Sempra Energy (SRE)
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 | 16,720,000 | 16,684,000 | 16,967,000 | 17,179,000 | 14,439,000 | 14,828,000 | 14,224,000 | 13,418,000 | 12,857,000 | 12,184,000 | 11,815,000 | 11,600,000 | 11,370,000 | 11,142,000 | 11,256,000 | 10,960,000 | 10,829,000 | 10,712,000 | 10,519,000 | 10,464,000 |
| Total assets | US$ in thousands | 87,181,000 | 85,735,000 | 82,727,000 | 80,549,000 | 78,574,000 | 75,563,000 | 75,582,000 | 74,922,000 | 72,045,000 | 70,472,000 | 68,608,000 | 67,821,000 | 66,623,000 | 67,222,000 | 68,385,000 | 68,293,000 | 65,665,000 | 64,585,000 | 62,727,000 | 61,618,000 |
| Total asset turnover | 0.19 | 0.19 | 0.21 | 0.21 | 0.18 | 0.20 | 0.19 | 0.18 | 0.18 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.16 | 0.16 | 0.16 | 0.17 | 0.17 | 0.17 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $16,720,000K ÷ $87,181,000K
= 0.19
The total asset turnover ratio for Sempra has been relatively stable over the past eight quarters, ranging between 0.18 and 0.21. This ratio indicates that, on average, Sempra generated between $0.18 and $0.21 in revenue for each dollar of total assets during these periods. A total asset turnover ratio of less than 1 may suggest that the company is not efficiently utilizing its assets to generate revenue. However, it's important to consider the industry norms and historical trends of the company to make a more accurate assessment of its operational efficiency. Overall, further analysis and comparison with industry peers are recommended to gain a deeper understanding of Sempra's performance in this aspect.
Peer comparison
Dec 31, 2023