CMS Energy Corporation (CMS)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	7,515,000	7,476,000	7,406,000	7,354,000	7,462,000	7,790,000	8,141,000	8,506,000	8,596,000	8,351,000	8,052,000	7,690,000	7,329,000	7,023,000	6,805,000	6,629,000	6,418,000	6,486,000	6,525,000	6,588,000
Property, plant and equipment	US$ in thousands	27,461,000	26,671,000	25,877,000	25,280,000	25,072,000	24,694,000	24,264,000	23,003,000	22,713,000	22,340,000	21,627,000	22,540,000	22,352,000	21,934,000	21,533,000	21,207,000	21,017,000	20,630,000	19,436,000	19,144,000
Fixed asset turnover		0.27	0.28	0.29	0.29	0.30	0.32	0.34	0.37	0.38	0.37	0.37	0.34	0.33	0.32	0.32	0.31	0.31	0.31	0.34	0.34

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $7,515,000K ÷ $27,461,000K
= 0.27

The fixed asset turnover ratio for CMS Energy Corporation has shown a fluctuating trend over the past five years, ranging between 0.27 and 0.38. This ratio indicates how efficiently the company is generating revenues from its fixed assets.

In the recent period, the fixed asset turnover ratio decreased from 0.34 in March 2024 to 0.27 in December 2024, suggesting a possible decrease in revenue generation from fixed assets or an increase in the value of fixed assets without a corresponding increase in revenue.

It is essential for the management of CMS Energy Corporation to closely monitor this ratio and investigate factors contributing to fluctuations to ensure optimal utilization of fixed assets and sustainable revenue generation.