UGI Corporation (UGI)
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 | 8,290,000 | 8,928,000 | 9,458,000 | 9,832,000 | 10,192,000 | 10,106,000 | 9,610,000 | 9,073,000 | 8,188,000 | 7,447,000 | 7,133,000 | 6,836,000 | 6,484,000 | 6,559,000 | 6,585,000 | 6,750,000 | 7,127,000 | 7,320,000 | 7,443,100 | 7,520,000 |
| Total assets | US$ in thousands | 15,716,000 | 15,401,000 | 15,243,000 | 16,429,000 | 17,128,000 | 17,575,000 | 17,111,000 | 17,777,000 | 16,800,000 | 16,723,000 | 15,006,000 | 14,945,000 | 14,725,000 | 13,985,000 | 13,843,000 | 14,136,000 | 14,286,000 | 13,347,000 | 12,018,900 | 12,350,900 |
| Total asset turnover | 0.53 | 0.58 | 0.62 | 0.60 | 0.60 | 0.58 | 0.56 | 0.51 | 0.49 | 0.45 | 0.48 | 0.46 | 0.44 | 0.47 | 0.48 | 0.48 | 0.50 | 0.55 | 0.62 | 0.61 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $8,290,000K ÷ $15,716,000K
= 0.53
The total asset turnover of UGI Corp. has exhibited fluctuations over the past eight quarters. From Q1 2024 to Q2 2022, the total asset turnover ranged from 0.51 to 0.62, with Q3 2023 showing the highest value at 0.62 and Q2 2022 showing the lowest at 0.51.
The decreasing trend from Q1 2024 to Q2 2022 indicates that the company may be less efficient in generating sales revenue relative to its total assets during this period. However, it is worth noting that the total asset turnover has remained relatively stable around the range of 0.58 to 0.60 from Q4 2023 to Q1 2023.
Overall, the total asset turnover of UGI Corp. suggests that the company may need to focus on improving its efficiency in utilizing its assets to generate sales revenue and enhance overall performance in the future.
Peer comparison
Dec 31, 2023