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Independence Contract Drilling inc   (ICD)
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Independence Contract Drilling Inc Asset Turnover Ratio

Quarterly Results, Trends, Rankings, Statistics

Independence Contract Drilling Inc 's asset turnover ratio, the ratio that measures the ability of Independence Contract Drilling Inc 's assets to generate revenue, sequentially decreased to 0.51 in the fourth quarter (Dec 31 2023), but it does not raise any concerns as Independence Contract Drilling Inc continue to execute well, and the remains above the average.

Within sector 5 more businesses have achieved higher asset turnover ratio. While Asset turnover ratio total ranking has improved so far during the IV Quarter 2023, to 1419, from total ranking in the third quarter 2023 at 1967.


What is Asset Turnover Ratio?
What is Independence Contract Drilling Inc Market Share?


ICD Asset Turnover Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Asset Change -8.17 % -1.72 % 5.97 % 8.66 % 8.2 %
Y / Y Revenue Change -23.94 % -10.14 % 33.19 % 82.21 % 110.98 %
Asset Turnover Ratio (TTM) 0.51 0.53 0.54 0.51 0.46
ICD's Total Ranking # 1419 # 1967 # 2005 # 2116 # 2574
Seq. Asset Change -2.84 % -3.36 % -3.41 % 1.25 % 3.98 %
Seq. Revenue Change 3.77 % -21.63 % -11.61 % 5.8 % 22.61 %



Asset Turnover Ratio Company Ranking
Within: No.
Oil Well Services & Equipment Industry # 6
Energy Sector # 69
Overall Market # 1419

Asset Turnover Ratio Statistics
High Average Low
0.54 0.33 0.16
(Jun 30 2023)   (Jun 30 2021)







Companies with similar Asset Turnover Ratio for the quarter ending Dec 31 2023, within Energy Sector Asset Turnover Ratio Revenues for 12 Months ending Dec 31 2023 Assets at quarter ending Dec 31 2023
Rpc inc   1.31 $ 1,617.474  Millions$ 1,237.559  Millions
Select Water Solutions inc   1.29 $ 1,584.662  Millions$ 1,228.256  Millions
Imperial Oil Limited  1.21 $ 39,042.254  Millions$ 32,368.479  Millions
Arch Resources inc   1.19 $ 2,887.454  Millions$ 2,417.398  Millions
Omega Flex Inc   1.14 $ 110.553  Millions$ 96.644  Millions
Propetro Holding Corp   1.13 $ 1,630.399  Millions$ 1,445.016  Millions
Babcock and Wilcox Enterprises Inc  1.12 $ 999.354  Millions$ 892.069  Millions
Oceaneering International Inc  1.11 $ 2,424.706  Millions$ 2,189.700  Millions
Hallador Energy Co  1.06 $ 634.480  Millions$ 597.871  Millions
Ramaco Resources Inc   1.06 $ 693.524  Millions$ 653.562  Millions
Tetra Technologies Inc   1.01 $ 460.367  Millions$ 455.333  Millions
Ncs Multistage Holdings Inc   1.00 $ 142.471  Millions$ 143.174  Millions
Cenovus Energy Inc   0.97 $ 39,988.264  Millions$ 41,298.890  Millions
Consol Energy Inc   0.96 $ 2,568.877  Millions$ 2,677.045  Millions
Halliburton Company  0.95 $ 23,018.000  Millions$ 24,204.250  Millions
Exxon Mobil Corporation  0.93 $ 344,582.000  Millions$ 370,298.750  Millions
Dorchester Minerals L p   0.93 $ 163.799  Millions$ 176.443  Millions
Alliance Resource Partners Lp  0.92 $ 2,566.701  Millions$ 2,794.540  Millions
Peabody Energy Corp  0.85 $ 4,946.700  Millions$ 5,828.075  Millions
Enerplus Corporation  0.82 $ 1,694.333  Millions$ 2,068.476  Millions
Shell Plc  0.78 $ 316,620.000  Millions$ 406,270.000  Millions
Chevron Corp  0.78 $ 200,949.000  Millions$ 258,306.000  Millions
Expro Group Holdings N v   0.77 $ 1,512.764  Millions$ 1,964.859  Millions
Warrior Met Coal Inc   0.77 $ 1,717.324  Millions$ 2,242.844  Millions
Bp Plc  0.76 $ 213,032.000  Millions$ 280,294.000  Millions
Equinor Asa  0.75 $ 107,174.000  Millions$ 143,580.000  Millions
Evolution Petroleum Corp  0.74 $ 96.666  Millions$ 129.789  Millions
California Resources Corp  0.71 $ 2,801.000  Millions$ 3,962.500  Millions
Barnwell Industries inc   0.68 $ 23.913  Millions$ 35.265  Millions
Helmerich and Payne inc   0.65 $ 2,829.931  Millions$ 4,377.458  Millions

Date modified: 2024-02-29T16:49:12+00:00



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