TXNM Energy, Inc. (TXNM)

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	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
Total assets	US$ in thousands	11,211,700	10,843,500	10,583,400	10,257,700	10,252,600	10,050,800	9,626,970	9,353,140	9,625,570	9,028,890	8,911,100	8,727,690	8,666,880	8,256,070	8,120,470	7,943,310	7,939,850	7,742,110	7,574,470	7,375,120
Total asset turnover		0.18	0.18	0.17	0.18	0.19	0.21	0.24	0.25	0.23	0.23	0.22	0.21	0.21	0.21	0.20	0.20	0.19	0.19	0.19	0.20

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,971,199K ÷ $11,211,700K
= 0.18

TXNM Energy, Inc.'s total asset turnover has exhibited variability over the period from March 31, 2020, to December 31, 2024. The total asset turnover ratio measures how efficiently the company is utilizing its assets to generate revenue. A higher ratio indicates better asset utilization.

From March 31, 2020, to March 31, 2022, the total asset turnover remained relatively stable, ranging from 0.20 to 0.22, suggesting consistent asset efficiency during this period. However, there was a notable increase to 0.25 by March 31, 2023, indicating an improvement in asset utilization.

Subsequently, the total asset turnover ratio started to decline, falling to 0.17 by June 30, 2024, before recovering slightly to 0.18 by December 31, 2024. This decline could imply that the company's asset efficiency decreased during this period.

Overall, the trend in TXNM Energy, Inc.'s total asset turnover reflects fluctuations in asset utilization, with periods of stability and improvement followed by a decline. Further analysis of the company's operations and financial performance would be necessary to understand the factors driving these changes in asset turnover.