Xcel Energy Inc (XEL)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 13,441,000 | 14,206,000 | 15,310,000 | 13,431,000 | 11,526,000 |
| Property, plant and equipment | US$ in thousands | — | — | 48,253,000 | 45,457,000 | 42,950,000 |
| Fixed asset turnover | — | — | 0.32 | 0.30 | 0.27 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $13,441,000K ÷ $—K
= —
The fixed asset turnover ratio for Xcel Energy Inc has shown an increasing trend over the past few years, rising from 0.27 in December 31, 2020 to 0.30 in December 31, 2021 and further to 0.32 in December 31, 2022. This indicates that the company is generating more revenue relative to its investment in fixed assets, which is a positive sign of efficiency in asset utilization. However, it is noted that data for December 31, 2023 and 2024 are unavailable. It would be beneficial to monitor this ratio in the future to assess the company's ongoing ability to effectively utilize its fixed assets to generate revenue.
Peer comparison
Dec 31, 2024