Pinnacle West Capital Corp (PNW)

Total 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
Total assets US$ in thousands 26,102,800 26,309,600 25,701,100 24,847,700 24,661,200 24,434,400 23,979,300 23,580,400 22,723,400 22,844,600 22,501,500 22,201,000 22,003,200 21,536,400 21,061,600 20,184,700 20,020,400 19,751,400 19,307,400 18,561,800
Total asset turnover 0.20 0.19 0.19 0.19 0.19 0.19 0.19 0.19 0.19 0.18 0.18 0.18 0.17 0.17 0.18 0.18 0.18 0.18 0.18 0.18

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,124,912K ÷ $26,102,800K
= 0.20

Total asset turnover for Pinnacle West Capital Corp has remained relatively stable, hovering around 0.18 to 0.20 over the past few years. This ratio indicates that the company generates approximately 18% to 20% in sales for every dollar invested in assets. The slight increase from 2022 to 2024 suggests an improvement in efficiency in utilizing its assets to generate revenue. Overall, the company seems to be maintaining a reasonable level of efficiency in generating sales compared to its investment in assets.