Spire Inc (SR)

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	2,416,200	2,524,200	2,541,800	2,588,700	2,365,900	2,078,700	2,060,900	1,943,100	2,168,800	2,128,900	2,093,600	2,087,400	1,696,600	1,749,900	1,748,800	1,775,400	1,890,600	1,952,400	1,966,000	1,995,300
Total assets	US$ in thousands	10,631,700	10,313,600	10,037,500	10,049,000	10,327,700	10,083,700	9,783,900	9,401,300	9,650,500	9,356,400	8,893,300	8,936,800	8,515,600	8,241,200	7,822,600	8,018,000	7,961,000	7,619,200	7,332,000	7,273,600
Total asset turnover		0.23	0.24	0.25	0.26	0.23	0.21	0.21	0.21	0.22	0.23	0.24	0.23	0.20	0.21	0.22	0.22	0.24	0.26	0.27	0.27

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,416,200K ÷ $10,631,700K
= 0.23

The total asset turnover ratio of Spire Inc. has shown a fluctuating trend over the past eight quarters. The ratio was at its lowest in Q4 2022 and Q1 2023 at 0.22, indicating that the company generated $0.22 in revenue for every $1 of assets during those periods.

However, there was an improvement in the ratio in the subsequent quarters, reaching a peak of 0.27 in Q3 2023 and Q2 2023. This suggests that Spire Inc. was able to generate more revenue for every dollar of assets deployed during those quarters.

Overall, the average total asset turnover ratio over the eight quarters was approximately 0.25, indicating that, on average, Spire Inc. generated $0.25 in revenue for every dollar of assets. This ratio is a measure of the company's efficiency in utilizing its assets to generate revenue and reflects the effectiveness of its asset management strategies.