Pinnacle West Capital Corp (PNW)
Fixed asset turnover
Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (ttm) | US$ in thousands | 5,124,912 | 5,021,076 | 4,890,036 | 4,702,746 | 4,695,989 | 4,713,725 | 4,545,835 | 4,485,805 | 4,324,381 | 4,113,928 | 3,952,308 | 3,890,888 | 3,803,832 | 3,745,936 | 3,692,186 | 3,621,526 | 3,586,981 | 3,516,411 | 3,452,701 | 3,392,612 |
Property, plant and equipment | US$ in thousands | 16,833,500 | 16,384,600 | 16,286,100 | 15,867,100 | 15,803,100 | 15,620,600 | 15,468,700 | 14,551,500 | 14,522,300 | 14,476,900 | 14,499,500 | 14,247,600 | 14,184,100 | 14,022,900 | 13,957,900 | 13,758,900 | 13,727,600 | 13,453,400 | 13,438,100 | 13,146,500 |
Fixed asset turnover | 0.30 | 0.31 | 0.30 | 0.30 | 0.30 | 0.30 | 0.29 | 0.31 | 0.30 | 0.28 | 0.27 | 0.27 | 0.27 | 0.27 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,124,912K ÷ $16,833,500K
= 0.30
The fixed asset turnover ratio for Pinnacle West Capital Corp has been relatively stable around 0.26 to 0.27 from March 31, 2020, to June 30, 2022. However, there has been a gradual improvement in the ratio from September 30, 2022, to December 31, 2024, reaching a peak of 0.31 on September 30, 2024. This indicates that the company is becoming more efficient in generating revenue from its fixed assets over time. The increase in the ratio suggests that Pinnacle West Capital Corp has been better utilizing its fixed assets to generate sales, which is a positive sign for the company's operational efficiency and overall financial performance.
Peer comparison
Dec 31, 2024