NRG Energy Inc. (NRG)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 28,823,000 | 31,543,000 | 26,989,000 | 9,093,000 | 9,821,000 |
| Property, plant and equipment | US$ in thousands | — | -1,478,000 | -1,308,000 | -1,936,000 | 2,593,000 |
| Fixed asset turnover | — | — | — | — | 3.79 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $28,823,000K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. NRG Energy Inc.'s fixed asset turnover has shown varying trends over the past five years:
- In 2023, the fixed asset turnover ratio was 16.35, indicating that the company generated $16.35 in revenue for every dollar invested in fixed assets. This suggests a high level of efficiency in utilizing its fixed assets.
- A slightly higher ratio of 18.64 was observed in 2022, indicating even more efficient utilization of fixed assets compared to 2023.
- The ratio decreased to 15.99 in 2021, but still remained relatively high, suggesting continued efficiency in generating revenue from fixed assets.
- In 2020 and 2019, the ratios were much lower at 3.57 and 3.79 respectively, indicating a less efficient use of fixed assets to generate revenue compared to the more recent years.
Overall, NRG Energy Inc. has demonstrated generally efficient utilization of fixed assets in recent years, with fluctuations likely influenced by changes in the company's operations, asset base, or revenue generation strategies. Further analysis and comparison with industry peers would provide a more comprehensive insight into the company's performance in this aspect.
Peer comparison
Dec 31, 2023