Southwest Gas Holdings Inc (SWX)
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 | 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 |
| Total assets | US$ in thousands | 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 | 8,170,050 | 7,840,210 | 7,666,880 | 7,569,430 |
| Total asset turnover | 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 | 0.38 | 0.39 | 0.39 | 0.39 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,433,960K ÷ $11,869,900K
= 0.46
Southwest Gas Holdings Inc has maintained relatively stable total asset turnover ratios around 0.45 to 0.46 in the most recent quarters of 2023, indicating that the company generates approximately $0.46 in revenue for every dollar of total assets it possesses. This suggests efficient utilization of its assets to generate sales. The steady performance in asset turnover from the previous quarters reflects consistency in the company's ability to effectively deploy its assets to drive revenue growth. Comparing to the same quarters in 2022, there has been a noticeable improvement in total asset turnover, indicating potential efficiency enhancements in asset utilization. Overall, Southwest Gas Holdings Inc's total asset turnover indicates a healthy operational efficiency in converting its assets into revenue.
Peer comparison
Dec 31, 2023