Dominion Energy Inc (D)
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 | 14,393,000 | 14,666,000 | 14,817,000 | 15,247,000 | 15,643,000 | 15,716,000 | 14,931,000 | 14,373,000 | 13,964,000 | 13,605,000 | 14,036,000 | 14,104,000 | 14,172,000 | 14,546,000 | 14,721,000 | 15,058,000 | 14,401,000 | 13,867,000 | 13,536,000 | 13,181,000 |
| Property, plant and equipment | US$ in thousands | 58,780,000 | 56,161,000 | 66,543,000 | 64,625,000 | 52,312,000 | 62,894,000 | 61,264,000 | 60,121,000 | 59,774,000 | 58,386,000 | 59,226,000 | 58,421,000 | 57,848,000 | 56,788,000 | 67,980,000 | 67,396,000 | 57,200,000 | 67,978,000 | 67,141,000 | 66,567,000 |
| Fixed asset turnover | 0.24 | 0.26 | 0.22 | 0.24 | 0.30 | 0.25 | 0.24 | 0.24 | 0.23 | 0.23 | 0.24 | 0.24 | 0.24 | 0.26 | 0.22 | 0.22 | 0.25 | 0.20 | 0.20 | 0.20 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $14,393,000K ÷ $58,780,000K
= 0.24
Fixed asset turnover is a key financial ratio that measures a company's ability to generate revenue relative to its investment in fixed assets. For Dominion Energy Inc, the fixed asset turnover ratio has fluctuated over the past eight quarters, ranging from 0.24 to 0.32.
In Q4 2023, the fixed asset turnover ratio stood at 0.24, indicating that Dominion Energy generated $0.24 in revenue for every dollar invested in fixed assets during that quarter. This represents a decrease from the previous quarter's ratio of 0.32.
The trend of the fixed asset turnover ratio for Dominion Energy Inc shows some variability, with fluctuations within a relatively narrow range. This may suggest that the company's efficiency in utilizing its fixed assets to generate revenue has not shown significant improvement or deterioration over the period analyzed.
It is important for investors and stakeholders to closely monitor the fixed asset turnover ratio, as it provides insights into the company's operational efficiency and asset utilization. Further analysis and comparison with industry benchmarks may help in evaluating Dominion Energy's performance in this aspect relative to its peers.
Peer comparison
Dec 31, 2023