Eversource Energy (ES)

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	11,900,810	11,623,520	11,351,780	11,447,600	11,910,660	12,246,200	12,670,360	12,613,660	12,289,330	11,741,500	10,987,060	10,536,960	9,891,490	9,643,510	9,525,950	9,356,540	8,904,430	8,720,890	8,553,050	8,484,420
Property, plant and equipment	US$ in thousands	—	—	—	—	—	3,270,490	37,578,200	36,744,900	36,112,800	35,029,500	34,407,200	33,852,600	33,377,600	32,467,100	31,878,600	31,265,800	30,882,500	29,093,000	28,610,800	28,041,400
Fixed asset turnover		—	—	—	—	—	3.74	0.34	0.34	0.34	0.34	0.32	0.31	0.30	0.30	0.30	0.30	0.29	0.30	0.30	0.30

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $11,900,810K ÷ $—K
= —

The fixed asset turnover ratio measures how efficiently a company is generating revenue from its fixed assets. A higher ratio indicates better asset utilization. In the case of Eversource Energy, the fixed asset turnover has been consistently around 0.30 to 0.34 from March 2020 to June 2023. This suggests that the company was effectively utilizing its fixed assets to generate revenue during this period.

However, there was a significant spike in the fixed asset turnover to 3.74 as of September 30, 2023. This sudden increase may indicate a substantial improvement in asset utilization efficiency or a change in the company's operations that led to a more efficient turnover of fixed assets.

It is important to note that the fixed asset turnover data is not available for the periods from December 31, 2023, to December 31, 2024, which prevents a complete analysis of the trend during that time. An analysis of the factors contributing to the fluctuations in the fixed asset turnover ratio can provide further insights into Eversource Energy's asset management and operational performance.