Northwest Natural Gas Co (NWN)

Total 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 1,152,994 1,137,832 1,142,377 1,168,522 1,197,475 1,217,014 1,192,374 1,149,475 1,037,353 956,190 940,798 894,755 860,400 826,583 818,420 804,474 773,679 760,670 757,703 746,175
Total assets US$ in thousands 5,234,320 4,944,370 4,822,370 4,849,070 4,934,590 4,665,120 4,536,700 4,592,100 4,748,330 4,300,710 4,100,520 4,054,630 4,064,600 3,929,220 3,783,500 3,758,620 3,756,380 3,618,100 3,641,350 4,001,530
Total asset turnover 0.22 0.23 0.24 0.24 0.24 0.26 0.26 0.25 0.22 0.22 0.23 0.22 0.21 0.21 0.22 0.21 0.21 0.21 0.21 0.19

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,152,994K ÷ $5,234,320K
= 0.22

The total asset turnover of Northwest Natural Gas Co has shown a slight increasing trend over the past few years, indicating an improvement in how efficiently the company utilizes its assets to generate revenue. The ratio has ranged between 0.19 and 0.26 during the period from March 31, 2020, to December 31, 2024. This suggests that, on average, for each dollar of assets the company holds, it generates between $0.19 and $0.26 of revenue. The recent increase in total asset turnover from 0.22 in June 30, 2024, to 0.24 in December 31, 2024, indicates that the company has been able to improve its asset utilization efficiency. Overall, a rising total asset turnover ratio reflects positively on the company's operational efficiency and indicates effective management of its assets to drive revenue growth.