Edison International (EIX)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 17,599,000 | 16,338,000 | 17,220,000 | 14,905,000 | 13,578,000 |
| Total assets | US$ in thousands | 22,067,000 | 81,758,000 | 78,041,000 | 74,745,000 | 69,372,000 |
| Total asset turnover | 0.80 | 0.20 | 0.22 | 0.20 | 0.20 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $17,599,000K ÷ $22,067,000K
= 0.80
Edison International's total asset turnover ratio has remained relatively stable between 2020 and 2023, fluctuating around 0.20. However, there was a notable increase to 0.80 by December 31, 2024. This significant uptick in the total asset turnover ratio suggests that the company is generating more revenue relative to its total assets, indicating a more efficient utilization of its assets to generate sales. Further examination into the factors driving this improvement in asset turnover for the period ending December 31, 2024, may provide insights into Edison International's operational effectiveness and financial performance.
Peer comparison
Dec 31, 2024