Portland General Electric Co (POR)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,440,000 | 2,923,000 | 2,647,000 | 2,396,000 | 2,145,000 |
| Total assets | US$ in thousands | 12,544,000 | 11,208,000 | 10,459,000 | 9,494,000 | 9,069,000 |
| Total asset turnover | 0.27 | 0.26 | 0.25 | 0.25 | 0.24 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,440,000K ÷ $12,544,000K
= 0.27
Portland General Electric Co's total asset turnover has shown a consistent improvement over the years, increasing from 0.24 in December 31, 2020, to 0.27 in December 31, 2024. This indicates that the company is more efficient in generating revenue relative to its total assets. The rising trend suggests that management is effectively utilizing its assets to generate sales, which can lead to improved profitability and shareholder value in the long run. The steady increase in total asset turnover is a positive indicator of Portland General Electric Co's operational efficiency and potential for sustained growth.
Peer comparison
Dec 31, 2024