Exelon Corporation (EXC)
Total 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 |
| Total assets | US$ in thousands | 101,546,000 | 95,349,000 | 133,013,000 | 129,317,000 | 124,977,000 |
| Total asset turnover | 0.21 | 0.20 | 0.13 | 0.13 | 0.28 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $21,727,000K ÷ $101,546,000K
= 0.21
Exelon Corp.'s total asset turnover ratio has exhibited fluctuations over the past five years. The ratio was 0.21 in 2023, representing a slight increase from the previous year's ratio of 0.20. In comparison to 2021, where the ratio was 0.27, there was a notable decline in asset turnover efficiency in 2023. Similarly, when compared to 2020 and 2019 figures of 0.26 and 0.28 respectively, the company's asset turnover has been on a downward trend in recent years. This indicates that Exelon Corp. is generating less revenue relative to its total assets in 2023 compared to prior years, suggesting potential inefficiencies in asset utilization or a decrease in sales. It would be advisable for stakeholders to further investigate the underlying reasons for this decline in total asset turnover to ensure optimal utilization of the company's assets.
Peer comparison
Dec 31, 2023