NRG Energy Inc. (NRG)

Total 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
Total assets	US$ in thousands	26,038,000	27,910,000	28,991,000	29,696,000	29,146,000	32,243,000	34,335,000	29,477,000	23,182,000	27,965,000	21,619,000	19,241,000	14,902,000	12,225,000	12,337,000	12,822,000	12,531,000	9,527,000	9,171,000	9,530,000
Total asset turnover		1.11	1.07	1.05	1.06	1.08	0.95	0.84	0.91	1.16	0.79	0.84	0.79	0.61	0.76	0.77	0.75	0.78	1.01	1.04	1.01

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $28,823,000K ÷ $26,038,000K
= 1.11

NRG Energy Inc.'s total asset turnover has been varying over the past eight quarters. The ratio fluctuated between 0.84 and 1.11 during this period. Higher total asset turnover ratios indicate that the company is generating more revenue per dollar of assets, reflecting efficient asset utilization.

In Q4 2023, the total asset turnover ratio was 1.11, demonstrating an increase from the previous quarter. This suggests that NRG Energy Inc. was able to generate $1.11 in revenue for every dollar of assets held during the fourth quarter of 2023.

The company's total asset turnover has shown a generally improving trend since Q2 2022, with occasional fluctuations. The varying ratios indicate changes in the company's efficiency in utilizing its assets to generate revenue. Overall, NRG Energy Inc.'s total asset turnover reflects its ability to efficiently utilize its assets to drive revenue generation.