Eversource Energy (ES)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,910,700 | 12,289,300 | 9,863,080 | 8,904,430 | 8,526,500 |
| Total assets | US$ in thousands | 55,612,200 | 53,230,900 | 48,492,100 | 46,099,600 | 41,123,900 |
| Total asset turnover | 0.21 | 0.23 | 0.20 | 0.19 | 0.21 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $11,910,700K ÷ $55,612,200K
= 0.21
Eversource Energy's total asset turnover has been relatively consistent over the past five years, ranging from 0.19 to 0.23. The total asset turnover ratio indicates how efficiently the company is generating revenue from its assets. A higher ratio typically suggests better efficiency in asset utilization.
In 2022, the total asset turnover ratio decreased slightly to 0.23 from 0.21 in 2021. This could signal either improved efficiency in asset management or a decrease in sales relative to the total assets held. Although the ratio dropped to 0.20 in 2021, it remained within a close range, indicating a stable performance in generating revenue from assets.
Overall, Eversource Energy's total asset turnover appears to reflect a moderate level of asset efficiency. Management may need to continue monitoring and potentially improving asset utilization to drive revenue growth and operational effectiveness in the future.
Peer comparison
Dec 31, 2023