PPL Corporation (PPL)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,312,000 | 7,902,000 | 5,783,000 | 5,474,000 | 5,602,000 |
| Total assets | US$ in thousands | 39,236,000 | 37,837,000 | 33,223,000 | 48,116,000 | 45,680,000 |
| Total asset turnover | 0.21 | 0.21 | 0.17 | 0.11 | 0.12 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $8,312,000K ÷ $39,236,000K
= 0.21
Based on the data provided, PPL Corp's total asset turnover has shown a relatively stable trend over the past five years, ranging from 0.16 to 0.21. Total asset turnover measures the efficiency with which the company generates sales revenue from its assets. A higher turnover ratio indicates that the company is more efficient in utilizing its assets to generate revenue.
In this case, PPL Corp's total asset turnover has generally hovered around the range of 0.16 to 0.21, suggesting that the company has been able to generate sales revenue consistently relative to its total assets. While the ratios have not shown significant fluctuations, there was a slight improvement in 2023 compared to the previous years, which may indicate a slight increase in efficiency in utilizing assets to generate revenue.
Overall, PPL Corp's total asset turnover appears to be relatively stable, indicating consistent efficiency in asset utilization for revenue generation over the past five years.
Peer comparison
Dec 31, 2023