Alliant Energy Corp (LNT)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,027,000 | 4,205,000 | 3,669,000 | 3,416,000 | 3,648,000 |
| Total assets | US$ in thousands | 21,237,000 | 20,163,000 | 18,553,000 | 17,710,000 | 16,701,000 |
| Total asset turnover | 0.19 | 0.21 | 0.20 | 0.19 | 0.22 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,027,000K ÷ $21,237,000K
= 0.19
Alliant Energy Corp.'s total asset turnover has shown some fluctuation over the past five years. The ratio indicates the efficiency with which the company generates revenue from its total assets. A lower total asset turnover ratio suggests that the company is less effective in utilizing its assets to generate sales.
In 2023, the total asset turnover ratio decreased to 0.19 from 0.21 in 2022, indicating a decrease in the company's ability to generate revenue from its total assets. This decline may suggest that Alliant Energy Corp. faced challenges in efficiently utilizing its assets to drive sales in the most recent year.
Overall, the total asset turnover for Alliant Energy Corp. has exhibited variability over the past five years, with the company experiencing fluctuations in its efficiency in generating sales from its total assets. This trend highlights the importance of closely monitoring asset utilization and revenue generation strategies to maintain financial performance and optimize operational efficiency.
Peer comparison
Dec 31, 2023