American Electric Power Company Inc (AEP)

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	18,982,300	19,286,200	19,470,600	19,737,800	19,639,500	18,819,800	17,916,700	17,103,500	16,792,000	16,341,200	15,784,600	15,452,100	14,918,500	14,923,900	15,172,500	15,252,100	15,561,400	15,746,500	15,764,600	16,204,200
Total assets	US$ in thousands	96,684,000	95,125,600	96,002,100	94,517,900	93,403,300	91,249,400	90,861,300	89,831,400	87,668,700	86,337,100	84,358,200	82,985,100	80,757,200	78,689,300	77,804,800	77,724,000	75,892,300	73,900,700	72,550,000	70,722,000
Total asset turnover		0.20	0.20	0.20	0.21	0.21	0.21	0.20	0.19	0.19	0.19	0.19	0.19	0.18	0.19	0.20	0.20	0.21	0.21	0.22	0.23

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $18,982,300K ÷ $96,684,000K
= 0.20

The total asset turnover ratio of American Electric Power Company Inc. has been relatively consistent over the past eight quarters, ranging from 0.19 to 0.21. This ratio measures the efficiency of the company in generating sales revenue from its assets.

A total asset turnover ratio of 0.20 to 0.21 suggests that for every dollar of assets the company has, it generates approximately $0.20 to $0.21 in revenue. This indicates that the company is effectively utilizing its assets to generate sales.

While the ratio has not shown significant fluctuations, it is important for the company to maintain or improve this efficiency over time to maximize profitability and shareholder value. Additionally, further analysis of other financial ratios and metrics would provide a more holistic view of the company's overall performance and efficiency in utilizing its assets.