Public Service Enterprise Group Inc (PEG)
Total 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 |
| Total assets | US$ in thousands | 50,741,000 | 48,718,000 | 48,999,000 | 50,050,000 | 47,730,000 |
| Total asset turnover | 0.22 | 0.20 | 0.20 | 0.19 | 0.21 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $11,237,000K ÷ $50,741,000K
= 0.22
Public Service Enterprise Group Inc.'s total asset turnover has shown a fluctuating trend over the past five years. The company's total asset turnover ratio was 0.22 in 2023, higher compared to the previous year's ratio of 0.20. This indicates that the company generated $0.22 in revenue for every dollar of assets it held in 2023.
Compared to 2021 and 2020, where the total asset turnover ratio was constant at 0.20, the slight increase in 2023 suggests the company improved its efficiency in generating revenue from its assets. However, it is worth noting that the ratio was slightly higher in 2019 at 0.21.
Overall, Public Service Enterprise Group Inc.'s total asset turnover has shown variability but has improved in the most recent year, indicating potential efficiency gains in utilizing its assets to generate revenue.
Peer comparison
Dec 31, 2023