Eversource Energy (ES)

Total 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
Total assets	US$ in thousands	59,594,500	58,573,300	58,352,500	57,322,200	55,612,200	56,293,300	54,539,700	54,105,200	53,230,900	51,599,400	49,916,200	49,289,200	48,492,100	48,014,100	47,234,600	46,518,200	46,099,600	43,507,300	42,038,700	41,649,000
Total asset turnover		0.20	0.20	0.19	0.20	0.21	0.22	0.23	0.23	0.23	0.23	0.22	0.21	0.20	0.20	0.20	0.20	0.19	0.20	0.20	0.20

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $11,900,810K ÷ $59,594,500K
= 0.20

The total asset turnover ratio for Eversource Energy has shown stability over the past few years. It remained relatively constant around 0.20 in the period from March 2020 to June 2024. There was a slight increase in the ratio to 0.23 by September 2022 and it remained at this higher level until September 2023 before declining back to 0.21 by December 2023. Subsequently, the ratio fluctuated between 0.19 and 0.23 up to December 2024.

A total asset turnover ratio of around 0.20 to 0.23 suggests that Eversource Energy generates approximately 20 to 23 cents of revenue for every dollar of assets it holds. This indicates that the company is effectively utilizing its assets to generate revenue. It is important to note that other factors such as industry norms and the business model of the company should also be considered when interpreting this ratio.