Nextera Energy Inc (NEE)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 17,019,000 | 28,114,000 | 20,956,000 | 17,069,000 | 17,997,000 |
| Property, plant and equipment | US$ in thousands | — | — | 111,059,000 | 99,348,000 | 91,803,000 |
| Fixed asset turnover | — | — | 0.19 | 0.17 | 0.20 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $17,019,000K ÷ $—K
= —
Nextera Energy Inc's fixed asset turnover ratio has experienced fluctuations over the past few years. In 2020, the ratio was 0.20, indicating that the company generated $0.20 in revenue for every dollar invested in fixed assets. This ratio decreased to 0.17 in 2021, suggesting a decrease in efficiency in utilizing fixed assets to generate revenue. However, in 2022, the ratio improved to 0.19, showing a slight uptick in asset utilization efficiency.
It's notable that the data for 2023 and 2024 are not available (denoted by "\u2014"), which could potentially indicate a lack of reported information or data gaps for those years. This missing data hinders a comprehensive trend analysis of the fixed asset turnover for those years.
Overall, the trend in Nextera Energy Inc's fixed asset turnover ratio shows some variability, with the company potentially facing challenges in effectively leveraging its fixed assets to generate revenue in recent years. It would be essential for the company to monitor and potentially improve this ratio to enhance operational efficiency and profitability.
Peer comparison
Dec 31, 2024