Public Service Enterprise Group Inc (PEG)

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	11,237,000	11,771,000	11,587,000	11,242,000	9,800,000	9,717,000	9,348,000	9,146,000	9,722,000	9,068,000	9,535,000	9,711,000	9,603,000	9,679,000	9,611,000	9,877,000	10,076,000	10,066,000	10,158,000	9,858,000
Property, plant and equipment	US$ in thousands	—	37,632,000	36,860,000	36,360,000	36,118,000	35,629,000	35,159,000	34,734,000	34,567,000	33,579,000	37,258,000	37,786,000	37,847,000	37,049,000	36,551,000	36,205,000	35,844,000	35,407,000	34,877,000	34,787,000
Fixed asset turnover		—	0.31	0.31	0.31	0.27	0.27	0.27	0.26	0.28	0.27	0.26	0.26	0.25	0.26	0.26	0.27	0.28	0.28	0.29	0.28

December 31, 2023 calculation

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

The fixed asset turnover ratio of Public Service Enterprise Group Inc. has shown consistent improvement over the past eight quarters, with values ranging from 0.26 to 0.31. This ratio indicates how efficiently the company generates revenue from its fixed assets.

The increasing trend in the fixed asset turnover ratio suggests that the company is utilizing its fixed assets more effectively to generate sales. It implies that the company is able to generate more revenue from each dollar invested in fixed assets, which is a positive sign of operational efficiency.

The relatively stable and gradually increasing trend in the fixed asset turnover ratio over the quarters indicates that the company's management is effectively managing its fixed assets to drive revenue growth. This improvement reflects positively on the company's operational performance and efficiency in utilizing its fixed assets to generate sales.

Overall, the consistent improvement in the fixed asset turnover ratio of Public Service Enterprise Group Inc. signifies that the company is efficiently utilizing its fixed assets to generate revenue, and it indicates a positive trend in the company's operational efficiency.