PG&E Corp (PCG)

Total 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
Total assets	US$ in thousands	125,698,000	123,009,000	120,705,000	119,612,000	118,644,000	117,012,000	113,541,000	103,931,000	103,327,000	103,561,000	100,494,000	98,558,000	97,856,000	95,587,000	109,229,000	86,688,000	85,196,000	85,713,000	84,387,000	82,287,000
Total asset turnover		0.19	0.19	0.18	0.18	0.18	0.18	0.19	0.21	0.20	0.20	0.20	0.19	0.19	0.19	0.16	0.20	0.20	0.19	0.19	0.20

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $24,428,000K ÷ $125,698,000K
= 0.19

Total asset turnover is a financial ratio that measures a company's ability to generate sales revenue relative to its total assets. For PG&E Corp., the total asset turnover ratio has been relatively consistent over the past eight quarters, ranging between 0.18 and 0.21.

A total asset turnover ratio of less than 1 indicates that the company is not generating a high level of sales relative to its total assets. In the case of PG&E Corp., the numbers suggest that for every dollar of assets the company holds, it is generating sales revenue ranging from $0.18 to $0.21.

Although the ratio has remained relatively stable, potential improvements could be made to enhance efficiency in utilizing assets to generate more sales revenue. Further analysis of the company's operational performance and asset management strategies may provide insights into opportunities for optimizing total asset turnover in the future.