Clearway Energy Inc Class C (CWEN)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,371,000 | 1,314,000 | 1,190,000 | 1,286,000 | 1,199,000 |
| Property, plant and equipment | US$ in thousands | 9,944,000 | 9,526,000 | 7,421,000 | 7,650,000 | 7,217,000 |
| Fixed asset turnover | 0.14 | 0.14 | 0.16 | 0.17 | 0.17 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,371,000K ÷ $9,944,000K
= 0.14
The fixed asset turnover ratio of Clearway Energy Inc Class C has shown a consistent trend over the years, hovering around 0.17 in both December 31, 2020, and December 31, 2021. However, there has been a slight decline in the ratio from 2022 to 2024, with the figure dropping to 0.14 by the end of December 31, 2024. This trend indicates that the company's efficiency in generating revenue from its fixed assets has decreased over the years, which may raise concerns about the optimal utilization of its asset base. Management should closely monitor this ratio and look for ways to improve efficiency in utilizing fixed assets to enhance overall operational performance and profitability.
Peer comparison
Dec 31, 2024