Peabody Energy Corp (BTU)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,946,700 | 4,981,900 | 3,318,300 | 2,881,100 | 4,623,400 |
| Total assets | US$ in thousands | 5,962,100 | 5,610,800 | 4,949,800 | 4,667,100 | 6,542,800 |
| Total asset turnover | 0.83 | 0.89 | 0.67 | 0.62 | 0.71 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,946,700K ÷ $5,962,100K
= 0.83
Peabody Energy Corp's total asset turnover has fluctuated over the past five years, ranging from 0.62 in 2020 to 0.89 in 2022. The ratio indicates how efficiently the company is utilizing its assets to generate revenue. A higher total asset turnover ratio implies that the company is generating more revenue per dollar of assets, reflecting better efficiency in asset utilization.
In the case of Peabody Energy Corp, the declining trend from 2022 to 2023 (0.89 to 0.83) suggests a slight decrease in the efficiency of asset utilization. However, the ratio remains relatively stable around 0.7 over the last few years, indicating consistent performance in this aspect of the business.
Overall, while the total asset turnover ratio for Peabody Energy Corp has shown some variability, it is essential to assess this ratio in conjunction with other financial metrics to gain a comprehensive understanding of the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023