TXNM Energy, Inc. (TXNM)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,971,200 | 1,939,200 | 2,249,560 | 1,779,870 | 1,523,010 |
| Total assets | US$ in thousands | 11,211,700 | 10,252,600 | 9,257,380 | 8,666,880 | 7,939,850 |
| Total asset turnover | 0.18 | 0.19 | 0.24 | 0.21 | 0.19 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,971,200K ÷ $11,211,700K
= 0.18
TXNM Energy, Inc.'s total asset turnover has fluctuated over the years, from 0.19 in December 2020 to 0.21 in December 2021, reaching its peak at 0.24 in December 2022. However, in the subsequent years, the total asset turnover decreased to 0.19 in December 2023 and further to 0.18 in December 2024. The total asset turnover ratio indicates the efficiency of the company in generating revenue from its assets. A higher turnover ratio generally implies that the company is utilizing its assets more effectively to generate sales. The decreasing trend in TXNM Energy, Inc.'s total asset turnover from 2022 to 2024 may suggest inefficiencies in asset utilization or changes in the company's operating strategy. Further analysis of the company's operations and industry trends may be necessary to understand the reasons behind this trend.
Peer comparison
Dec 31, 2024