Vistra Energy Corp (VST)
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 | 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 |
| Total assets | US$ in thousands | 32,966,000 | 31,945,000 | 30,472,000 | 31,117,000 | 32,787,000 | 35,175,000 | 37,468,000 | 32,833,000 | 29,683,000 | 29,932,000 | 27,015,000 | 25,886,000 | 25,208,000 | 25,499,000 | 26,307,000 | 26,669,000 | 26,616,000 | 26,443,000 | 26,520,000 | 25,568,000 |
| Total asset turnover | 0.45 | 0.49 | 0.55 | 0.48 | 0.42 | 0.37 | 0.29 | 0.37 | 0.41 | 0.38 | 0.44 | 0.46 | 0.45 | 0.46 | 0.43 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $14,778,000K ÷ $32,966,000K
= 0.45
Vistra Corp's total asset turnover has shown fluctuating trends over the past eight quarters. The total asset turnover ratio represents the efficiency of the company in generating revenue from its assets. A higher total asset turnover indicates that the company is utilizing its assets more efficiently to generate sales.
In Q2 and Q3 of 2023, Vistra Corp's total asset turnover improved to 0.55 and 0.49 respectively, showing that the company was able to generate more revenue relative to its total assets during these periods. This indicates a more effective asset utilization.
In contrast, the total asset turnover ratio declined in Q4 2023 to 0.45, which may suggest a slowdown in revenue generation compared to the total assets employed by the company during that period.
Overall, the company's total asset turnover has shown variability, with some quarters demonstrating better asset utilization efficiency than others. It is important for Vistra Corp to consistently monitor and improve its total asset turnover ratio to ensure optimal utilization of its assets and maximize revenue generation.
Peer comparison
Dec 31, 2023