Public Service Enterprise Group Inc (PEG)

Fixed asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	11,237,000	9,800,000	9,722,000	9,603,000	10,076,000
Property, plant and equipment	US$ in thousands	—	36,118,000	34,567,000	37,847,000	35,844,000
Fixed asset turnover		—	0.27	0.28	0.25	0.28

December 31, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $11,237,000K ÷ $—K
= —

Public Service Enterprise Group Inc.'s fixed asset turnover has shown some fluctuations over the past five years. The ratio measures how efficiently the company is generating sales from its investment in fixed assets. A higher fixed asset turnover indicates better utilization of fixed assets to generate sales.

Based on the data provided:
- In 2023, the fixed asset turnover improved to 0.30 from 0.27 in 2022, indicating that the company was more efficient in generating revenue from its fixed assets during the year.
- Similarly, in 2021, the ratio also increased to 0.28 from 0.26 in 2020, showing an improvement in asset utilization.
- However, in 2019, the ratio stood at 0.28, indicating that the company was able to generate revenue at a similar level compared to 2021, despite fluctuations in the intervening years.

Overall, an upward trend in fixed asset turnover is generally seen as positive as it suggests that the company is effectively leveraging its fixed assets to drive sales. However, it is important to consider other factors and ratios in conjunction with fixed asset turnover for a more comprehensive analysis of Public Service Enterprise Group Inc.'s financial performance.