Dominion Energy Inc (D)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 14,393,000 | 13,938,000 | 13,964,000 | 14,172,000 | 14,401,000 |
| Total assets | US$ in thousands | 109,000,000 | 104,800,000 | 99,600,000 | 95,900,000 | 103,800,000 |
| Total asset turnover | 0.13 | 0.13 | 0.14 | 0.15 | 0.14 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $14,393,000K ÷ $109,000,000K
= 0.13
The total asset turnover ratio measures how efficiently a company utilizes its total assets to generate revenue. Dominion Energy Inc's total asset turnover has fluctuated over the past five years, ranging from 0.13 to 0.16.
In 2023, the total asset turnover decreased to 0.13, indicating that for every dollar of assets, the company generated $0.13 in revenue. This suggests a decline in efficiency in asset utilization compared to the previous year.
The ratio was highest in 2022 at 0.16, indicating that the company generated $0.16 in revenue for every dollar of total assets. This could imply better asset utilization efficiency during that period.
Overall, Dominion Energy Inc's total asset turnover has shown some variability, which could be influenced by factors such as changes in the company's operations, asset base, or revenue generation strategies. Further analysis and comparison with industry benchmarks may provide additional insights into the company's asset utilization efficiency.
Peer comparison
Dec 31, 2023