Constellation Energy Corp (CEG)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 24,918,000 | 24,440,000 | 19,649,000 |
| Property, plant and equipment | US$ in thousands | 22,116,000 | 19,822,000 | 19,612,000 |
| Fixed asset turnover | 1.13 | 1.23 | 1.00 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $24,918,000K ÷ $22,116,000K
= 1.13
Constellation Energy Corporation's fixed asset turnover ratio has exhibited fluctuating trends over the past four years. The ratio stood at 1.13 in 2023, indicating that the company generated $1.13 in revenue for every dollar invested in fixed assets during the year. This represents a slight decrease from the previous year, where the ratio was 1.23.
The trend in fixed asset turnover for Constellation Energy Corporation shows improvement over the last two years compared to 2020 and 2021. This suggests that the company has been more effective in utilizing its fixed assets to generate revenue. However, it is essential to note that factors such as industry competition, operational efficiency, and capital investments can influence changes in the fixed asset turnover ratio.
Overall, while the recent decrease in fixed asset turnover may raise some concerns, the company's ability to generate revenue from its fixed assets has generally improved in the last two years, signaling potential operational efficiencies and effective asset utilization strategies.
Peer comparison
Dec 31, 2023