The AES Corporation (AES)

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	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	10,189,000	10,380,000	10,592,000	10,646,000
Total assets	US$ in thousands	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	33,648,000	33,423,000	33,238,000	33,471,000
Total asset turnover		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	0.30	0.31	0.32	0.32

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $12,668,000K ÷ $44,799,000K
= 0.28

The total asset turnover ratio for AES Corp. fluctuated between 0.28 and 0.33 over the past eight quarters. This ratio measures the company's efficiency in generating sales revenue from its total assets. A lower ratio suggests that AES Corp. is less efficient in utilizing its assets to generate revenue, while a higher ratio indicates better asset utilization.

In this case, the trend of total asset turnover indicates some variability in the company's ability to generate sales relative to its asset base. It is important for AES Corp. to closely monitor and potentially improve this ratio to ensure optimal utilization of its assets and maximize revenue generation. Further analysis and comparison with industry peers may provide additional insights into the company's asset management efficiency.