Portland General Electric Co (POR)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,923,000 | 2,647,000 | 2,396,000 | 2,145,000 | 2,123,000 |
| Property, plant and equipment | US$ in thousands | — | 12,888,000 | 12,151,000 | 11,403,000 | 7,161,000 |
| Fixed asset turnover | — | 0.21 | 0.20 | 0.19 | 0.30 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,923,000K ÷ $—K
= —
The fixed asset turnover ratio for Portland General Electric Co has been relatively stable over the past five years, ranging between 0.28 to 0.31. This indicates that the company generates approximately 0.30 times in revenue for every dollar invested in fixed assets.
A fixed asset turnover ratio of less than 1 suggests that the company is not efficiently utilizing its fixed assets to generate sales. Although the ratio has remained consistent, it is on the lower side, indicating that there may be room for improvement in the company's asset utilization efficiency.
Further analysis of the company's operational efficiency and investment in fixed assets, along with comparison to industry benchmarks, would provide additional insights into the effectiveness of Portland General Electric Co's asset management strategies.
Peer comparison
Dec 31, 2023