Vistra Energy Corp (VST)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 14,779,000 | 13,728,000 | 12,077,000 | 11,443,000 | 11,809,000 |
| Total assets | US$ in thousands | 32,966,000 | 32,787,000 | 29,683,000 | 25,208,000 | 26,616,000 |
| Total asset turnover | 0.45 | 0.42 | 0.41 | 0.45 | 0.44 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $14,779,000K ÷ $32,966,000K
= 0.45
Total asset turnover is a financial ratio that measures a company's ability to generate revenue relative to its total assets. Vistra Corp's total asset turnover has shown fluctuations over the past five years, ranging from 0.41 to 0.45.
The increasing trend from 2021 to 2023 indicates that Vistra Corp has been more efficient in utilizing its assets to generate sales revenue. A higher total asset turnover ratio suggests that the company is more efficient in generating sales from its assets.
However, it's important to note that the ratio is still relatively low, indicating that Vistra Corp may have room for improvement in optimizing its asset utilization to increase revenue generation. Further analysis of the company's operational efficiency and asset management strategies may provide insights into enhancing overall performance.
Peer comparison
Dec 31, 2023