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