PPL Corporation (PPL)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,462,000 | 8,312,000 | 7,902,000 | 5,783,000 | 5,474,000 |
| Property, plant and equipment | US$ in thousands | 33,149,000 | 31,418,000 | 30,238,000 | 25,470,000 | 24,500,000 |
| Fixed asset turnover | 0.26 | 0.26 | 0.26 | 0.23 | 0.22 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $8,462,000K ÷ $33,149,000K
= 0.26
The fixed asset turnover ratio for PPL Corporation has shown a gradual improvement over the years, increasing from 0.22 in 2020 to 0.26 in 2024. This indicates that the company is generating more revenue relative to its investment in fixed assets. A higher fixed asset turnover ratio is generally considered favorable as it suggests that the company is effectively utilizing its fixed assets to generate sales. PPL Corporation's consistent growth in fixed asset turnover reflects efficient management of its assets and operations, which is a positive indicator of the company's operational performance and financial health.
Peer comparison
Dec 31, 2024