Consolidated Edison Inc (ED)

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	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
Total assets	US$ in thousands	66,331,000	64,405,000	63,771,000	62,804,000	69,065,000	65,763,000	65,072,000	63,737,000	63,116,000	62,938,000	62,919,000	62,299,000	62,895,000	59,595,000	59,081,000	59,159,000	58,079,000	55,940,000	55,602,000	55,066,000
Total asset turnover		0.22	0.24	0.24	0.25	0.23	0.23	0.22	0.22	0.22	0.21	0.21	0.20	0.19	0.21	0.21	0.21	0.22	0.22	0.23	0.23

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $14,663,000K ÷ $66,331,000K
= 0.22

Consolidated Edison, Inc.'s total asset turnover has shown consistency in the range of 0.22 to 0.25 over the past eight quarters. This ratio indicates that, on average, the company generated approximately 22% to 25% in revenues for every dollar of total assets it holds during the respective quarter. The stability in total asset turnover suggests that Con Edison is effectively utilizing its assets to generate revenue. While there hasn't been a significant increase in this ratio, the consistency implies that the company maintains a steady level of efficiency in asset utilization across different quarters. It is important for the company to continue monitoring and possibly improving this ratio to ensure optimal utilization of its assets and maximize revenue generation.