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