Public Service Enterprise Group Inc (PEG)
Total 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 |
| Total assets | US$ in thousands | 54,640,000 | 50,741,000 | 48,718,000 | 48,999,000 | 50,050,000 |
| Total asset turnover | 0.19 | 0.22 | 0.20 | 0.20 | 0.19 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $10,290,000K ÷ $54,640,000K
= 0.19
Public Service Enterprise Group Inc's total asset turnover has shown a slight improvement over the period from December 31, 2020 to December 31, 2024. The ratio increased from 0.19 in December 2020 to 0.22 in December 2023, indicating that the company generated $0.22 in revenue for every dollar of total assets held. However, by December 2024, the total asset turnover decreased back to 0.19.
This fluctuation suggests that the company's efficiency in generating revenue from its assets varied during the period under review. A higher total asset turnover generally signifies better efficiency in asset utilization and revenue generation. It is important for Public Service Enterprise Group Inc to monitor and potentially improve this ratio in order to maximize its operational efficiency and profitability.
Peer comparison
Dec 31, 2024