CenterPoint Energy Inc (CNP)

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	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	8,630,000	8,713,000	8,775,000	8,581,000	9,135,000	9,663,000
Total assets	US$ in thousands	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	35,529,000	34,642,000	34,189,000	33,902,000
Total asset turnover		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	0.27	0.26	0.25	0.25	0.27	0.29

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $8,696,000K ÷ $39,715,000K
= 0.22

The total asset turnover of Centerpoint Energy Inc. has ranged from 0.22 to 0.25 over the past eight quarters. This indicates that, on average, the company generated revenue equal to approximately 22% to 25% of its total assets each quarter.

A total asset turnover ratio below 1 typically suggests that the company is not efficiently utilizing its assets to generate sales. In this case, Centerpoint Energy Inc. seems to be operating at a relatively low asset turnover level, which could be a concern for investors and creditors.

It is important for the company to assess and improve its asset management strategies to potentially increase its total asset turnover ratio, thereby increasing revenue generation from its asset base.