Evergy Inc. Common Stock (EVRG)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,508,200 | 5,859,100 | 5,586,700 | 4,913,400 | 5,147,800 |
| Total assets | US$ in thousands | 30,976,100 | 29,489,900 | 28,520,500 | 27,114,800 | 25,975,900 |
| Total asset turnover | 0.18 | 0.20 | 0.20 | 0.18 | 0.20 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,508,200K ÷ $30,976,100K
= 0.18
The total asset turnover ratio for Evergy Inc has ranged between 0.18 and 0.20 over the past five years. This ratio indicates the company's efficiency in generating sales revenue from its total assets. A higher ratio is generally preferred as it suggests that the company is effectively utilizing its assets to generate sales.
However, the slight fluctuation in Evergy Inc's total asset turnover ratio suggests varying levels of asset utilization efficiency over the years. It would be advisable for the company to further analyze the reasons behind these fluctuations to optimize asset utilization and potentially improve overall financial performance.
Peer comparison
Dec 31, 2023