IDACORP Inc (IDA)

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 1,557,806 1,553,827 1,579,873 1,546,401 1,482,913 1,398,151 1,318,513 1,330,616 1,303,710 1,309,887 1,277,650 1,230,061 1,209,724 1,186,219 1,150,976 1,148,403 1,212,348 1,225,056 1,256,488 1,281,147
Property, plant and equipment US$ in thousands 5,745,230 5,553,930 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 4,735,220 4,709,510 4,641,520 4,594,410 4,557,860 4,531,450 4,476,750 4,451,200 4,415,090
Fixed asset turnover 0.27 0.28 0.29 0.29 0.29 0.28 0.26 0.27 0.27 0.27 0.27 0.26 0.26 0.26 0.25 0.25 0.27 0.27 0.28 0.29

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,557,806K ÷ $5,745,230K
= 0.27

The fixed asset turnover ratio for Idacorp, Inc. has shown consistent stability over the past eight quarters, ranging between 0.30 and 0.33. This ratio indicates that for every dollar invested in fixed assets, the company is generating between $0.30 and $0.33 in sales revenue.

The slight fluctuations in the ratio suggest that the company is effectively utilizing its fixed assets to generate revenue, albeit with some variations in efficiency. Overall, the relatively stable trend in the fixed asset turnover ratio indicates that Idacorp, Inc. is maintaining a consistent level of operational efficiency in utilizing its fixed assets to generate sales.