Constellation Energy Corp (CEG)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 24,918,000 | 24,440,000 | 19,649,000 |
| Total assets | US$ in thousands | 50,758,000 | 46,909,000 | 48,086,000 |
| Total asset turnover | 0.49 | 0.52 | 0.41 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $24,918,000K ÷ $50,758,000K
= 0.49
Constellation Energy Corporation's total asset turnover has been fluctuating over the past four years. The ratio measures how efficiently the company is utilizing its assets to generate revenue. A higher total asset turnover indicates better asset utilization.
In 2023, the total asset turnover decreased to 0.49 from 0.52 in 2022, suggesting a slight decline in asset efficiency. However, the ratio remains relatively stable compared to the previous years.
In 2021, there was a notable increase in total asset turnover to 0.41 from 0.37 in 2020, indicating improved asset utilization efficiency.
Overall, Constellation Energy Corporation's total asset turnover has shown mixed performance over the years, with fluctuations highlighting the importance of monitoring asset efficiency for sustainable revenue generation. Additional analysis of underlying factors affecting asset turnover may provide more insights into the company's operational efficiency.
Peer comparison
Dec 31, 2023