Dominion Energy Inc (D)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 14,459,000 | 14,593,000 | 14,462,000 | 14,142,000 | 14,393,000 | 15,772,000 | 15,925,000 | 16,355,000 | 16,751,000 | 15,718,000 | 14,931,000 | 14,373,000 | 13,964,000 | 13,605,000 | 14,036,000 | 14,104,000 | 14,172,000 | 15,126,000 | 15,301,000 | 16,165,000 |
| Total assets | US$ in thousands | 102,415,000 | 99,820,000 | 100,417,000 | 102,005,000 | 109,032,000 | 105,943,000 | 106,064,000 | 105,325,000 | 104,243,000 | 103,535,000 | 103,678,000 | 100,852,000 | 99,590,000 | 99,804,000 | 97,963,000 | 96,703,000 | 95,905,000 | 104,535,000 | 103,728,000 | 104,126,000 |
| Total asset turnover | 0.14 | 0.15 | 0.14 | 0.14 | 0.13 | 0.15 | 0.15 | 0.16 | 0.16 | 0.15 | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 0.15 | 0.15 | 0.14 | 0.15 | 0.16 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $14,459,000K ÷ $102,415,000K
= 0.14
Total asset turnover is a financial ratio that measures how efficiently a company utilizes its assets to generate revenue. It is calculated by dividing total revenue by average total assets.
Based on the data provided for Dominion Energy Inc, the total asset turnover ratio has fluctuated over the quarters ranging from 0.13 to 0.16. The trend shows that the ratio remained relatively stable around 0.14 to 0.15 for most of the quarters, with occasional variations.
A total asset turnover ratio of less than 1 indicates that Dominion Energy Inc generates less revenue per dollar of assets, which may suggest inefficiency in asset utilization. However, it is important to consider the nature of the utility industry, where significant investments in long-term assets are required, leading to lower asset turnover ratios compared to other industries.
Overall, the company's total asset turnover ratio has shown consistency over the quarters, indicating a stable level of asset utilization efficiency within the context of its industry.
Peer comparison
Dec 31, 2024