Nextera Energy Inc (NEE)
Total 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 | 24,781,000 | 24,918,000 | 24,118,000 | 23,718,000 | 23,036,000 | 22,192,000 | 21,192,000 | 19,992,000 | 19,023,000 | 18,232,000 | 17,732,000 | 17,132,000 | 17,020,000 | 17,353,000 | 17,353,000 | 17,753,000 | 17,619,000 | 17,792,000 | 17,010,000 | 16,034,000 |
| Total assets | US$ in thousands | 177,489,000 | 171,674,000 | 168,275,000 | 165,357,000 | 158,935,000 | 156,409,000 | 151,770,000 | 144,945,000 | 140,912,000 | 139,163,000 | 135,013,000 | 132,441,000 | 127,684,000 | 126,382,000 | 121,961,000 | 120,637,000 | 117,691,000 | 114,222,000 | 110,552,000 | 109,029,000 |
| Total asset turnover | 0.14 | 0.15 | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.14 | 0.14 | 0.15 | 0.15 | 0.16 | 0.15 | 0.15 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $24,781,000K ÷ $177,489,000K
= 0.14
NextEra Energy Inc's total asset turnover has displayed a relatively stable trend over the past eight quarters, ranging between 0.11 and 0.16. The total asset turnover ratio measures the efficiency with which the company utilizes its assets to generate revenue. A higher ratio indicates that the company is generating more revenue per dollar of assets.
In this case, the total asset turnover ratio has been consistently above 0.1, indicating that NextEra Energy Inc has been effectively utilizing its assets to generate sales. The stability of the ratio over time suggests a consistent level of asset efficiency within the company.
However, it's worth noting that the ratio has not shown a significant upward or downward trend, hovering around the 0.15 mark for the most recent quarters. This may indicate that the company's asset utilization efficiency has reached a relatively stable level over the period under consideration.
Overall, the total asset turnover ratio for NextEra Energy Inc suggests that the company is efficiently using its assets to generate revenue, although further analysis would be needed to understand the factors driving this efficiency and its implications for the company's overall financial performance.
Peer comparison
Dec 31, 2023