Xcel Energy Inc (XEL)
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 | 14,206,000 | 14,817,000 | 15,237,000 | 15,639,000 | 15,310,000 | 14,612,000 | 13,997,000 | 13,641,000 | 13,431,000 | 13,023,000 | 12,738,000 | 12,256,000 | 11,526,000 | 11,377,000 | 11,208,000 | 11,199,000 | 11,529,000 | 11,611,000 | 11,646,000 | 11,727,000 |
| Property, plant and equipment | US$ in thousands | 51,642,000 | 50,613,000 | 49,664,000 | 48,896,000 | 48,253,000 | 47,287,000 | 46,535,000 | 45,837,000 | 45,457,000 | 44,730,000 | 44,141,000 | 43,582,000 | 42,950,000 | 42,227,000 | 41,124,000 | 40,776,000 | 39,483,000 | 38,703,000 | 37,651,000 | 37,114,000 |
| Fixed asset turnover | 0.28 | 0.29 | 0.31 | 0.32 | 0.32 | 0.31 | 0.30 | 0.30 | 0.30 | 0.29 | 0.29 | 0.28 | 0.27 | 0.27 | 0.27 | 0.27 | 0.29 | 0.30 | 0.31 | 0.32 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $14,206,000K ÷ $51,642,000K
= 0.28
Xcel Energy, Inc.'s fixed asset turnover has been relatively stable over the past eight quarters, ranging from 0.28 to 0.32. The fixed asset turnover measures the efficiency with which the company is generating revenues from its fixed assets. A higher ratio indicates that the company is utilizing its fixed assets more efficiently to generate sales.
Based on the data provided, Xcel Energy's fixed asset turnover has shown a consistent performance, hovering around 0.30 to 0.32. This suggests that the company is effectively using its fixed assets to generate revenue. Of note, a steady or increasing fixed asset turnover ratio over time could indicate improved operational efficiency and better management of fixed assets.
It is important for Xcel Energy to continue monitoring and managing its fixed asset turnover ratio to ensure that its assets are being utilized effectively to drive revenue generation. Additionally, comparing this ratio with industry benchmarks and competitors can provide further insights into the company's operational efficiency and positioning within the market.
Peer comparison
Dec 31, 2023