Ormat Technologies Inc (ORA)

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	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
Total assets	US$ in thousands	5,208,280	5,010,810	5,010,640	5,015,270	4,611,580	4,524,530	4,541,980	4,414,190	4,425,680	4,359,370	3,818,550	3,859,210	3,888,990	3,520,950	3,418,380	3,445,610	3,250,490	3,259,490	3,193,780	3,143,210
Total asset turnover		0.26	0.25	0.25	0.24	0.26	0.27	0.26	0.26	0.25	0.22	0.22	0.20	0.18	0.20	0.21	0.21	0.23	0.23	0.23	0.23

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,330,609K ÷ $5,208,280K
= 0.26

Ormat Technologies Inc's total asset turnover has remained relatively stable over the past eight quarters, ranging between 0.15 and 0.16. This ratio indicates that, on average, the company generates $0.15 to $0.16 in revenue for every dollar of total assets it holds. A higher total asset turnover ratio is generally favored, as it shows that the company is efficiently utilizing its assets to generate sales. However, Ormat's consistent ratio suggests a steady performance in this area, with neither significant improvement nor decline in asset utilization efficiency observed over the specified time period. It would be beneficial for Ormat to assess its operational strategies to potentially enhance its asset turnover in the future.