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.
Peer comparison
Dec 31, 2023