Atmos Energy Corporation (ATO)

Fixed asset turnover

		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	Dec 31, 2019
Revenue (ttm)	US$ in thousands	4,165,193	4,094,891	4,056,075	3,949,815	4,275,355	4,410,341	4,564,037	4,672,887	4,201,667	4,047,423	3,836,547	3,505,797	3,407,487	3,314,017	3,201,459	2,860,054	2,821,137	2,789,906	2,782,649	2,899,624
Property, plant and equipment	US$ in thousands	—	—	—	—	19,829,900	19,018,300	18,445,900	17,971,700	17,240,200	16,556,600	16,085,000	15,726,800	15,064,000	14,477,700	14,039,600	13,762,100	13,355,300	12,880,800	12,548,200	12,250,400
Fixed asset turnover		—	—	—	—	0.22	0.23	0.25	0.26	0.24	0.24	0.24	0.22	0.23	0.23	0.23	0.21	0.21	0.22	0.22	0.24

September 30, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,165,193K ÷ $—K
= —

Fixed asset turnover is a ratio that measures the efficiency of a company in generating sales revenue from its fixed assets. A higher fixed asset turnover indicates that the company is generating more revenue per dollar of investment in fixed assets.

Analyzing the fixed asset turnover of Atmos Energy Corporation over the past few quarters, we can see a consistent trend with slight fluctuations. The ratio has ranged between 0.21 and 0.26, indicating that Atmos Energy has been able to effectively utilize its fixed assets to generate revenue.

The relatively stable range of fixed asset turnover suggests that Atmos Energy has been maintaining a consistent level of efficiency in utilizing its plant, property, and equipment to generate sales. This consistency in performance is a positive indication of the company's operational efficiency and effectiveness in managing its assets.

Overall, the fixed asset turnover ratio of Atmos Energy Corporation reflects a relatively stable and efficient utilization of fixed assets to generate revenue, demonstrating effective management of the company's assets over the analyzed periods.