Southwest Gas Holdings Inc (SWX)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,112,440 | 5,433,970 | 4,960,010 | 3,680,450 | 3,298,870 |
| Total assets | US$ in thousands | 12,023,800 | 11,869,900 | 13,196,600 | 12,765,300 | 8,735,850 |
| Total asset turnover | 0.43 | 0.46 | 0.38 | 0.29 | 0.38 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,112,440K ÷ $12,023,800K
= 0.43
Based on the data provided, Southwest Gas Holdings Inc's total asset turnover ratio has fluctuated over the past five years. In 2020, the company had a total asset turnover of 0.38, indicating that it generated $0.38 in revenue for every $1 of total assets.
In 2021, the total asset turnover ratio decreased to 0.29, suggesting a decline in efficiency in utilizing its assets to generate revenue. However, the ratio improved in 2022, reaching 0.38 again. This improvement indicates a better utilization of assets to generate revenue compared to the previous year.
The total asset turnover ratio further increased in 2023 to 0.46, which suggests that Southwest Gas Holdings Inc became more effective in generating revenue from its total assets. In 2024, the ratio slightly decreased to 0.43, still indicating a relatively good efficiency in asset utilization.
Overall, Southwest Gas Holdings Inc's total asset turnover ratio has shown some variation over the years, but it seems to have improved in recent years, indicating better efficiency in generating revenue from its total assets.
Peer comparison
Dec 31, 2024