Entergy Corporation (ETR)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,209,600 | 12,477,900 | 10,993,900 | 10,116,300 | 10,266,400 |
| Total assets | US$ in thousands | 59,703,400 | 58,595,200 | 59,454,200 | 51,723,900 | 48,275,100 |
| Total asset turnover | 0.19 | 0.21 | 0.18 | 0.20 | 0.21 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $11,209,600K ÷ $59,703,400K
= 0.19
Entergy Corp.'s total asset turnover has fluctuated over the past five years. In 2023 and 2021, the company achieved total asset turnover of 0.20, suggesting that for every dollar of total assets, Entergy generated $0.20 in revenue. This indicates a moderate efficiency in asset utilization.
In 2022, the total asset turnover slightly improved to 0.23, reflecting an increase in revenue generated per dollar of assets compared to the previous year. However, in 2020, the total asset turnover was lower at 0.17, indicating less efficient utilization of assets to generate revenue.
The highest total asset turnover of 0.21 was recorded in 2019, suggesting better asset efficiency in that year compared to 2020 and a similar level as in 2023 and 2021. Overall, the trend in total asset turnover for Entergy Corp. shows some variability, with room for improvement in optimizing asset utilization to generate revenue.
Peer comparison
Dec 31, 2023