The AES Corporation (AES)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 12,278,000 | 12,284,000 | 12,429,000 | 12,514,000 | 12,668,000 | 12,760,000 | 12,953,000 | 13,004,000 | 12,617,000 | 12,327,000 | 11,736,000 | 11,358,000 | 11,141,000 | 10,931,000 | 10,440,000 | 9,957,000 | 9,660,000 | 9,531,000 | 9,611,000 | 9,877,000 |
| Total assets | US$ in thousands | 47,406,000 | 50,265,000 | 47,915,000 | 47,045,000 | 44,799,000 | 43,161,000 | 41,505,000 | 39,357,000 | 38,363,000 | 37,775,000 | 36,070,000 | 34,648,000 | 32,963,000 | 35,030,000 | 34,727,000 | 35,203,000 | 34,603,000 | 34,267,000 | 34,566,000 | 34,142,000 |
| Total asset turnover | 0.26 | 0.24 | 0.26 | 0.27 | 0.28 | 0.30 | 0.31 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.34 | 0.31 | 0.30 | 0.28 | 0.28 | 0.28 | 0.28 | 0.29 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $12,278,000K ÷ $47,406,000K
= 0.26
The total asset turnover for The AES Corporation has fluctuated over the past few years, ranging from 0.24 to 0.34. This ratio measures the efficiency of the company in generating sales revenue relative to the total assets deployed. A lower ratio indicates that the company is less effective in utilizing its assets to generate revenue, while a higher ratio suggests better asset utilization.
In this case, the total asset turnover started at 0.29 in March 2020, decreased slightly to 0.28 by June 2020, and remained relatively stable around this level until June 2021, where it increased to 0.30. Subsequently, the ratio continued to improve, reaching its peak at 0.34 by December 2021. However, starting from March 2022, the total asset turnover began to decline gradually, dropping to 0.27 by March 2024, before slightly increasing to 0.26 by June 2024.
Overall, the trend in The AES Corporation's total asset turnover indicates some fluctuations but shows a general improvement in asset utilization efficiency from 2020 to 2021, followed by a mild decline in recent periods leading to mixed efficiency levels in generating sales relative to the assets employed.