Atmos Energy Corporation (ATO)

Total 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
Total assets	US$ in thousands	25,194,500	24,891,300	24,004,600	23,684,200	22,517,000	21,771,500	21,311,900	23,366,200	22,193,000	21,655,500	21,271,100	20,545,800	19,608,700	19,315,400	19,408,800	16,475,900	15,359,000	14,871,000	14,716,400	14,388,100
Total asset turnover		0.17	0.16	0.17	0.17	0.19	0.20	0.21	0.20	0.19	0.19	0.18	0.17	0.17	0.17	0.16	0.17	0.18	0.19	0.19	0.20

September 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,165,193K ÷ $25,194,500K
= 0.17

The total asset turnover of Atmos Energy Corporation has remained relatively stable over the past several quarters, ranging from 0.16 to 0.21. This ratio indicates that, on average, the company generates sales of approximately 16% to 21% of its total assets during each period. A consistent total asset turnover suggests that Atmos Energy is effectively utilizing its assets to generate revenue. However, it may also indicate that the company is operating in a capital-intensive industry where a larger asset base is required to support its operations. Monitoring changes in this ratio over time can provide insights into the company's operational efficiency and asset utilization.