Alliant Energy Corp (LNT)

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	4,027,000	4,070,000	4,144,000	4,193,000	4,204,000	4,044,000	3,948,000	3,831,000	3,669,000	3,560,000	3,456,000	3,401,500	3,416,300	3,272,400	3,410,600	3,507,300	3,647,700	3,641,100	3,579,500	3,605,400
Property, plant and equipment	US$ in thousands	17,157,000	16,633,000	16,306,000	16,396,000	16,247,000	15,858,000	15,453,000	15,192,000	14,987,000	14,738,000	14,540,000	14,353,000	14,336,000	14,199,000	13,936,400	13,685,000	13,527,000	13,131,100	12,854,000	12,665,200
Fixed asset turnover		0.23	0.24	0.25	0.26	0.26	0.26	0.26	0.25	0.24	0.24	0.24	0.24	0.24	0.23	0.24	0.26	0.27	0.28	0.28	0.28

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,027,000K ÷ $17,157,000K
= 0.23

The fixed asset turnover ratio for Alliant Energy Corp. has been relatively stable over the past eight quarters, ranging from 0.23 to 0.26. This ratio indicates how efficiently the company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio is generally preferable as it signifies that the company is effectively utilizing its assets to generate sales.

Even though the ratio has remained consistent, it is on the lower side compared to industry standards. This may indicate that Alliant Energy Corp. could potentially improve its efficiency in utilizing its fixed assets to generate revenue. It would be advisable for the company to assess its asset management strategies and identify areas for improvement to enhance its overall operational efficiency.

Additionally, it is important for stakeholders to monitor how changes in the fixed asset turnover ratio correlate with other financial metrics and operational performance indicators to gain a comprehensive understanding of the company's financial health and efficiency in asset utilization.