Constellation Energy Corp (CEG)
Fixed 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 24,918,000 | 26,455,000 | 26,395,000 | 26,414,000 | 24,440,000 | 22,639,000 | |||
| Property, plant and equipment | US$ in thousands | 22,116,000 | 20,849,000 | 20,239,000 | 20,074,000 | 19,822,000 | 19,705,000 | 19,739,000 | 19,837,000 | 19,612,000 |
| Fixed asset turnover | 1.13 | 1.27 | 1.30 | 1.32 | 1.23 | 1.15 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $24,918,000K ÷ $22,116,000K
= 1.13
Constellation Energy Corporation's fixed asset turnover has shown a fluctuating trend over the past five quarters. The ratio ranged from a low of 1.13 in Q4 2023 to a high of 1.32 in Q1 2023, showing some volatility in the efficiency of the company in generating sales from its fixed assets. Despite the fluctuations, the company's fixed asset turnover generally remained above 1, indicating that Constellation Energy efficiently utilizes its fixed assets to generate revenue. However, a further analysis of the company's fixed asset turnover trend and comparison with industry peers would provide a more holistic understanding of its asset utilization efficiency.
Peer comparison
Dec 31, 2023