Xcel Energy Inc (XEL)
Total 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 |
| Total assets | US$ in thousands | 70,035,000 | 69,286,000 | 67,927,000 | 65,585,000 | 64,079,000 | 62,870,000 | 61,658,000 | 60,945,000 | 61,188,000 | 59,975,000 | 59,317,000 | 57,985,000 | 57,851,000 | 57,517,000 | 56,779,000 | 56,511,000 | 53,957,000 | 53,708,000 | 53,456,000 | 51,133,000 |
| Total asset turnover | 0.19 | 0.20 | 0.20 | 0.21 | 0.22 | 0.24 | 0.25 | 0.26 | 0.25 | 0.24 | 0.24 | 0.24 | 0.23 | 0.23 | 0.22 | 0.22 | 0.21 | 0.21 | 0.21 | 0.22 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $13,463,000K ÷ $70,035,000K
= 0.19
Total asset turnover measures how efficiently a company is utilizing its assets to generate revenue. For Xcel Energy Inc, the total asset turnover ratio has shown a fluctuating trend over the past few years, ranging from 0.19 to 0.26.
The ratio increased from 0.22 in March 2020 to 0.24 in June 2022, indicating an improvement in the company's ability to generate sales from its assets. However, there was a slight dip to 0.19 by December 2024, which suggests a potential decrease in asset efficiency during that period.
Overall, the trend in Xcel Energy Inc's total asset turnover ratio indicates a varying level of effectiveness in utilizing its assets to generate revenue, with periods of improvement and slight decline. Keeping a close watch on this ratio can help assess the company's operational efficiency and asset management strategies.
Peer comparison
Dec 31, 2024