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.