Evergy Inc. Common Stock (EVRG)

Fixed 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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	5,508,200	5,599,900	5,839,700	5,932,000	5,859,100	5,701,600	5,409,000	5,198,700	5,586,700	5,559,000	5,460,100	5,408,600	4,913,400	4,950,600	5,010,600	5,047,600	5,147,800	5,216,000	5,220,900	4,892,600
Property, plant and equipment	US$ in thousands	23,595,100	23,141,400	22,838,800	22,329,000	22,136,500	21,686,900	21,468,600	21,157,700	21,002,600	20,603,900	20,324,100	20,102,200	19,951,000	19,624,100	19,191,800	19,223,200	19,184,400	18,976,100	18,923,300	18,838,100
Fixed asset turnover		0.23	0.24	0.26	0.27	0.26	0.26	0.25	0.25	0.27	0.27	0.27	0.27	0.25	0.25	0.26	0.26	0.27	0.27	0.28	0.26

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,508,200K ÷ $23,595,100K
= 0.23

Evergy Inc's fixed asset turnover has remained relatively stable over the past eight quarters, ranging from 0.23 to 0.26. This ratio indicates that, on average, Evergy generates between $0.23 and $0.26 in revenue for every dollar invested in fixed assets. A higher fixed asset turnover generally suggests more efficient utilization of fixed assets to generate sales. It is positive to see that Evergy's fixed asset turnover has been consistent over the analyzed period, indicating a consistent level of efficiency in generating revenue from its fixed assets. This stability suggests that Evergy has been effectively managing its fixed assets to support revenue generation. However, compared to industry benchmarks, Evergy's fixed asset turnover may be considered on the lower side, implying potential room for improvement in optimizing fixed asset utilization for revenue generation.