PG&E Corp (PCG)
Total 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 |
| Total assets | US$ in thousands | 125,698,000 | 118,644,000 | 103,327,000 | 97,856,000 | 85,196,000 |
| Total asset turnover | 0.19 | 0.18 | 0.20 | 0.19 | 0.20 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $24,428,000K ÷ $125,698,000K
= 0.19
The total asset turnover ratio of PG&E Corp. has shown consistency in the range of 0.18 to 0.20 over the past five years. This ratio indicates the company's ability to generate sales revenue in relation to its total assets. A total asset turnover ratio of around 0.19 to 0.20 suggests that PG&E Corp. is efficiently utilizing its assets to generate sales. However, the slight fluctuations in the ratio over the years may indicate some variability in the company's asset utilization efficiency. Further analysis of the company's operational strategies and asset management practices might provide additional insights into these fluctuations.
Peer comparison
Dec 31, 2023