Clearway Energy Inc Class C (CWEN)
Fixed 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 | 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 | 1,032,000 | 1,026,000 | 1,022,000 | 1,045,000 |
| Property, plant and equipment | US$ in thousands | 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 | 6,063,000 | 5,562,000 | 5,602,000 | 5,355,000 |
| Fixed asset turnover | 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 | 0.17 | 0.18 | 0.18 | 0.20 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,314,000K ÷ $9,526,000K
= 0.14
Clearway Energy Inc's fixed asset turnover has been relatively stable over the past eight quarters, ranging between 0.14 and 0.17. This ratio measures the company's ability to generate revenue from its investment in fixed assets. A higher fixed asset turnover indicates that the company is effectively utilizing its fixed assets to generate sales.
In the case of Clearway Energy Inc, the consistent range of 0.14 to 0.17 suggests that the company may not be fully optimizing the use of its fixed assets to generate revenue. The relatively low turnover ratio could indicate inefficiencies in the management or utilization of fixed assets.
It is important for Clearway Energy Inc to closely monitor and improve its fixed asset turnover over time to ensure that its assets are being used efficiently to generate revenue. This may involve optimizing asset utilization, reducing idle or underperforming assets, or exploring opportunities to increase revenue generated from existing fixed assets.
Peer comparison
Dec 31, 2023