Dominion Energy Inc (D)
Total 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 |
| Total assets | US$ in thousands | 102,415,000 | 109,032,000 | 104,243,000 | 99,590,000 | 95,905,000 |
| Total asset turnover | 0.14 | 0.13 | 0.13 | 0.11 | 0.15 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $14,459,000K ÷ $102,415,000K
= 0.14
The total asset turnover ratio for Dominion Energy Inc has shown a fluctuating trend over the years. In 2020, the ratio was 0.15, indicating that the company generated $0.15 in sales for every $1 of total assets. However, by the end of 2021, the ratio had decreased to 0.11, suggesting a decrease in the efficiency of utilizing assets to generate revenue.
Subsequently, in 2022, the total asset turnover improved slightly to 0.13, before maintaining the same level in 2023. This indicates that the company was able to generate $0.13 in sales for every $1 of total assets in both years.
By the end of 2024, the total asset turnover ratio increased to 0.14, reflecting a moderate improvement in asset utilization efficiency compared to the previous year. Overall, Dominion Energy Inc has experienced fluctuations in its total asset turnover ratio, signifying varying levels of efficiency in utilizing its assets to generate revenue over the years.
Peer comparison
Dec 31, 2024