OGE Energy Corporation (OGE)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,985,300 | 2,674,300 | 3,375,700 | 3,653,700 | 2,122,300 |
| Total assets | US$ in thousands | 13,716,000 | 12,790,700 | 12,544,700 | 12,606,400 | 10,718,800 |
| Total asset turnover | 0.22 | 0.21 | 0.27 | 0.29 | 0.20 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,985,300K ÷ $13,716,000K
= 0.22
Based on the data provided for OGE Energy Corporation's total asset turnover ratio over the years from December 31, 2020, to December 31, 2024, we observe fluctuations in the efficiency of the company in generating revenue from its total assets.
In 2020, the total asset turnover ratio was 0.20, indicating that the company generated $0.20 in revenue for every $1 of assets. This suggests that the company's assets were not efficiently utilized to generate revenue that year.
The total asset turnover ratio improved in 2021 to 0.29, demonstrating that the company was able to generate more revenue for each dollar of assets compared to the previous year. This could signify better asset utilization or increased revenue generation efficiency.
However, in the following years, the total asset turnover ratio decreased to 0.27 in 2022, 0.21 in 2023, and 0.22 in 2024. These declining ratios indicate a potential decrease in the company's ability to generate revenue from its total assets efficiently.
Overall, the trend in total asset turnover for OGE Energy Corporation suggests some variability in the company's ability to generate revenue relative to its asset base during the period analyzed. Further analysis and consideration of the company's operational and strategic factors may be necessary to fully understand the reasons behind these fluctuations in efficiency.
Peer comparison
Dec 31, 2024