Avista Corporation (AVA)

Total asset turnover

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	1,751,554	1,744,343	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	1,345,622	1,353,284	1,365,527	1,384,013
Total assets	US$ in thousands	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	6,082,460	5,964,780	5,877,930	5,889,980
Total asset turnover		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	0.22	0.23	0.23	0.23

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,751,554K ÷ $7,702,480K
= 0.23

The total asset turnover of Avista Corp. has been relatively consistent at 0.23 for the past eight quarters. This ratio indicates that, on average, the company generates $0.23 in revenue for every dollar of assets it holds. The stability in this ratio suggests that Avista Corp. has been efficient in utilizing its assets to generate sales over the period under review. However, the slight decrease in the ratio from 0.23 in Q1 2022 to 0.21 in Q1 2022 may be worth further investigation to understand if there have been any changes in the company's operations or asset management during that time. Overall, a consistent total asset turnover ratio indicates that Avista Corp. has been effectively using its assets to drive revenue.