CMS Energy Corporation (CMS)
Total 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 |
| Total assets | US$ in thousands | 35,920,000 | 34,817,000 | 34,355,000 | 33,901,000 | 33,517,000 | 32,513,000 | 32,265,000 | 31,386,000 | 31,353,000 | 30,372,000 | 29,040,000 | 28,740,000 | 28,753,000 | 30,513,000 | 29,953,000 | 29,723,000 | 29,666,000 | 29,280,000 | 28,581,000 | 27,447,000 |
| Total asset turnover | 0.21 | 0.21 | 0.22 | 0.22 | 0.22 | 0.24 | 0.25 | 0.27 | 0.27 | 0.27 | 0.28 | 0.27 | 0.25 | 0.23 | 0.23 | 0.22 | 0.22 | 0.22 | 0.23 | 0.24 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,515,000K ÷ $35,920,000K
= 0.21
Total asset turnover is a financial ratio that indicates how efficiently a company is using its assets to generate revenue. In the case of CMS Energy Corporation, the total asset turnover ratio has fluctuated over the past few years. It stood at around 0.24 in March 2020 and gradually decreased to 0.21 by December 2024.
A lower total asset turnover ratio suggests that the company is not effectively utilizing its assets to generate revenue. This could be due to factors such as underutilization of assets, inefficient operations, or a decrease in sales relative to the size of the asset base.
It is important for CMS Energy Corporation to monitor its total asset turnover ratio and take necessary steps to improve asset efficiency, such as optimizing asset utilization, streamlining operations, or increasing sales to enhance revenue generation relative to its asset base.
Peer comparison
Dec 31, 2024