CenterPoint Energy Inc (CNP)

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 8,643,000 8,563,000 8,567,000 8,537,000 8,696,000 9,225,000 9,268,000 9,337,000 9,321,000 8,924,000 8,770,000 8,568,000 8,352,000 8,092,000 7,965,000 7,798,000 7,418,000 8,594,000 9,714,000 10,937,000
Total assets US$ in thousands 43,768,000 42,893,000 40,976,000 40,199,000 39,715,000 39,001,000 38,097,000 37,752,000 38,546,000 36,719,000 36,216,000 35,202,000 37,679,000 37,160,000 36,466,000 35,906,000 33,471,000 32,705,000 32,148,000 33,395,000
Total asset turnover 0.20 0.20 0.21 0.21 0.22 0.24 0.24 0.25 0.24 0.24 0.24 0.24 0.22 0.22 0.22 0.22 0.22 0.26 0.30 0.33

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $8,643,000K ÷ $43,768,000K
= 0.20

CenterPoint Energy Inc's total asset turnover has been declining over the past few years, from 0.33 in March 2020 to 0.20 in December 2024. This indicates that the company's ability to generate sales from its total assets has decreased. A lower total asset turnover may suggest inefficiencies in asset utilization or declining sales relative to the size of its asset base. Management should closely monitor and address the factors contributing to this decline to improve operational efficiency and profitability in the future.