NRG Energy Inc. (NRG)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 28,130,000 | 28,823,000 | 31,543,000 | 26,989,000 | 9,093,000 |
| Total assets | US$ in thousands | 24,022,000 | 26,038,000 | 29,146,000 | 23,182,000 | 14,902,000 |
| Total asset turnover | 1.17 | 1.11 | 1.08 | 1.16 | 0.61 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $28,130,000K ÷ $24,022,000K
= 1.17
Based on the data provided, NRG Energy Inc.'s total asset turnover has shown significant improvement over the years. From a ratio of 0.61 in December 31, 2020, the company's efficiency in generating sales from its assets has steadily increased to 1.16 in December 31, 2021, and further improved to 1.08 in December 31, 2022.
Although there was a slight decrease to 1.11 in December 31, 2023, the ratio rebounded to 1.17 by December 31, 2024. This indicates that the company is effectively utilizing its assets to generate revenue, with a higher turnover ratio suggesting that NRG Energy Inc. is becoming more efficient in managing its assets to drive sales growth.
Overall, the upward trend in total asset turnover reflects positively on the company's operational efficiency and ability to generate revenue from its asset base, potentially leading to improved financial performance and shareholder value in the future.
Peer comparison
Dec 31, 2024