Consolidated Edison Inc (ED)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 15,256,000 | 14,663,000 | 15,670,000 | 13,676,000 | 12,246,000 |
| Total assets | US$ in thousands | 23,001,000 | 66,331,000 | 69,065,000 | 63,116,000 | 62,895,000 |
| Total asset turnover | 0.66 | 0.22 | 0.23 | 0.22 | 0.19 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $15,256,000K ÷ $23,001,000K
= 0.66
Consolidated Edison Inc's total asset turnover has shown an increasing trend over the past years, from 0.19 in December 2020 to 0.66 in December 2024. This indicates that the company is generating more revenue relative to its total assets, reflecting efficient asset utilization. The improvement in total asset turnover suggests that Consolidated Edison Inc is effectively generating sales from its asset base, which is a positive sign for investors and indicates operational efficiency and potentially effective management of assets. However, the significant jump in 2024 should be further investigated to ensure it is sustainable and not driven by any one-off factors.
Peer comparison
Dec 31, 2024