Public Service Enterprise Group Inc (PEG)

Total 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
Total assets	US$ in thousands	50,741,000	49,552,000	49,505,000	49,409,000	48,718,000	47,741,000	49,608,000	47,774,000	48,999,000	49,426,000	49,292,000	50,206,000	50,050,000	49,576,000	48,780,000	48,365,000	47,730,000	46,815,000	46,280,000	45,756,000
Total asset turnover		0.22	0.24	0.23	0.23	0.20	0.20	0.19	0.19	0.20	0.18	0.19	0.19	0.19	0.20	0.20	0.20	0.21	0.22	0.22	0.22

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $11,237,000K ÷ $50,741,000K
= 0.22

Public Service Enterprise Group Inc.'s total asset turnover has shown a consistent trend of improvement over the past eight quarters, fluctuating between 0.19 and 0.24. The company's ability to generate revenues relative to its total assets has generally increased, indicating more efficient asset utilization. This suggests that the company has been able to effectively deploy its assets to generate sales and potentially increase its profitability. Maintaining a higher total asset turnover ratio signifies that Public Service Enterprise Group Inc. is effectively managing its asset base to drive revenue and improve overall business performance. However, further analysis comparing this metric to industry benchmarks and historical performance would provide a more comprehensive understanding of the company's efficiency in utilizing its assets.