Ormat Technologies Inc (ORA)

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 1,330,609 1,267,824 1,230,814 1,203,225 1,203,635 1,199,629 1,177,737 1,145,542 1,097,638 959,486 850,275 775,709 705,342 718,402 729,954 739,119 746,044 744,067 740,048 734,282
Property, plant and equipment US$ in thousands 2,998,950 841,536 714,850 905,505 2,493,460 795,891 912,376 819,560 2,294,970 615,482 531,634 471,548 2,099,050 463,073 394,123 413,789 1,971,420 352,013 1,963,090 1,962,580
Fixed asset turnover 0.44 1.51 1.72 1.33 0.48 1.51 1.29 1.40 0.48 1.56 1.60 1.65 0.34 1.55 1.85 1.79 0.38 2.11 0.38 0.37

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,330,609K ÷ $2,998,950K
= 0.44

Ormat Technologies Inc's fixed asset turnover ratio has been relatively stable over the past eight quarters, ranging between 0.21 and 0.22. This ratio indicates that for every dollar of fixed assets invested in the company, it generates between $0.21 and $0.22 of sales. A fixed asset turnover ratio at this level suggests that Ormat Technologies Inc is utilizing its fixed assets efficiently to generate revenue. However, it is important to consider industry benchmarks and trends in fixed asset turnover over time to assess the company's performance more accurately.