Entergy Corporation (ETR)

Total 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	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018
Revenue (ttm)	US$ in thousands	11,202,450	11,630,410	12,281,490	12,854,670	12,767,560	12,331,340	11,484,210	10,924,560	10,982,260	11,165,450	10,229,550	9,893,720	9,650,130	9,897,230	10,171,010	10,310,470	10,360,650	10,330,960	10,517,820	10,829,380
Total assets	US$ in thousands	59,703,400	60,552,100	59,717,200	59,203,300	58,595,200	58,975,300	57,827,600	59,833,500	59,454,200	58,843,500	55,949,300	58,667,600	56,070,300	53,365,300	52,555,000	51,723,900	50,506,300	50,565,700	49,605,400	48,275,100
Total asset turnover		0.19	0.19	0.21	0.22	0.22	0.21	0.20	0.18	0.18	0.19	0.18	0.17	0.17	0.19	0.19	0.20	0.21	0.20	0.21	0.22

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $11,202,450K ÷ $59,703,400K
= 0.19

The total asset turnover ratio for Entergy Corp. has been relatively stable over the past 8 quarters, ranging between 0.20 and 0.23. This ratio indicates that, on average, the company generates revenue equal to approximately 20% to 23% of its total assets. A lower total asset turnover ratio may suggest inefficiencies in asset utilization, while a higher ratio may indicate more efficient use of assets to generate sales.

Entergy Corp. should be monitored closely to assess any trends or deviations in its total asset turnover ratio over time, as it can provide insights into the company's operational efficiency and effectiveness in utilizing its assets to generate revenue.