Dominion Energy Inc (D)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 14,459,000 | 14,393,000 | 13,938,000 | 11,419,000 | 14,172,000 |
| Property, plant and equipment | US$ in thousands | — | — | 415,000 | 59,774,000 | 57,848,000 |
| Fixed asset turnover | — | — | 33.59 | 0.19 | 0.24 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $14,459,000K ÷ $—K
= —
The fixed asset turnover ratio measures the efficiency with which Dominion Energy Inc is generating revenue from its fixed assets. A higher ratio indicates that the company is utilizing its fixed assets effectively to generate sales.
In this case, Dominion Energy Inc's fixed asset turnover fluctuated over the years. On December 31, 2020, the ratio was 0.24, indicating that the company generated $0.24 in revenue for every dollar invested in fixed assets. By December 31, 2021, the ratio decreased to 0.19, suggesting a decline in the efficiency of utilizing fixed assets to generate sales.
However, there was a significant spike in the fixed asset turnover ratio to 33.59 on December 31, 2022, which may have been influenced by various factors such as increased revenue or a reduction in the value of fixed assets. The absence of data for the following years, December 31, 2023, and December 31, 2024, makes it challenging to provide a clear trend in the company's fixed asset turnover performance.
Overall, it is essential for Dominion Energy Inc to monitor and manage its fixed asset turnover ratio to ensure optimal utilization of fixed assets and drive revenue growth effectively.
Peer comparison
Dec 31, 2024