IDACORP Inc (IDA)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,557,810 | 1,482,910 | 1,303,710 | 1,209,720 | 1,212,350 |
| Property, plant and equipment | US$ in thousands | 5,745,230 | 5,172,970 | 4,901,820 | 4,709,510 | 4,531,450 |
| Fixed asset turnover | 0.27 | 0.29 | 0.27 | 0.26 | 0.27 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,557,810K ÷ $5,745,230K
= 0.27
The fixed asset turnover of Idacorp, Inc. has shown some fluctuations over the past five years. The ratio has ranged from 0.29 to 0.32, indicating that for each dollar invested in fixed assets, the company generated between $0.29 and $0.32 in revenue.
The slight decrease in the fixed asset turnover from 2022 to 2023 may suggest that the company is not generating as much revenue from its fixed assets relative to the prior year. This could be due to a variety of factors such as changes in sales volume, pricing strategies, or efficiency in asset utilization.
Overall, Idacorp, Inc. should continue monitoring its fixed asset turnover ratio to ensure efficient utilization of its fixed assets and strive to improve this ratio over time to maximize revenue generation from its investment in fixed assets.
Peer comparison
Dec 31, 2023