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.