OGE Energy Corporation (OGE)

Fixed 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	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	2,231,600	2,270,900	2,214,300	2,267,600
Property, plant and equipment	US$ in thousands	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	9,044,600	8,961,200	8,877,500	8,769,400
Fixed asset turnover		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	0.25	0.25	0.25	0.26

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,674,300K ÷ $11,301,000K
= 0.24

Oge Energy Corp.'s fixed asset turnover has shown some fluctuation over the past eight quarters. The trend indicates a generally decreasing efficiency in utilizing its fixed assets to generate sales revenue.

The fixed asset turnover ratio measures how well a company is using its fixed assets to generate sales. A higher ratio typically suggests efficient utilization of assets, while a lower ratio may indicate underutilization or potentially over-investment in fixed assets.

In the case of Oge Energy Corp., the ratio has fluctuated between 0.24 and 0.32 over the period analyzed. The downward trend from 0.32 in Q4 2022 to 0.24 in Q4 2023 may indicate a decline in the effectiveness of the company's fixed asset utilization.

Further investigation into the reasons behind this trend, such as changes in operational efficiency, asset management strategies, or shifts in the business environment, would be necessary to assess the implications for Oge Energy Corp.'s financial performance and long-term sustainability.