Ameren Corp (AEE)

Fixed asset turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	7,500,000	7,928,000	8,174,000	8,140,000	7,957,000	7,456,000	6,961,000	6,707,000	6,394,000	6,177,000	5,994,000	5,920,000	5,794,000	5,801,000	5,813,000	5,794,000	5,910,000	5,994,000	6,078,000	6,262,000
Property, plant and equipment	US$ in thousands	33,776,000	32,938,000	32,351,000	31,735,000	31,262,000	30,608,000	30,086,000	29,578,000	29,261,000	28,559,000	28,020,000	27,307,000	26,807,000	25,541,000	25,081,000	24,678,000	24,376,000	23,894,000	23,479,000	23,044,000
Fixed asset turnover		0.22	0.24	0.25	0.26	0.25	0.24	0.23	0.23	0.22	0.22	0.21	0.22	0.22	0.23	0.23	0.23	0.24	0.25	0.26	0.27

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $7,500,000K ÷ $33,776,000K
= 0.22

The fixed asset turnover ratio for Ameren Corp. over the past eight quarters has ranged between 0.22 and 0.26. This ratio indicates the company's efficiency in generating revenue from its fixed assets.

A decreasing trend in the fixed asset turnover ratio may suggest that Ameren Corp. is becoming less efficient in utilizing its fixed assets to generate revenue. Conversely, an increasing trend would indicate improved efficiency.

Overall, with fixed asset turnover ratios consistently around the 0.24-0.25 range, Ameren Corp. appears to be maintaining a moderate level of efficiency in generating revenue from its fixed assets. Further analysis and comparison with industry peers would provide additional insights into the company's performance in this aspect.