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.