Northwest Natural Gas Co (NWN)

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	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	760,680	757,713	746,185	746,382	725,810
Total assets	US$ in thousands	4,867,090	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	3,428,450	3,251,620	3,238,130	3,191,120
Total asset turnover		0.25	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	0.22	0.22

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,197,475K ÷ $4,867,090K
= 0.25

Northwest Natural Holding Co's total asset turnover has shown stability over the past eight quarters, ranging between 0.22 and 0.26. The company's ability to generate revenue relative to its total assets has been consistent, with a quarterly average around 0.24. This indicates that, on average, the company generates $0.24 in revenue for every dollar of total assets. Overall, the company's total asset turnover suggests that it is effectively utilizing its assets to generate revenue, with a fairly steady performance in this aspect over the past two years.