Clearway Energy Inc Class C (CWEN)
Total 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 |
| Total assets | US$ in thousands | 14,329,000 | 14,701,000 | 12,312,000 | 12,813,000 | 10,592,000 |
| Total asset turnover | 0.10 | 0.09 | 0.10 | 0.10 | 0.11 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,371,000K ÷ $14,329,000K
= 0.10
The total asset turnover for Clearway Energy Inc Class C has been relatively stable over the past five years, hovering around the range of 0.09 to 0.11. This ratio indicates how efficiently the company is utilizing its assets to generate revenue.
A total asset turnover ratio of 0.10 in December 31, 2021, and December 31, 2022 means that for every dollar of assets Clearway Energy Inc Class C had during those periods, it generated 10 cents of revenue. Similarly, a total asset turnover ratio of 0.09 in December 31, 2023, and 0.10 in December 31, 2024 show a minor decrease and recovery in asset utilization.
Overall, the total asset turnover ratio suggests that Clearway Energy Inc Class C may not be efficiently using its assets to generate revenue compared to other companies in the industry. It may be beneficial for the company to explore ways to improve operational efficiency and asset management to enhance its revenue generation capabilities.
Peer comparison
Dec 31, 2024