Ormat Technologies Inc (ORA)
Total asset turnover
Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (ttm) | US$ in thousands | 879,654 | 890,253 | 886,525 | 868,358 | 829,424 | 793,570 | 761,399 | 735,681 | 734,159 | 719,662 | 702,619 | 680,442 | 663,084 | 651,477 | 651,582 | 679,581 | 705,342 | 718,402 | 729,954 | 739,119 |
Total assets | US$ in thousands | 5,666,220 | 5,590,340 | 5,506,800 | 5,516,840 | 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 |
Total asset turnover | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.15 | 0.15 | 0.16 | 0.16 | 0.15 | 0.15 | 0.15 | 0.15 | 0.17 | 0.18 | 0.18 | 0.20 | 0.21 | 0.21 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $879,654K ÷ $5,666,220K
= 0.16
Ormat Technologies Inc's total asset turnover has shown a consistent trend of approximately 0.15 to 0.21 from March 31, 2020, to December 31, 2024. This ratio indicates how efficiently the company is utilizing its assets to generate revenue. The decreasing trend over time suggests that Ormat Technologies Inc may be experiencing challenges in effectively utilizing its assets to generate sales. Further analysis of the company's operating efficiency and asset management may be warranted to address this trend and improve overall performance.
Peer comparison
Dec 31, 2024
Company name
Symbol
Total asset turnover
Ormat Technologies Inc
ORA
0.16
American Electric Power Co Inc
AEP
0.19
Black Hills Corporation
BKH
0.21
CenterPoint Energy Inc
CNP
0.20
Clearway Energy Inc Class C
CWEN
0.10
Constellation Energy Corp
CEG
0.44
Dominion Energy Inc
D
0.14
DTE Energy Company
DTE
0.01
Edison International
EIX
0.21
Entergy Corporation
ETR
0.18
Eversource Energy
ES
0.20