Abraxas Petroleum Corp Asset Turnover Ratio (AXAS), as of fourth quarter 2022, current and historic results, rankings and more - CSIMarket
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• Sales per Employee
• Income per Employee
• Inventory Turnover
• Asset Turnover
• Receivables Turnover
Abraxas Petroleum Corp  (AXAS)
    Sector • Energy    Industry • Oil And Gas Production
   Industry • Oil And Gas Production
   Sector • Energy
 

Abraxas Petroleum Asset Turnover Ratio

Quarterly Results, Trends, Rankings, Statistics

Abraxas Petroleum's asset turnover ratio, the ratio that measures the ability of Abraxas Petroleum's assets to generate revenue, sequentially decreased to 0.59 in the fourth quarter (Dec 31 2022), which does not come as a surprise, as the Abraxas Petroleum continue to experience difficult business climate.

Within sector 96 more businesses have achieved higher asset turnover ratio. While ranking the asset turnover ratio, among all other companies, it is fair to say, that the company's position has deteriorated in the fourth quarter 2022 compared to the preceding quarter from 2022 to 3707.

Asset Turnover Ratio Definition


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AXAS Asset Turnover Ratio (Dec 31 2022)
IV. Quarter		 (Sep 30 2022)
III. Quarter		 (Jun 30 2022)
II. Quarter		 (Mar 31 2022)
I. Quarter		 (Dec 31 2021)
IV. Quarter
Y / Y Asset Change -49.07 % -39.51 % -37.84 % -42.96 % -13.66 %
Y / Y Revenue Change -57.33 % -36.49 % -21.18 % -26.9 % 79.75 %
Asset Turnover Ratio (TTM) 0.59 0.62 0.6 0.57 0.54
AXAS's Total Ranking # 3707 # 2022 # 3659 # 2022 # 3615
Seq. Asset Change -18.44 % -3.05 % 9.55 % -41.21 % -3.12 %
Seq. Revenue Change -26.32 % -8.83 % 19.29 % -46.74 % 9.66 %



Asset Turnover Ratio Company Ranking
Within: No.
Oil And Gas Production Industry # 97
Energy Sector # 149
Overall Market # 3707

Asset Turnover Ratio Statistics
High Average Low
3.87 2.54 1.48
(Dec 31 2022)   (Dec 31 2013)




AXAS Company Profile • Back to AXAS Efficiency Comparisons • Compare AXAS Asset Turnover Ratio to its Competitors



Companies with similar Asset Turnover Ratio for the quarter ending Dec 31 2022, within Energy Sector Asset Turnover Ratio Revenues for 12 Months ending Dec 31 2022 Assets at quarter ending Dec 31 2022
Alpha Metallurgical Resources Inc   1.84 $ 4,101.592  Millions$ 2,225.369  Millions
Klx Energy Services Holdings Inc   1.84 $ 781.600  Millions$ 425.225  Millions
Liberty Energy Inc   1.72 $ 4,149.228  Millions$ 2,406.776  Millions
China Petroleum and Chemical Corporation  1.70 $ 492,747.948  Millions$ 289,373.040  Millions
Norris Industries Inc   1.68 $ 0.615  Millions$ 0.365  Millions
Martin Midstream Partners L p   1.67 $ 1,018.878  Millions$ 609.276  Millions
Masco Corporation  1.60 $ 8,680.000  Millions$ 5,409.750  Millions
Rpc inc   1.59 $ 1,601.762  Millions$ 1,010.211  Millions
Arch Resources Inc   1.55 $ 3,577.399  Millions$ 2,304.376  Millions
Ranger Energy Services inc   1.55 $ 608.500  Millions$ 392.475  Millions
Nine Energy Service Inc   1.46 $ 593.382  Millions$ 405.231  Millions
Omega Flex Inc   1.38 $ 125.487  Millions$ 91.023  Millions
Imperial Oil Limited  1.36 $ 45,707.220  Millions$ 33,553.098  Millions
Coronado Global Resources Inc.  1.30 $ 3,571.542  Millions$ 2,741.546  Millions
Berry Corporation bry   1.28 $ 1,973.791  Millions$ 1,545.124  Millions
Select Water Solutions inc   1.28 $ 1,387.420  Millions$ 1,087.750  Millions
Profrac Holding Corp   1.23 $ 2,425.600  Millions$ 1,972.599  Millions
Team Inc   1.21 $ 840.208  Millions$ 692.541  Millions
Southwestern Energy Company  1.18 $ 15,002.000  Millions$ 12,702.250  Millions
Ncs Multistage Holdings Inc   1.14 $ 155.632  Millions$ 136.710  Millions
Exxon Mobil Corporation  1.13 $ 413,680.000  Millions$ 365,441.000  Millions
Propetro Holding Corp   1.11 $ 1,279.701  Millions$ 1,157.867  Millions
Ramaco Resources Inc   1.10 $ 565.688  Millions$ 513.635  Millions
Geopark Limited  1.08 $ 1,049.579  Millions$ 973.975  Millions
Oceaneering International Inc  1.07 $ 2,066.084  Millions$ 1,932.234  Millions
Evolution Petroleum Corp  1.05 $ 141.182  Millions$ 134.279  Millions
Enservco Corporation  1.01 $ 21.644  Millions$ 21.442  Millions
Amplify Energy Corp   1.00 $ 458.456  Millions$ 457.580  Millions
Alliance Resource Partners Lp  0.99 $ 2,406.511  Millions$ 2,431.148  Millions
Babcock and Wilcox Enterprises Inc  0.96 $ 889.815  Millions$ 923.215  Millions



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