Sempra Energy (SRE)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 13,185,000 | 16,720,000 | 14,439,000 | 12,857,000 | 11,370,000 |
| Total assets | US$ in thousands | 96,155,000 | 87,181,000 | 78,574,000 | 72,045,000 | 66,623,000 |
| Total asset turnover | 0.14 | 0.19 | 0.18 | 0.18 | 0.17 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $13,185,000K ÷ $96,155,000K
= 0.14
Total asset turnover measures how efficiently a company generates revenue relative to its total assets. For Sempra Energy, the total asset turnover has shown a slight improvement over the years, increasing from 0.17 in December 2020 to 0.18 in December 2021, 2022, and 2023. This indicates that the company is utilizing its assets slightly more efficiently to generate revenue. However, there was a decrease in total asset turnover to 0.14 in December 2024, which may suggest a decline in revenue generation efficiency relative to its total assets during that period. It is important for Sempra Energy to monitor and analyze the factors influencing this ratio to ensure optimal utilization of assets in driving revenue growth.
Peer comparison
Dec 31, 2024