Consolidated Edison Inc (ED)

Fixed 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	14,663,000	15,250,000	15,543,000	16,014,000	15,671,000	15,055,000	14,503,000	14,059,000	13,676,000	13,221,000	12,941,000	12,689,000	12,246,000	12,237,000	12,269,000	12,294,000	12,574,000	12,572,000	12,535,000	12,487,000
Property, plant and equipment	US$ in thousands	49,608,000	48,535,000	47,927,000	47,290,000	46,766,000	50,392,000	49,660,000	49,018,000	48,596,000	47,947,000	47,339,000	47,069,000	46,555,000	45,564,000	44,897,000	44,435,000	43,889,000	43,234,000	42,745,000	42,152,000
Fixed asset turnover		0.30	0.31	0.32	0.34	0.34	0.30	0.29	0.29	0.28	0.28	0.27	0.27	0.26	0.27	0.27	0.28	0.29	0.29	0.29	0.30

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $14,663,000K ÷ $49,608,000K
= 0.30

Consolidated Edison, Inc.'s fixed asset turnover ratio has exhibited stability in the past eight quarters. The ratio has ranged between 0.29 and 0.34, indicating that for each dollar invested in fixed assets, the company is generating between $0.29 and $0.34 in sales revenue.

It is noteworthy that the fixed asset turnover ratio has shown an upward trend, increasing from 0.30 in Q4 2022 to 0.34 in Q1 2023 before fluctuating slightly in subsequent quarters. This trend suggests that the company has been more efficient in utilizing its fixed assets to generate revenue.

Overall, Consolidated Edison, Inc. has been able to effectively manage its fixed assets to generate sales, although there may be further room for improvement in enhancing asset utilization efficiency.