Northwest Natural Gas Co (NWN)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,152,990 | 1,197,480 | 1,037,350 | 860,400 | 773,679 |
| Total assets | US$ in thousands | 1,729,670 | 4,867,090 | 4,748,330 | 4,064,600 | 3,756,380 |
| Total asset turnover | 0.67 | 0.25 | 0.22 | 0.21 | 0.21 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,152,990K ÷ $1,729,670K
= 0.67
The total asset turnover ratio of Northwest Natural Gas Co has shown a gradual increase over the years. From 0.21 in 2020 and 2021, it improved to 0.22 in 2022, further rose to 0.25 in 2023, and significantly spiked to 0.67 in 2024. This trend indicates that the company has been more effective in generating revenues relative to its total assets, possibly through better asset utilization or increased sales efficiency. The notable surge in 2024 suggests a potential shift towards more efficient operations or strategic investments that have positively impacted the company's overall performance.
Peer comparison
Dec 31, 2024