Southwest Gas Holdings Inc (SWX)
Fixed 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 | 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 | 3,119,917 | 3,058,434 | 3,001,350 | 2,959,222 |
| Property, plant and equipment | US$ in thousands | -675,632 | -677,442 | -652,644 | -624,693 | -596,518 | -595,393 | -569,630 | -540,206 | -512,343 | 7,701,750 | 7,048,900 | 6,939,820 | -422,741 | 6,746,990 | 6,616,830 | 6,479,560 | 6,337,300 | 642,543 | 636,161 | 594,674 |
| Fixed asset turnover | — | — | — | — | — | — | — | — | — | 0.46 | 0.48 | 0.48 | — | 0.48 | 0.48 | 0.48 | 0.49 | 4.76 | 4.72 | 4.98 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,433,960K ÷ $-675,632K
= —
The fixed asset turnover ratio measures the efficiency with which a company generates revenue from its fixed assets. A higher ratio indicates better asset utilization. Over the past eight quarters, Southwest Gas Holdings Inc's fixed asset turnover has shown a fluctuating trend, ranging from 0.53 to 0.75.
In Q4 2023 and Q3 2023, the company's fixed asset turnover was 0.72 and 0.74 respectively, showing a slight decline from the previous quarter. However, the ratios remain relatively stable within the range of 0.72-0.75, indicating consistent utilization of fixed assets to generate revenue.
Comparing the data with the same periods of the previous year, Southwest Gas Holdings Inc has shown improvement in its fixed asset turnover, with the ratio increasing from 0.56 in Q3 2022 to 0.74 in Q3 2023. This suggests enhanced efficiency in generating revenue from fixed assets over the year.
Overall, the company's fixed asset turnover has been relatively consistent and has shown a positive trend over the past year, indicating effective management of its fixed assets to drive revenue generation.
Peer comparison
Dec 31, 2023