Clearway Energy Inc Class C (CWEN)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,314,000 | 1,190,000 | 1,286,000 | 1,199,000 | 1,032,000 |
| Total assets | US$ in thousands | 14,701,000 | 12,312,000 | 12,813,000 | 10,592,000 | 9,700,000 |
| Total asset turnover | 0.09 | 0.10 | 0.10 | 0.11 | 0.11 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,314,000K ÷ $14,701,000K
= 0.09
Clearway Energy Inc's total asset turnover has been relatively stable over the past five years, ranging from 0.09 to 0.11. The total asset turnover ratio measures how efficiently the company is utilizing its assets to generate revenue. A higher total asset turnover ratio indicates that the company is generating more revenue per dollar of assets, reflecting stronger asset utilization efficiency.
In this case, Clearway Energy Inc's total asset turnover has fluctuated slightly around the 0.10 mark in recent years. While the ratio is not particularly high, it suggests that the company is effectively using its assets to generate revenue. It is important to consider industry norms and compare Clearway Energy Inc's ratio to its peers to gain a better understanding of its asset efficiency.
Overall, a stable total asset turnover ratio indicates that Clearway Energy Inc has maintained a consistent level of asset utilization efficiency over the reviewed period.
Peer comparison
Dec 31, 2023