Vistra Energy Corp (VST)
Fixed 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 | 14,778,000 | 15,569,000 | 16,629,000 | 15,028,000 | 13,728,000 | 13,173,000 | 11,018,000 | 11,995,000 | 12,077,000 | 11,287,000 | 11,848,000 | 11,792,000 | 11,443,000 | 11,779,000 | 11,421,000 | 11,744,000 | 11,809,000 | 11,511,000 | 11,560,000 | 11,302,000 |
| Property, plant and equipment | US$ in thousands | 12,432,000 | 12,346,000 | 12,537,000 | 12,611,000 | 12,554,000 | 12,550,000 | 12,784,000 | 12,887,000 | 13,056,000 | 13,100,000 | 13,327,000 | 13,392,000 | 13,499,000 | 13,564,000 | 13,881,000 | 13,818,000 | 13,914,000 | 14,075,000 | 14,260,000 | 14,448,000 |
| Fixed asset turnover | 1.19 | 1.26 | 1.33 | 1.19 | 1.09 | 1.05 | 0.86 | 0.93 | 0.93 | 0.86 | 0.89 | 0.88 | 0.85 | 0.87 | 0.82 | 0.85 | 0.85 | 0.82 | 0.81 | 0.78 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $14,778,000K ÷ $12,432,000K
= 1.19
The fixed asset turnover ratio measures the efficiency of a company in generating sales revenue from its investment in fixed assets. A higher ratio indicates that the company is utilizing its fixed assets more efficiently to generate sales.
Analyzing Vistra Corp's fixed asset turnover over the past eight quarters, we can see fluctuations in the ratio. In Q4 2023, the fixed asset turnover was 1.19, which decreased from the previous quarter but remained higher than the ratios in Q4 and Q3 of 2022. This indicates that Vistra Corp generated $1.19 in revenue for every dollar invested in fixed assets in Q4 2023.
Looking at the trend over the past year, the fixed asset turnover ratio has generally been increasing since Q1 2022, suggesting improved efficiency in utilizing fixed assets to drive sales. However, there was a dip in Q2 2022 before an upward trend resumed.
Overall, Vistra Corp's fixed asset turnover ratio has shown some variability but has been on an upward trajectory, which may indicate improving operational efficiency and effective management of its fixed asset base to drive sales growth. Further analysis and comparison with industry benchmarks could provide additional insights into Vistra Corp's operational performance and efficiency in utilizing its fixed assets.
Peer comparison
Dec 31, 2023