NRG Energy Inc. (NRG)
Fixed 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 | 28,823,000 | 29,871,000 | 30,435,000 | 31,369,000 | 31,543,000 | 30,734,000 | 28,833,000 | 26,794,000 | 26,989,000 | 21,970,000 | 18,170,000 | 15,165,000 | 9,093,000 | 9,261,000 | 9,448,000 | 9,675,000 | 9,821,000 | 9,618,000 | 9,582,000 | 9,578,000 |
| Property, plant and equipment | US$ in thousands | — | -1,390,000 | -1,351,000 | -1,518,000 | -1,478,000 | -1,456,000 | -1,387,000 | -1,419,000 | -1,308,000 | -1,543,000 | -1,433,000 | -1,566,000 | -1,936,000 | 2,573,000 | 2,533,000 | 2,573,000 | 2,593,000 | 2,615,000 | 2,610,000 | 2,650,000 |
| Fixed asset turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | 3.60 | 3.73 | 3.76 | 3.79 | 3.68 | 3.67 | 3.61 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $28,823,000K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is generating revenue from its fixed assets. A higher ratio indicates better efficiency in utilizing fixed assets to generate sales.
Analyzing the trend of NRG Energy Inc.'s fixed asset turnover over the last 8 quarters, we observe a relatively stable performance. The ratio has fluctuated between 16.31 and 19.23, with an average of approximately 17.79.
The company's fixed asset turnover ratio peaked in Q3 2022 at 19.23, indicating a strong ability to generate sales from its fixed assets during that quarter. Subsequently, there was a slight decline in Q4 2022 to 18.64. The ratio continued to fluctuate, with a low point of 16.31 in Q1 2022, before climbing back to 17.84 in Q2 2023.
Overall, NRG Energy Inc. has maintained a relatively high fixed asset turnover ratio, suggesting efficient utilization of its fixed assets to generate sales revenue. Investors and analysts may view this positively as it reflects the company's ability to generate revenue from its investment in fixed assets.
Peer comparison
Dec 31, 2023