IDACORP Inc (IDA)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,826,630 | 1,766,360 | 1,643,980 | 1,458,080 | 1,350,730 |
| Property, plant and equipment | US$ in thousands | — | — | 5,172,970 | 4,901,820 | 4,709,510 |
| Fixed asset turnover | — | — | 0.32 | 0.30 | 0.29 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,826,630K ÷ $—K
= —
The fixed asset turnover ratio measures the efficiency of a company in generating sales from its fixed assets. In the case of IDACORP Inc, the fixed asset turnover has shown a slight improvement over the years.
For the year ending December 31, 2020, the fixed asset turnover was 0.29, indicating that the company generated $0.29 in sales for every dollar invested in fixed assets. This ratio increased to 0.30 by the end of 2021 and further rose to 0.32 by the end of 2022.
However, the data shows that there is missing information for the years 2023 and 2024, denoted by "—". This missing data makes it difficult to assess the trend of the fixed asset turnover ratio beyond 2022.
Overall, the increasing trend in the fixed asset turnover ratio from 2020 to 2022 suggests that IDACORP Inc has been more efficient in utilizing its fixed assets to generate sales during this period. It would be important to have complete data for the subsequent years to accurately evaluate the company's performance in this aspect.
Peer comparison
Dec 31, 2024