PPL Corporation (PPL)
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 | 8,312,000 | 8,571,000 | 8,662,000 | 8,535,000 | 7,902,000 | 7,097,000 | 6,475,000 | 6,067,000 | 5,783,000 | 5,669,000 | 5,557,000 | 5,532,000 | 5,474,000 | 6,057,000 | 6,590,000 | 7,130,000 | 7,769,000 | 7,754,000 | 7,693,000 | 7,738,000 |
| Property, plant and equipment | US$ in thousands | 31,418,000 | 31,070,000 | 30,762,000 | 30,457,000 | 30,238,000 | 29,894,000 | 29,910,000 | 25,645,000 | 25,470,000 | 25,206,000 | 24,945,000 | 24,697,000 | 24,500,000 | 38,320,000 | 36,785,000 | 36,835,000 | 36,482,000 | 35,108,000 | 35,130,000 | 35,307,000 |
| Fixed asset turnover | 0.26 | 0.28 | 0.28 | 0.28 | 0.26 | 0.24 | 0.22 | 0.24 | 0.23 | 0.22 | 0.22 | 0.22 | 0.22 | 0.16 | 0.18 | 0.19 | 0.21 | 0.22 | 0.22 | 0.22 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $8,312,000K ÷ $31,418,000K
= 0.26
The fixed asset turnover ratio for PPL Corp has shown a gradual improvement over the past two years, increasing from 0.22 in Q2 2022 to 0.28 in Q3 2023. This indicates that PPL Corp is generating more revenue relative to its investment in fixed assets. The company's ability to efficiently utilize its fixed assets has improved, with the ratio consistently staying above 0.24 since Q1 2022. This trend suggests that PPL Corp is effectively managing and leveraging its fixed assets to drive revenue generation. Overall, the increasing trend in fixed asset turnover ratio reflects positively on PPL Corp's operational efficiency and asset utilization.
Peer comparison
Dec 31, 2023