Southern Company (SO)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 26,724,000 | 25,253,000 | 29,279,000 | 23,113,000 | 20,375,000 |
| Property, plant and equipment | US$ in thousands | — | — | 94,570,000 | 91,108,000 | 87,634,000 |
| Fixed asset turnover | — | — | 0.31 | 0.25 | 0.23 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $26,724,000K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is generating revenue from its investment in fixed assets. For Southern Company, the fixed asset turnover ratios have shown a gradual increase over the years, from 0.23 in December 31, 2020, to 0.25 in December 31, 2021, and further to 0.31 in December 31, 2022. This suggests that Southern Company is becoming more efficient in utilizing its fixed assets to generate sales.
However, the data for December 31, 2023, and December 31, 2024, are not available (marked as "—"). It would be important for Southern Company to provide this information to have a complete understanding of its fixed asset turnover trend.
Overall, the increasing trend in fixed asset turnover indicates that Southern Company is managing its fixed assets effectively to drive revenue growth. It would be beneficial for stakeholders to closely monitor future developments to assess the company's ongoing efficiency in utilizing its fixed assets.
Peer comparison
Dec 31, 2024