Southwest Gas Holdings Inc (SWX)
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 | 5,112,450 | 5,209,840 | 5,300,150 | 5,411,620 | 5,433,960 | 5,487,320 | 5,443,420 | 5,295,900 | 4,960,010 | 4,623,550 | 4,386,656 | 4,061,957 | 3,680,454 | 3,510,104 | 3,412,634 | 3,348,460 | 3,298,873 | 3,232,930 | 3,166,934 | 3,122,698 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 1,112,740 | 1,125,140 | 1,111,640 | 1,144,930 | 9,073,710 | 8,941,380 | 8,830,420 | 8,910,500 | 7,701,750 | 7,048,900 | 6,939,820 | 7,010,330 | 6,746,990 | 6,616,830 | 6,479,560 |
| Fixed asset turnover | — | — | — | — | — | 4.93 | 4.84 | 4.76 | 4.33 | 0.51 | 0.49 | 0.46 | 0.41 | 0.46 | 0.48 | 0.48 | 0.47 | 0.48 | 0.48 | 0.48 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,112,450K ÷ $—K
= —
The fixed asset turnover ratio of Southwest Gas Holdings Inc has shown fluctuating trends over the years. It remained relatively stable around 0.48 from March 2020 to June 2022, indicating that the company was generating approximately $0.48 in revenue for every dollar invested in fixed assets.
However, there was a significant increase in the fixed asset turnover ratio to 4.33 in December 2022, which further climbed to 4.84 by June 2023 and 4.93 by September 2023. This sudden surge suggests a notable improvement in the efficiency of utilizing fixed assets to generate revenue during this period.
There is missing data from December 2023 onwards, which makes it challenging to provide a detailed analysis for the later periods. It could be assumed that the company experienced some extraordinary events or changes in its business that led to the remaining data points being omitted.
Overall, the significant increase in the fixed asset turnover ratio in late 2022 and early 2023 may indicate operational improvements or strategic changes within Southwest Gas Holdings Inc that positively impacted its asset utilization efficiency. It would be essential to track the trend further to assess the sustainability of this improvement and its implications for the company's financial performance.
Peer comparison
Dec 31, 2024