Duke Energy Corporation (DUK)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 30,357,000 | 29,060,000 | 28,768,000 | 25,097,000 | 23,366,000 |
| Total assets | US$ in thousands | 186,343,000 | 176,893,000 | 178,086,000 | 169,587,000 | 162,388,000 |
| Total asset turnover | 0.16 | 0.16 | 0.16 | 0.15 | 0.14 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $30,357,000K ÷ $186,343,000K
= 0.16
The total asset turnover ratio for Duke Energy Corporation has shown a consistent trend of improvement over the past five years. The ratio increased from 0.14 in December 2020 to 0.16 in December 2024. This indicates that the company is generating more sales relative to its total assets, which is a positive sign of efficiency in asset utilization. Duke Energy Corporation has been able to effectively leverage its assets to generate revenue, demonstrating improved operational efficiency and potentially better financial performance.
Peer comparison
Dec 31, 2024
Company name
Symbol
Total asset turnover
Duke Energy Corporation
DUK
0.16
Allete Inc
ALE
0.23
Alliant Energy Corp
LNT
0.18
Ameren Corp
AEE
0.40
Avista Corporation
AVA
0.24
CMS Energy Corporation
CMS
0.21
Consolidated Edison Inc
ED
0.66
Evergy, Inc.
EVRG
0.18
Exelon Corporation
EXC
0.21
NiSource Inc
NI
0.15
NorthWestern Corporation
NWE
0.19