Evergy, Inc. (EVRG)
Total 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 |
| Total assets | US$ in thousands | 32,282,100 | 32,244,200 | 29,489,900 | 28,520,500 | 27,114,800 |
| Total asset turnover | 0.18 | 0.17 | 0.20 | 0.20 | 0.18 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,847,300K ÷ $32,282,100K
= 0.18
Evergy, Inc.'s total asset turnover has shown a relatively stable trend over the past five years. The ratio increased from 0.18 in December 2020 to 0.20 in December 2021, and maintained this level through December 2022. However, there was a slight decline to 0.17 by December 2023, before recovering back to 0.18 by December 2024.
The total asset turnover ratio measures the efficiency of the company in generating revenue from its total assets. A higher ratio typically indicates better asset utilization. However, the fluctuations in Evergy's total asset turnover suggest some variability in how effectively the company is generating sales relative to its asset base. Further analysis and comparison with industry peers would provide additional insights into Evergy's asset management and operational efficiency.
Peer comparison
Dec 31, 2024