Clearway Energy Inc Class C (CWEN)
Total 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 |
| Total assets | US$ in thousands | 14,701,000 | 13,370,000 | 12,624,000 | 12,749,000 | 12,312,000 | 12,596,000 | 12,648,000 | 12,628,000 | 12,813,000 | 11,780,000 | 11,881,000 | 11,848,000 | 10,592,000 | 9,725,000 | 9,736,000 | 9,555,000 | 9,700,000 | 8,838,000 | 8,731,000 | 8,465,000 |
| Total asset turnover | 0.09 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.11 | 0.10 | 0.10 | 0.11 | 0.12 | 0.11 | 0.11 | 0.11 | 0.12 | 0.12 | 0.12 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,314,000K ÷ $14,701,000K
= 0.09
The total asset turnover for Clearway Energy Inc over the past eight quarters has remained relatively stable, consistently averaging around 0.10. This ratio indicates that the company generates about 10 cents in revenue for every dollar of total assets it holds. A higher total asset turnover ratio typically suggests that a company is more efficient in generating sales using its assets. While a consistent ratio may indicate stable operations, it is essential to consider other factors such as industry benchmarks and specific business strategies to gain a deeper understanding of Clearway Energy Inc's asset utilization efficiency.
Peer comparison
Dec 31, 2023