Exelon Corporation (EXC)

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	21,728,000	21,027,000	19,892,000	19,313,000	19,077,000	18,835,000	18,853,000	18,634,000	17,939,000	22,017,000	26,007,000	29,309,000	33,424,000	33,265,000	33,341,000	33,708,000	34,438,000	34,907,000	35,379,000	35,764,000
Property, plant and equipment	US$ in thousands	73,593,000	72,458,000	71,300,000	70,117,000	69,076,000	67,572,000	66,456,000	65,465,000	64,558,000	82,852,000	82,120,000	82,588,000	82,584,000	82,561,000	81,748,000	81,017,000	80,233,000	78,593,000	78,030,000	77,460,000
Fixed asset turnover		0.30	0.29	0.28	0.28	0.28	0.28	0.28	0.28	0.28	0.27	0.32	0.35	0.40	0.40	0.41	0.42	0.43	0.44	0.45	0.46

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $21,728,000K ÷ $73,593,000K
= 0.30

Exelon Corp.'s fixed asset turnover has experienced a declining trend over the last eight quarters, with the ratio decreasing from 0.49 in Q1 2022 to 0.30 in Q4 2023. This indicates that the company is generating less revenue relative to its fixed assets in recent quarters. The declining trend may raise concerns about the company's operational efficiency and utilization of its fixed assets. Further investigation into the reasons behind this trend, such as potential underutilization of assets or changing business dynamics, would be necessary to understand the full implications for Exelon's financial performance.