PG&E Corp (PCG)

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 24,428,000 22,757,000 22,263,000 22,091,000 21,680,000 21,556,000 21,627,000 21,724,000 20,642,000 20,988,000 20,014,000 19,133,000 18,469,000 17,835,000 17,724,000 17,273,000 17,129,000 16,259,000 16,260,000 16,611,000
Property, plant and equipment US$ in thousands 81,534,000 80,259,000 78,773,000 77,320,000 76,208,000 75,075,000 73,495,000 71,505,000 69,826,000 69,391,000 68,344,000 67,261,000 66,136,000 64,670,000 63,401,000 62,498,000 61,635,000 61,324,000 60,251,000 59,237,000
Fixed asset turnover 0.30 0.28 0.28 0.29 0.28 0.29 0.29 0.30 0.30 0.30 0.29 0.28 0.28 0.28 0.28 0.28 0.28 0.27 0.27 0.28

December 31, 2023 calculation

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

Fixed asset turnover is a financial ratio that measures a company's efficiency in generating revenue from its investment in fixed assets. For PG&E Corp., the fixed asset turnover ratio has been relatively stable over the past eight quarters, ranging from 0.28 to 0.30.

This indicates that, on average, for every dollar invested in fixed assets, PG&E Corp. generated $0.28 to $0.30 in revenue. The consistency of the ratio suggests that the company has been able to effectively utilize its fixed assets to support its revenue generation activities.

It is important to note that a higher fixed asset turnover ratio is generally preferred, as it signifies that the company is efficiently utilizing its fixed assets to generate revenue. However, the fixed asset turnover ratio should be analyzed in conjunction with other financial ratios and factors to gain a holistic view of the company's operational efficiency and financial performance.


Peer comparison

Dec 31, 2023