NRG Energy Inc. (NRG)
Total 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 |
| Total assets | US$ in thousands | 26,038,000 | 29,146,000 | 23,182,000 | 14,902,000 | 12,531,000 |
| Total asset turnover | 1.11 | 1.08 | 1.16 | 0.61 | 0.78 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $28,823,000K ÷ $26,038,000K
= 1.11
The total asset turnover ratio for NRG Energy Inc. has shown some fluctuations over the past five years. In 2023, the ratio was 1.11, indicating that the company generated $1.11 in revenue for every dollar of assets. This represents a slight improvement compared to 2022 when the ratio was 1.08.
In 2021, the total asset turnover ratio was at its peak at 1.16, suggesting that the company was able to efficiently utilize its assets to generate revenue. The ratio then dropped to 0.61 in 2020, indicating a significant decrease in asset efficiency, possibly due to operational challenges or changes in the business environment.
Prior to 2021, the trend was relatively stable, with total asset turnover ratios of 0.78 in 2019. Overall, the varying ratios indicate fluctuations in the company's ability to generate revenue relative to its asset base. It would be important to further investigate the factors behind these fluctuations to assess the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023