CenterPoint Energy Inc (CNP)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,643,000 | 8,696,000 | 9,321,000 | 8,352,000 | 7,418,000 |
| Total assets | US$ in thousands | 43,768,000 | 39,715,000 | 38,546,000 | 37,679,000 | 33,471,000 |
| Total asset turnover | 0.20 | 0.22 | 0.24 | 0.22 | 0.22 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $8,643,000K ÷ $43,768,000K
= 0.20
CenterPoint Energy Inc's total asset turnover has been relatively stable over the past five years, ranging from 0.20 to 0.24. This ratio indicates that, on average, the company generates $0.20 - $0.24 in revenue for every dollar of assets it holds. The consistency of the total asset turnover suggests that CenterPoint Energy is efficiently utilizing its assets to generate sales. However, the slight increase in 2022 may indicate improved efficiency in generating revenue from its assets. Overall, the company's total asset turnover ratio indicates effective asset management and utilization in generating revenue.
Peer comparison
Dec 31, 2024