Consolidated Edison Inc (ED)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 14,663,000 | 15,670,000 | 13,676,000 | 12,246,000 | 12,574,000 |
| Total assets | US$ in thousands | 66,331,000 | 69,065,000 | 63,116,000 | 62,895,000 | 58,079,000 |
| Total asset turnover | 0.22 | 0.23 | 0.22 | 0.19 | 0.22 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $14,663,000K ÷ $66,331,000K
= 0.22
Consolidated Edison, Inc.'s total asset turnover has shown fluctuation over the past five years. The total asset turnover ratio indicates the company's efficiency in generating sales revenue from its total assets.
In 2023, the total asset turnover ratio was 0.22, a slight decrease from the previous year. This suggests that Consolidated Edison generated $0.22 in revenue for every dollar of total assets held in 2023.
Compared to 2020 and 2019, the total asset turnover ratio improved, indicating that the company's efficiency in utilizing its assets to generate revenue has strengthened. However, a downward trend was observed from 2022 to 2023, highlighting a potential inefficiency in asset utilization during that period.
Overall, the total asset turnover ratio for Consolidated Edison, Inc. has been relatively stable in the range of 0.19 to 0.23 over the past five years, signifying a moderate level of efficiency in converting assets into sales.
Peer comparison
Dec 31, 2023