Portland General Electric Co (POR)

Total 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
Total assets	US$ in thousands	11,208,000	10,603,000	10,370,000	10,151,000	10,459,000	9,849,000	9,783,000	9,723,000	9,494,000	9,542,000	9,099,000	9,069,000	9,069,000	8,869,000	8,805,000	8,470,000	8,394,000	8,154,000	7,997,000	7,948,000
Total asset turnover		0.26	0.27	0.27	0.27	0.25	0.26	0.25	0.25	0.25	0.25	0.25	0.24	0.24	0.24	0.24	0.25	0.25	0.26	0.26	0.26

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,923,000K ÷ $11,208,000K
= 0.26

Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its assets. A higher total asset turnover indicates that the company is utilizing its assets more effectively to generate revenue.

Based on the data provided for Portland General Electric Co, the total asset turnover has been fairly consistent over the past eight quarters, ranging from 0.25 to 0.27. This stability suggests that the company is maintaining a relatively efficient level of asset utilization in generating sales.

While the total asset turnover ratio alone does not provide a complete picture of the company's financial performance, it is an important metric to evaluate efficiency and productivity. Further analysis, in conjunction with other financial metrics and industry benchmarks, would be beneficial to assess Portland General Electric Co's overall financial health and operational efficiency.