Ameren Corp (AEE)
Total 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 |
| Total assets | US$ in thousands | 40,830,000 | 39,599,000 | 38,947,000 | 38,064,000 | 37,904,000 | 37,657,000 | 37,108,000 | 36,197,000 | 35,735,000 | 34,665,000 | 33,916,000 | 32,789,000 | 32,030,000 | 30,517,000 | 30,016,000 | 29,272,000 | 28,933,000 | 28,546,000 | 28,103,000 | 27,509,000 |
| Total asset turnover | 0.18 | 0.20 | 0.21 | 0.21 | 0.21 | 0.20 | 0.19 | 0.19 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.19 | 0.19 | 0.20 | 0.20 | 0.21 | 0.22 | 0.23 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,500,000K ÷ $40,830,000K
= 0.18
Total Asset Turnover is a ratio that measures a company's ability to generate revenue from its total assets. It indicates how efficiently a company is using its assets to generate sales.
Ameren Corp.'s total asset turnover has shown some fluctuation over the past eight quarters. The ratio ranged from 0.18 to 0.21 during this period.
In Q4 2023, the total asset turnover was 0.18, which indicates that Ameren Corp. generated $0.18 in revenue for every $1 of total assets. This reflects a lower efficiency in utilizing assets to generate sales compared to the previous quarter.
In Q3 and Q2 2023, the total asset turnover improved to 0.20 and 0.21, respectively, suggesting that Ameren Corp. was able to generate more revenue per dollar of assets during these periods. This indicates better asset utilization and efficiency in generating sales.
Overall, Ameren Corp.'s total asset turnover has shown some variability but has generally remained within the range of 0.18 to 0.21. It would be beneficial for the company to sustain or improve this ratio to ensure optimal utilization of its assets in generating revenue.
Peer comparison
Dec 31, 2023