Evergy Inc. Common Stock (EVRG)

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	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
Total assets	US$ in thousands	30,976,100	30,616,000	30,277,100	29,685,900	29,489,900	29,247,600	29,188,800	28,739,900	28,520,500	28,182,100	28,008,800	28,020,100	27,114,800	26,881,200	26,250,400	26,184,700	25,975,900	25,907,500	25,718,400	26,060,700
Total asset turnover		0.18	0.18	0.19	0.20	0.20	0.19	0.19	0.18	0.20	0.20	0.19	0.19	0.18	0.18	0.19	0.19	0.20	0.20	0.20	0.19

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,508,200K ÷ $30,976,100K
= 0.18

The total asset turnover of Evergy Inc has been relatively stable over the past eight quarters, ranging from 0.18 to 0.20. This indicates that the company generates revenue in relation to its total assets at a consistent level. A total asset turnover ratio of less than one suggests that Evergy Inc has a lower efficiency in utilizing its assets to generate sales. However, the slight improvement in the ratio from Q1 2023 to Q4 2023 may indicate a positive trend in the company's asset utilization efficiency. Further analysis of the company's operations and industry benchmarks would provide more insight into the effectiveness of Evergy Inc in generating revenue from its total assets.