American Electric Power Co Inc (AEP)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 19,721,300 | 18,982,300 | 19,639,500 | 16,792,000 | 14,918,500 |
| Total assets | US$ in thousands | 103,078,000 | 96,684,000 | 93,403,300 | 87,668,700 | 80,757,200 |
| Total asset turnover | 0.19 | 0.20 | 0.21 | 0.19 | 0.18 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $19,721,300K ÷ $103,078,000K
= 0.19
American Electric Power Co Inc's total asset turnover has shown a gradual increase from 0.18 in December 31, 2020, to 0.19 in December 31, 2021, further rising to 0.21 in December 31, 2022. However, there was a slight dip to 0.20 in December 31, 2023, followed by a return to 0.19 in December 31, 2024. This indicates that the company generated $0.21 in revenue for every dollar of assets in 2022, reflecting a better utilization of its assets to generate sales. The fluctuations in the subsequent years suggest that while the company has been effectively utilizing its assets, it may need to focus on maintaining and potentially improving this metric to ensure sustained efficiency in asset management and revenue generation.
Peer comparison
Dec 31, 2024