American Electric Power Co Inc (AEP)

Total asset turnover

Dec 31, 2024 Sep 30, 2024 Mar 31, 2024 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
Revenue (ttm) US$ in thousands 19,719,300 20,364,700 19,317,100 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
Total assets US$ in thousands 103,078,000 100,119,000 97,744,600 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
Total asset turnover 0.19 0.20 0.20 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

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $19,719,300K ÷ $103,078,000K
= 0.19

The total asset turnover of American Electric Power Co Inc has shown stability over the years, fluctuating around the range of 0.18 to 0.21. The ratio indicates that for every dollar of total assets, the company generates between $0.18 to $0.21 of revenue. A consistent total asset turnover ratio suggests efficient asset utilization, as the company is effectively generating revenue from its assets. Despite minor fluctuations, the general trend of the total asset turnover ratio has not shown significant deviations over the period, reflecting a consistent performance in terms of utilizing its assets to generate revenue.