Southern Company (SO)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 26,724,000 | 26,428,000 | 26,134,000 | 25,419,000 | 25,253,000 | 26,255,000 | 27,653,000 | 29,111,000 | 29,279,000 | 27,999,000 | 25,859,000 | 23,851,000 | 23,113,000 | 22,463,000 | 21,845,000 | 21,267,000 | 20,375,000 | 20,172,000 | 20,547,000 | 21,025,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 9,963,000 | 96,767,000 | 95,630,000 | 94,570,000 | 93,529,000 | 94,184,000 | 91,790,000 | 91,108,000 | 92,364,000 | 91,076,000 | 89,037,000 | 87,634,000 | 86,397,000 | 85,029,000 | 83,965,000 |
| Fixed asset turnover | — | — | — | — | — | 2.64 | 0.29 | 0.30 | 0.31 | 0.30 | 0.27 | 0.26 | 0.25 | 0.24 | 0.24 | 0.24 | 0.23 | 0.23 | 0.24 | 0.25 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $26,724,000K ÷ $—K
= —
The fixed asset turnover ratio for Southern Company has shown fluctuating trends over the past few years. The ratio decreased from 0.25 in March 2020 to 0.23 in September 2020, indicating a decrease in the company's efficiency in generating revenue from its fixed assets during this period. However, it started to recover gradually, reaching 0.27 by June 2022.
Notably, there was a significant spike in the fixed asset turnover ratio in the third quarter of 2023, soaring to 2.64, which may be an anomaly or an event that significantly impacted the company's fixed asset utilization and revenue generation efficiency.
The following periods, December 2023 to December 2024, show unavailable data ("—"), which could be due to various reasons such as a change in reporting practices, lack of updated information, or other factors affecting the calculation of the ratio.
Overall, while the fixed asset turnover ratio for Southern Company has displayed some variability, it is essential to consider the context and potential reasons behind the fluctuations to gain a comprehensive understanding of the company's operational efficiency in utilizing its fixed assets to generate revenue.
Peer comparison
Dec 31, 2024