Portland General Electric Co (POR)
Total 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 |
| Total assets | US$ in thousands | 11,208,000 | 10,459,000 | 9,494,000 | 9,069,000 | 8,394,000 |
| Total asset turnover | 0.26 | 0.25 | 0.25 | 0.24 | 0.25 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,923,000K ÷ $11,208,000K
= 0.26
The total asset turnover of Portland General Electric Co has shown consistency over the past five years, with values ranging between 0.24 and 0.26. This ratio indicates that the company generates revenue in relation to its total assets. A total asset turnover ratio of 0.26 in 2023 implies that for every dollar of assets held by the company, it generated $0.26 of revenue during that year. The stable trend suggests that the company is effectively utilizing its assets to generate sales. Additionally, this consistent performance could indicate efficient asset management and effective business operations. However, further analysis in combination with other financial metrics is recommended to gain a comprehensive understanding of the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2023