 | 0.14 | 0.89 |
| Dec 31, 2012 | 0.12 | 1.00 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).