TXNM Energy, Inc. (TXNM)

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	1,971,199	1,906,349	1,842,944	1,831,998	1,939,198	2,102,903	2,326,940	2,349,514	2,249,555	2,107,811	1,932,474	1,859,284	1,779,873	1,705,074	1,622,988	1,554,097	1,523,012	1,507,880	1,469,001	1,441,580
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	—	—	—	485,023	390,733	313,901	3,404	350,090	293,050	282,704	3,403	379,848	309,513	240,002
Fixed asset turnover		—	—	—	—	—	—	—	—	—	4.35	4.95	5.92	522.88	4.87	5.54	5.50	447.55	3.97	4.75	6.01

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,971,199K ÷ $—K
= —

The fixed asset turnover ratio of TXNM Energy, Inc. has shown some fluctuations over the periods provided. The ratio measures how efficiently the company is utilizing its fixed assets to generate revenue.

From March 31, 2020, to June 30, 2020, the fixed asset turnover decreased from 6.01 to 4.75, indicating a potential decline in efficiency in generating revenue from fixed assets during this period. However, the ratio increased to 447.55 by December 31, 2020, which is unusually high and could be an outlier or a result of significant changes in the company's operations or reporting.

Subsequently, from March 31, 2021, to June 30, 2022, the fixed asset turnover remained relatively stable, ranging between 4.95 and 5.92. This stability suggests a consistent level of efficiency in utilizing fixed assets to generate revenue during this period.

However, from September 30, 2022, to December 31, 2022, there was a slight decline in the fixed asset turnover to 4.35, indicating a potential decrease in efficiency in utilizing fixed assets to generate revenue compared to the previous periods.

Moreover, the data for the periods beyond December 31, 2022, is not available, so the trend in the fixed asset turnover ratio and its implications cannot be further analyzed based on the provided information.

In summary, the fixed asset turnover ratio of TXNM Energy, Inc. has shown fluctuations over the periods provided, with some periods indicating potential changes in efficiency in utilizing fixed assets to generate revenue. Further analysis would be necessary to understand the reasons behind these fluctuations and their impact on the company's operational performance.