Ameren Corp (AEE)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,500,000 | 7,957,000 | 6,394,000 | 5,794,000 | 5,910,000 |
| Property, plant and equipment | US$ in thousands | 33,776,000 | 31,262,000 | 29,261,000 | 26,807,000 | 24,376,000 |
| Fixed asset turnover | 0.22 | 0.25 | 0.22 | 0.22 | 0.24 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $7,500,000K ÷ $33,776,000K
= 0.22
The fixed asset turnover ratio for Ameren Corp. has shown a slight decline over the past year, decreasing from 0.25 in 2022 to 0.22 in 2023. This ratio indicates that for every dollar invested in fixed assets, the company generated revenue of $0.22 in 2023. However, the ratio has been relatively consistent over the past five years, hovering around 0.22 to 0.25.
A lower fixed asset turnover ratio may suggest that the company is not effectively utilizing its fixed assets to generate sales. It could indicate inefficiencies in asset management, underutilization of resources, or possibly overinvestment in fixed assets.
Further analysis, such as comparing this ratio to industry benchmarks or the company's historical data, could provide more insights into Ameren Corp.'s asset utilization efficiency and overall operational performance.
Peer comparison
Dec 31, 2023