NRG Energy Inc. (NRG)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 28,183,000 | 28,088,000 | 28,811,000 | 28,510,000 | 28,740,000 | 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 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 1,985,000 | 1,706,000 | 1,835,000 | 1,917,000 | 1,598,000 | 1,598,000 | 1,643,000 | 1,959,000 | 1,976,000 | 2,323,000 | 2,328,000 | 2,547,000 | 2,573,000 | 2,533,000 | 2,573,000 |
| Fixed asset turnover | — | — | — | — | — | 15.05 | 17.84 | 17.09 | 16.45 | 19.23 | 18.04 | 16.31 | 13.78 | 11.12 | 7.82 | 6.51 | 3.57 | 3.60 | 3.73 | 3.76 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $28,183,000K ÷ $—K
= —
NRG Energy Inc.'s fixed asset turnover ratio has shown a fluctuating trend over the past few years. The ratio improved significantly from 3.76 in March 2020 to 18.04 in June 2022, indicating that the company was generating $18.04 in revenue for every dollar invested in fixed assets during that period. This sharp increase suggests more efficient utilization of fixed assets.
However, the fixed asset turnover ratio started declining after June 2022, falling to 15.05 in September 2023. This downward trend continued as the ratio decreased to 17.84 in June 2023 and further dropped to 15.05 by December 2023. The ratio remained stagnant in the following quarters, as no data is available for the years 2024.
The overall analysis indicates that NRG Energy Inc. experienced a period of improved efficiency in utilizing fixed assets, followed by a decline in the later years. The company should closely monitor its fixed asset turnover to ensure optimal utilization of assets and maintain sustainable growth in the future.
Peer comparison
Dec 31, 2024