Eversource Energy (ES)

Fixed asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	11,910,680	12,246,180	12,670,280	12,613,580	12,289,250	11,741,430	10,958,630	10,508,490	9,863,020	9,615,070	9,525,870	9,356,470	8,904,330	8,720,800	8,553,000	8,484,400	8,526,500	8,511,000	8,606,600	8,576,000
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	27,585,500	26,911,900	26,304,400	26,032,800
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	0.31	0.32	0.33	0.33

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $11,910,680K ÷ $—K
= —

The fixed asset turnover ratio for Eversource Energy has been relatively consistent over the past eight quarters, ranging from 0.30 to 0.34. This ratio indicates that for every dollar invested in fixed assets, the company generates between $0.30 and $0.34 in revenue. A higher fixed asset turnover ratio is generally preferred, as it suggests that the company is efficiently utilizing its fixed assets to generate sales.

While Eversource Energy's fixed asset turnover ratio has remained stable, it is essential to compare this ratio with industry benchmarks to evaluate its performance in context. Additionally, any significant deviations or trends in the ratio over time may warrant further investigation to understand the company's asset management efficiency and operational effectiveness.