Evergy, Inc. (EVRG)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,847,300 | 5,508,200 | 5,859,100 | 5,586,700 | 4,913,400 |
| Property, plant and equipment | US$ in thousands | — | — | 22,136,500 | 21,002,600 | 19,951,000 |
| Fixed asset turnover | — | — | 0.26 | 0.27 | 0.25 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $5,847,300K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures how efficiently a company is utilizing its fixed assets to generate revenue. Looking at the data provided for Evergy, Inc., we can see that the fixed asset turnover ratio has been relatively stable over the years.
In December 31, 2020, the fixed asset turnover was 0.25, which increased slightly to 0.27 by December 31, 2021. However, by December 31, 2022, the ratio decreased to 0.26. Unfortunately, there is no data available for December 31, 2023 and December 31, 2024.
Overall, a fixed asset turnover ratio below 1 indicates that the company is not efficiently using its fixed assets to generate revenue. It is important for Evergy, Inc. to monitor and potentially improve this ratio over time to ensure optimal utilization of its fixed assets and maximize profitability.
Peer comparison
Dec 31, 2024