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.