Ameren Corp (AEE)
Total 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 |
| Total assets | US$ in thousands | 40,830,000 | 37,904,000 | 35,735,000 | 32,030,000 | 28,933,000 |
| Total asset turnover | 0.18 | 0.21 | 0.18 | 0.18 | 0.20 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,500,000K ÷ $40,830,000K
= 0.18
Ameren Corp.'s total asset turnover ratio has shown fluctuation over the past five years. The ratio indicates the efficiency with which the company utilizes its assets to generate revenue. A lower total asset turnover ratio suggests that the company is less effective in generating revenue from its assets. In 2023, the total asset turnover ratio decreased to 0.18 from 0.21 in 2022, indicating a decrease in asset efficiency. This may imply that Ameren Corp. was less effective in generating revenue per dollar of assets during the year. However, it is important to consider industry benchmarks and other factors to fully assess the significance of this change.
Peer comparison
Dec 31, 2023