Avista Corporation (AVA)

Total 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
Total assets	US$ in thousands	7,941,000	7,780,880	7,683,770	7,648,980	7,702,480	7,470,030	7,371,320	7,393,930	7,417,350	7,055,800	6,937,710	7,036,010	6,853,580	6,731,480	6,646,300	6,399,500	6,402,100	6,283,130	6,302,620	6,174,000
Total asset turnover		0.24	0.25	0.25	0.25	0.23	0.23	0.23	0.23	0.23	0.23	0.23	0.21	0.21	0.21	0.21	0.21	0.21	0.21	0.21	0.22

December 31, 2024 calculation

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

The total asset turnover for Avista Corporation has been relatively stable around the range of 0.21 to 0.25 over the past few years. This ratio indicates how efficiently the company is utilizing its assets to generate revenue. A higher total asset turnover ratio typically signifies that the company is able to generate more revenue per dollar of assets, which is generally seen as a positive sign of operational efficiency.

In the case of Avista Corporation, the slight increase in total asset turnover from 0.21 in March 2024 to 0.25 in June 2024 suggests an improvement in asset utilization during that period. However, it is important to analyze this ratio alongside other financial metrics to gain a comprehensive understanding of the company's operational performance and financial health.