PPL Corporation (PPL)
Total 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 |
| Total assets | US$ in thousands | 41,069,000 | 39,236,000 | 37,837,000 | 33,223,000 | 48,116,000 |
| Total asset turnover | 0.21 | 0.21 | 0.21 | 0.17 | 0.11 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $8,462,000K ÷ $41,069,000K
= 0.21
PPL Corporation's total asset turnover has shown an increasing trend over the past few years. From a relatively low level of 0.11 in December 31, 2020, the total asset turnover ratio has improved significantly to 0.17 by December 31, 2021, further increasing to 0.21 by December 31, 2022. The ratio has remained stable at 0.21 from December 31, 2022 to December 31, 2024.
A total asset turnover ratio of 0.21 indicates that for every dollar of total assets, the company generates $0.21 of revenue. This suggests that PPL Corporation is becoming more efficient in generating revenue from its total assets over time. The increasing trend in total asset turnover reflects improved asset utilization by the company, indicating effective management of assets to generate sales. Overall, the trend in total asset turnover for PPL Corporation is positive and indicates operational efficiency and effective utilization of resources.
Peer comparison
Dec 31, 2024