Portland General Electric Co (POR)

Fixed 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	2,923,000	2,885,000	2,826,000	2,769,000	2,647,000	2,568,000	2,467,000	2,413,000	2,396,000	2,344,000	2,249,000	2,181,000	2,145,000	2,137,000	2,132,000	2,123,000	2,123,000	2,099,000	2,082,000	2,071,000
Property, plant and equipment	US$ in thousands	—	13,754,000	13,436,000	13,115,000	12,888,000	12,649,000	12,445,000	12,280,000	12,151,000	11,837,000	11,678,000	11,545,000	11,403,000	11,675,000	11,539,000	11,389,000	7,161,000	11,036,000	10,903,000	10,616,000
Fixed asset turnover		—	0.21	0.21	0.21	0.21	0.20	0.20	0.20	0.20	0.20	0.19	0.19	0.19	0.18	0.18	0.19	0.30	0.19	0.19	0.20

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,923,000K ÷ $—K
= —

Portland General Electric Co's fixed asset turnover ratio has been relatively stable over the past eight quarters, ranging between 0.30 and 0.32. This ratio measures how efficiently the company is utilizing its fixed assets to generate revenue.

With a relatively low fixed asset turnover ratio, it indicates that the company is generating less revenue per dollar of fixed assets. This may suggest that the company's fixed assets are not being utilized as efficiently as they could be to drive sales.

It is important for Portland General Electric Co to improve its fixed asset turnover ratio to enhance efficiency and profitability. The management should consider strategies to optimize the use of fixed assets or possibly reassess the level of its fixed asset investments to achieve better returns.