IDACORP Inc (IDA)
Total 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 |
| Total assets | US$ in thousands | 9,239,360 | 9,105,120 | 8,677,130 | 8,347,410 | 8,475,920 | 8,293,530 | 7,839,070 | 7,878,890 | 7,543,260 | 7,523,940 | 7,452,100 | 7,284,560 | 7,210,520 | 7,254,050 | 7,201,460 | 7,078,300 | 7,095,240 | 6,930,160 | 7,020,530 | 6,609,950 |
| Total asset turnover | 0.20 | 0.20 | 0.21 | 0.21 | 0.21 | 0.21 | 0.23 | 0.22 | 0.22 | 0.21 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.19 | 0.19 | 0.19 | 0.18 | 0.19 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,821,734K ÷ $9,239,360K
= 0.20
Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its assets. IDACORP Inc's total asset turnover has shown a relatively stable trend over the period from March 31, 2020, to December 31, 2024. The ratio has ranged from 0.18 to 0.23 during this period.
The ratio increased slightly from 0.19 in March 2020 to 0.23 in June 2023, indicating an improvement in the company's efficiency in generating revenue from its assets. However, it decreased to 0.20 by September 2024, suggesting a potential decline in asset utilization efficiency. Overall, the trend indicates that IDACORP Inc has been able to maintain a moderate level of asset turnover efficiency over the years.
A higher total asset turnover ratio generally implies that a company is more efficient in utilizing its assets to generate revenue. Conversely, a lower ratio may indicate underutilization of assets or inefficiencies in generating revenue. It is important for investors and analysts to monitor changes in the total asset turnover ratio over time to assess the company's operational efficiency and performance.
Peer comparison
Dec 31, 2024