Peabody Energy Corp (BTU)
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 | 4,946,700 | 5,337,800 | 5,601,400 | 5,654,500 | 4,981,900 | 4,620,400 | 3,956,900 | 3,358,400 | 3,318,300 | 2,790,900 | 2,782,900 | 2,686,200 | 2,881,100 | 3,261,300 | 3,696,700 | 4,219,000 | 4,623,400 | 4,903,100 | 5,237,500 | 5,295,600 |
| Total assets | US$ in thousands | 5,962,100 | 5,722,200 | 5,828,100 | 5,799,900 | 5,610,800 | 5,431,000 | 5,299,900 | 4,943,800 | 4,949,800 | 4,442,500 | 4,453,400 | 4,486,300 | 4,667,100 | 4,860,900 | 4,948,800 | 6,230,400 | 6,542,800 | 6,792,500 | 7,121,200 | 7,287,500 |
| Total asset turnover | 0.83 | 0.93 | 0.96 | 0.97 | 0.89 | 0.85 | 0.75 | 0.68 | 0.67 | 0.63 | 0.62 | 0.60 | 0.62 | 0.67 | 0.75 | 0.68 | 0.71 | 0.72 | 0.74 | 0.73 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,946,700K ÷ $5,962,100K
= 0.83
The total asset turnover of Peabody Energy Corp has shown fluctuations over the past years, ranging from 0.60 to 0.97. The ratio indicates how efficiently the company is generating sales from its assets. A higher total asset turnover suggests that the company is effectively utilizing its assets to generate revenue.
Peabody Energy Corp's total asset turnover has generally trended upwards in recent quarters, indicating an improvement in asset utilization. This could be attributed to better operational efficiency or strategic decisions that have increased the company's revenue generation relative to its total assets.
However, the ratio has experienced some volatility, which could be indicative of fluctuations in the company's sales or changes in its asset base. It is essential for Peabody Energy Corp to maintain a consistent and efficient asset turnover ratio to ensure optimal utilization of resources and sustainable business performance.
Peer comparison
Dec 31, 2023