Dominion Energy Inc (D)

Total 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
Total assets	US$ in thousands	109,000,000	105,943,000	106,064,000	105,325,000	104,800,000	103,535,000	103,678,000	100,852,000	99,600,000	99,804,000	97,963,000	96,703,000	95,900,000	104,535,000	103,728,000	104,126,000	103,800,000	102,359,000	100,822,000	100,054,000
Total asset turnover		0.13	0.14	0.14	0.14	0.15	0.15	0.14	0.14	0.14	0.14	0.14	0.15	0.15	0.14	0.14	0.14	0.14	0.14	0.13	0.13

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $14,393,000K ÷ $109,000,000K
= 0.13

Dominion Energy Inc's total asset turnover ratio has remained relatively stable over the past eight quarters, ranging from 0.13 to 0.17. The total asset turnover ratio indicates how efficiently the company is utilizing its assets to generate revenue.

A total asset turnover ratio of 0.13 to 0.17 suggests that for every dollar of assets owned by Dominion Energy Inc, the company generates approximately $0.13 to $0.17 in revenue. This indicates that the company is able to generate revenue using its assets, but there may be room for improvement in optimizing asset utilization.

Overall, the consistency of the total asset turnover ratio over the quarters indicates that Dominion Energy Inc is maintaining a relatively stable level of efficiency in generating revenue from its assets. However, management may want to explore strategies to further improve asset turnover to enhance overall operational efficiency and profitability.