Avista Corporation (AVA)
Fixed 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 | 1,938,000 | 1,922,590 | 1,908,372 | 1,886,237 | 1,751,452 | 1,744,241 | 1,724,163 | 1,722,792 | 1,710,207 | 1,631,862 | 1,568,423 | 1,488,112 | 1,438,936 | 1,387,555 | 1,364,194 | 1,344,531 | 1,321,891 | 1,306,027 | 1,317,151 | 1,339,371 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 335,685 | 312,834 | 5,472,130 | 5,444,710 | 5,378,840 | 5,307,410 | 5,250,280 | 5,225,520 | 5,168,820 | 5,100,760 | 5,027,100 | 4,991,610 | 4,930,360 | 4,883,130 | 4,842,320 |
| Fixed asset turnover | — | — | — | — | — | 5.20 | 5.51 | 0.31 | 0.31 | 0.30 | 0.30 | 0.28 | 0.28 | 0.27 | 0.27 | 0.27 | 0.26 | 0.26 | 0.27 | 0.28 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,938,000K ÷ $—K
= —
The fixed asset turnover ratio measures a company's ability to generate revenue from its investment in fixed assets such as property, plant, and equipment.
Looking at the data provided for Avista Corporation from March 31, 2020, to September 30, 2024, we observe a fluctuating trend in the fixed asset turnover ratio. The ratio decreased from 0.28 in March 2020 to a low of 0.26 in September 2020 and December 2020. This decline suggests that Avista was not efficiently utilizing its fixed assets to generate revenue during that period.
From March 2021 to June 2022, the fixed asset turnover ratio remained relatively stable between 0.27 and 0.30, indicating a consistent level of efficiency in utilizing fixed assets to generate revenue.
However, a significant spike is observed in the ratio in the second quarter of 2023, where it jumped to 5.51, a considerable deviation from the previous values. This sudden increase could be attributed to various factors such as a sale of fixed assets, revaluation, or a spike in revenue without a corresponding increase in fixed assets.
As of December 31, 2023, the fixed asset turnover ratio data is unavailable, indicated by "—", preventing further analysis of the company's fixed asset efficiency. The subsequent data points from March 31, 2024, onwards are also missing, limiting the ability to assess the recent trend in Avista Corporation's fixed asset turnover.
In conclusion, the fixed asset turnover ratio for Avista Corporation exhibited fluctuations over the period analyzed, with periods of efficiency followed by anomalies. The missing data points towards the end of the period hinder a comprehensive evaluation of the company's fixed asset utilization in more recent periods.
Peer comparison
Dec 31, 2024