Exelon Corporation (EXC)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 21,727,000 | 19,078,000 | 17,938,000 | 16,663,000 | 34,438,000 |
| Property, plant and equipment | US$ in thousands | 73,593,000 | 69,076,000 | 64,558,000 | 82,584,000 | 80,233,000 |
| Fixed asset turnover | 0.30 | 0.28 | 0.28 | 0.20 | 0.43 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $21,727,000K ÷ $73,593,000K
= 0.30
Fixed asset turnover measures how efficiently a company generates revenue from its investment in fixed assets. Exelon Corp.'s fixed asset turnover has seen fluctuations over the past five years. In 2023, the fixed asset turnover ratio was 0.30, indicating that the company generated $0.30 in revenue for every $1 invested in fixed assets. This represents a slight increase from the previous year's ratio of 0.28.
Compared to 2021, when the ratio was 0.43, the efficiency of generating revenue from fixed assets has declined. However, Exelon's current ratio is still below the 2020 and 2019 levels of 0.40 and 0.43, respectively.
Overall, the trend in Exelon's fixed asset turnover suggests fluctuating efficiency in utilizing its fixed assets to generate revenue. Investors and stakeholders may want to further investigate the reasons behind these fluctuations and monitor future performance to assess the company's operational efficiency and asset utilization.
Peer comparison
Dec 31, 2023