PG&E Corp (PCG)

Fixed asset turnover

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Revenue US$ in thousands 24,428,000 21,680,000 20,642,000 18,469,000 17,129,000
Property, plant and equipment US$ in thousands 81,534,000 76,208,000 69,826,000 66,136,000 61,635,000
Fixed asset turnover 0.30 0.28 0.30 0.28 0.28

December 31, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $24,428,000K ÷ $81,534,000K
= 0.30

Fixed asset turnover is a financial ratio that measures a company's ability to generate revenue from its fixed assets. It is calculated by dividing revenue by average fixed assets. A higher fixed asset turnover ratio indicates better efficiency in utilizing fixed assets to generate sales.

Analyzing PG&E Corp.'s fixed asset turnover ratio over the past five years, we can observe a consistent trend of around 0.28 to 0.30. This suggests that the company has been relatively steady in generating revenue from its fixed assets during this period.

A fixed asset turnover ratio of 0.30 in 2023 indicates that for every dollar invested in fixed assets, the company generated $0.30 in revenue. This implies that PG&E Corp. may be effectively utilizing its fixed assets to drive sales. However, it is essential to consider industry benchmarks and compare the ratio to peers to get a clearer picture of the company's performance in this aspect.

Overall, the stability of PG&E Corp.'s fixed asset turnover ratio over the years indicates a consistent efficiency in utilizing its fixed assets to generate revenue.


Peer comparison

Dec 31, 2023