Analysis of Long-term (Investment) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Expand Energy Corp., long-term (investment) activity ratios
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Expand Energy Corp. net fixed asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Expand Energy Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2022 to 2023 and from 2023 to 2024. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Expand Energy Corp. total asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Expand Energy Corp. equity turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Net Fixed Asset Turnover
Expand Energy Corp., net fixed asset turnover calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 4,259) | 6,047) | 14,123) | 7,301) | |
| Property and equipment, net | 24,282) | 10,097) | 11,187) | 8,802) | |
| Long-term Activity Ratio | |||||
| Net fixed asset turnover1 | 0.18 | 0.60 | 1.26 | 0.83 | |
| Benchmarks | |||||
| Net Fixed Asset Turnover, Competitors2 | |||||
| Chevron Corp. | 1.31 | 1.28 | 1.64 | 1.06 | |
| ConocoPhillips | 0.58 | 0.80 | 1.21 | 0.71 | |
| Exxon Mobil Corp. | 1.15 | 1.56 | 1.95 | 1.28 | |
| Occidental Petroleum Corp. | 0.39 | 0.48 | 0.63 | 0.43 | |
| Net Fixed Asset Turnover, Sector | |||||
| Oil, Gas & Consumable Fuels | 0.98 | 1.23 | 1.58 | 1.03 | |
| Net Fixed Asset Turnover, Industry | |||||
| Energy | 1.03 | 1.27 | 1.62 | 1.06 | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
1 2024 Calculation
Net fixed asset turnover = Revenues ÷ Property and equipment, net
= 4,259 ÷ 24,282 = 0.18
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Expand Energy Corp. net fixed asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Expand Energy Corp., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 4,259) | 6,047) | 14,123) | 7,301) | |
| Property and equipment, net | 24,282) | 10,097) | 11,187) | 8,802) | |
| Operating lease ROU assets | 145) | 99) | 119) | 38) | |
| Property and equipment, net (including operating lease, right-of-use asset) | 24,427) | 10,196) | 11,306) | 8,840) | |
| Long-term Activity Ratio | |||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 0.17 | 0.59 | 1.25 | 0.83 | |
| Benchmarks | |||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | |||||
| Chevron Corp. | 1.26 | 1.24 | 1.59 | 1.03 | |
| ConocoPhillips | 0.57 | 0.79 | 1.20 | 0.70 | |
| Exxon Mobil Corp. | 1.13 | 1.51 | 1.89 | 1.24 | |
| Occidental Petroleum Corp. | 0.38 | 0.47 | 0.62 | 0.43 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | |||||
| Oil, Gas & Consumable Fuels | 0.96 | 1.19 | 1.54 | 1.01 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | |||||
| Energy | 1.00 | 1.24 | 1.58 | 1.04 | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
1 2024 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenues ÷ Property and equipment, net (including operating lease, right-of-use asset)
= 4,259 ÷ 24,427 = 0.17
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Expand Energy Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2022 to 2023 and from 2023 to 2024. |
Total Asset Turnover
Expand Energy Corp., total asset turnover calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 4,259) | 6,047) | 14,123) | 7,301) | |
| Total assets | 27,894) | 14,376) | 15,468) | 11,009) | |
| Long-term Activity Ratio | |||||
| Total asset turnover1 | 0.15 | 0.42 | 0.91 | 0.66 | |
| Benchmarks | |||||
| Total Asset Turnover, Competitors2 | |||||
| Chevron Corp. | 0.75 | 0.75 | 0.91 | 0.65 | |
| ConocoPhillips | 0.45 | 0.59 | 0.84 | 0.51 | |
| Exxon Mobil Corp. | 0.75 | 0.89 | 1.08 | 0.82 | |
| Occidental Petroleum Corp. | 0.31 | 0.38 | 0.50 | 0.35 | |
| Total Asset Turnover, Sector | |||||
| Oil, Gas & Consumable Fuels | 0.65 | 0.76 | 0.94 | 0.68 | |
| Total Asset Turnover, Industry | |||||
| Energy | 0.66 | 0.75 | 0.93 | 0.67 | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
1 2024 Calculation
Total asset turnover = Revenues ÷ Total assets
= 4,259 ÷ 27,894 = 0.15
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Expand Energy Corp. total asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Equity Turnover
Expand Energy Corp., equity turnover calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 4,259) | 6,047) | 14,123) | 7,301) | |
| Stockholders’ equity | 17,565) | 10,729) | 9,124) | 5,671) | |
| Long-term Activity Ratio | |||||
| Equity turnover1 | 0.24 | 0.56 | 1.55 | 1.29 | |
| Benchmarks | |||||
| Equity Turnover, Competitors2 | |||||
| Chevron Corp. | 1.27 | 1.22 | 1.48 | 1.12 | |
| ConocoPhillips | 0.84 | 1.14 | 1.64 | 1.01 | |
| Exxon Mobil Corp. | 1.29 | 1.63 | 2.04 | 1.64 | |
| Occidental Petroleum Corp. | 0.78 | 0.93 | 1.22 | 1.28 | |
| Equity Turnover, Sector | |||||
| Oil, Gas & Consumable Fuels | 1.16 | 1.36 | 1.73 | 1.35 | |
| Equity Turnover, Industry | |||||
| Energy | 1.18 | 1.38 | 1.72 | 1.36 | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
1 2024 Calculation
Equity turnover = Revenues ÷ Stockholders’ equity
= 4,259 ÷ 17,565 = 0.24
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Expand Energy Corp. equity turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |