CMS Energy Corporation (CMS)

Total 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	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	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	6,845,000	6,879,000	6,932,000	6,979,000
Total assets	US$ in thousands	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	26,837,000	26,009,000	25,292,000	24,793,000
Total asset turnover		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	0.26	0.26	0.27	0.28

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,462,000K ÷ $33,517,000K
= 0.22

The total asset turnover ratio for CMS Energy Corporation has been relatively stable over the past eight quarters, ranging from 0.22 to 0.27. This ratio indicates that for each dollar of total assets, CMS Energy Corporation generates between $0.22 and $0.27 of revenue. A higher total asset turnover ratio generally indicates that the company is more efficient in generating revenue from its assets. In this case, the company's total asset turnover has shown a slight decrease in recent quarters, which could suggest a potential decrease in efficiency in utilizing its assets to generate revenue. Further analysis and comparison with industry benchmarks may provide more insights into the company's operational efficiency and asset management strategies.