Duke Energy Corporation (DUK)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 26,046,000 | 26,329,000 | 22,817,000 | 21,706,000 | 22,144,000 |
| Total assets | US$ in thousands | 176,893,000 | 178,086,000 | 169,587,000 | 162,388,000 | 158,838,000 |
| Total asset turnover | 0.15 | 0.15 | 0.13 | 0.13 | 0.14 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $26,046,000K ÷ $176,893,000K
= 0.15
The total asset turnover of Duke Energy Corp. has remained relatively consistent over the past five years, hovering around 0.15 to 0.16. This ratio indicates that for every dollar of total assets held by the company, it generates approximately 15 to 16 cents in revenue.
A total asset turnover ratio of around 0.15 to 0.16 suggests that Duke Energy is effectively utilizing its assets to generate revenue. However, a lower ratio compared to other companies in the same industry may indicate that Duke Energy could potentially improve its efficiency in generating revenue from its assets. Further analysis of Duke Energy's operational and financial performance is recommended to gain a more comprehensive understanding of its asset utilization efficiency.
Peer comparison
Dec 31, 2023