Xcel Energy Inc (XEL)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 13,463,000 | 13,785,000 | 13,803,000 | 13,783,000 | 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 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 49,664,000 | 48,896,000 | 48,253,000 | 47,287,000 | 46,535,000 | 45,837,000 | 45,457,000 | 45,752,000 | 45,189,000 | 44,664,000 | 42,950,000 | 42,227,000 | 41,124,000 | 40,776,000 |
| Fixed asset turnover | — | — | — | — | — | — | 0.31 | 0.32 | 0.32 | 0.31 | 0.30 | 0.30 | 0.30 | 0.28 | 0.28 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $13,463,000K ÷ $—K
= —
Fixed asset turnover ratio for Xcel Energy Inc has shown a consistent improvement from 0.27 in March 2020 to 0.32 in December 2022. This indicates that the company is generating more revenue per dollar invested in fixed assets over this period. However, there was a slight dip to 0.31 in June 2023, followed by data not available for the following periods.
Overall, the increasing trend in the fixed asset turnover ratio suggests that Xcel Energy Inc is effectively utilizing its fixed assets to generate revenue efficiently. It is essential for the company to continue monitoring and managing this ratio to ensure sustained operational efficiency and profitability in the long run.
Peer comparison
Dec 31, 2024