Public Service Enterprise Group Inc (PEG)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,290,000 | 11,237,000 | 9,800,000 | 9,722,000 | 9,603,000 |
| Property, plant and equipment | US$ in thousands | — | — | 36,118,000 | 34,567,000 | 37,847,000 |
| Fixed asset turnover | — | — | 0.27 | 0.28 | 0.25 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $10,290,000K ÷ $—K
= —
The fixed asset turnover ratio of Public Service Enterprise Group Inc has shown some variability over the years analyzed. The ratio measures the efficiency of the company in generating sales revenue from its investment in fixed assets.
In 2020, the fixed asset turnover ratio was 0.25, indicating that for every dollar invested in fixed assets, the company generated $0.25 in sales. The ratio improved slightly to 0.28 in 2021, suggesting a better utilization of fixed assets to generate revenue.
However, there was a slight decrease in the ratio to 0.27 in 2022, indicating a potential decrease in efficiency in utilizing fixed assets to generate sales. Unfortunately, the data for 2023 and 2024 is not available, making it challenging to assess the trend further.
Overall, the company should aim to improve its fixed asset turnover ratio to ensure optimal utilization of fixed assets and enhance revenue generation efficiency. Keeping a close watch on this ratio can help the company in monitoring its asset management and operational efficiency over time.
Peer comparison
Dec 31, 2024