Eversource Energy (ES)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,900,800 | 11,910,700 | 12,289,300 | 9,863,080 | 8,904,430 |
| Property, plant and equipment | US$ in thousands | — | — | 36,112,800 | 33,377,600 | 30,882,500 |
| Fixed asset turnover | — | — | 0.34 | 0.30 | 0.29 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $11,900,800K ÷ $—K
= —
The fixed asset turnover ratio for Eversource Energy has been relatively stable over the past few years. In December 31, 2020, the fixed asset turnover was 0.29, which increased slightly to 0.30 by December 31, 2021, and further improved to 0.34 by December 31, 2022. This indicates that the company generated $0.29, $0.30, and $0.34 in revenue for every dollar invested in fixed assets during these respective years.
However, it is noteworthy that the data is unavailable for December 31, 2023 and December 31, 2024, as denoted by "—". This lack of data may be due to various reasons, such as changes in accounting practices or reporting delays.
Overall, the increasing trend in the fixed asset turnover ratio suggests that Eversource Energy is utilizing its fixed assets more efficiently to generate revenue over time. Further analysis and comparison with industry benchmarks would provide more insights into the company's asset management efficiency and operational performance.
Peer comparison
Dec 31, 2024