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