Ameren Corp (AEE)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,623,000 | 7,500,000 | 7,957,000 | 6,394,000 | 5,794,000 |
| Total assets | US$ in thousands | 19,230,000 | 40,830,000 | 37,904,000 | 35,735,000 | 32,030,000 |
| Total asset turnover | 0.40 | 0.18 | 0.21 | 0.18 | 0.18 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,623,000K ÷ $19,230,000K
= 0.40
Total asset turnover is a key financial ratio that measures a company's ability to generate revenue from its assets. In the case of Ameren Corp, the total asset turnover ratio has fluctuated over the years.
- In December 31, 2020, the total asset turnover ratio was 0.18, indicating that for every dollar of assets, the company generated $0.18 in revenue.
- The ratio remained stable at 0.18 in December 31, 2021.
- There was a slight increase in total asset turnover to 0.21 by December 31, 2022, suggesting improved efficiency in utilizing assets to generate revenue.
- However, the ratio dropped back to 0.18 by December 31, 2023, possibly indicating decreased revenue generation relative to assets.
- A significant surge was seen in the ratio to 0.40 by December 31, 2024, signaling a substantial improvement in leveraging assets to generate revenue efficiently.
Overall, Ameren Corp's total asset turnover ratio has shown variability over the years, with a notable improvement in 2024. It is important for stakeholders to monitor this ratio to assess the company's efficiency in utilizing its assets to drive revenue growth.
Peer comparison
Dec 31, 2024