Nextera Energy Inc (NEE)
Total 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 |
| Total assets | US$ in thousands | 190,144,000 | 177,489,000 | 158,935,000 | 140,912,000 | 127,684,000 |
| Total asset turnover | 0.09 | 0.16 | 0.13 | 0.12 | 0.14 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $17,019,000K ÷ $190,144,000K
= 0.09
The total asset turnover ratio for Nextera Energy Inc has exhibited fluctuations over the period from December 31, 2020, to December 31, 2024. The ratio indicates how efficiently the company is utilizing its assets to generate revenue.
The ratio decreased from 0.14 in December 31, 2020, to 0.12 in December 31, 2021, suggesting a decline in the company's ability to generate sales from its total assets during that period. However, it improved to 0.13 by December 31, 2022, indicating a slight recovery in asset utilization efficiency.
Further improvements were observed in the subsequent years, with the total asset turnover ratio reaching 0.16 by December 31, 2023, signaling a better utilization of assets to generate revenue. Nonetheless, the ratio dropped to 0.09 by December 31, 2024, indicating a potential decrease in the company's ability to generate sales from its total assets during that year.
Overall, the trend in Nextera Energy Inc's total asset turnover ratio suggests varying levels of efficiency in utilizing assets to generate revenue over the analyzed period, with fluctuations reflecting changes in the company's operational performance and asset management strategies.
Peer comparison
Dec 31, 2024