Clearway Energy Inc Class C (CWEN)
Fixed 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 | 1,371,000 | 1,364,000 | 1,249,000 | 1,289,000 | 1,314,000 | 1,333,000 | 1,302,000 | 1,264,000 | 1,190,000 | 1,240,000 | 1,251,000 | 1,263,000 | 1,286,000 | 1,248,000 | 1,229,000 | 1,178,000 | 1,199,000 | 1,154,000 | 1,118,000 | 1,073,000 |
| Property, plant and equipment | US$ in thousands | 9,944,000 | 9,895,000 | 9,952,000 | 9,746,000 | 9,526,000 | 8,025,000 | 7,748,000 | 7,863,000 | 7,421,000 | 7,437,000 | 7,545,000 | 7,661,000 | 7,650,000 | 7,438,000 | 7,537,000 | 7,490,000 | 7,217,000 | 6,165,000 | 6,256,000 | 6,001,000 |
| Fixed asset turnover | 0.14 | 0.14 | 0.13 | 0.13 | 0.14 | 0.17 | 0.17 | 0.16 | 0.16 | 0.17 | 0.17 | 0.16 | 0.17 | 0.17 | 0.16 | 0.16 | 0.17 | 0.19 | 0.18 | 0.18 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,371,000K ÷ $9,944,000K
= 0.14
The fixed asset turnover ratio for Clearway Energy Inc Class C has shown a general trend of fluctuation over the period from March 31, 2020, to December 31, 2024. The ratio started at 0.18 in March 2020 and remained relatively stable around this level until December 2021, with slight variations between 0.16 and 0.19.
From March 2022 to December 2024, the fixed asset turnover ratio experienced a decreasing trend, dropping from 0.16 to 0.14. This decline indicates that Clearway Energy Inc Class C's efficiency in generating revenue from its fixed assets has weakened over this period.
The decreasing fixed asset turnover ratio may suggest that the company's fixed assets are not being utilized as effectively to generate sales or that the company may have acquired additional fixed assets without a proportional increase in revenue generation.
It may be advisable for Clearway Energy Inc Class C to evaluate its fixed asset management strategies and consider ways to enhance the utilization of its fixed assets to improve its revenue generation efficiency in the future.
Peer comparison
Dec 31, 2024