OGE Energy Corporation (OGE)

Fixed 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	2,985,300	2,791,500	2,771,500	2,713,900	2,674,300	2,819,500	3,144,900	3,343,600	3,375,700	3,245,100	2,838,700	2,612,400	3,653,700	3,557,800	3,395,500	3,321,600	2,122,300	2,109,400	2,162,700	2,172,900
Property, plant and equipment	US$ in thousands	12,086,600	11,832,000	11,687,300	11,468,800	11,301,000	11,114,000	10,939,600	10,719,700	10,546,800	10,267,800	10,118,000	9,971,300	9,832,900	9,695,900	9,575,200	9,474,500	9,374,600	9,234,000	9,172,100	9,091,000
Fixed asset turnover		0.25	0.24	0.24	0.24	0.24	0.25	0.29	0.31	0.32	0.32	0.28	0.26	0.37	0.37	0.35	0.35	0.23	0.23	0.24	0.24

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,985,300K ÷ $12,086,600K
= 0.25

The fixed asset turnover ratio for OGE Energy Corporation has varied over the years based on the data provided. From March 31, 2020, to March 31, 2022, the ratio fluctuated between 0.24 and 0.35, indicating that the company was generating between $0.24 and $0.35 in revenue for every dollar invested in fixed assets.

However, there was a notable increase in the ratio in the second quarter of 2022, reaching 0.28, and it continued to improve, peaking at 0.32 in both September 30, 2022, and December 31, 2022. This suggests that OGE Energy Corporation was able to more efficiently utilize its fixed assets to generate revenue during this period.

Subsequently, the fixed asset turnover ratio experienced a slight decline, dropping to 0.24 by December 31, 2024. This downward trend indicates a potential decrease in the company's ability to generate revenue from its fixed assets efficiently.

Overall, the analysis of OGE Energy Corporation's fixed asset turnover ratio shows fluctuations and some improvements, highlighting the importance of monitoring and managing fixed asset utilization to optimize revenue generation.