Edison International (EIX)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 16,338,000 | 17,220,000 | 14,905,000 | 13,578,000 | 12,347,000 |
| Total assets | US$ in thousands | 81,758,000 | 78,041,000 | 74,745,000 | 69,372,000 | 64,382,000 |
| Total asset turnover | 0.20 | 0.22 | 0.20 | 0.20 | 0.19 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $16,338,000K ÷ $81,758,000K
= 0.20
The total asset turnover ratio measures the efficiency with which a company generates revenue relative to its total assets. Edison International's total asset turnover ratio has ranged between 0.19 to 0.22 over the past five years, indicating that the company is able to generate revenue of approximately 20% to 22% for every dollar of assets it holds.
The consistency of the total asset turnover ratio around the 0.20 mark suggests that Edison International has been effectively utilizing its assets to generate revenue over the years. A relatively stable total asset turnover ratio may indicate that the company has efficient asset management practices that allow it to maximize revenue generation from its asset base.
However, it is essential to consider industry benchmarks and trends in relation to total asset turnover to assess Edison International's performance relative to its peers. Additionally, further analysis and comparison with historical data and industry averages can provide more insights into the company's operational efficiency and asset utilization.
Peer comparison
Dec 31, 2023