Petrolia Energy Corporation Asset Turnover Ratio (BBLS), as of third quarter 2023, current and historic results, rankings and more - CSIMarket
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Petrolia Energy Corporation  (BBLS)
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
 

Petrolia Energy Asset Turnover Ratio

Quarterly Results, Trends, Rankings, Statistics

Petrolia Energy's asset turnover ratio, the ratio that measures the ability of Petrolia Energy's assets to generate revenue, sequentially decreased to 0.54 in the third quarter (Sep 30 2023), but it does not raise any concerns as Petrolia Energy continue to execute well, and the asset turnover ratio remains above the average.

Within sector 44 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 Third Quarter 2023 compared to the preceding quarter from 1969 to 2114.

Asset Turnover Ratio Definition



BBLS Asset Turnover Ratio (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Asset Change -9.53 % -0.42 % 5.3 % -33.57 % 19.93 %
Y / Y Revenue Change -58.13 % -57.56 % -25.05 % -6.82 % 25.2 %
Asset Turnover Ratio (TTM) 0.54 0.67 0.75 0.81 0.73
BBLS's Total Ranking # 2114 # 1969 # 188 # 1327 # 1970
Seq. Asset Change -4.79 % -3.97 % -2.33 % 1.31 % 4.8 %
Seq. Revenue Change 87.1 % -64.91 % -19.77 % -20.51 % 89.66 %



Asset Turnover Ratio Company Ranking
Within: No.
Oil And Gas Production Industry # 45
Energy Sector # 80
Overall Market # 2114

Asset Turnover Ratio Statistics
High Average Low
0.87 0.28 0.01
(Mar 31 2022)   (Jun 30 2018)







Companies with similar Asset Turnover Ratio for the quarter ending Sep 30 2023, within Energy Sector Asset Turnover Ratio Revenues for 12 Months ending Sep 30 2023 Assets at quarter ending Sep 30 2023
Calumet Inc   1.51 $ 4,202.700  Millions$ 2,778.825  Millions
Nine Energy Service Inc   1.51 $ 632.122  Millions$ 419.712  Millions
Masco Corporation  1.50 $ 8,008.000  Millions$ 5,324.000  Millions
Dawson Geophysical Company  1.45 $ 87.250  Millions$ 60.044  Millions
Alpha Metallurgical Resources Inc   1.42 $ 3,334.874  Millions$ 2,343.097  Millions
Rpc inc   1.42 $ 1,704.973  Millions$ 1,198.101  Millions
Team Inc   1.37 $ 799.008  Millions$ 584.994  Millions
Crossamerica Partners Lp  1.32 $ 1,626.880  Millions$ 1,228.285  Millions
Select Water Solutions inc   1.29 $ 1,591.707  Millions$ 1,229.421  Millions
Enservco Corporation  1.27 $ 22.080  Millions$ 17.424  Millions
Arch Resources Inc   1.27 $ 3,042.332  Millions$ 2,404.632  Millions
Imperial Oil Limited  1.22 $ 40,071.758  Millions$ 32,813.716  Millions
Omega Flex Inc   1.19 $ 114.100  Millions$ 95.483  Millions
Propetro Holding Corp   1.16 $ 1,631.547  Millions$ 1,408.885  Millions
Berry Corporation bry   1.15 $ 1,808.941  Millions$ 1,576.725  Millions
Babcock and Wilcox Enterprises Inc  1.13 $ 1,051.725  Millions$ 933.809  Millions
Coronado Global Resources Inc.  1.13 $ 2,928.126  Millions$ 2,601.842  Millions
Oceaneering International Inc  1.08 $ 2,306.300  Millions$ 2,137.870  Millions
Norris Industries Inc   1.07 $ 0.331  Millions$ 0.309  Millions
Ncs Multistage Holdings Inc   1.05 $ 147.410  Millions$ 139.816  Millions
Tetra Technologies Inc   1.01 $ 459.300  Millions$ 453.090  Millions
Ramaco Resources Inc   0.98 $ 626.021  Millions$ 636.188  Millions
Exxon Mobil Corporation  0.97 $ 355,667.000  Millions$ 368,486.250  Millions
Halliburton Company  0.96 $ 22,861.000  Millions$ 23,847.250  Millions
Alliance Resource Partners Lp  0.96 $ 2,642.006  Millions$ 2,762.802  Millions
Profrac Holding Corp   0.88 $ 2,929.146  Millions$ 3,311.700  Millions
Dorchester Minerals L p   0.88 $ 152.263  Millions$ 172.738  Millions
Core Laboratories Inc   0.86 $ 509.151  Millions$ 591.558  Millions
Gulfport Energy Corporation  0.85 $ 2,285.086  Millions$ 2,688.572  Millions
Evolution Petroleum Corp  0.83 $ 109.318  Millions$ 131.213  Millions



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