OGE Energy Corporation (OGE)

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	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
Total assets	US$ in thousands	12,790,700	12,743,200	12,604,600	12,790,300	12,544,700	12,604,000	12,838,000	13,093,600	12,606,400	12,177,500	11,899,500	11,788,700	10,718,800	10,497,600	10,439,100	10,370,900	11,024,300	11,083,700	10,886,200	10,761,600
Total asset turnover		0.21	0.22	0.25	0.26	0.27	0.26	0.22	0.20	0.29	0.29	0.29	0.28	0.20	0.20	0.21	0.21	0.20	0.20	0.20	0.21

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,674,300K ÷ $12,790,700K
= 0.21

Oge Energy Corp.'s total asset turnover has shown fluctuating trends over the past eight quarters. The company's total asset turnover ratio ranged from 0.20 to 0.27 during this period.

A lower total asset turnover ratio indicates that the company generates less revenue per dollar of assets, reflecting potential inefficiencies in asset utilization or the company's inability to generate sufficient sales from its assets. Conversely, a higher total asset turnover ratio suggests greater efficiency in utilizing assets to generate revenue.

The trend indicates a slight decline in total asset turnover from Q1 2022 to Q4 2023, which may be a concern if the company is not effectively converting its assets into sales or revenue. It is essential for management to analyze the factors contributing to this decline and consider strategies to improve asset utilization to drive revenue growth.

Overall, a consistent evaluation of Oge Energy Corp.'s total asset turnover ratio is crucial for monitoring the company's operational efficiency and financial performance over time.