IDACORP Inc (IDA)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,821,734 | 1,835,556 | 1,817,935 | 1,783,615 | 1,766,356 | 1,777,361 | 1,784,467 | 1,729,352 | 1,643,981 | 1,556,035 | 1,484,967 | 1,486,318 | 1,458,084 | 1,438,766 | 1,417,083 | 1,375,775 | 1,350,729 | 1,327,883 | 1,288,942 | 1,287,071 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 971,633 | 5,456,120 | 5,289,020 | 5,172,970 | 5,077,510 | 5,014,450 | 4,986,100 | 4,901,820 | 4,820,420 | 4,777,900 | 4,097,160 | 4,709,510 | 4,641,520 | 4,594,410 | 4,557,860 |
| Fixed asset turnover | — | — | — | — | — | 1.83 | 0.33 | 0.33 | 0.32 | 0.31 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.34 | 0.29 | 0.29 | 0.28 | 0.28 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,821,734K ÷ $—K
= —
Fixed asset turnover measures how efficiently a company is using its fixed assets to generate revenue. A higher fixed asset turnover ratio indicates that a company is able to generate more revenue from its fixed assets.
Based on the data provided for IDACORP Inc, the fixed asset turnover ratio has shown some fluctuation over the quarters. The ratio remained relatively stable around 0.28 to 0.30 from March 2020 to June 2022, indicating a consistent level of revenue generated from fixed assets during this period.
However, there was a notable increase in fixed asset turnover in September 2022, reaching 0.31, and further increasing to 0.32 by December 2022 and 0.33 by March 2023. This increase suggests that IDACORP Inc was able to improve its efficiency in utilizing fixed assets to generate revenue during this time.
The fixed asset turnover ratio experienced a significant surge in September 2023, jumping to 1.83. Such a drastic increase could be attributed to various factors such as asset optimization, increased revenue generation, or reduction in the value of fixed assets. It is important for analysts to further investigate the reasons behind this sudden spike in the ratio.
From December 2023 onwards, the data for fixed asset turnover is not available, indicated by "—". This lack of data makes it challenging to assess the company's fixed asset turnover efficiency and trend in the subsequent periods.
Overall, the analysis of IDACORP Inc's fixed asset turnover indicates fluctuations in efficiency in utilizing fixed assets to generate revenue over time. The company should continue monitoring and managing its fixed asset turnover to ensure optimal utilization of resources.
Peer comparison
Dec 31, 2024