Eversource Energy (ES)
Total 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 |
| Total assets | US$ in thousands | 59,594,500 | 55,612,200 | 53,230,900 | 48,492,100 | 46,099,600 |
| Total asset turnover | 0.20 | 0.21 | 0.23 | 0.20 | 0.19 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $11,900,800K ÷ $59,594,500K
= 0.20
The total asset turnover of Eversource Energy has shown a fluctuating trend over the past five years. The ratio increased from 0.19 on December 31, 2020, to 0.23 on December 31, 2022, indicating an improvement in the company's efficiency in generating sales relative to its total assets during this period. However, there was a slight decline to 0.21 on December 31, 2023, and then reverted back to 0.20 on December 31, 2024.
Overall, the average total asset turnover ratio of Eversource Energy over these five years was 0.21. This suggests that the company, on average, generated $0.21 in sales for every dollar of total assets it had during this period. It is important for the company to monitor and potentially improve this ratio further to ensure efficient utilization of its assets in generating revenue.
Peer comparison
Dec 31, 2024