Edison International (EIX)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 17,599,000 | 17,321,000 | 16,822,000 | 16,450,000 | 16,338,000 | 16,648,000 | 17,174,000 | 17,218,000 | 17,220,000 | 16,535,000 | 16,606,000 | 15,913,000 | 14,905,000 | 14,731,000 | 14,076,000 | 13,748,000 | 13,578,000 | 13,391,000 | 12,488,000 | 12,313,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 1,494,000 | 54,326,000 | 54,170,000 | 1,654,000 | 54,129,000 | 51,695,000 | 51,000,000 | 50,700,000 | 51,286,000 | 50,036,000 | 48,284,000 | 47,839,000 | 46,470,000 | 46,225,000 | 44,820,000 |
| Fixed asset turnover | — | — | — | — | — | 11.14 | 0.32 | 0.32 | 10.41 | 0.31 | 0.32 | 0.31 | 0.29 | 0.29 | 0.28 | 0.28 | 0.28 | 0.29 | 0.27 | 0.27 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $17,599,000K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its investment in fixed assets. Looking at the historical trend of Edison International's fixed asset turnover, we observe fluctuations in the ratio over the years.
From March 31, 2020, to September 30, 2021, the fixed asset turnover remained relatively stable, ranging between 0.27 and 0.29. This indicates that the company was generating approximately 0.27 to 0.29 units of sales for every unit of fixed assets during this period.
However, there was a notable increase in the fixed asset turnover ratio in the following quarters, reaching 0.31 by March 31, 2022, and further increasing to 10.41 by December 31, 2022. Such a sharp rise is unusual and could be a result of specific events or adjustments in the financial statements that need to be further investigated for a clear understanding.
Subsequently, the ratio stabilized around 0.32 from March 31, 2023, to June 30, 2023. However, there was a significant spike to 11.14 by September 30, 2023. It should be noted that a sudden increase of this magnitude is atypical and may warrant a closer examination of the company's financial activities during this period.
The absence of data for the fixed asset turnover ratio from December 31, 2023, onwards raises questions about the completeness and reliability of the financial information provided. It is essential for investors and financial analysts to seek clarification from the company regarding missing data points to gain a comprehensive understanding of Edison International's performance.
In conclusion, the analysis of Edison International's fixed asset turnover reveals a mix of stable performance and sudden spikes in the ratio over the years. Further investigation and additional information are necessary to fully interpret the significance of these fluctuations and assess the company's overall efficiency in utilizing its fixed assets to generate sales.
Peer comparison
Dec 31, 2024