Duke Energy Corporation (DUK)

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	26,046,000	25,986,000	26,113,000	26,340,000	26,329,000	25,616,000	24,639,000	23,747,000	22,817,000	22,413,000	22,242,000	21,923,000	21,557,000	21,631,000	21,652,000	21,938,000	22,144,000	22,196,000	21,910,000	21,706,000
Total assets	US$ in thousands	176,893,000	181,160,000	180,076,000	178,833,000	178,086,000	176,340,000	172,383,000	171,220,000	169,587,000	167,007,000	165,385,000	163,465,000	162,388,000	161,409,000	160,049,000	160,072,000	158,838,000	155,917,000	153,449,000	151,136,000
Total asset turnover		0.15	0.14	0.15	0.15	0.15	0.15	0.14	0.14	0.13	0.13	0.13	0.13	0.13	0.13	0.14	0.14	0.14	0.14	0.14	0.14

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $26,046,000K ÷ $176,893,000K
= 0.15

The total asset turnover of Duke Energy Corp. has remained relatively stable at around 0.16 for the past eight quarters. This ratio indicates that for every dollar of total assets held by the company, it generates approximately $0.16 in revenue.

A total asset turnover of 0.16 suggests that Duke Energy is efficient in generating revenue relative to the size of its asset base. The stability of this ratio over time indicates consistent operational efficiency in utilizing its assets to generate sales.

However, it is important to consider industry norms and compare Duke Energy's total asset turnover with its peers to gain a better understanding of its performance in utilizing assets efficiently. Further analysis of the company's operational strategies and performance trends would provide insights into the factors driving its total asset turnover over time.