Southwest Gas Holdings Inc (SWX)
Total 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 |
| Total assets | US$ in thousands | 12,023,800 | 11,875,000 | 11,985,300 | 11,888,000 | 11,869,900 | 11,836,300 | 11,950,900 | 11,810,200 | 13,196,600 | 13,102,600 | 12,923,000 | 13,249,500 | 12,765,300 | 10,369,600 | 9,039,020 | 8,928,640 | 8,735,850 | 8,429,660 | 8,426,040 | 8,093,220 |
| Total asset turnover | 0.43 | 0.44 | 0.44 | 0.46 | 0.46 | 0.46 | 0.46 | 0.45 | 0.38 | 0.35 | 0.34 | 0.31 | 0.29 | 0.34 | 0.38 | 0.38 | 0.38 | 0.38 | 0.38 | 0.39 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,112,450K ÷ $12,023,800K
= 0.43
Total asset turnover measures how efficiently a company is using its assets to generate revenue. Southwest Gas Holdings Inc's total asset turnover has shown some volatility over the observation period, ranging from 0.29 to 0.46. The ratio stayed relatively stable in the range of 0.38 to 0.46 from March 2021 to June 2024, indicating that the company was generating approximately $0.38 to $0.46 in revenue for every dollar of assets it had during that time. The decrease in total asset turnover to 0.29 in December 2021 suggests a period of lower efficiency in asset utilization. However, the ratio improved back to 0.46 in the following quarters. Overall, Southwest Gas Holdings Inc's total asset turnover has seen fluctuations but has generally remained within a moderate range, indicating reasonable efficiency in utilizing its assets to generate revenue.
Peer comparison
Dec 31, 2024