IDACORP Inc (IDA)
Total 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 |
| Total assets | US$ in thousands | 8,475,920 | 7,543,260 | 7,210,520 | 7,095,240 | 6,641,200 |
| Total asset turnover | 0.18 | 0.20 | 0.18 | 0.17 | 0.18 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,557,810K ÷ $8,475,920K
= 0.18
Idacorp, Inc.'s total asset turnover has shown some fluctuation over the past five years. The ratio measures the company's efficiency in generating sales revenue from its total assets. A higher total asset turnover indicates that the company is more effective in utilizing its assets to generate revenue.
In 2023, the total asset turnover decreased to 0.21 from 0.22 in 2022. This decline may suggest a slight decrease in the company's efficiency in generating sales from its assets compared to the previous year.
Between 2021 and 2020, there was a slight increase in total asset turnover from 0.20 to 0.19, indicating that the company improved its efficiency in generating sales revenue from its total assets during that period.
Overall, the total asset turnover for Idacorp, Inc. has been relatively stable around the 0.20 range over the past five years, with some fluctuations. Further analysis and comparison with industry benchmarks may provide additional insights into the company's asset utilization efficiency.
Peer comparison
Dec 31, 2023