PPL Corporation (PPL)

Total 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
Total assets US$ in thousands 39,236,000 38,629,000 38,296,000 38,302,000 37,837,000 37,378,000 37,062,000 34,107,000 33,223,000 34,171,000 36,759,000 47,781,000 48,116,000 47,924,000 46,520,000 46,328,000 45,680,000 44,559,000 44,204,000 44,567,000
Total asset turnover 0.21 0.22 0.23 0.22 0.21 0.19 0.17 0.18 0.17 0.17 0.15 0.12 0.11 0.13 0.14 0.15 0.17 0.17 0.17 0.17

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $8,312,000K ÷ $39,236,000K
= 0.21

The total asset turnover ratio for PPL Corp has been relatively stable over the past eight quarters, ranging from 0.17 to 0.23. This indicates that the company generates between $0.17 and $0.23 in revenue for every dollar of total assets it holds.

The gradual increase in the total asset turnover ratio from Q2 2022 to Q2 2023 suggests that the company has been more efficient in utilizing its assets to generate revenue during this period. However, the ratio remained within a narrow range overall, indicating consistent performance in asset utilization.

It is important to note that a higher total asset turnover ratio generally signifies better asset efficiency and productivity. Therefore, PPL Corp may benefit from further efforts to maximize the revenue generated from its total assets to improve its overall financial performance.


Peer comparison

Dec 31, 2023