Avista Corporation (AVA)

Total asset turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 1,938,000 1,751,550 1,710,210 1,438,940 1,321,890
Total assets US$ in thousands 7,941,000 7,702,480 7,417,350 6,853,580 6,402,100
Total asset turnover 0.24 0.23 0.23 0.21 0.21

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $1,938,000K ÷ $7,941,000K
= 0.24

The total asset turnover ratio for Avista Corporation has shown a stable trend over the past five years, increasing slightly from 0.21 in December 31, 2020 and 2021 to 0.24 in December 31, 2024. This indicates that, on average, the company generated $0.24 in revenue for every dollar of assets held during the most recent fiscal year. A higher total asset turnover ratio generally suggests that the company is more efficient in utilizing its assets to generate revenue. Avista Corporation's increasing total asset turnover ratio may suggest improved efficiency in managing its assets to generate sales revenue.