PG&E Corp (PCG)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 24,419,000 | 24,428,000 | 21,680,000 | 20,642,000 | 18,469,000 |
| Property, plant and equipment | US$ in thousands | 87,422,000 | 81,534,000 | 76,208,000 | 69,826,000 | 66,136,000 |
| Fixed asset turnover | 0.28 | 0.30 | 0.28 | 0.30 | 0.28 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $24,419,000K ÷ $87,422,000K
= 0.28
The fixed asset turnover ratio for PG&E Corp has been relatively stable over the past five years, ranging between 0.28 and 0.30. This ratio indicates how efficiently the company is utilizing its fixed assets to generate revenue. A higher ratio suggests better utilization of fixed assets to generate sales.
Based on the data provided, PG&E Corp's fixed asset turnover has shown some fluctuations but has generally remained around the same level. It is essential for the company to constantly monitor and improve this ratio to ensure optimal use of its fixed assets and maximize revenue generation. Further analysis of the company's operational efficiency and asset management practices may be necessary to fully assess the impact of the fixed asset turnover ratio on overall financial performance.
Peer comparison
Dec 31, 2024