IDACORP Inc (IDA)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,826,630 | 1,766,360 | 1,643,980 | 1,458,080 | 1,350,730 |
| Total assets | US$ in thousands | 9,239,360 | 8,475,920 | 7,543,260 | 7,210,520 | 7,095,240 |
| Total asset turnover | 0.20 | 0.21 | 0.22 | 0.20 | 0.19 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,826,630K ÷ $9,239,360K
= 0.20
The total asset turnover of IDACORP Inc has shown a gradual improvement over the years, increasing from 0.19 in December 31, 2020 to 0.20 in December 31, 2021, further reaching 0.22 in December 31, 2022. However, the ratio slightly declined to 0.21 by December 31, 2023 and remained stable at 0.20 as of December 31, 2024.
This indicates that IDACORP Inc generates revenue in relation to its total assets at a rate of approximately 0.20 to 0.22 times per year during the analyzed period. A higher total asset turnover suggests that the company is efficiently using its assets to generate sales. This trend may signify improvements in operational efficiency and effective asset utilization within the company's operations.
Peer comparison
Dec 31, 2024